Due to Bitcoin's impulsive rise in the past few hours, we now believe that the low of wave (iv) in turquoise has already been established. The next step should be a sustained move above the resistance at $46 008. Nevertheless, our Target Zone between $40 323 and $33 374 remains on the chart. Bitcoin will still work through this Zone if it opts for our new...
In this BTC/USD analysis, we observe a consolidation pattern forming after a significant uptrend on the 15-minute chart, as depicted by the TradingView snapshot. The price is hovering near the $45,917.52 pivot point, with a slight bearish retracement. Notably, the Moving Average (MA) Ribbon indicates a strong uptrend with price action remaining above the 20, 50,...
Anticipated a breakout of the diamond pattern in BTCUSD during September/October 2023, projecting a move from 25-27k to the recently achieved 45k. Grounded in the November 2021 high of approximately 69k and the subsequent low of around 15k, the rally retracement aligns with the .618 Fibonacci level, residing near 48k. Check out the chart for a visual...
Is Bitcoin having is first major breakout of 2024? Here we can clearly see a classic bullish triangle breaking out to the up side. When the triangle is measured to its center split and the profit target is calculated I'm getting $46138.06 before finding some resistance.
Watch for a confirmed breakout pullback continuation pattern to the upside.
The BTCUSD chart displays a robust bullish trend over recent weeks, marked by consistent higher highs and higher lows—a classic bullish pattern. Notably, the 50-day EMA has proven itself as reliable pullback support, reinforcing positive sentiment among the bulls. With the price currently positioned above the EMA, it signals prevailing control by the...
BTC has experienced fluctuations due to recent news, briefly reaching around 30,000. Although it has retraced to approximately 28,000 for now, it's worth noting a bullish flag pattern, suggesting potential upward targets of:
30951.5
31869.0~32391.0
-
Taking a look at the chart:
BTC has tested the 28000 support level multiple times without breaking, indicating...
Bitcoin has once again taken center stage with a breathtaking 24-hour run that has left both enthusiasts and skeptics alike in awe. As the world wakes up to a new financial paradigm, it's imperative to delve into the factors fueling Bitcoin's surge and the broader implications for the global crypto market.
1. The Bitcoin Surge: A 24-Hour Odyssey:
Bitcoin's...
Hello,Friends!
The BB lower band is nearby so BITCOIN is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 44164.
✅LIKE AND COMMENT MY IDEAS✅
Last run - 30/12/23 - 14/01/24 ≈ 48000 - 52000 USDT
Pre-Halving Sell-Off and buy back zone - 14/01/24 - 14/02/24 ≈ 28000 - 33000 USDT
Accumulation Area - 14/02/24 - 10/04/24 ≈ 33000 - 45000 USDT
In the meantime, please share your interpretations of the chart and engage with me. Your likes are appreciated as they endorse my research.
Thank you.
We can see on the daily timetrame diversion has steadily been building on the RSI . Price is currently forming a deep crab harmonic pattern which coincidentally matches a 61.8% retrace from the previous all time high of BTCUSD.
I highly expect an initial push up to entry due to the ETF approval then a sell the news scenario.
Big "falling wedge" consolidation pattern for aprox a year Nov 2021 - October 2022 upside BREAKOUT and RETEST confirmation.
Since breakout, consistent higher highs indicating up-trend.
25300 is key resistance, with a weekly candle close above 25,300 , next immediate target could be 31,500, following with 36,900.
A weekly candle break below 22,800 may lead...
Bitcoin just broke the key resistance level of the mid 44k's establishing a new high of 21 month since April 2022.
The red circles on the chart indicate key breakout levels.
1) June 2023 the price rose above 26,800 with a daily candle close.
2) October 2023 the price rose above 31,400 with a daily candle close.
3) Jan 2024 the price rose above 44,700 with a...
Breaking out of the bull pennant after nearly a month of consolidation. I have been discussing this pennant for quite a while, so it is nice to see a break to the upside.
The target based on the measured move from the length of the flag is roughly $54,000. Targets rarely hit, anything can happen. But that's what the chart says.
Bitcoin is trading like there’s...
