Because of Friday’s sharp sell-off, we now consider it to be 45% likely that Bitcoin will reach our turquoise Target Zone between $40 323 and $35 374, after all, to establish the low of wave alt. (iv) in turquoise. For this alternative scenario, the support at $41 445 acts as a validation mark, which means that if the price slips significantly below this mark, we...
See my trading setup for Bitcon here. You can see which TPs have been hit and which have not yet. Please note that this is a Swing trade and not a day trade of a scalpe trade.
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Everything on the chart.
We got downward impulse after correction waiting for continuation.
Who wanna try to short -
Entry: 44500 - 46k
Target zone: 38 - 36k
Stop: ~49k (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to...
DWEB squared BTC, geometry and Gann fan from tangents.
The tangents where built from DWEB, giving the radius of the blue circle you see in the chart.
Using the scale on the right side you can slide the scale to fit the circle to price and/or nodes.
This scaling is important and you will see that not only did I catch the ATH, but was able to show a tangent to...
The last week brought much-awaited Bitcoin Spot ETF approval in the United States. However, despite the highly bullish expectations of the majority of market participants, no significant rally took place. Instead, Bitcoin has lost about 15% since its high on Thursday, which marked the day when multiple new Bitcoin ETF products started to float on the market. At...
Bitcoin close a candle below the daily 50 MA for the first time since last September, when price was in the mid $20ks. This is not ideal. Today's candle is retesting it as resistance, so we REALLY want to see bulls push it back above and make this a deviation.
Not much else to see here. Obviously Bitcoin looks week, with altcoins stealing the show.
Not the move that ETF bulls were looking for, but also not surprising with GBTC now unlocked and putting selling pressure on the market.
Technicals at the moment indicate that more downside is likely.
The weekly candle closed as a shooting star , a candle with a long wick up and red body. This is often the signal of a weakening or ending uptrend. This also...
On January 11, the highly publicized Bitcoin ETF began trading after it was officially approved by the SEC. On this day, the price of Bitcoin exceeded USD 48,800, as shown by the chart. Bloomberg writes that new US spot funds achieved net inflows of USD 819 million in the first two days of trading.
However, from the high on January 11, a dizzying fall began, and...
Good morning, new week, new luck. Bitcoin is trading below its range (orange box) at around $42,700 and doesn't seem to want to rise.
After the bumpy start of the Bitcoin ETF and the so-called "Bulltrap" on the first trading day, Bitcoin was heavily sold off and pretty much broke every internal support.
In the end, exactly the scenario we talked about for days...
Morning folks,
So, indeed market has shown upside action to 49K after our last update, but later has broken, as we said, vital area for the bulls. For now ETF approvement doesn't fit to expectations much. In general, BTC has dropped for ~8%.
But, at the same time - let's do not overreact on this. Yes, drop is significant, but it doesn't break major upside...
The new week is here, and the first day is looking promising for bulls, but is it enough for a push??
Let's be honest here: prices were way to high and still are (pre-halving push is not good for BTC)
We are seeing this as a nice start of downward movement here and we see almost zero to none chances of price reaching $50K as of now (but who knows, we might...
The 4HR RSI has a divergence on candle closes, also the 4HR MACD has an upwards cross happening. I laid out the retracement Fibs my guess is that it'll go somewhere between the 1.618 or 1.786, then pivot again bearish, making a right shoulder on the chart.
Alternatively, if it somehow becomes more bullish, it could hit the top Trend line forming another larger...
A long awaited first spot BTC ETF was finally approved by the SEC. Majority of analysts were expecting that the price of BTC would skyrocket after the final approval, but it was not what happened during the previous week. Namely, the price of BTC moved away from the $45K resistance line. This situation occurred considering that the latest push in BTC`s price...
Hola mamacotas, looks like bitcoin is going to find some lower price levels. Just place some long and short trades before ATH. Or only go for the last wave. You make the most profit if you trade the waves. Also use your stoploss!!!
We can clearly see in this chart that the price has reached the upper boundary of a bullish channel, where it would encounter selling pressure.
As a result of this selling pressure, the price on Friday, January 12th, formed a bearish impulsive candle. Following this candle, it managed to break below the short-term bullish trendline that the price had respected in...
Considering the current deep discount price of Bitcoin, it's tempting to go long, especially after the recent 70% rally. Instead, I plan to wait for a few days to assess whether Bitcoin's price will experience a decline or if it will continue to surge into premium levels. While the current market conditions might seem opportune, it's crucial to acknowledge that...
Given that we had a reaction from the monthly range eq, I'd ideally like price to visit near RL. Considering btc has been pumping nonstop for months, it would be healthy to have some form of correction and cooldown period.
