In a previous post I showed how the correlation of BTC up moves and the halving may be an illusion since it's simple to look at pretty much anything that's up trended over a 10 yr period, mark in the dates of the halving and they're about as accurate as the correlation with BTC. BTC has generally up trended over 10 years. To say an event is significant because...
Bitcoin is yet to be back in it's 60s on a weekly timeframe after massive liquidity moved to lower zones (toward the middle line of Bollinger Bands). We are not keeping an eye on potential further movement to lower zones, but the current weekly opening seems promising only for bulls. Despite that, we are below the major resistance zone, so we do not see any...
Hey, I am not promoting the idea of a possible double top, but the reality is that adjusted for inflation Bitcoin has failed to make a new high from three years ago, despite halving, despite ETFs. Just something to think about if you want to be honest with yourself, huh?
The 21 week MA was tagged last Wednesday for CRYPTOCAP:BTC Watching the 21 week SMA & 50 week SMA can serve as a great medium term risk gauge for Bitcoin Crosses of these moving averages have been decent 🟢buy &🔴sell signals to date The 21 week SMA held for the 2015/17 bull run, and it holds today. All the same I would not be surprised to see price...
Hi everybody. The H4 setup shows strong resistance from the market with bears holding the price amid corrections and sell-offs. It stalled after a decline around the $57,718 mark reaching the price channel limit, with the current trend an upside is possible but unlikely to last long as it approaches the resistance level. In such a scenario, the technical down...
Looks like BTC is bouncing off a potential demand. Going long with SL 62364 and TP 65188
Bears will dominate still, but not too far. The analysis is from a system called D waves. This is not financial advice.
Over the next five months, from May to September, Bitcoin is poised to undergo what I term the "BTC after Halving effects." This phase is not only anticipated to test Bitcoin's resilience but also challenge the resolve of weak holders, as the current price is likely to experience a pullback. However, the extent of this pullback remains uncertain, especially with...
Despite the recent push upwards, we are still very much in a downward channel. Just look how perfectly the prices align to it and how quickly a break to the downside was bought up. I dont see we are out of the woods yet in the long term unless this channel gets broken to the upside and price stays clear of reentering. I myself would try to enter longs on the...
Whos ready for the next leg up? Spring of the accumulation is here and we are looking bullish
AB=CD Harmonics Pattern in Bitcoin /USD defined entry ,stop loss and take profit on daily time frame
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:...
Hello all dear traders! A potential peak at the $74,000 region has pushed BTCUSD into a downward correction following a technical bearish wave pattern. From the 1W chart, the support at $65,500 failed to turn BTCUSD around and the downtrend continued. Both short-term and medium-term prospects show that the bearish trend is gradually strengthening. If the...
Hello everyone Maybe I should have waited and see what will happen but I really want to give you all of my ideas. BTC is in wave 4 (The worst corrective pattern) and so we should wait to get a reliable confirmation to get in. This idea is not very strong but just keep it in mind. One of my annoying problems is that Altcoins do not have much more chance to...
In a bustling town nestled by the sea, there was a young trader named Kira. Her dream was to navigate the vast and unpredictable market waters, much like a seasoned fisherman seeking the best catch. Her mentor, an old trader named Captain Renzo, often spoke of the market as a treacherous sea full of challenges and opportunities. "Ahoy, Kira!" Captain Renzo would...
In addition to my 1D bull flag chart, here's my 4hr chart. Trendline galore.
The trend line has been hit and bounced, we're going up lads 🚀🚀
Looks like the correction is probably complete here and we're starting our next impulse leg, Still expecting this to cycle top Nov/Dec this year around 130-150k~