The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC!
It's also...
Bitcoin crashed significantly, as I warned you in one of my previous analyses:
What now? Is the crash over? I don't think so! The halving event is in a few days, and huge volatility is expected. The problem is that below the current price, we have a double bottom pattern, and there is a lot of liquidity that whales need for their huge buy orders. It's really...
Today, BTCUSDT continues its downward corrective movement, trading around the EMA 34 and 89 lines, currently hovering around the $63,790 mark.
My trading idea for BTCUSDT is as follows, with parameters marked on the chart:
Sell BTCUSD:
Stop Loss (SL): $65,000 USD
Take Profit 1 (TP1): $62,100 USD
Take Profit 2 (TP2): $59,700 USD.
Please note that this is just a...
This is a strong scenario right now and something we have all been wondering...
How are you feeling today?
With so many Altcoins now really strong but yet to complete their bullish cycle and Bitcoin ultra-bullish, it calls for additional growth many people say...
I hope you are having a wonderful start to your week!
➖ Bitcoin is trading near resistance, at...
Greetings, astute traders! What's your take on the BTCUSDT trajectory?
This digital currency has once again caught the tailwinds of resurgence, rebounding robustly from last week's sharp correction. It appears BTCUSDT has embraced momentum after a strong show of support by the Bulls at the $61,000 frontier. Furthermore, a price uptick followed a successful nod of...
Today, BTCUSDT continues its recovery from last week's tumultuous conditions. The price has been moving steadily within a trading channel and showed a notable bounce after touching the lower boundary.
The immediate goal appears to be a continued recovery, with buying strategies being emphasized as BTCUSDT aims for the upper limit of the parallel channel,...
🔥 Bitcoin Halving 2024 is less than 10 hours away.
💡Before the Halving 2024 , Bitcoin seemed to have experienced an increase due to this happening .
🏃♂️Bitcoin managed to break the Resistance lines/Downtrend line and is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴.
🌊In terms of Elliott wave theory , Bitcoin seems to have completed wave...
This is only one signal, just one and this is one of the most simple and effective at the same time —how are you feeling today?
The mother of all crashes, truly?
There are always some mixed signals or mixed feelings when reading the Bitcoin chart:
➖ When the chart is clear, it goes the other way.
➖ When the chart is mixed, we don't know what to say.
Either way...
Hello friends!
Currently, BTCUSDT is still continuing its recovery trend, with prices above the $66,000 mark. Specifically, it is trading at 66,730 USD, up 0.47% on the day, and the uptrend is still popular with medium and long-term investors.
Observations across different time frames show that BTCUSDT is making significant progress, with a promising bullish...
Hello friends!
Currently, BTCUSD is still stuck in a downtrend. Factors suggest that bearish momentum is still dominating the market, with the possibility of further strong price declines as prices break below support and remain below the 34 and 89 day moving averages (34 and EMA 89). This shows that the market is leaning towards sellers.
Previous idea!
In the...
Hello dear traders, please join me and plan your newdays strategy with me!
Overall, BTCUSDT continues to show weakness on Friday! The price quickly retraced the decline to $63,900 but remained stuck in the down trend.
Technically: The 1D setup shows bearish market resistance along with a strong EMA 34.89, which creates an equivalent reaction (reinforcing the...
Hello dear traders!
Today, BTCUSD continued to recover from last week's chaotic fluctuations. The price has remained stable within its trading channel and has shown an impressive recovery after approaching the lower boundary of the channel. At the same time, a bullish flag is gradually forming. Theoretically the price will quickly break the upper limit of the...
👋Hi, everyone. First of all, I apologize for the chart being busy, but I think all the lines and zones are needed to better understand it.
🏃♂️Bitcoin is moving in two descending channels : a ⚫️Black Descending Channel⚫️ and a 🟣Purple Descending Channel🟣 . Also, it is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴and near the Upper line of...
Current BTCUSDT trading strategy:
In the short term, we observe that BTCUSDT is continuing its weakening trend. The resistance at $63,000 is playing a crucial role in maintaining this downtrend.
From a technical perspective, the 34 and 89 EMAs are favoring sellers and there are no signs of a notable price reversal. Based on this analysis, we continue to...
Bitcoin Halving Idea is Pumping LONG Positions
All the focus is on BTC halving these days.
After the price moved below 61K yesterday we can see that BTC is rising again the bullish momentum.
This is shown clearly through a bullish pattern.
BTC created a solid breakout and it may rise further from the current zone.
However without wanting to be too much...
Hello warriors!
Today, BTCUSDT is showing signs of a slight decrease. On the 1H short-term chart, it has broken below the $64,500 support and the EMA 34 and 89, reversing the trend and creating favorable conditions for the bears. Therefore, our priority will be to sell, targeting profit-taking around the $62,000 - $61,800 range once the current accumulation phase...
In this analysis we're going to discuss a very simple trading strategy that will suit your long-term portfolio: buying into extreme weakness.
As seen on the chart, Bitcoin has only been oversold on the daily RSI on three occassions over the past 1.5 years. Every single time this occured it proved to be an extremely profitable entry point.
With Bitcoin seeing...
Hello dear traders, what are your thoughts on BTUSDT?
Today, Bitcoin has shown signs of growth, starting the trading day around $65,500 and has recovered by 1.14% up to this point.
Bitcoin found support at the $60,000 level and has initiated a new upward movement. BTC has successfully breached resistance levels at $62,500 and $63,500. Bullish traders have even...
