Hello, dear friends!🩷 Let's quickly review the short-term perspective of Bitcoin. What do we see on the hourly chart?🧐 The price hasn't reached the upper main medium-term resistance line; we're still within the descending trend. The price has formed a small head and shoulders pattern, indicating that the price will likely decline in the short term. Possible...
Hi! The "Bart" pattern in trading is named after a specific type of price movement on an asset's chart, resembling the contour of Bart Simpson's head from "The Simpsons" cartoon series. Characteristics of the Bart pattern include a sharp price surge (vertical spike), followed by a rapid decline (horizontal consolidation), and finally a return to the initial...
Bitcoin (BTC/USD) is falling towards a pullback support that has been identified as the pivot. Could this crypto-currency stall around this level before potentially reversing to bounce higher towards the 1st resistance? Pivot: 61,784.37 1st Support: 59,147.37 1st Resistance: 64,566.91 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
I shared a tweet a month and a half ago predicting that the value of BTC would decrease. However, it now seems likely that in the next couple of weeks, the trend may reverse towards a bullish direction. This time, it may surpass $80k.
Firstly I meant to say May and not April lol (kids had me up early this morning) Charting is a science Trading is an art In this video I cover some topics such as: Hedging Trend The difference between Charting and Trading Position Sizing MTOPS Order Tool Meta Trader with FTMO Using various accounts within FTMO and more ;)
Following a breakdown below $57,000, Bitcoin (BTCUSD) rebounded last week in a broad market risk-on move. Currently, it trades near the $64,000 price tag, situated slightly above the 20-day SMA, which now acts as a critical support level; a failure to hold ground above this level will be concerning, while a success could foreshadow continuation higher. With that...
Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is no Nasdaq indicator announcement. This is a position with a very high possibility of sideways...
On the monthly time frame, the RSI pattern of 2017 is repeating, which led to a great bull run. I think it needs a monthly confirmation candle to close above the $75,000 price, in such a situation, a huge bull run in crypto could start. At that time, the peak of 2013, i.e. $1,200, was a monthly major pivot, which in 2017 needed to form a monthly bullish candle...
It is expected that the price will decrease according to the specified path and then the beginning of the upward trend will be formed. If the price crosses the resistance range, the upward trend will continue
Bitcoin has many fractal cycles. Lets take a look at a few of them. The macro up cycles typically last around 100 days, while down cycles average 80 days. When an up or down cycle consists of multiple counts, a short-term small reversal connecting consolidation bridge provides a more nuanced view of the market's rhythm, helping us refine our understanding of the...
...then I expect us to look something like this. Gut feel says bear due to all the good news are already out, yet we are here at 63k and not 70k. Trying to keep an open mind as usual. Good Luck.
Clear bounces off the trend here, ETF flows are online. Number go up 🚀🚀 Calls on 60% AMEX:BITO 30% NASDAQ:MSTR 10% NASDAQ:RIOT thru Nov 2024
If you're considering trading BTCUSD, now might be the time to open a short position. The current price is 63587. Setting a stop-loss at 64350.00 could help manage risk. For potential profit-taking, consider three target prices: 63180.00, 62750.00, and 62040.00. Each target represents a level where you might consider closing your position to lock in gains. Keep in...
As one can see here looking at this chart, the dotted light magenta colored measured move line is more or less being overlapped by the daily 20ma(thin teal line) for double reinforced support and at the current moment the 20ma is maintaining support for now. It wouldn’t surprise me if price eventually wicked below it to retest the inv h&s neckline as support since...
We can see here if price action can break above the top trendline of the chartreuse bearflag by next week and then hold that trendline as solidified support, thereby confirming the bullish breakout, that the measured move of the break out would be identical to the measured move of the bullish breakout of the monthly pink falling wedge pattern. This is very...
Just as an addendum to my chart I just posted on the measured move target for just the channel portion of this bullflag, I wanted to include an updated visual for the full flag and its breakout target which is pretty much just ever so slightly below 100k. Will link the previous relevant chart ideas below. *not financial advice*
CRYPTOCAP:BTC #BTC Dropped below $62,580 support following bearish engulfing on last 4H, Currently trying to regain $63,144, RSI on 4H and 1D looks fine, Previous 1D closed bearish, $61,674 current support area, Needs $64,344 support to reattempt at $65,521-$66,323.
As long as the red box is not broken, it can see any of the lower green boxes and we are currently moving in the yellow area. Note that I expect a move from zone 4 and if zone 4 is broken, again It will be updated