Bitcoin is setting up for a reversal, A WEEKLY DOJI CANDLE in the making.
Could end of ETF Approval be the local top?
Daily close below $43k, we lose momentum.
Hi Investors/traders
Today I'm looking at the 2 week chart of BTC on a line chart. We are comparing the bear markets with a bull flag out look. Although they are NOT technical bull flags they bare some similarities with the support and resistance areas along with false breakouts. We will go over false break outs and they usually mean and result in.
There are...
This is the dip! If you wait, you might fomo at 50k. Fomo is a hell of a thing.
Hash ribbons already printed a buy weeks back.
NVT Is now preparing for the meal to come. The feast on FIAT will be glorious especially while the bears sit and watch. Not the Chicago Bears but the bear market blues drummers. They're going to starve this winter as the summer was not...
Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe and speedlines to analyze the year ahead, breaking 2024 up in to 4 quarters. From here we move down to lower timeframe for microscopic analysis and trade entries on lower timeframe. Higher timeframe trendline, speedlines, Fibonacci or Pivot Points remain longer...
We are expecting Bull Run Now. SL and TP are given to the chart. Aggresive traders can go for buy now. And Others can wait for pullback to buy at the entry price. All the trade setups in the channel are provided with result.
Here we can see the price consolidating on the weekly chart, trading near a resistance with bullish momentum increasing, and forming a triangle. If the price break the resistance I anticipate a move higher as indicated with the up arrow. As I consider all possible moves the price can make I have a bearish move as my alternative and the probability that the price...
Spot bitcoin ETFs begin trading on US exchanges: On Wednesday, the SEC approved the launch of 11 spot bitcoin ETFs, and trading launched on Thursday. The approval of US-based spot bitcoin ETFs marked a historic day for bitcoin and crypto as a whole, opening the door to an entirely new set of retail and institutional investors. As trading started Thursday...
Reversal in process with breakthrough wedge. BTC with plenty of BULL confirmation since 1/11.
The BULLPEN is getting looser.
STILL WITHIN OUR ATR RED ZONE. Money flow index is low and has plunging power.
predictions for next few days on bitcoin, if btc can hold this level, good chance to crab or reverse into a new local top at the fib levels (depending on the severity of the positive price action), with the etf models may be less predictive, but btc etf flows from here are likely to be priced in over time rather than all at once (and already has been to a large...
