Bitcoin is forming a descending triangle on the daily, showing clear demand zone at 59k and a decreasing resistance. Could be a bullish continuation of the weekly trend. If BTC Daily closes below 59k there could be a larger retracement back to the 200MA, 43k.
Bitcoin (BTCUSD Coinbase) just pulled back to the .618 on the last drop from the last low. This would be a great place to rebound and put in a local bottom if Bitcoin is going to continue this uptrend. Time will tell. Notice the Stoch RSI, we must get this RSI to bounce on this support.
Ichimoku Cloud: The price is trading just beneath the cloud. The current candle is struggling to break through the lower boundary of the cloud, which is acting as resistance. The immediate upside target, if the price breaks out of the cloud, is the $64,749.75 region, which aligns with the 0.618 Fibonacci retracement level. Fibonacci Retracement Levels: The...
COINBASE:BTCUSD Bitcoin (BTC) remains bullish above the 65 Weekly EMA at $41,862.73. The long-term trend is considered up when BTC is trading above this level. A breakout above the nearest resistance at $81,205.37 could pave the way for further gains toward subsequent resistance levels at $99,308.06 and $117,410.75. In an alternative scenario, a break below...
BTC is continuing downward daily channel as shown in the chart. it has broken down the upward daily trend-line ( yellow line ) and considering bearish trend. my thought is bearish condition until exiting from the above of this channel which would not be too soon.
Bullish setup with PA over 63k Bearish setup with PA below 64k
the Yellow Lines are Support and Resistances of BTC, And the Gray Areas are the Majore support and resistances of BTC witch we have to see if it can hold them or nah, I am going to buy partially at each support and sell at each resistance partially myself. I guess since the BTC broke the 200 EMA at the moment in 4H, we should see a fall if possible, so my first...
It is expected that the price will fluctuate above the Fibonacci levels and after the completion of the corrective pattern, the beginning of the upward trend will be formed. If the price crosses the 100% level, the downward trend is likely to continue
After down movement it will be going upside so my view is bullish but fvg missing it was risky so use small quantity.
Pattern – HL building? Support – 63,860, 60,675 Resistance – 66,710 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at BTC on its daily chart. Today, we have broken down the current PA we are watching on BTCUSD. Two things have presented themselves to us. Could we have a new HL forming after yesterday's fightback? Could this then...
CRYPTOCAP:BTC CRYPTOCAP:BTC $66,961 resisted strong failing to hold $66,323 support as expected, currently testing given support area $64,344. RSI on 1D and 4H looks fine, needs push here, last 1D closed good but current 1D weak on volume, $62,580 lowest support from here, expect resistance around $65,521. Watch given S/R
I've often wondered about the reality of these 1mil predictions for BTC. Personally i find it highly unlikely until we see some major real world use cases put into practice for it. could Blackrock and the like pump the hell out of it sure, but seems unsustainable unless they can continue to bring in new investors. to buy it back off them. I was playing with this...
CRYPTOCAP:BTC VIP Analysis APRIL 24, 2024 - BIAS: Mid-Term: BULLISH Short-Term: BULLISH -- The price action on the H1 timeframe level has successfully bounced back from its Horizontal Support level which was marked between the $63,640 to $62,950 level. The price action broke out the neckline of the pattern level has squeezed out the BSL which was marked between...
Bitcoin has been ranging between 60,000$ and 72,000$ for a month, in the next three months we have two scenarios. 1- if the 60,000$ resistance is broken, it will fall to at least $40,000 to $44000. 2 if the $73,000 support line is crossed, it will rise to $100,000 Currently, the best price to enter is $60,000 to $63500 and in case of breaking the resistance line...
In this video I speak on current Price Action, what is Price doing right now? & I have the answer... Just Tune In & witness Greatness at it's finest! Naked Chart Reading!!!! _SnipeGoat_ _TheeCandleReadingGURU_ #Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #DayTrader #SwingTrader...
As you see in my analysis I think in the dailt time frame we have a up leg to last ATH and then maybe we do have a bear leg in the BTC.
You're looking at my Log scale analysis featuring a Linear scale opposing trend an industry 1st! If the Linear Golden Zone .618 - .65 at $50,264 (.65 for slippage) holds, then we're going back down to mid $20,000's before heading up to $136,200. (FOLLOW RED LINE) The .50 - .618 Extension at $37,725 - $36,239 needs to hold as a last stand to continue up but...
btc vave 1 95% 144 days btc vave i 85% 89 days currently in vave ii next is vave iii minimum 200%, probably around 300%, 55 days??? target between 200K - 290K nfa y axis only for entertainment purposes aka sit back and watch a inflationary reserve currency managed by a bunch of cannibal paedophiles luciferian turdmasons get demolished by a deflationary crypto