Based on my latest analysis using the Ichimoku system, I highlighted the levels that #BTC left behind without touching them. As a typical correction after forming a valid high, and seeing a red komu, BTC will see a correction up to 0.618 of the previous downtrend wave, and probably a hunt, and then continue its own way to $35k or finally hunting FWB:27K -$30k
This is the continuation of a long thread of updated that I started in June 2023, shortly after completion of wave 2 of the current market cycle that should take bitcoin way past the existing high of 2021. The third wave is well in progress having perhaps reached half of its potential.
If you day trade, these are the weekly supports and resistances. The overall chart is Bullish, so I wouldn't try to short. I would try to zoom into shorter time range and buy at supports. Never try to short in a bull market. Never try to catch the falling knives in a bear market. I'm personally holding spots until next year. Goodluck everyone.
Whales have been manipulating Bitcoin in a Wyckoff Distribution schematic since 12/5/23 (before the GBTC and FTX sell off.) Currently: 🚨 Bitcoin dropped below bottom of Trading Range to create a Sign of Weakness in Phase D. 🚨 Bitcoin flipped the bottom of the Trading Range at $40,150 to resistance and created its final Last Point of Supply for shorts to enter. 🚨...
After the Bitcoin ETF was approved there was a 2nd Upthrust After Distribution to test remaining demand. 🚨 Supply was dominant and within 24 hours it was a "buy the rumor, sell the news event." 🚨 Bitcoin re-entered the Wyckoff trading range. 🚨 A small bounce created a Last Point of Supply, which is the ideal entry for a short position.
ok guys, lets check out some simple support & resistance. as you can see from this chart BTC has touched this trend line many times.. so what comes next? probabilities tell us to the down side. so lets wait & see. patients...
Traders, First important question. Where it come from? Is it coming from a true supply? Yes. Potential sell at: 44400-44600 Stop loss at 44770 Target :open until next update. Good luck
It's amazing to me how chartists in all their voodoo chart like somehow imaginary lines create value. All this really shows to me is computer algorithms are doing most of the trading. It doesn't give the underlying asset value.
Bitcoin is currently displaying notable strength in the market. Despite encountering several sell walls recently, the leading cryptocurrency has successfully broken through each one. The buying power has proven to be stronger than the sell walls, even after experiencing a significant drop from 49,000 to 38,500. This decline aligns with the expectations of most...
Bitcoin is crossing over the 1D MA50, negating the previous bearish trend, by turning the 1D technical outlook neutral (RSI = 54.571, MACD = -301.200, ADX = 35.239). If the 1D candle closes over the 1D MA50, then we expect a bullish breakout like the one on June 20th 2023, which hit the previous High of the Channel Up (R1 level). Consequently we will go long if...
This chart has mapped the progress based on Gann. Zoom in and out 4 hour - daily
Just peep what I'm saying & try to see what I see... It's PURE PRICE ACTION!!!! _SnipeGoat_ _TheeCandleReadingGURU_
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Updated next targets, risk reward ratio means for me to stay within the green zone. Red zone means potential danger. Meantime I still have to create an idea showing where will it dip if there’s one. Potential drop to center white wave with a move up. Bottom blue wave measure shows trend in preparation to move up ⬆️ although we have to expect candlesticks to meet...
due to. sell pressure below the 38.2 Fib level on a macro, opinion is to the downside between$38K- FWB:36K
crypto market The forex market allows participants, such as banks and individuals, to buy, sell or exchange currencies for both hedging and speculative purposes.
CRYPTOCAP:BTC Bitcoin price action has respected this rising Channel since October 2023. Current Price: 43600 Bearish Divergences forming on the daily time frame and so there's a greater likelihood of retracement. Down Supports: 42200, 40900, 39300, 37500 Above Resistances: 45600, 47500
Market analysis for AUD/USD, DXY, XAU/USD - Market rotations and future predictions for this week.