BITSTAMP:BTCUSD DoubleTop has formed amid divergence, additionally price has bounced off the resistance. Selling with a target around 60K
If the premise of a trend reversal is going to come to pass we need to see rejection of the attempt to trade at a new high. The breakout looks much more promising now but when you look at a lot of tops you find many of them have wicks slightly above the high. I believe these are referred to as "One tick traps" (I just call them stop hunts). If the breakout can...
Match each colored squares. Same colored squares read same pattern. First whales contraction is the value line. It’s where the whales hold their meetings. Soon will cross moving above the bullish contraction and will move to $72,462 because it’s what comes next then must reject because it’s a whales contraction and maybe move down to support zone which will then...
Hey there on 4hTF The BTCUSD has fallen today from 66000 to 64000 now also we can see bullish candle which is support area from 63300 and looking for there again buy side So as we can enter for long position in these area
BTCUSD continues to maintain its recovery, holding strong above the $66,000 mark. Currently, this cryptocurrency is still in an uptrend, with new support levels being established. Looking at the technical analysis chart, the 34 and 89 EMA lines are beginning to converge, suggesting that the next trend could be a continued upward movement. Resistance at $67,690 is...
█ The profitability of technical trading rules in the Bitcoin market The Bitcoin market, known for its wild fluctuations, poses a unique challenge for traders: Is it possible to consistently profit using technical trading rules? Recent research analyzing Bitcoin's price data from July 2010 to January 2019 has shed light on this question, focusing on the...
I entered this long position in Bitcoin. Although Bitcoin is recently involved in demand due to halving, another important point that causes supply is that it has reached a time resistance range.
This Wyckoff topping/distribution pattern seems to be playing out. If it continues to play out I will ladder shorts until the 43k target gets hit. 43k is a key order block level. 50k may hold, but it's not likely due to everyone calling it the low.
Hello all it has been a minute since I've updated a chart on here. If you want to learn a little bit more about me you can check my past charts. If I receive some engagements possibly I'll do more market updates and setups. I have clear target where the bottom will come in at. BTC has been range bounce was roughly 60 days at the top of a range which is a little...
Bear Flag forming on the daily ⚠️ Price could retrace to $52k. Will the bulls 🐂 step in?
"Sell in May and go away! 📉 Back in Uptober, no delay. 🚀 To the moon, where we stay, 🌕 Hodl for the ATH, okay? ✨ From bear to bull, the cycles spin, 🔄 In crypto we trust, we're here to win. 🏆 Stake your claim, let's begin, 🔗 Diamond hands can never thin. 💎 Reverse head and shoulders, now in sight, 📈 Down to 38K, we feel the night. 💥 Then rocket to 100K, pure...
Hello traders! Today, we're having an exciting day in the markets for Bitcoin. We have a clear figure of technical analysis Reverse Head & shoulders. The price has fallen in the last 4 hours and is currently testing the neckline of the figure which provides a convenient time to enter a BUY trade on these levels. It is still crawling above the jaws of the Alligator...
Rising Wedge's are one of my favorite setups. I think with the recent volatility, halving news, there might be a good short play on CRYPTOCAP:BTC / related stocks... Sell the news?...
I said 2 things earlier but I changed my mind a bit - the first thing was that I wanted to wait on Monday to do a new post because of the geopolitical situation and the halving, what happened last night convinced me that the floor was here (of course I can be 100% wrong) - second thing is that from my last post, I said we could chill some months because nothing...
Hello traders. Here is one of my rarely posted, highly coveted chart. ( well , not really. I just wanted to add some allure ). I have marked where my buy limit is set. We will have months of ranging and consolidation until we find true, defined support. I am buying any dips of 10% or more. Let it drop and shake out all the leveraged traders. This is...
Might be the last pullback of these lows, looking for a ABCD here to complete the butterfly pattern, then.... well, you know.. GL!
Take it with a grain of salt but this is my bitcoin analysis. I have my reasons for my position but please feel free to use for your money earning endeavors.
I would like to start by saying that I'm not going to explain my analysis. But gather your own conclusion from the visual.