Bitcoin (BTC/USD) has just reacted off the pivot and could potentially fall to the 1st support. Pivot: 63,135.96 1st Support: 61,766.40 1st Resistance: 64,370.98 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
As I mentioned a few days ago, BITSTAMP:BTCUSD has broken above the descending resistance level of its downward channel. This breakout could signal the end of the recent correction. Following the initial climb to the critical horizontal level at 65k, Bitcoin experienced another drop, testing the previously broken resistance level, which this time acted as...
Bitcoin is an invention designed to grow forever as long as we live. If you see the same vision, don't forget to support the analysis. I'm releasing UPDATE2 earlier than planned because today the channel reached *666* followers. The analysis is set for long-term updating. It doesn't matter if the price is 70k or 50k as long as you see the big picture. The world...
Hey there traders! Some thoughts about BTC. We can see the movement in bullish flag, but with descending volumes! So I think that we will finish the last Elliot wave and will continue grow and maybe break resistance in May-June with hitting ATH. Now we can try to trade the last Elliot wave with TP at support box. SL can be a bit upper the flag line. What's...
Bitcoin (BTCUSD) closed the first green 1W candle following a streak of 4 red ones, so it has been the first week in almost 1 month. That alone is a strong bullish sign, especially on the very aggressive Channel Up on the 1W time-frame (chart on the left). As you can see, every consolidation that is formed after a Higher High (red Rectangle) ends and transcends...
Following a breakdown below $57,000, Bitcoin (BTCUSD) rebounded last week in a broad market risk-on move. Currently, it trades near the $64,000 price tag, situated slightly above the 20-day SMA, which now acts as a critical support level; a failure to hold ground above this level will be concerning, while a success could foreshadow continuation higher. With that...
Bottom red trend line is my new pi cycle which is aligned from RENCO candidates (but not aligned with Kagi very well) which I’ve converted to Kagi and all works with RED MA pi cycle value price dip in case BTC was to fall. Above green trend line has a gap between candles and the trend line, that’s because I used Renco wick for alignment and that space leaves...
Short position double top has now been confirmed. Targets read at 1.5% and 2% risk reward ratio. BTC should start moving up once it reaches any of this two prices. Pi Cycles read as low as GETTEX:59K , no lower than $56k. I doubt it will reach this pi cycles because it’s a double top 30 minute time frame. Unlikely to avoid this dip. Welcome to your first...
Here is a falling wedge created by smart money intentionally so we can have guidance on where to enter then later they trap retail traders with it. My hidden double top is found within their manipulation. Please view the whole idea. Not much to say but you'll get the point as you see. My strategy is to find hidden patterns that are not detected by smart money.
█ How exactly do markets adapt? Evidence from the moving average rule in three developed markets. The Efficient Market Hypothesis (EMH) has long been an important theory in finance. Brought forth by Fama in the 1960s, the EMH suggests that it is impossible to consistently achieve returns over the average market on a risk-adjusted basis, given that price...
Structure has broken the wedge and now trending downward within the channel. So we see a decrease in transactional volume. It seems that a historical pattern is repeating itself from a previous cycle, mostly due to monetary policy involving an interest rate cut. if a similar scenario plays out, we might witness Bitcoin dropping to a low of 52000 "Thank you...
Dear traders! Let's strategize our new day! I think the main medium to long term trend for BTCUSD remains bullish as the trend line is still there. However in the short term, I expect the last 50% of the downward move looks to be an interesting area to get into a strong buy position until the price touches the 53k area! 53k is this area that is still very...
Hello, traders and investors!🫶 I'm glad to welcome You to my page! Today I wanna share with You a possible key to understanding Bitcoin's movements. In the world of finance, there are often questions about why asset prices behave the way they do. Some seem chaotic and unpredictable, but there is always a certain logic behind them, the main thing is to want to see...
Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...
We frequently look at the altcoin market and very often look for clues on its dominance and market cap. A historic comparison of alts with Bitcoin's (BTCUSD) Cycles shows that alts bottom after Bitcoin, a lag which is natural considering that BTC is the market leader. Similarly it is possible for alts to rally when Bitcoin is correcting or consolidating. Using...
Bitcoin reached its all time high of $73,800 before experiencing a decline to the support range of $57,739-$56,132. However, it later increased by over 15%. The price is currently following a downward channel with no breakout yet. If it can break out and close above the channel resistance, it may reach the resistance level of $74,000 again. If the trend...
Bitcoin continues to hold the 60k levels, and by the weekly candles, any and all dips are being bought up. However the market does not feel over exuberant and so in my opinion there is room to run here. The next level of importance is around 92-95k, so for me I am slowly stepping in for the next move to the 90's. Any move into the mid to low 50's is an area...
KAGI LONG POSITION reads $70,937 if equal lows is met then correct entry would be at $62,200. Despite the short position volume candles, even if it dips lower, kagi and volume will read same accordance at a later times because volume candles has a faster move than kagi. Let’s say volume or Heiken candles dip, Kagi will be about in the same zone while volume and...