Digital assets have had a strong early 2023
Digital asset prices, led by Bitcoin, have had a strong 2023 so far. Bitcoin is up by over 70% this year and Ether is up by over 50%1. Together, these two assets still account for over 63% of the total market cap of the digital assets space. While the US Federal Reserve (Fed) is still raising interest rates, the market...
Look @ CRYPTOCAP:BTC
Since post , #BTC has lost roughly 1k more points
The yellow line was expected.
Selling doesn't seem out of the ordinary & will likely provide more entry points soon UNLESS something changes.
Doesn't #bitcoin move look ORGANIZED since mid March?
#crypto
In Bitcoin futures, there were two gaps that needed to be filled on the way up at around 28,000 and 35,000. The 28,000 gap has already been filled, and now we are moving towards the next one. We are currently very close to the golden zone, which is a price range where the price may either break through or bounce off. Based on my analysis, I believe that the price...
There is a little CME Gap between 20999 and 20300 that may get filled while we see Bitcoin PA Cool off for a bit.
Its not really a large enough Gap to be certain but I certainly have an order there incase PA wicks down
Would be a superb buying oppertunity
#Bitcoin Bear has been DEAD. We called it some time ago. So being that downtrend is over let's use #Fibonacci levels.
CRYPTOCAP:BTC low 14925
Precious #BTC top 69355
50% Fib level = Puts CRYPTOCAP:BTC Roughly 42-43K
IMO we'll see higher highs but will likely not see ATH this year UNLESS something really off with $DXY.
#crypto
BTC New Pattern that we want to pay more attention to anything else is the new rising broadening wedge
obviously we havent seen ANY lows for a long time , maybe we see it after reaching new highs 31K or we start the new Low process since SPX is giving bearish signals
Thanks for watching
Today I would like to share with you some thoughts on the situation in the cryptocurrency market, specifically regarding the price of Bitcoin. We have a couple of unclosed gaps at different price levels, including 9600 and 21000. However, the price of Bitcoin is likely headed towards 35000, as many people still do not believe in the growth and think it is all...
BITCOIN showing corrective movement while falling.
falling wedge pattern can be shown in Daily chart. we can see an untrend movement in upcoming sessions
Bitcoin may test the resistance level of 30000.
Bitcoin is looking strong with the move above 30k. I think as long as ~27k holds, and even better 30k, this thing is headed to 50k by year end. That may change if the 10 year yield moves up to 4% again, but if it stays around the 3.5% level where it's at now, or moves lower, it is a tailwind for bitcoin and precious metals
Based on the high liquidity zones you've mentioned and the current Bitcoin price of 30k, here are two potential scenarios for Bitcoin's price movement over the next 90 days:
Scenario 1: Consolidation at a Lower Price (around 20k)
In this scenario, Bitcoin could face increased selling pressure, causing the price to drop. This could be triggered by a combination of...
We post TONs of CRYPTOCAP:BTC DATA
However, every so often we post our OPINION, on April 6th we stated we were FULL long as we thought the move would be higher.
Another good call on #BTC
30k not important, although round numbers tend 2b
Daily volume was MEDIOCRE but let's see how #bitcoin does WEEKLY
BTCUSD
Hello traders, welcome back to another market breakdown.
In the Video above, I show how I breakdown the Bitcoin chart. I also, speak about the scenarios we could have.
Trade safely,
Trader Leo.
This move has played out picture perfect. Please check out "BTC - Next Week Expectations" to see the prediction vs reality.
Upon open of CME we created a gap that is currently around the low $28k region. If you have been watching CME you knows these gaps like to be filled. We are also finding resistance at overbought conditions on our 4H RSI (red circle).
In...
CRYPTOCAP:BTC is breaking out on DECENT volume!!!
Last week we said we expected a break of some sort this week. We did have a BULLISH bias! Let's see how it goes!
FYI
We need an uptick in volume for #BTC within the next few hours and a CLOSE above blue line for confirmation.
CRYPTOCAP:BTC maintains the trajectory
This will happen SOON:
#BTC breaks RESISTANCE
OR
Red Moving Avg give way
IF:
Resistance breaks, Red dotted lines = targets
MA breaks > Green Mov Avg > Green breaks > 25k > doesn't hold then likely gap fill = damage to bull but still hope
This gap has given a headache and it seems to be
the one and only reason for this rally.
Note the decline in futures volumes.
The market demands a normal accumulation.
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