I'm seeing a potential trendline break here, so I'm going short. My Target is the DEMAND ZONE, and I will be adjusting my SL as we go based on Lower TF price action
BTC has formed an almost perfect double hump camel, a.k.a. the "Barfing Camel". There is alot of hype in the market. The BTC Camel is gonna lose it's lunch....Major correction is on its way.
As described in the video, I think there are break-out sellers and those who sold the supply zone. Trapped in the shorts and market will most likely not give a pullback down until it liquidates them hence I think the inverted supply zone is now support and we are going to hit the buy side this week. Always follow these rules - Accumulation / Manipulation /...
Morning folks, So, everything goes with the plan, although the upside bounce that we've discussed is stronger than we thought. It means that bearish long-term patterns are still valid, say on monthly chart, we do not consider short entry right now. Vice versa, there are a few bullish patterns might be formed intraday. First is reverse H&S with 67K neckline,...
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...
In a very practical and simple way, BTC is post halving and has formed not a large wyckoff reaccumulation structure. Buying in the test as described in the image would be a good swing trade opportunity. But be careful as the test could be a few thousand dollars higher than expected, so it is worth analyzing possible purchases in 15-minute chart analyses. I...
By mastering the art of decoding naked charts, free from the distractions of indicators, you'll unlock the secrets of the market and gain a profound understanding of the game. Many people tend to over analyze and complicate things. The truth is no one knows what direction the markets will go until price reveals its secrets. Price breaking above or below the red...
54K seems to be the most likely support level on the 4-hour chart for Bitcoin/USD. After that 52K . A drop to 48K seems unlikely . But possible. A reminder that this is the 4-Hour Chart. If you zoom out, you will notice that Bitcoin is not yet in a bear market. Technical Analysis tools used: Volume, Ichimoku Clouds, Fibonnaci Retracement, Volume Delta,...
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.
Technical Analysis and Outlook: Bitcoin has completed our Inner Coin Dip 57200 and rebounded strongly with renewed strength. Currently, the main barrier to further upside move is marked at 64000. It is expected to experience a pullback to retest a Key Sup 58300, which will lead to renewed a Bull Stage movement targeting the Mean Res of 64000, 66900, and beyond.
During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. The next morning I adjust the...
It's going long to $85,000 or at least $80,000 then its a strong sell to $28,000
Morning lads, Figured I'd share my view on BTC for the following weeks. There's a chance that instead of a channel, its a descending triangle on the daily, bringing prices to 50k. But Im gonna keep that in mind and hope we move up! This trade would help alts tremendously as well.. Trade thirsty, my friends..
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
Since price has held the 56666 area 10K below 66666 fulcrum level. Bias is tilted toward bullish/neutral. Dxy is currently skewed toward short due to oil and potential BOJ. NFP numbers coming in a bit light helps the case for Fed rate cuts to still transpire. That being said not looking for that until sept. Oil moving lower will potentially help USD CPI numbers...
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..
Bitcoin (BTCUSD) dropped on the Fed Rate Decision day near the 1W MA20 (green trend-line), the closest it has been to it since the week of October 16 2023 when it broke above it. This level is of considerable important for BTC as it is probably the most consistent Support historically during Bull Cycles. On this 1W time-frame analysis, you can see why that is. In...