After the news of the war, Bitcoin has shown that it does not want to rise. A head and shoulders pattern also seems to be forming and contrary to my previous thoughts, Bitcoin will experience a fall to around $24,000.
Last weeks high: $36088.7
Last weeks low: $35064.8
Midpoint: $34040.8
Last week price consolidated after it's considerable rally the week before, we have a mini range between 34k as support and 36k as resistance. As price has stagnated profits have trickled down the crypto ladder towards strong altcoins such as SOLANA, and more recently lower cap plays which is...
Bids at 34500 if there is a div on 30 mins rsi...scalp and would put SL on profit as fast as possible...target could be anything aroun 36 to 40k before correction.
Bitcoin showing Sell Signals a lot. but still holding the range and consolidating.We could see a pullback or a retracement happening this week
Thanks for watching
There needs to be a huge catalyst before we can safely chant the bull run is here to stay.
BTCUSDT is performing a retest of the 4hour highs, and will move sideways for a while before holders take back some profits.
On the next liquidity "milking" event, I expect BTCUSDT to hit the 29-30k levels (or lower).
Here, the action begins.
Just wanted to update the pattern I am watching for BTC relative to my previous BTC post. As more candles have printed, very clear levels of support has been outlined as well as our upper level of resistance. I highly recommend drawing these trendlines on your chart to have a better understanding of a future breakout/breakdown.
A short as high above $34k as possible i.e. +34.4 (stop above last high $35k, target above FWB:31K for about 2:1 R/R, rolling the dice at 50/50 chance hit rate) may be worth it as an early punt that I see myself would do in 2017
However
Daily RSI is still in overbought (81.8 over 76.26), not yet showing divergence and can be overextended for as long as 20...
I noticed BTC just touched the base of a regression trend from 2017, The last two times the price touched it we failed by 66-70%.
If this happens again and we fall by 66% we will be at 12K area.
Bitcoin (BTC) is experiencing a period of intense consolidation, characterized by narrowing price ranges and increased trading activity. This compression often precedes a significant price movement, and based on the current dynamics, many traders are gearing up for a potential bullish breakout.
Squeeze & Liquidity Sweeps: The Tug of War
In recent market...
Final 5th wave starting for BTC, this week when bad ETF BTC news comes out, and people start buying the "dips". Indicator flashing sell signal on weekly time frame right at monthly supply zone. 15k next target
The TPI (Trend Probability Indicator) tells you if the trend of an asset-class or commodity is bearish or bullish.
It has values that range from -1 to +1, where -1 is bearish, and +1 is bullish.
Values between -0.2 - 0.2 are neutral, and we expect market to be ranging and mean reverting at that TPI score.
The TPI works on all timeframes above the 4H timeframe....
Hello traders!
In the past 2 weeks, Bitcoin price tried to test the 36000 price range and accumulated in the 33000 to 36000 range until now. Last weekend we also witnessed the action of whales transferring a large amount of Bitcoin to the exchange, which signals that there will be large price fluctuations in the coming weeks, most likely a profit-taking action by...
BTC price made a bullish breakout of the ascending triangle pattern, after a correction if price continues to hold above support I expect the price to move higher towards the next resistance..
