BTCUSD is on the edge, it is on the upper trendline, on the fibo levels, and from EW perspective, it's on the end of wave B, get ready for wave C, to 50,000ish. Cheers!
Bitcoin bull flag on the 3 day chart is a possibility? A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period. The flagpole forms on an almost vertical price spike as sellers get blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which form the flag. This pattern is...
SL: 65081.00 TP: 71822.00 In this trading strategy, I present a compelling opportunity for a long position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
A hidden bearish divergence is printing on the daily btc chart which means a trend (bear) is likely to continue
Red arrow show BEARS HAVE CONTROL but current candlestick reads SPINNING TOP WHITE (BULLISH) but it can reject. The LUS BEARISH candle reads BLOOD BATH but shows rejection. We must be careful when trading in this 2MO TF. But relax; we are still in a BULL MARKET. 2MO just proves we will have plenty of BULL and BEAR TRAPS with some scary dips.
Price is falling towards a support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 63,451.23 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 61,331.39 Why we like it: There is a pullback...
I am putting all of my energy in to coding support mechanisms for when I am doing real life activities If I were a single guy in his 20s I'd be able to chain a keyboard to my forearm and be present at every market move, but I am a family man who's out doing life therefore need virtual support to do the things I can't when I am not at my computer We live in a n...
Bitcoin (BTCUSD) just completed the final consolidation phase (red Rectangle) that as per the price action of past Cycles, is the final stage before the 1-year rally to the new Top. As you can see alt coin market (black trend-line) tends to bottom after Bitcoin's rally has already started and when it turns sideways again for a few weeks. Technically alts make...
Mix of estimated fair value / power law with diminishing cycle top corrections following the 4 year bitcoin halving cycle.
When they hate you work,when they gossip you work,it doesn't matter how others sees it but what is matter is what you see n trust what you do not what community n majority do,you do your own things your way.n trust your work nothing can stop you.
The Crypto Market Up Today! The crypto market is experiencing an upward trend due to several key factors: Increased Inflows into Spot Bitcoin ETFs: There has been a significant increase in investments in U.S. spot Bitcoin exchange-traded funds. As of May 16, these funds manage approximately $12.40 billion in BTC, up from $11.18 billion at the beginning of the...
BTC/USD is rising towards a resistance level which is an overlap resistance and could potentially reverse from this level to our take profit. Entry: 66,918.86 Why we like it: There is an overlap resistance level which aligns with the 127.2% Fibonacci extension. Stop loss: 68,692.48 Why we like it: There is a pullback resistance level that lines up with the...
Hello, everyone!💥 Today, let's talk about Bitcoin and its prospects for the coming years. What should we expect? Let's compare the two previous bull runs. To start with, every four years, the reward for Bitcoin miners decreases, a phenomenon known as halving. Why is everyone so waiting for halving? Well, when the next halving occurs, miners receive half the...
On Monday, we outlined a neutral trend of a lesser degree, as implied by the daily chart. In addition to that, we observed a formation of the inverted head and shoulders on the 3-hour chart, noting the potential for a small price surge if the neckline was broken to the upside. Interestingly enough, in a broad market risk-on move yesterday, Bitcoin (BTCUSD) rose...
As shown on this chart (28 Feb- 12 May), the market is in a sideways trend (clumsy indecision). Can't say that it annoys (to be honest) but, I can trust a thief to steal my car because he knows his job well, knows what he wants to do :) Indecision kills! What to do when you don't know what to do 1- Control Your emotions ;) 2- Nothing goes straight up...
An active downward movement began on a four-hour interval, but the closed trading volumes are not sufficient to sustain the correction. For a full reversal, another movement of BTC to the ~67,000 zone (marked in blue) is required. Readiness for a correction will be indicated by a large trading volume, and the further price movement will be downward until the end...
Hello everyone: The graph shows successive Wyckoff accumulation and allocation cycles linked together. Any trader can check the level and agree. If this trend continues, Bitcoin could reach the 50,000-52,000 level by the end of May 2024. But the pattern has actually been going on since early March. Accumulation and distribution.... Now it could be a downtrend or...
Is this a Bull Trap or are we just starting the bull run? Looking at Apr 2021 we see a similar scenario playing out with a pull back before a new all time high.