possible low on btc if it brakes 61000 for a wave 1, then holds the wave 2 above the lowof 60100 this is a valid macro wave 1 according to sir ralph nelson elliot. but i do see price spiking 60k which it is yet to do. would like to add i had 50k as my reversal level. but no one knows .60 kcoule be the one
18,000 BTC options are about to expire with a Put Call Ratio of 0.64, a Maxpain point of $62,000 and a notional value of $1.2 billion. 280,000 ETH options are about to expire with a Put Call Ratio of 0.74, Maxpain point of $3,050 and a notional value of $800 million. Crypto markets were weaker this week as volume continued to fall. The outflow dynamics from the...
If you listen to the Galactic Republic, you might think that the entire banking system was going to come to an end, and the only way out of it is to deliver more control/freedom to the Republic so they can "guarantee" you'll be taken care of, and don't worry, it wont cost you a dime, we'll make the bad guys pay for it. But in a glimmer of hope the Confederacy of...
Could this be a possible buying area for BTC? Based on what price is showing, the market is currently testing and rejecting the 0.5 Fib level + a 4HR reversal chart pattern. Let's see how this will play out
CRYPTOCAP:BTC #BTC Dropped below $62,580 support following bearish engulfing on last 4H, Currently trying to regain $63,144, RSI on 4H and 1D looks fine, Previous 1D closed bearish, $61,674 current support area, Needs $64,344 support to reattempt at $65,521-$66,323.
At the beginning of last week, the market fell further, with BTC reaching below 57000. But then V-Reversal came along. Last Thursday, the FOMC was held. The Federal Reserve kept interest rates unchanged, in line with market expectations. However, monthly Treasury bond redemption dropped from US$60 billion to US$25 billion, exceeding market expectations. While a...
(Based on the 16H Chart) 🤔 There appears to be a bit more upside momentum remaining for BTC before Price Action returns to shorting around 66748
Bitcoin printed a lovely weekly candle - a hammer with a long wick down and small bullish body. This is often a sign of strengthening demand (buyers buying up the dips) and of a bullish reversal. That said, this is still just trading in a range, with price sweeping those range lows on higher time frames. Not much to get excited about until we break through the...
This week we need to close above last weekly candle for bullish momentum, if not this week than next week must close above this weekly candle wick. We will updated soon
Morning guys, So it seems we've correctly reversed our position down from 62K area. Today we increase the scale a bit and take a look at daily chart. Indeed BTC has broken triangle down as we've suggested. But it is more important that it also has broken K-support level and only oversold stops the downside continuation. This makes us to consider next downside...
Is Bitcoin / US Dollar cryptocurrency A Buy? Bitcoin holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
BITSTAMP:BTCUSD Bearish Parallel Down Trend, We are Bullish in bitcoin sector, waiting for a buy alert before going long. I personally do not short bitcoin, but for those who are in the business of shorting, a large green dot will be a buy alert.
it probably makes the triangle like last 3 cycles but price action has never been like this
Short There are many very positive on bitcoin long side. just follow the chart and price action. the price broken the daily MA50 level some times back. not retensting 2nd time. this is the sign for me to short the bitcoin at the right position.. The region we only have to buy between 46-52k range.. not above it..
Pi cycles still on target. Bulls are not giving up the fight. Reversal shows bear trap. Blue wave plot is about to splash and rub with my moving average to create a ROCKET LAUNCH. BTC might reach to GETTEX:59K Double top and bottom connected to rising wedge and bullish flag.
April 23rd to June 7th For the next 45 days, we are probably going to see an accumulation. In special, a Wyckoff accumulation pattern forming under the prior ATH due to five main factors: 1- The Triple Witching time span from March to June 2- The Data-driven approach by the FED and low unemployment rates 3- The Fast rise of prices from 27 to 73 within few...
Here is a clear view of the patterns I'm watching with BTCUSD. The main macro pattern is this ascending channel, drawn with a diagonal grey rectangle. Touch points on support and resistance are highlighted with red and green arrows. They are perfectly parallel, which increases my confidence in the validity of that range. We also have an established pattern of...
➖ Bitcoin is now red for the fifth week in a row. ➖ Confirmation is no longer needed, the market is about to sell-off. We are looking at Bitcoin on the weekly timeframe. Notice how the week just started and we already have a full red candle. Normally we get the first half of the week green and the second red, on a normal week. This change in behaviour is...