Last week's candle close was a small doji, showing indecision and a lack of movement. The candle opened and closed within a $200 range. That usually shows that the market is pausing and that the next candle will likely give clarity.
The $40,000 area has become increasingly more important, as price tests the area repeatedly.
Bulls want to see this line in the...
Ok, maxis can start making fun of it because 10k is shown on the chart, but I'm a trader and I trade probabilities. Even if the idea is correct, it won't get there straight and it won't get there in one month.
We have three untapped yearly vwaps since 2016, both identified on the chart. I think the first one (at 28k) will come between march and july.
The second...
Hello everyone, I wanted to provide an update on our Elliott count.
I need to summarize why it's an 'ending diagonal' by going back to the beginning of the story. Normally, what Erenus and I were expecting was for the price to continue with momentum after completing the Blue 3-4. However, the image gradually turned negative due to both the loss of price momentum...
BTC is in a Bear Rally to take out hidden liquidity on the Daily time interval. When it is filled in the Weekly Orderblok, the price will head lower to fill the unfilled Weekly range below at a price 7200$.
When the Weekly range is filled by 50% or more, the next Bull run will start and head to take All-Time Highs.
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BTC Daily Plan:
• I expect lower to come on BTC. I am Bearish today based off my TA, which shows lower to come.
Context:
• My Elliott Wave Count shows BTC will break below 40k.
• Mini range breaks to downside.
• Double bottom on BTC.
• Low missed by $4 Bybit.
• Gives Bearish...
Bitcoin (BTC) is struggling on Monday morning to keep its head above volatile waters, trading at $40,000, after its value fell last week. A decline in open interest by large-wallet investors (popularly known as whales), coupled with an increase of their Tether (USDT) reserves on Bitfinex, suggests that the bullish trend for BTC price could extend in the uptrend term.
Over the past week, Bitcoin's performance leaned towards the bearish side, with its price struggling to maintain stability above the critical $40K mark. The cryptocurrency experienced several dips below this level, hinting at a potential descent towards the $38K support line if the downtrend continues.
On the technical front, Bitcoin's journey into the bearish...
Morning folks,
This update is better to watch with the previous one, so you better understand what we're talking about...
So, BTC has slipped a bit lower. This is not yet the action that we've discussed in our previous scenario. With this downside action now the H&S pattern on 4H chart starts looking even better.
Today we consider upside background that is a...
During the last two weeks BTC is going through a reality check. The price which reached levels below the FWB:49K before the approval of the first BTC ETF was mainly supported by the speculative money, in a quest for a high profits during the short period of time. This was certainly not good for the BTC, as it triggered a significant volatility after the approval...
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Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 12 o'clock tonight.
The beat's pattern and support line are broken and...
With a Triple Top, its looking very likely this will breakdown tonight especially with 7.5 billion dollars of options expiring today and max pain level of 33k we would be looking at a 24hr 10k Dump in Progress, 2024 is year of the Bear as Blackrock prepares to capitulate long term Hodlers who didnt get in before 2015
Trading Forex and Bitcoin with CFDs: How Does It Work?
In the dynamic world of financial markets, currencies and cryptocurrencies represent two distinct assets with unique characteristics. This article aims to demystify these popular trading avenues, focusing on their mechanisms, risks, and opportunities. As we delve deeper, we'll compare forex trading with...
If over the next couple of months we move below the EMA 20 (at around 37k by then), it suggests we could go lower, even below the EMA 55 ( maybe around 25k towards the 3 quarter of this year )
I dont know if its too likely we'll reach any new ATHs till at least 2025-2026 sometime, but go ahead. make my day.
Current Scenario: Bitcoin experiences a 1% decline, signaling a bearish start to the week.
Support Test: There's a growing challenge to the FWB:41K support zone and the support trendline.
Potential Crash Alert: Warnings of a possible dip to $38K are emerging.
Market Influence: Lack of positive impact from S&P 500's two-year high.
Crypto Market Cap Situation:...
Bitcoin (BTC/USD) is falling towards a pullback support and could potentially break under this level to fall towards our take-profit target.
Entry: 40,623.88
Why we like it:
There is a potential breakout level
Stop Loss: 42,102.10
Why we like it:
There is a pullback resistance level
Take Profit: 38,337.81
Why we like it:
There is an overlap support that aligns...
