BTCUSD Elliott Wave Technical Analysis Mode: Corrective Position: Wave (iv) of (c) Direction: Wave (iv) of (c) is still in play Details: Wave (iv) is still in play which I expected to be end around 66-67K. Next Direction: Wave (V) which will complete the next higher Degrees Wave (c) Target : the area between 60-58k Wave Cancel invalid level: BTC going above...
Traders of all levels, from beginners to experienced professionals, can fall prey to psychological mistakes that can lead to poor trading decisions and ultimately, losses. Understanding and avoiding these common mistakes is crucial for developing a sound trading strategy and achieving consistent success in the markets. Here are three of the most prevalent trading...
The price of bitcoin has secured a price below the previous ATH zone, where we also formed a nice smaller red hammer candle. We are expecting some kind of re-test (which is currently happening) to the $70K zone or near that previous ATH zone, and after that, a nice downward movement towards both EMAs and also the middle line of Bollinger Bands. RSI is showing...
Hi folks, it's my analysis on BTC/USD I wait for completing the pullback to grey zone, after comfirmation in 15 min it's a opportunity to get position to buy stops.
Somebody has asked me my opinion on Bitcoin. These are my thoughts as I view the chart. It's purely an analysis and an opinion and not a trade idea.
i think we are heading again to make a new high because of the analysis on the chart. we will break a big resistance for the forth try. the red line is the Stoploss. please do your own research this is not financial advice.
CRYPTOCAP:BTC #BTC Nicely gained $64,344 support, currently testing $66,323 support - time to see if it can hold it, seems unlikely judging by current RSI on 4h, but last 1D close looks great and RSI on 1D also good. $64,344 next support from here. $68,546 next key resistance from here. Watch given S/R
a TF0 channel is visible on System D and is expected to breakdown in this attempt. D waves system is a superimposed system over Elliott counts. This is not a financial advice.
Not to repeat, dangerous for the deposit. Short from the current price, TP is marked with yellow dotted lines, SL at closing above 68840 at 4h.
After the Halving happen on 19-4-2024, Bitcoin making a recover from the 60000 level. However, Price history showing the shorterm effect of the Halving making price drop in the first 30 day www.proshares.com Technical 50% retracement level from the swing from 25000 to 70000 is at 50.000 . This level combine with the 200day moving average on Daily...
Taking a look at the daily chart, I am looking to go how. However, I want to see how this instrument trades following tomorrow's PMI data from the US. On my chart I plotted out an AOI level which would be nice to test. If that happens I'll be looking for bearish stalling action on the small timeframes such as the 5 min to scalp a long entry. That's it - That's...
Under the conflict between Israel and Iran, many short-term holders have entered a state of loss, the capital market has released risks. NDX and technology stocks have experienced a week of losses so far. In the crypto market, although many Altcoins have experienced significant callback, BTC has never effectively penetrated 60000. Continued inflows into ETFs and...
This was one of the most heartbreaking wins I ever had... COINBASE:BTCUSD was a pair I had been building a relationship long before I ever made this entry. This pair is extremely volatile. I mean it is crypto! I decided to dable because I had a high probability setup. Although the price did go my way, I got greedy and decided to hold overnight. Big mistake. I...
BITSTAMP:BTCUSD I'm looking for wave 4... Kindly report her to my trade station. Thank you! The retracement will start soon --- how ;ow it will go, I don't know. Let the sell before the buy begin... Let the test of peoples' patient be seen. We are definitely paid to wait... PAYtience does pays... lol
Easy timing and path to $250k Tops to Bottoms and Bottom to tops are insanely similar. Hold on tight
Macro Analysis: Before diving into the technical aspects, let's first examine the broader macro landscape influencing current market movements, particularly focusing on the Consumer Price Index (CPI) and the Bitcoin Halving: Consumer Price Index (CPI): In March, inflation, measured by the CPI, surpassed expectations with a 0.4% increase compared to the...
BTC/USD is still captured in the mentioned range between 73.800 and 60.000. However, it recently took out a daily low and the bodies respected the potential support level of 60.000. The next likely draw now are the relative equal highs above 71500. If BTC breaks out of the range substancially, it could have another significant rally backed by the recent...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 67881.63 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 71339.38 Why we like it: There is a pullback resistance...