This will appear like a bullish double bottom formation, but neckline around 27500 - 27950 wont break.
Yes it will pump a bit more. Traders will end up trapped longing this BTC Pump. But the probability speaks against going above 28k range again.
Bitcoin will do back down after it wont be able to break mid/upper 27k region.
As i think we are entering the final and harsh phase of the bear market
i expect very active days in the coming months. Volatility can be broken up hard.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
BITMEX:XBT has been touching the area of 25'980 USD, for a couple of days showing a huge support around that area. However, in theory with each touch on the area its gonna be debilitated.
In sum, I think it's a matter of days when we broke again to the downside having an opportunity for a short (if you are not already or in cash). The move it's gonna be...
BITMEX:XBT has touched three times the support at 28,855 USD on the Daily. This pattern represents a short for me. I placed a short position yesterday to hedge my long placed since the bottom on the FTX crash on november 2022.
I don't have a target, yet. I will update my ideas on this trade.
Bitcoin has dropped to historically low levels of volatility. Typically this means a very large move in either direction is going to happen relatively soon. How soon exactly is not clear, maybe 1-4 weeks. This also doesn't indicate which direction the market will move, just that a breakout is likely coming soon. Take your pick on which direction it is going to go,...
This is on a weekly timeframe, no more 1h or 4h timeframes... This is the REAL DEAL. The low 29k zone is an area where lot of people get burned. Please be careful here with long positions my friends. While I think that there is some steam to go up from previously confirmed patterns, the huge XXXL Rising Wedge raises immense concerns... My opinion is that we will...
#Bitcoin is consolidating right below 30k with two failed breakout attempts. I think there is still steam up from the previously confirmed broken falling wedge and on the next attempt 30k shall break. A possible Gartley Pattern adds to the bullishness. Observing if the 1h candle will close as hammer. Still bullish overall but cautious here to make sure this is not...
A whipsaw chart pattern is a type of price action that occurs when a security's price moves sharply in one direction, then quickly reverses and moves in the opposite direction. This can be a frustrating pattern for traders, as it can lead to losses if they enter or exit a trade at the wrong time.
Whipsaw patterns are most common in volatile markets, where prices...
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I've made several analyses on Bitcoin's extremely low volatility over the last couple of weeks. In this analysis, I want to take a look at yet another metric that measures volatility: BVOL7D, on the daily chart.
On the top chart, white, you find Bitcoin's historical volatility. On the bottom chart,...
Several bullish patterns! Slowly showing what patterns are in play here. Difficult to trade if you are new, but starting to make sense for someone who has been trading for several years. This will likely rip up as previously stated. That Batman pattern is not my imagination but an actual pattern traders use It is similar to a Head and Shoulders pattern except that...
- CRYPTOCAP:BTC continues trading within a Tight Range of 2K,
dancing tango with range's bottom and ceiling,
until it doesn't.
40.000$+ per #Bitcoin is not as far fetched from here,
all Bitcoin gots to do is break current range to the upside before resuming higher.
Besides that, the awaiting Feds Rate Hike decision will impact direction of CRYPTOCAP:BTC
and...
I spotted something quite interesting on the Bitcoin chart. The past has shown us a lot. Will history repeat itself? There are chances that in August we will have a high above the one in April, and in the Autumn we will have something extremely interesting.
Wishes for a nice week and here we go with our new tradition:
Our Monthly Chart and Prognosis.
Starting in May with March Madness 2023. Destination Houston 🚀✨ (Link: ) and indeed March was pure Madness with a big dip and a much higher PUMP!
April's COOL 🌷🌞(31k or more) was also a nice success as the price did go exactly where we said it would: the 31k!...
Bitcoin Grabbed the high leverage longers and now is ready to go higher.PPI today could bring more volatility to the market.Still rooting for 32K.could happen today or tomorrow then a drop in volume on weekends like always.
thanks for watching
Bitcoin with a strong breakout. We would want to see the key fib areas here generate some kind of bullish market action.
- morning star
- bullish hammer
- SFP of a local fractal low
Breakdown here and a lower low from the start of this market structure break could put the breaks on this move and at least result in more consolidation before then either breaking...
This wave of market should be said to be a very typical war example. It took the bulls 2 months to create a bear trap, and finally the Jedi counterattacked, crushing the bears' defense in one fell swoop.
Some say it was a collusion between the SEC and Wall Street, and some even say Gary made a lot of money shorting Bitcoin. But these may not be confirmed, but from...
