BTC recorded 38,559 on Kucoin exchange on January 23 2024.
Never say never but I say this without pride:
BTC will never cross below 38,555 until either Miners stop mining or until the Apocalypse
I erased all of my other info and just placed the green highlight to show the path.
Target is December 2024
Purely price-driven, this concise analysis deciphers the pre-rally puzzle. Explore key price action insights for a quick understanding of the groundwork before the surge. #BitcoinAnalysis
Bitcoin (BTC) is currently displaying a head and shoulders pattern on the 2-hour timeframe. Confirmation of this pattern requires a candle to close below the neckline. If this occurs, there is potential for a nearly 13% drop in accordance with the pattern. We are eagerly awaiting the next 43 minutes for the candle to close to assess the situation. Stay tuned for...
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Bitcoin 30-minute chart.
There is an indicator announcement today on Nasdaq at 11:45.
A little short of my goal of 40.6K
It looks like there...
Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Consolidation Phase as an Corrective Pattern in Short Time Frame. Completed Break of Structure with Retracement. Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line to completed its " C " Corrective Wave
I have showed a multitude of my own blue and grey charts of late, but want to revisit the Trading Alpha indicator that has become my go to way to screen and analyze the market.
As you can see, the daily chart is still all around bearish, showing red dots and price trading below the track line, which is also now red. As you can also see, Trading Alpha offered a...
Upon completion of (wave d), the last leg of the corrective pattern (wave e) has been triggered.
(Wave e) Possible Targets:
1. $373xx (61.8% of a), or
2. $301xx (100%), unfortunately!
(Wave d) of the "neutral triangle" was a Zigzag wave and lasted 2yrs+
#btc #btcusd #Bitcoin CRYPTOCAP:BTC
On this 1W analysis we see Bitcoin's (BTCUSD) amazing symmetry through its historic Cycles. A symmetry which upto this date, is holding and we will explain why right away.
Before we begin, note that the current study can be used in combination with our legendary Golden 51%-49% Ratio publications shown below:
** Three Cycle Phases **
Now as to the...
Hello, friends! As you may recall, I recently shared with you a few scenarios I was anticipating, and I'm thrilled to report that we are precisely following these directions! 🚀
Now, let's dive a bit into the world of cryptocurrencies🌐
Let's share our thoughts on BTC, our favorite superhero of the crypto market! In fact, we are currently experiencing quite an...
While Bitcoin had a smaller correction yesterday, it has tested that broken zone as of now (but there has been no significant movement there as of now).
We are still keeping an eye on that potential upper zone to be repaired (which means a breakout from a broken zone).
If everything plays out nicely, we will see a very nice downward movement, for sure!
Swallow Team
Btc The technical picture now is more bearish as the decline from the 20-month high reached two weeks ago has continued, with the price trading above the big round number at $40,000 and breaking above some resistance levels which have now likely flipped to become resistance.
Despite this bearishness, over the past couple of days the price has firmed up and...
despite recent bullish momentum, we are trading within the original bearish wedge, and it looks like we are printing an interesting 2 week candlestick pattern right as the wedge pinches together. rsi is at 75% (highest since 2020,) indicating a reversal coming soon, i anticipate we will retest the ribbon wedge area around 28k, and then we will see how this pinch...
Morning folks,
So, BTC was not strong enough to form H&S and just collapsed lower. Now finally we get patterns that could become a starting point for pullback.
Here is 4H 3-Drive Buy pattern that has minor reverse H&S on the bottom. We suggest that it is possible to consider long position because now it is accompanied with reasonable risk.
We see 45K level as...
