Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...
With all the uncertainty surrounding the external factors holding down Bitcoin and the similar picture we see being painted from past cycles - we are in for a downturn in my opinion to shake out the rest of this leverage in the system. ETF buying positions will start to not look so fantastic in a few weeks.
I will post a full detail report later on my thesis...
What I'm watching on Bitcoin
1. A move above the 21 DSMA
2. OBV break up or down
On Balance Volume (OBV) has shown itself to be an very useful metric to monitor in the recent daily timeframes for BTC. Something to keep a close eye on.
Remember the chart?
Seems like it is going in the right direction.
Crypto is definitely different from energy commodities. Bigger waves are more densely packed with subwaves resulting in higher proportion of abc/wxy to impulse waves IMHO.
Based on price actions. The price can rise to 64500 levels then fall to 61500 and rises it again up to 67500 and above.
I used support and resistance trend channel.
Technical Analysis and Outlook:
Bitcoin's trading this week has been volatile, fluctuating around our Mean Resistance level of 65600. Our Key Support level of 61300 will likely soon be retested once again, which could serve as a launching pad for a new Bull Stage rally. The target for this rally would be the newly established Mean Resistance level of 66900 and beyond.
📊It's been a while since we analyzed Bitcoin and the market in general. Here's what we have now:
💰Bitcoin is still holding near its all-time high (ATH). The trend is still bullish. Weekly candles are closing with large wicks , indicating buyer presence. However, we've seen a rapid price acceleration towards ATH, accompanied by significant volume, which could...
BTC: will this just a channel consolidation and will come back
-Fibo golden rate 0.618 zone.
-Key level support.
-Demand zone.
-ABCD pattern.
-Volume support.
Just some analysis what will going BTCUSD. Im Entry on Buy for this pair since there have strong Sopport zone at this level and rejection candle on bottom as reversal. I Xpek BTCUSD will uptrend on this Asia Season until London Season. 1H Entry on 15Mnt
This review was done in Time Monthly and it is only my personal opinion, and it is not the basis for decision
At first glance, according to the past information, and the type of movement of candles, if we are to consider a similar behavior for Bitcoin, a 55% correction and a 77% correction can be considered. But when this movement is done , that the area of 42 to...
Bitcoin on a 30 minute chart fell with reports of the Israeli active retaliatory strikes in the
heart of Iran's military and industrial infrastructure in a unilateral action. Iraq has not launched
a responsive action as yet. On the chart, price had been stable and sideways in the 64000
range but fell to about 6000 and then recovered to nearly 62,000. I see...
CRYPTOCAP:BTC VIP Analysis
APRIL 26, 2024
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BIAS:
Mid-Term: BULLISH
Short-Term: BEARISH
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The price action on the H1 timeframe level of CRYPTOCAP:BTC as expected played out its Rising Wedge pattern level and the price action filled out half of its FVG gap level too.
Currently, the price action is consolidating at its Horizontal Support level which is marked...
