Two smart money trend lines which I traced. Triangle has ATR measurements. New triangle strategy. Follow the trend, see how you can migrate triangle with candlesticks. Use your imagination.
I my opinion BTC is about to go higher after what seemed to be a corrective move. However, I don't trade crypto, this is just me looking at the charts and price action, every market has its behavior.
Bitcoin (BTC/USD) is rising towards the pivot and could potentially reverse from this level to the 1st support. Pivot: 67,226.54 1st Support: 64,695.46 1st Resistance: 68,647.05 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Since the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There...
Bitcoin (BTC) experienced a dramatic market shift as its total liquidations surged to $97.06 million, driven by $10.98 million in long positions and a staggering $85.08 million in short positions being wiped out. The sudden price increase caused over $260 million in market-wide short liquidations on May 20, the largest since February 28th. Ethereum (ETH) shorts...
We have a diamond forming that will take us towards my target of 63,300 or so before towards 70k after 67.5k of course Let's hope for us options traders we get the up fast... come on candles!
Dow theory stands out as one of the most revered theories in the history of financial markets. Whether you're engaged in intraday trading, short-term trading, or long-term investment, understanding this theory is bound to help you formulate diverse strategies. Originally crafted by Charles Dow in the late 1800s, Dow Theory, also known as Dow Jones Theory, has...
BTC/USD is falling towards a support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 65,136.71 Why we like it: There is an overlap support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 63,421.66 Why we like it: There is a pullback...
Overview As of the current market state, Bitcoin (BTC/USD) is trading at $67,046.70. The market exhibits a bullish bias, with the price action indicating a potential upward trajectory. Below, we delve into the technical indicators, candlestick patterns, and market sentiment to provide a comprehensive analysis. Candlestick Analysis The daily chart reveals a...
The correlation of Bitcoin with "17" can be interpreted in a couple of interesting ways based on recent data. 1. **Correlation with the S&P 500**: Historically, Bitcoin has had a low correlation with traditional equity markets, including the S&P 500. Over the past decade, this correlation has averaged around 0.17, suggesting that Bitcoin's price movements have...
BTC USD short we have confirm bos, LL and LH Timeframe 4H strategy : Smart Money Concept
Hey guys and girls, Here is an updated chart from my (Nov 12, 2023) post As you can see, this is only half of the battle! Further targets: $ 74k, $ 84k, and $ 100k Appendix: Structure: 5-3-5 (Inverted) Bitcoin halving countdown: 49 Days Technical Section: Wave 5 has two different relationships: 1- If wave 3 is less than 161.8% of wave 1 -----> the...
Bitcoin (BTCUSD) is trading within the Rally Channel (green) with the price having already reached its bottom, making the 2nd Higher Low of the pattern. This is the very same pattern that emerged in the previous Cycle after the Growth Channel Up and took BTC to its new All Time High (ATH) at the time. Both Growth Channels had a crash event below them, the...
Observe the daily on log mode. Notice the two prior fractals that show the same thing happening. Massive last minute accumulation occurring as I type this. We are headed to 90k - 120k over this summer. Next leg up. Not financial advice.
The price of Bitcoin as the main currency of the digital currency market has stopped at its annual ceiling, and this stop can be seen as the price change and the entry of new investors and holders. Bitcoin shows an increase again to above 70,000 dollars, in this analysis I put the target at the price of 70,000. The time I consider in this analysis is about two months
Hello, traders and investors!🫶 I'm glad to welcome You to my page! Today I wanna share with You a possible key to understanding Bitcoin's movements. In the world of finance, there are often questions about why asset prices behave the way they do. Some seem chaotic and unpredictable, but there is always a certain logic behind them, the main thing is to want to see...
Everything makes sense to me again. This has been distribution all along. Institutions are not going to let retail long and make money this easily, its always the other way around. This idea that resonates with me the most. I've tried numerous attempts to paint a long picture but each time something feels a little off. But zooming out to the daily and labelling a...
Medium-term analysis of COINBASE:BTCUSD indicates that the price is poised to surge towards new all-time highs, with a probability of 65.28%! Let's get into the underlying reasons for this: 1. The current status on the "1D" timeframe is "Active," indicating that the price has already reached and touched the 50% equilibrium level on the current timeframe. 2....