📈 🚀 BTCUSD Market Forecast: Bullish Reversal Underway! 🎯💼 Crypto Traders, big developments in BTCUSD: BINANCE:BTCUSD 🔄 Inverse Head & Shoulders Pattern: BTCUSD has formed an inverse head and shoulders pattern at the bottom of the downtrend, indicating a potential bullish reversal. 📈 Channel Breakout: The breakout from the downward channel was confirmed...
This is part of my ongoing analysis, see links below. We have been orbiting 63.3k for several days. It is a key level of the wave down from the top. North of 63.3 is bullish, South of line is bearish. This chart is also a good example of my concept. The red fibs are extensions of an Impulse (fib 0.1). Purple lines are retracement levels of entire wave. Previous...
Bitcoin (BTCUSD) is trading within the Rally Channel (green) with the price having already reached its bottom, making the 2nd Higher Low of the pattern. This is the very same pattern that emerged in the previous Cycle after the Growth Channel Up and took BTC to its new All Time High (ATH) at the time. Both Growth Channels had a crash event below them, the...
Hey there traders! Some thoughts about BTC. We can see the movement in bullish flag, but with descending volumes! So I think that we will finish the last Elliot wave and will continue grow and maybe break resistance in May-June with hitting ATH. Now we can try to trade the last Elliot wave with TP at support box. SL can be a bit upper the flag line. What's...
Short position double top has now been confirmed. Targets read at 1.5% and 2% risk reward ratio. BTC should start moving up once it reaches any of this two prices. Pi Cycles read as low as GETTEX:59K , no lower than $56k. I doubt it will reach this pi cycles because it’s a double top 30 minute time frame. Unlikely to avoid this dip. Welcome to your first...
Hello, dear friends! I think many of us were cheered up by a little Bitcoin pump. In fact, nothing unusual, it's seen within the framework of a descending trend. It's very important to monitor the price behavior, which may approach 63,000. I see several possible scenarios: 📌Scenario 1: The price will rise to 63,000+ and test the descending trendline, then go...
Hello, traders and investors!🫶 I'm glad to welcome You to my page! Today I wanna share with You a possible key to understanding Bitcoin's movements. In the world of finance, there are often questions about why asset prices behave the way they do. Some seem chaotic and unpredictable, but there is always a certain logic behind them, the main thing is to want to see...
99.99% of all people that are extremely bullish on Bitcoin and became extremely bullish on Bitcoin early 2024, became this super, ultra, mega, uber-bullish because of the Bitcoin Spot ETFs. When mentioning the fact that Bitcoin is about to enter a major correction, they would say it is not possible because there is no reason for such a correction to happen. There...
Hey, I am not promoting the idea of a possible double top, but the reality is that adjusted for inflation Bitcoin has failed to make a new high from three years ago, despite halving, despite ETFs. Just something to think about if you want to be honest with yourself, huh?
From a technical perspective, the inverse head and shoulders pattern has broken the neckline. With a possibility of a pullback to the neckline, that should create an opportunity to enter long. The technical target would be $71,000 which correlates with a previous resistance zone
Here's the pattern. Here's the channel. You know the drill. No further explanation required.
Update to my ongoing analysis of this bull run. Correction proceeding exactly per plans. We are nearing some key levels to watch. The bottom should be pretty close to here. $ 56,265 - 56,799 is the minimum expected. $ 52,838 - 53,659 is best Guess and Ideal target. $ 48,090 - 48,750 is the Overshoot (backboard). . Previous plots and logic that lead us here...
Dear Traders, In this analysis, I'll be sharing my perspective on BTC. By watching the accompanying video, you'll discover the key levels that, in my opinion, will signal whether the price is likely to move higher or lower. Disclaimer: The views and analysis presented by Lord MEDZ are for informational purposes only and should not be construed as financial...
Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...
Hello, friends! Today, I wanna share with You my short-term analysis of Bitcoin.👇 Note that the price has broken through the purple 🟣 and the orange 🟠triangle. Currently, the price is attempting to test the resistance level 60 000 (the lower triangle line) and it's likely that we'll see a price decrease to the levels of 56,000. If we fail to establish...
...the latest action always takes priority. We didn't get the low volume weak retrace to 60-61k. Smells more like a spring than a lpsy. If true, then it was accumulation after all, as hard as it is for me to believe. It is what it is. The next retrace will be quite telling, aka the test. If its a weak dump, then it's worth a long.
The BTC/USD pair is indicating a potential selling opportunity, with a targeted sell zone identified at 64460. This level represents an area where sellers may consider entering the market, anticipating downward movement in the price of Bitcoin against the US dollar. Furthermore, technical analysis suggests two potential targets for this sell opportunity. The...
KAGI LONG POSITION reads $70,937 if equal lows is met then correct entry would be at $62,200. Despite the short position volume candles, even if it dips lower, kagi and volume will read same accordance at a later times because volume candles has a faster move than kagi. Let’s say volume or Heiken candles dip, Kagi will be about in the same zone while volume and...