The current price of BTCUSD is encountering resistance at the H6 supply area and facing rejection from this zone. Additionally, it coincides with the Fibonacci 0.50% level, which is a critical area for potential trend reversal. Above this, the Fibonacci 0.61% level is around 66000-67000, which also poses resistance. These two areas could potentially push the price...
Bitcoin is currently trading at 63k $ area , which is currently forming an important support that it is trying to breakout , to reach the first supply area between 44 k $ and 44 500 $ . we are monitoring this situation over the few days in order to provide analyses about the future path of Bitcoin .
Disclaimer: This is not financial advice. Most traders lose money. Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high-risk tolerance and the financial ability to sustain losses.
That is the Bitcoin chart since the 2013 ATH to now and, as the arrows show, PA is currently following a Very similar Path since The ATH in Nov 2021. The position we are currently in is shown in more detail below This shows that in 2013, we had a -35% pull back, the last week of which was a Sharp drop and recovery. The Current total pull back is -25% June...
Very strong support zone between 52K - 42K. From this zones is very chance go back to 62-70K.
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This bounce off is perfect Parabolic bullish rise and just closed green. This is rare and mild to see what just witnessed; it can expanded from the sell point into the 90K range During that should expect the drop and sideways before going into the 6 Figures price. Expecting 90K .. a small decent drop into consolidation before we go even high to break that...
What a strange coincidence to Gold and previous cycles. It's a good idea to review the Schedule of Releases for the Consumer Price Index, the next one is May 15th
BTCUSD NEXT MOVE 4H Time Frame Bank Strategy Please observe the capital carefully and do not risk more than 1% of your capital Good luck to everyone
This is an attempt to use Elliott Wave Theory to predict the future movement of the price of bitcoin. This analysis assumes the top is already in and that it has been established with a 12345 upward extension succeeded by a 12345 downward extension. The next move is an abc correction up to around $68K before a continuation of the assumed downtrend which will...
The numbers 21 and 7 are often associated with various cultural, religious, and mathematical significances, often referred to as "miracle numbers" due to their prevalence in different contexts. 1. **Religious and Cultural Significance**: - In Christianity, the number 7 is considered highly symbolic, representing completeness or perfection, as seen in the seven...
This pattern is well-known and bullish. Wait for the handle formation and breakout. The target is around $100k. See you in 2025 peak!
speculation of an instant pump after halving 4/20/2024 leads to leverage wipe out. Give it some time, let it shake people out, let conviction and confidence boil down.
As we assumed, the level of the average line of the PI indicator was achieved. Congratulations. Now it's time for the last wave of growth or the penultimate one. The target is $90-120k. When we get closer to $90k it will be easier to determine how far we will go. Currently, the RSI looks very good, but the lower limit has not been broken (although this is not...
#Bitcoin momentum is falling apart on daily chart, now negative and accelerating downwards. Remember, once you realize you are in a correction, you can either: 1) Stick around and hope it resolves upwards 2) Exit and let the dust settle The second option is NEVER wrong.
#BTC Moving inside the descending channel Expecting pullback from Resistance level. From Resistance level I will be looking for short opportunity
We’re below 9 and 21d MAs on most timeframes, the only one not looking terrible is the weekly. We failed to hold 60k, there are no supports until like 52k, with more prominent ones being 48k and 42k. However, If you didn’t sell at 67k, I don’t see a point in selling now. We’re -22% from ATH (57600/73777 - 1), that’s quite a correction as it is. Also, I just can't...