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
Here's the pattern. Here's the channel. You know the drill. No further explanation required.
Chat is always one of the best indicators in markets and counter trading them usually ends very well - I'm of the belief our corrective low is in at 56k~ and we're going to new highs off here.
Dear Traders, In this analysis, I'll be sharing my perspective on BTC. By watching the accompanying video, you'll discover the key levels that, in my opinion, will signal whether the price is likely to move higher or lower. Disclaimer: The views and analysis presented by Lord MEDZ are for informational purposes only and should not be construed as financial...
The BTC/USD pair is indicating a potential selling opportunity, with a targeted sell zone identified at 64460. This level represents an area where sellers may consider entering the market, anticipating downward movement in the price of Bitcoin against the US dollar. Furthermore, technical analysis suggests two potential targets for this sell opportunity. The...
...the latest action always takes priority. We didn't get the low volume weak retrace to 60-61k. Smells more like a spring than a lpsy. If true, then it was accumulation after all, as hard as it is for me to believe. It is what it is. The next retrace will be quite telling, aka the test. If its a weak dump, then it's worth a long.
This is my first post in some time. As I stated before, I'm largely moving on from crypto. I'm still here, paying attention to the market. I've also created a site for my fiction writing. Eventually, I may migrate some of these posts over there as representations of my non-fiction speculative market analysis. Anyway, on to the important stuff. Bitcoin did not...
Look at this beauty! Its the F SAME PATTERN as in 2017. Even the previous correction has followed the EXACT fib levels. Given that: Whats gonna be next? --- If you like my content, if it helps you gain profit, give it a like! Thanks! --- Hold my beer pls ---- No financial advice, do your own research, don't be stupid
The nearest support zone is in the green box, which can help to change the trend. If there is no support, the following numbers will be activated again.
KAGI LONG POSITION reads $70,937 if equal lows is met then correct entry would be at $62,200. Despite the short position volume candles, even if it dips lower, kagi and volume will read same accordance at a later times because volume candles has a faster move than kagi. Let’s say volume or Heiken candles dip, Kagi will be about in the same zone while volume and...
Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: More than 4 years ago Bitcoin created a nice bullish ascending triangle formation and broke out above the resistance. This breakout was followed by a +270% move towards the upside. Currently Bitcoin is once again creating a similar ascending triangle...
This is my first published idea. Im not very tech savvy, but here goes. We are tracking a falling wedge and BTC corrected sharply, challenging the recently formed downward trend line. But now price action has mostly stalled over the last 10 hours. We are seeing bearish divergence on shorter TF's on the RSI and MACD. BTC is pressed right up against resistance...
Hey guys and girls, Here is an updated chart from my (Nov 12, 2023) post As you can see, this is only half of the battle! Further targets: $ 74k, $ 84k, and $ 100k Appendix: Structure: 5-3-5 (Inverted) Bitcoin halving countdown: 49 Days Technical Section: Wave 5 has two different relationships: 1- If wave 3 is less than 161.8% of wave 1 -----> the...
1- FIRST : For BTC İf we regard September-October2023 and From 28500 Dolar beginning To March 2024 Peak 73500 Dolar Level, we increased 45000 Dolar. normally %50 fibonacci retracement level works and its normal to decline 22500 Dolar from 73500 peak, that is 51000 Dolar. But in an uptrend usually Fibo 0.382 I mean % 38.2 retracement rule works. On the...
Hello traders. So here is where I am at with Bitcoin. The month after almost every halving is usually bullish. Saying that, I am looking for $60,600 to hold as support for Bitcoin to start the move up. I am bullish, and I am looking for Bitcoin to hit $90k or better before the month of May 2024 is over. I have consistently bought any dip of 10% or more. So...
Judging from the daily chart, the current rise of Bitcoin is blocked, and the price may continue its downward trend. At present, we are focusing on the resistance range of 64570-65540. If the price rebounds to this range and falls, the downward trend will continue. If the price breaks through 65540, it will continue to rise in the short term. Trading strategy:...
Time to buy. +16% coming. With the FED this afternoon and do to the liquidation of bitcoins, and also the area, very good support. Let´s see. blessings.
daily time frem trend break out 15 min ob restpect with retest NOTE- trade at your own risk