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
...the latest action always takes priority. We didn't get the low volume weak retrace to 60-61k. Smells more like a spring than a lpsy. If true, then it was accumulation after all, as hard as it is for me to believe. It is what it is. The next retrace will be quite telling, aka the test. If its a weak dump, then it's worth a long.
BTC has built a strong base. All bullish PD Arrays are respected. and it's going for the liquidation above 75K ATH. Would be interesting to see if it will be a break out for the bull run or it will come back down to the range. ETFs have positive inflows, which is a good sign. Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity...
BTC production cost doubled during the halving. This is part of why I think it will be very difficult for price to be suppressed for very long. Smart miners simply would not allow any additional supply to be released far below this price. The best miners have cash and BTC reserves as well. This wedge should break to the upside soon, if not the cycle will go MUCH...
Greetings Traders, I wish to update you on my stance regarding BTC. Kindly refer to the attached video for insights into my current perspective on BTC and my forthcoming price projection. Please be reminded that trading crypto carries inherent risks, and this information does not constitute financial advice. Best regards, Lord Medz
Bitcoin is a descending channel and currently sitting at the upper range at area 67-78k. Next target if the upper range holds is to the major support demand zone at area 50-52K and the lower range of the channel.
D waves system is a private system and is used for counting correct waves and measuring the exact dynamics. BTCUSD is being reported as having bear spot in 68-69k zone. Price can be pushed down towards lower TL shown in the chart. This is not a financial advice.
The recent completion of Bitcoin’s halving has brought excitement among market watchers about what’s coming next. The focus shifts to the altcoin market, which many anticipate will experience significant growth. Renowned crypto analyst Robert Mercer notes that Bitcoin’s dominance is nearing a peak, suggesting the start of an altcoin season.
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.
My view on BTC in the following 4-12 weeks. We might see the new ATH at the end of July.
Hello there, The BTCUSD price is likely to drop towards the support levels of 69244-68648 and then potentially reverse its direction, aiming for the price target of 71234. It's a high-risk setup due to unclear support and resistance levels. The current market trend is uncertain, with prices moving within a range. For the price to rise, it needs to break above...
BTC possibly formed a giant cup and handle and breaking out?
Update: BULLISH: BTC has hit the monthly and weekly resistance zones. I have taken all profits off the table. ***BTCUSD slated inverted head and shoulders is still currently active. TARGET: 74k BEARISH: Bitcoin could go up in value, but many obstacles might prevent it from reaching or staying above $72,000. These include strict government rules,(U.S. DO NOT...
In this chart, I showcase my major Bullrun Rings since 2016. As stated on the chart, there have only been 2 failures that still resulted in a major upturn into new ATHs. The only failed trigger since inception was marked in Nov 2013 (not depicted). This saw a close above the green ring and then closed below two weeks later. Prior to this date, 4 additional targets...
Major moove today Wyckoff This is not a advice dyorr Enjoyy