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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...
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...
This is part of my ongoing analysis, see links below. We have been orbiting 63.3k for several days. It is a key level of the wave down from the top. North of 63.3 is bullish, South of line is bearish. This chart is also a good example of my concept. The red fibs are extensions of an Impulse (fib 0.1). Purple lines are retracement levels of entire wave. Previous...
Simple: Each cycle must have the RED MA cross over the GREEN MA and just then will the trend begin to fall. Cycles 1 and 2 have been tagged by PI CYCLES. I used trend lines to help with guidance to ALL-TIME HIGHS. MA's agree with PI CYCLES. Cycles 1 and 2 both have the RED MA crossing over the green. As RED MA crosses over the GREEN MA, the candlesticks begin...
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...
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 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...
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...
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...
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...
From a technical perspective, the inverse head and shoulders pattern has broken the neckline. With a possibility of a pullback to the neckline, that should create an opportunity to enter long. The technical target would be $71,000 which correlates with a previous resistance zone
Hello. As you can see, Bitcoin failed to break the Ascending triangle in its last attempt, and now it is making a fourth downward wave based on Elliott , and than we have to wait for Bitcoin's rise. 👀To motivate me ,Like ❤️ & Share 🌐 this post with your friends ! Thanks for your support ♥️ ⚠️Things can change... The markets are always changing and even with...
Here's the pattern. Here's the channel. You know the drill. No further explanation required.
Bitcoin (BTCUSD) hit and broke yesterday below the 1D MA100 (red trend-line) for the first time in more than 3 months (since January 23 2024). This is progressively turning the majority of news and traders across the market bearish and in full confidence of shorting to even lower prices. Should long-term investors panic? The answer appears to be 'No' and in fact...