CRYPTOCAP:BTC #BTC Nicely gained $64,344 support, currently testing $66,323 support - time to see if it can hold it, seems unlikely judging by current RSI on 4h, but last 1D close looks great and RSI on 1D also good. $64,344 next support from here. $68,546 next key resistance from here. Watch given S/R
After the Halving happen on 19-4-2024, Bitcoin making a recover from the 60000 level. However, Price history showing the shorterm effect of the Halving making price drop in the first 30 day www.proshares.com Technical 50% retracement level from the swing from 25000 to 70000 is at 50.000 . This level combine with the 200day moving average on Daily...
btc. This accumulation is expected to push the price of Bitcoin higher. However, there are likely significant sell orders placed at higher price levels, which could temporarily halt this upward momentum as sellers look to offload their Bitcoin holdings. The strategy proposed involves targeting these sellers, potentially driving the price higher to surpass these...
given the market structure and smart money levels outlined by this market area indication the rebound could go further to the upside if we hold the trend reversal continuing lower timeframe trends. this frame shows how ai trend nav is set up to defend this divergence in time cycles with FTZ/fib channel.
The last update I mentioned a minor consolidation I was anticipating to break up. It broke down and took us towards the 62k level. However, It seems like this breakdown is forming a new falling wedge pattern on declining volume for the weekend. I expect it to be relatively boring with a little more downside before we bounce back to 66.5k
In the volatile world of Bitcoin trading, it's crucial to capitalize on the highs and lows of the market. While we all relish the excitement of a bullish trend and witnessing Bitcoin break new all-time highs (ATH), prudent traders understand the importance of profit-taking amidst the cyclical nature of this rollercoaster ride. As an avid Bitcoin enthusiast, I...
Hello everyone. I'm not a BTC lover, but I'm not a BTC hater either. but here I will provide insight into why according to my research and analysis, BTC will play at that level. First of all, BTC will return to 0. There will be a possibility but it is very small because the BTC ETF has been released and also a lot of people are still using BTC as an investment...
BTC often follows the technology sector of the stock market. Below you can see the Spearman-rank correlation, which better shows us the moments when two assets start to move in different direction What now? Now the NASDAQ is starting to slip because the market is overestimating interest rate expectations, after talks that there will be no lowering this year....
I am using the ATH points as reference to the 50 EMA ( Red) as we just recently posted a new ATH even though it was only a slight rise, the effect on the push has been significant on the MACD First thing to note is the different "distance" from ATH point to the 50 EMA below. This gives us an idea of the momntum of the Rise. The exponential moving average (EMA)...
Hello, friends! Today I'm sharing with You some trading tips, that will help You to understand some of the complex aspects of trading. Tip 1: Trading more or longer is not the best method. Sometimes doing nothing is the best thing You can do. "Many people get so tangled up in markets that they lose perspective. Working longer doesn't necessarily mean...
The falling wedge from the previous update has been playing out but at a weak pace. It's been taking longer than anticipated. The sell off we got right before the breakout took a lot of steam from the move and made 25.k a difficult level to beat. We've gotten pretty close to the low end of the target(67.7k) now but we seem to be making a new consolidation on the...
What's going on with bitcoin, it went up to the top with such an hurry only to pause post halving, right now having a retrace. We can see there is a good level of support in the 57k-60k area, as of now it looks like holding the price up well. On the upside we have some (minor?) resistance around the 67k level. Technically speaking we are in a healthy uptrend,...
I think the price move on the ruler and boxes the two next target is at left of the chart on fibo ruler ,what do you think about it nex move
The crypto pair has shown strentght to move upward with bullish reversal showing bullish divergence on RSI and falling wedge pattern. Price broke the pattern and an ectry can be taken at current market price with SL and Tp mentioned.
- momentum on the monthly timeframe for Bitcoin is completely maxed out as evidenced by two things: 1. it just had 7 monthly green candles in a row (a record) 2. stochastic RSI had two 100/100 monthly reads in a row (vertical lines) which is eerily similar to what happened in Q1 of 2021 Unlikely the bull market cycle top is in but very likely we visit the 40 -...
BTC - Big Target! Marked by Arrow Mark! Not too soon but overall BTC should reach it!