This is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!" This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it. ➖ If we calculate the average price for Bitcoin's trading range in the past month and a...
Most of you have probably heard about Elliott waves and we are sure that you don’t use it in cryptocurrency trading strategy because it’s very complicated and subjective approach. Crypto trading for beginners is very challenging and stressful even without Elliott waves. To be honest when we first time tried to implement it to my crypto trading strategies it was a...
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...
Hello everyone, what do you think the next trend for BTCUSDT will be? From a detailed analysis of the technical charts, BTCUSDT has formed and established a new high around $73,300. Following this, the coin has undergone a corrective pullback according to Dow Theory and basic wave structure. In this context, the anticipated price target for BTCUSDT is around the...
Bitcoin is forming this bullish flag pattern on the daily chart, and we have a lifetime opportunity to buy Bitcoin at the bottom of the flag. What's more, we have a long-term trendline starting in October 2023, which is another reason to buy Bitcoin in confluence with multiple technical indicators. A lot of people are calling for Bitcoin winter, but I don't think...
🎉Hi guys, I hope that you have a great weekend . 🏃♂️Bitcoin is moving near the 🟢 Support zone($63,370-$62,790) 🟢. Also, Bitcoin managed to break the Resistance lines and is currently completing the pullback . 🌊According to Elliott's wave theory , Bitcoin seems to have completed wave 3 and is currently completing wave 4 . 🔔I expect Bitcoin to rise to at...
Hello all dear traders! Just as I mentioned about the trend earlier, the support level at 61,800 USD could not turn BTCUSDT around and the downtrend continued. Currently BTCUSDT has stalled at $56,590 and technical signals show that the coin is likely to return. And if this happens, it will be difficult to last long as it approaches the resistance level of...
Nice to meet you again! On the BTCUSDT H12 chart, there doesn't seem to be much change from yesterday. The current price is mainly trading under the control of the bears at the $61,000 mark. In the scenario where BTCUSDT may continue its technical downtrend, it is expected that the nearest potential target could be the $51,000 area and even the $50,000 round...
Hello everyone! Recently, following a price dip, the accumulation by large-scale Bitcoin holders (often referred to as 'whales') has driven the price of Bitcoin from over $60,000 down to a low just below $57,000. However, it quickly rebounded, with the cryptocurrency now up more than 4.5% in the last 24 hours, currently trading at $62,700. Keep an eye out, though,...
#Bitcoin Monthly Chart After the breakout of the previous all-time high, BTC is currently retesting it. The most possible scenario for Bitcoin, in my opinion. What are your views on this chart?
BTCUSDT Trading Strategy: Overall, BTCUSDT experienced a significant correction and short selling yesterday, the $60,280 support failed to turn it around and the downtrend continued. The bearish scenario in general is being prioritized by investors. From a technical perspective on the 4-hour chart we can easily see that the 34.89 exponential moving average (EMA)...
✅ Bitcoin finally managed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and the lower line of the Descending Channel and 100_SMA(Daily) . 🏃♂️Bitcoin is currently pulling back into the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and moving near the 🟡 Potential Reversal Zone(PRZ) 🟡. 😱The Fear and Greed Index entered the " Fear zone " again after more...
Hello traders! Today, we're witnessing further weakness in BTCUSDT, with the coin currently down by more than 0.73% for the day, trading around $57,960. From a technical perspective, BTCUSDT is poised for potentially greater declines after the bears successfully breached the strong support level around $61,000. Currently, the technical landscape does not offer...
🏃♂️ Bitcoin is moving near Support lines . 🌊According to the theory of Elliott waves , Bitcoin seems to have completed microwave 3 of the main wave 3 and is currently completing microwave 4 of the main wave 3 . 🔔I expect Bitcoin to start Going down from the 🔴 Resistance zone($62,940-$62,540) 🔴 and attack the 🟢 Heavy Support zone($61,100-$58,700) 🟢. ...
Hi everybody, Overall BTCUSDT continues to maintain its upward trajectory with strong support from EMA 34.89. In the near future, the target could be $90,000 as it approaches the ascending trendline formed by the two previous peaks, as indicated on the chart. Fundamentally and technically, everything is positive so we can expect a bullish scenario. It is...
Hello friends! Just as I predicted yesterday, the bearish momentum of the BTCUSDT coin is still maintained as it forms a head and shoulders pattern on H1, in a potential bearish channel. It is currently trading at $63,087 marking a drop of 1.09% on the day. Overall, in the current context, both fundamental and technical are signaling a downtrend, we are waiting...
Hello everyone! On H1 before, we can see a changing trend, followed by a strong selling phase, reaching a level of $63,122 at the time of writing. Speaking of breakthrough: The support level at $63,200 couldn't make the BTCUSDT market turn around, and the short-selling strategy continues to prevail recently. The technical downtrend seems to be gradually...
BlackRock has significantly increased its investment in Bitcoin over the past year. This is partly due to strategic partnerships with MicroStrategy and Coinbase. As of April 2024, BlackRock holds 274,462k BTC worth $17 billion in its spot Bitcoin ETF. This amount is more than MicroStrategy, which holds 193k BTC. It is important to note that MicroStrategy was...