Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe and speedlines to analyze the year ahead, breaking 2024 up in to 4 quarters. From here we move down to lower timeframe for microscopic analysis and trade entries on lower timeframe. Higher timeframe trendline, speedlines, Fibonacci or Pivot Points remain longer...
We are expecting Bull Run Now. SL and TP are given to the chart. Aggresive traders can go for buy now. And Others can wait for pullback to buy at the entry price. All the trade setups in the channel are provided with result.
Here we can see the price consolidating on the weekly chart, trading near a resistance with bullish momentum increasing, and forming a triangle. If the price break the resistance I anticipate a move higher as indicated with the up arrow. As I consider all possible moves the price can make I have a bearish move as my alternative and the probability that the price...
Spot bitcoin ETFs begin trading on US exchanges: On Wednesday, the SEC approved the launch of 11 spot bitcoin ETFs, and trading launched on Thursday. The approval of US-based spot bitcoin ETFs marked a historic day for bitcoin and crypto as a whole, opening the door to an entirely new set of retail and institutional investors. As trading started Thursday...
Reversal in process with breakthrough wedge. BTC with plenty of BULL confirmation since 1/11.
The BULLPEN is getting looser.
STILL WITHIN OUR ATR RED ZONE. Money flow index is low and has plunging power.
predictions for next few days on bitcoin, if btc can hold this level, good chance to crab or reverse into a new local top at the fib levels (depending on the severity of the positive price action), with the etf models may be less predictive, but btc etf flows from here are likely to be priced in over time rather than all at once (and already has been to a large...
Whenever the Bitcoin price moves upward or downwards, it tends to retrace before continuing the trend . Fibonacci ratios and analysis are great indicators for finding support/resistance levels that can reject/support the price.
There are noticeable similarities if the Fibonacci retracement indicator is applied to the previous two Bitcoin cycles ( ref....
- Fast update.
- i consider that BTC reached 48k.
- Actually the ETF Decision could have an important impact on the price in both ways.
- That said, as Trader, Fibo will always be king to me.
-Stay Safe !
Happy Tr4Ding !
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any...
BTC broke support line of rising wedge figure from my previous analysis. If you want to enter now, SL above 0.5 level (45383), but I recommend waiting for retest.
Target 1: 43484 (major structure level and 0.618 of previous bullish impulse)
Target 2: 41468 (base of rising wedge)
A 30% correction from 49k would bring us down to around 34k. And that would be totally normal. If you are scared of 30% corrections in crypto its not for you. Just be prepared for this to be the local high for the next 6 months.
Cash out some profits if you need cash... Just to be safe.
