Considering the price reaction in the resistance range, it is expected that a corrective trend will form and go up to the specified Fibonacci levels. Then, according to the behavior of the price at these levels, the continuation of the movement process will be according to the specified paths
After a strong run up for BITSTAMP:BTCUSD , the big red candle is a sign of whales dumping! As it tries to recover, the RSI hasn't cross the Moving Average RSI line. The higher the strong run up the higher the probability of profit taking! SELL! DYDD
Dear Everyone,
Thanks for stopping by my idea, The Friendly Analyst is back with Bitcoin now at its ATH. Only 2 key points I wanna share:
1. I would advise to sell 50% of your position until BTC breaks 70k with Weekly closing above it. 2. I strongly believe BTC will retrace to 57.800 or even to 54.000 so these are the two levels I have placed my buy order at....
Bitcoin's recent surge has captured the attention of investors worldwide, marking a significant milestone in the evolution of digital currencies. With its decentralized nature and limited supply, Bitcoin has emerged as a preferred hedge against inflation and economic uncertainty.
Institutional adoption and growing mainstream acceptance have propelled Bitcoin to...
Bitcoin continues to revolutionize the world of finance, reshaping traditional notions of currency and investment. As the pioneer of cryptocurrencies, Bitcoin's decentralized nature and groundbreaking technology have propelled it to the forefront of the digital revolution.
In recent months, Bitcoin has experienced unprecedented growth, attracting attention from...
Hello, I am j3susb, a contractor, artist (Jesus B.) and investor who lives in Alaska. I grew up on a small island in rural Alaska that had a population of 50 people yearly with a small school of few people my age at the time. I moved around Washington State and throughout Alaska but ended here (although I'm not done yet). Before moving back to Alaska I had a...
Bitcoin, the pioneering cryptocurrency, continues to evolve and make strides towards mainstream adoption. Its decentralized nature and groundbreaking technology have sparked a revolution in the financial industry, challenging traditional banking systems and reshaping the way we perceive and transact value.
In recent months, Bitcoin has garnered increased...
In the realm of digital currencies, Bitcoin continues to captivate the imagination of investors and innovators alike, charting a new course in the ever-evolving landscape of finance. Recent developments in blockchain technology and growing mainstream acceptance have propelled Bitcoin into uncharted territory, reshaping traditional notions of value and...
As you know BTC hit a new ATH and then "crashed"?
Plotted here are key levels based on all relevant fibs.
Dip looks more like profit taking than a bull run ender.
$ 62,800 is the "Decision zone" that could resolve either way.
$ 62,256 is the "Critical Support", break could drop to 52.8k.
$ 52,838 is "Bulls Last Stand" as it will be VERY hard to...
Bitcoin's meteoric rise continues to captivate the world as it surges to new heights, sparking a financial revolution unlike any other. With its decentralized structure and limited supply, Bitcoin stands as a symbol of financial sovereignty, challenging traditional banking systems and empowering individuals worldwide.
As institutional investors flock to Bitcoin...
Bitcoin (BTC/USD) price is uptrending and currently testing all-time high price levels, again in March 2024.
Bitcoin price needs to break and hold above $70000 to continue the uptrend this year in 2024.
Weekly Resistance pivot point levels are: $70000, $80693, $90000, $98690, and $116687.
Weekly Support pivot point levels are: $60000, $52511, $40000, $34514,...
Changing market psychology from pessimism to optimism. We broke the neckline today which might confirm the bull run. This usually fuels a strong upward move. Watch the volume to make sure it’s not a false breakout.
Im just gonna put this here and I'm seeing alot of ability for BTC to stay above high to mid 40k, volume is discouraging but I feel this is just the start of a crypto boom that will have every institution and person who is getting squeezed and destroyed by inflation and increasing interest rates.
Crypto will spell a freedom and as finance inevitably fails for...
Basic Principles of Trading a Balanced Node
Rule 1: Unless the price breaks and holds Value High or Value Low we should expect buyers and sellers to maintain the current balance.
Rule 2: If we break and re-bid from Period Value High we should treat that level as supportive until it is reclaimed ( buy-side acceptance outside of balance)
Rule 3: If we...
BTC ATH breaks historical four-year halving cycle trend: Bitcoin (BTC) broke above the $69,000 mark this week, setting a new all time high of $69,324 on Tuesday morning. Despite common consensus of a post-halving bull run in the cards, like others that occurred in past four-year cycles, the market appears to be responding positively to the upcoming BTC...
