Tuesday, April 30th, 2024 4:00 PM London Session 4Hr TF Entry: 60504.02 Profit level: 64597.76 (6.77%) Stop level: 59052.22 (2.40%) RR: 2.82
Hello, fellow traders and investors! 😊Let's dive into the latest analysis of Bitcoin's price movement. As we assess the current market conditions, it's evident that we remain within a medium-term downtrend. Despite recent attempts to break above the main descending trendline, the price has failed to sustain upward momentum. This failure to breach the...
The Bitcoin chart is currently exhibiting a bullish flag pattern, indicating a potential continuation of the uptrend. Although the price briefly broke below the support level, it has since recovered and returned to the support zone. This price action suggests that the earlier breakdown was a false signal, as evidenced by the chart. My analysis indicates that this...
_ Analysis Update by World Forex Traders_ 🚨 As of the current price of 63,625.69, my analysis indicates a potential bearish trend 📉. I'm maintaining my short position, targeting a price below 60,000 💸. _Key Points:_ - Current price: 63,625.69 📊 - Target price: Below 60,000 ⬇️ - Sentiment: Bearish 🐻 - Recommendation: Short 📉 _Risk Management Notes:_ - Stop...
Good scenario for BTC if touches EMA 21, 56k or demand area in range 51-50k and going up or BTC go to level fibonacci 0.618, sideways in demand area 43k, and going up
Hello TradingView Family / Fellow Traders, 📦 Post-halving , BTC has been hovering within a big range between $60,000 support and $70,000 resistance. 📈 For the bulls to take full control again , and test the $82,000 and upper bound of the red channel, a break above the $72,000 resistance is needed. 📉 In parallel, if the $60,000 support is broken downward, we...
UPDATE 01.05.2024 . With the daily candles looking like this I can say that the key point is invalid , the BTC is down in the correction phase . Even tho there's a gap of 55-56.6K we might see a small bounce, but I prefer the price to touch 52.2K , yes I said that shit. The scenario would be like this; . BTC touches the ground 52.2K and bounces a bit,...
On 1h scale, Descending Triangle forming on overall bearish trend. Moreover no Divergence seen. Therefore, trend will continue. Short Trade is in order once LL is tested. My trade values are depicted on Price chart. Setting TPs as per Risk:Reward 1:1
Bitcoin is currently testing very strong resistance, if we manage to close above 62k and stay there for few days, then new ATH will probably be inevitable. On the other hand, if we see rejection from current level, price will very likely drop down to 50k. 50%/50% IMHO.
Please refer to video series of how to work with Market Saarthi Indicator... Video was done on Bitcoin, will update more video with interesting scenarios which appear in live trading.
CRYPTOCAP:BTC short term price action update •sell side liquidity is (619156) as a swing low point and short term support •sell side draw on liquidity is (5819562) as a LVN on previous quarterly volume profile that attract the price •expect will hit 61956 then give small bounce then dump hard in on candle to (58195.62) and there we will make a new update .
Hello everyone! Juust a quick update on Bitcoin giving key levels or buying zone Accumulate in May, and don't go away!
will see how the market handles it. these are camarilla pivots on the monthly levels
It's been a long while since I posted one of these so here goes! This is an updated monthly overview on the idea path for the Halving event, many people have their opinion and they have some great points to where it may or maynot be headed. So here is my entry to where it may likely start the full process for the halving to work it's way to the 120k or 200k...
If you haven`t sold the top on BTC Bitcoin: Upon examining the chart patterns, I believe the price target within the falling wedge is $52,000.
BYBIT:BTCUSDT.P Seems to be creating a nice Bullish Wedge, or am I just imagining things? No indicators, Purely Boxes, Lines, Arrows. Just in time for BTC's Last Leg before post halving parabolic.
We're currently positioned near the proximal line of our daily supply zone, observing a developing lower timeframe trinity model. Should we witness a shift to bearish market structure prior to the third tap, I intend to enter a short position. Notably, Market Cipher indicates a local bullish sentiment, adding complexity to the analysis. This situation warrants...
BTC approach trendline in 2H timeframe above. Touch Supply Zone Fibonacci 0.618 - 0.786 No signal to reversal to uptrend.