Hello friends, in 1 hour, Bitcoin can move to the green arrow range by breaking the resistance, and by breaking the downward trend line, it can move to the red arrow range. So wait for pullback, either up or down
Bitcoin is currently in a sell zone, indicating a period where market indicators suggest it may be advantageous for investors to consider selling their Bitcoin holdings.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Daily trend shows the possibility for a new volume increase for BTCUSDT.
We will follow up in the coming time frames if BTC gets new confirmation.
This is a daily update and depend not on the long term.
The recent price action of BINANCE:BTCUSDT.P on both weekly and daily timeframes has formed a pattern resembling a Head and Shoulders (H&S) reversal pattern. However, due to the prevalent nature of this formation, it's crucial to exercise caution as such patterns can be deceptive and not always reliable indicators of future price movements.
Assuming the H&S...
I wasnt posting any ideas because BTC was only
going up, but today i see some clues for
correction,first one is liqudations areas, we dont
have much liqudations clusters to 57k,
maybe we should visit first there we have liqudations
of shorts at 62500-64k
Here is Level of important (based on Esoterically view) Number = 66000 (66 -short code of 666).
That level will be reached IF BTC break 64K. Otherwise all dotted arrows (couple of each were hit) show downside target.
Good Luck!
BTC Update: 01.03.2024
Bitcoin has undergone a soft retracement but remains bullish. If the current 4H candle closes and confirms a breakout above $62,613, we can expect a leg up. The next resistance level is $64,854. If Bitcoin breaks through this resistance, we'll likely see the next take profit target at $73,076
In November 2022 , a prevailing pessimism gripped the global economic community. Economists worldwide found themselves adopting a cautious stance, with many refraining from making investments. Even enthusiasts of cryptocurrency hesitated, holding out for more favorable prices, typically around $10,000 . Some individuals did make purchases when prices hit rock...
This is a very simple statement.
Bitcoin has broken into a New higher channel. But--------
BITCOIN IS OVER BOUGHT NOW - in fact, if you look at the MACD ( top indicator ) it is higher than it has been since Nov 2021. Added to this, the StochRSI is also overbought.
The Odds are so in favour of a pull back now.
But will it happen ?
Something that this chart...
AS you see ATH Bitcoin Is Very important Resistance that if can break it we van reach to next target but if not bitcoin can start retracement to 42000$ support.
Sum tools decolored on chart to become much more visible.
In my humble opinion, it should work
At the moment, we can talk about the formation of the "cup" pattern
In the not-too-distant future, we'll see handle
Its been a while no bull would long BINANCE:BTCUSD BTC with confidence in a high inflation environment with hawkish interest rates making it hard for the bulls to get out of 25 to 30k range.
Now after the fed signaled a pause of rate hikes and economic aggregates are turning to be positive, the stock market showed a significant resistance especially in...
We are witnessing history, fellow zoomers. Bitcoin will smash through 70k and it's not stopping there. This is the future of money, and we are the pioneers. 💯💯💯
Don't listen to the boomers and the fudders. They are scared of change and innovation. They don't understand the power of decentralization and cryptography. They are stuck in the past, while we are...
