#Bitcoin is trading at a decisive point. If this support level breaks, we could drop all the way down to $52k. The trend has shifted bearish, but don't forget that Bitcoin is known for making deviations. Historically, May tends to be a negative month for BTC in terms of returns, and we're already seeing the effects within the first two days. Let's see how this...
I see 2 strong bearish patterns on Bitcoin chart on a daily. The price broke and closed below a support line of a wide horizontal range. Within the range, the market also formed an inverted cup & handle formation. Its neckline was also broken. These bearish signals make me think that BTC may easily drop lower. Closest support - 53200 ❤️Please, support my...
Hello, dear friends! 😊The cryptocurrency market continue declining rapidly. Of course, Bitcoin is doing the same.🔻 I've shown You on my chart, what we might expect in the next week or two.👇 In the photo ⚪️ below is a typical price movement, breaking out of the triangle downward. Taken from a technical analysis book.📖 I think we can expect something similar....
Hello, dear friends! I hope You're having a great weekend!🫶 Today it happened! The halving has occurred. The price hasn't reacted yet. And that means that significant movement awaits us ahead! How are You feeling? Will bulls or bears dominate the market? I wanna share with You one of the possible scenarios for price behavior in the near future. What do You...
This is an update to my previous Bitcoin short idea. Price reached above 50% of the range which means it has reached the minimum premium for shorts being viable. I will monitor price action in the current Daily Order Block and see if we move lower from here. There is a resistance trendline with Buyside liquidity so we may still reach higher into the zone from my...
Wave 2 was slow and therefore wave 4 is sharp. It will be up to $50,000. Further there will be growth even up to $100,000 perhaps. Psychological level I'm an artist, that's how I see it.
77,000 next or vaccations to 37k. #bitcoin (buy at 77,000 or wait for 37K) 7s
This is a very simple observation analysis. If you'd like to read a more in depth and back dated analysis on why BTC might make a big drop, see the two posts below. Here's the simple observation. One anyone can make. In all instances we can see in the last 10 years of BTC trading, when there's been a big bearish engulfing candle at the top of a parabolic...
Bitcoin has been in Distribution, and it may have formed a Lower Peak within this consolidation. The idea is to short Bitcoin to the major Demand Zone below. 1. Enter - around $63500 2. Stop - above Lower Peak 3. Target - Demand Zone 4. RR = 3
Bitcoin (BTCUSD) almost tested the Higher Lows trend-line that started on the October 12 2023 Low, which is technically the bottom of the 6-month Bullish Megaphone pattern. Having a notable Resistance on the 1D MA50 (red trend-line), which is where BTC last failed to make its bullish break-out, if this level holds, then we can expect a strong Bullish Leg such as...
Ironically my MacBook hard restarted whilst I was uploading a very valuable video I'd just made. Other than the frustration of losing all of that valuable shared information, it brought up a relevant topic that is crucial to serious traders...technology This is in line within the preparation stages of our live course as having the correct hardware setup will...
April Became the Worst Month for BTC/USD Since November 2022 In November 2022, the BTC/USD price dropped by 16.20%. The main driver of this decline was the crash of the FTX exchange. In April 2024, the price of Bitcoin decreased by 14.77%. Paradoxically, the main news event could be considered the halving, which occurs every 4 years and is considered a bullish...
Just analyzing the charts and noticed next price target
Let see if btc will break the overall trendline.. Im expecting a bounce from 56k to 70k.
This is just a simple idea, but I think, this could be happen in HTF. Cup and Handle forming now? Actually I'm in the accumulating zone is indicated in the chart, I will buy btc in SPOT only. This is not the perfect time for leverages trading or just low lev. Let's see how this work
In the dynamic world of cryptocurrency trading, seizing the right moment is paramount. As the BTCUSD pair opens with a sell opportunity at the price of $57,575.74, it presents a strategic entry point for traders seeking to capitalize on market movements. With precision, the suggested sell position at $57,575.84 offers a calculated approach to potential gains. To...
With the price having broken down from the 200-day Moving Average (200MA) and the Relative Strength Index (RSI) turning down from the overbought level, the price action on Bitcoin is signaling increasing strength for a possible reversal. However, to continue trading significantly lower, BTCUSD would have to break through the price area of 51,000 and 56,000. And...