After failing to gain bullish momentum earlier this month (with a breakout to the upside from a triangle-like pattern), Bitcoin continues to trade erratically. Currently, it hovers around the $63,500 price tag, which appears close to the ascending trendline that connects peaks from December 2023 to mid-January 2024. If this trendline is broken to the downside, it...
Overall, Bitcoin (BTC) is still maintaining an upward trend. However, there are signs indicating that a correction is taking place. Looking at the chart, BTC is undergoing a correction process and showing signs of recovering from the downward phase. It is expected that the price may decline towards the vicinity of the 20-period Simple Moving Average (SMA), close...
In 2021 and 2022 37 useful ounces of gold bought 1 Bitcoin, currently 26 ounces will get one that same useless bitcoin. I drew an arc by joining the dots. It was fun and i hope you enjoy.
Well this is interesting, seems like we may get some exciting news narrative to push us to the upside. This is super exciting considering this is where altcoin season is expected to happen. #utility
BTC is moving from the correction area between 60,000 to 57,800 . Harmonic pattern was detected. Stop lose 57,100 is tight BR
Potential breakouts with retests near 70,000 or all time highs. A falling wedge is a bullish chart pattern that suggest an uptrend outside of the channel. Wedge heights should be drawn from local highs within the wedge to the low points observed prior to breakouts, and used to estimate short term sell points and take profit zones / potential points of resistance....
My previous posts were just how I was bullish and would buy in the range selected. However I now believe the worst is behind us, we we are likely to grind up to all time highs. I also believe we have recently bottomed. Perp spot delta is back to negative levels. This is extremely uncommon in a bull market. There is significant spot interest as prices approach...
If #btc #bitcoin succeeds in breaking out this trend line and ichi cloud with daily close, #cryto and #altcoins will be more optimistic for a while.
Price may come down to work into the lows of China then at London session began to take off for the continuation in the NY Session. Watch your time and levels before you take your setups, let them show there hand first.
Here is what I think will happen in Bitcoin: It will drop to 57, and I will long for 67. There is a clear descending here. Just waiting on the breakdown
Morning folks, Although BTC situation is changing and not to the good (we've talked about last time), market now stands at strong support area. 59-60K is strong daily support and oversold level. While here, BTC has done "222" target, suggesting that at least 30% pullback, somewhere to 64-65K area is possible. But, in longer term, drop under 60K will push price...
According to the psychological conditions of the market and the change in the trend of the chart, it seems that the market will continue like this in the coming days.
as you it is shown in the chart , we've broken the low and closed below which increases the potential for more down movement , now we can wait for a retracement to the FVG 50% or 70% Once we're into the 15M FVG , Don't trigger the sell button immediately , wait for a LTF market STRUCTURE on 5M or 1M TF and then you can sell with a proper risk management if you...
4H is swing bearish i-4H is swing bullish => current is pullback dow We can buy when the 5-minute time frame gives a bullish CHOCH signal i-4H: internal structure of the 4-hour timeframe
In the higher timefram, it's in the weekly timeframe correction move of wave B and now we can expect the price in the sub-wave 4 to push higher toward sub-wave 5
Linear fibs show buy support at 51K, but the halving will shock the supply such that the price will be forced to double shortly thereafter. Current cost to mine one bitcoin is ~50K so a fair price for bitcoin should be around 80K after many miners give up their rigs at a loss. Just spit-balling here. Posting chart for retrospective. How's WWIII treating you so far, anon?
When halving, BTC Rocket touches the A zone. The date and Price Range have been measured by bars and volume. The first volume vertical arrow was measured then I applied the same length of measurements with other arrows. Used a blue double curve to measure the price distance with halving dates. I've added price labels to the tip of the rockets as they reach...