Seems my decision to walk out on my spot and leveraged longs in December was the wrong thing to do. Now that we traversed the end of the year with no major pullback and gone through this historic moment of getting the ETFs approved, the skies look clear ahead. The only lingering thought of how it might not be different is the traditional dump into the halving, but...
The day was volatile, as you can see from the candles with the long wicks up and down. Price pushed up to around $49,000 and down as far as $45,500. We had similar price action on the fake news, although that was faster and more violent.
As I continue to say, the longer term effects of the ETF are not priced in, and trading around the actual news event is...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Bearish clouds ☁️ loom over Bitcoin and Ether in the next 24 hours, signaling a downward trend. 📉 Meanwhile, Altcoins like Cardano, Litecoin, and Binance Coin are set to shine under the bullish sun, hinting at upside potential. 🌤️
Over the next week, a positive outlook prevails in the global crypto sphere, with bullish trends on the horizon. However, ATTMO...
The approval of the Bitcoin ETF has been already priced in
So, if you add the ETF approval with the bearish divergence with the ROC and a throwback is very likely
This could be a good opportunity for those who didn't buy this rally as the trend is still up
The key support zone is $40,000, I would not buy below this price.
BITCOIN is currently heading toward the daily support area, As well as bitcoin dominance is also near its support zone.
There are high chances to bounce back from support zone due to ETF
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Bitcoin 30-minute chart.
There will be a CPI indicator announcement shortly at 10:30.
The same goes for Nasdaq movements.
Same with tether...
I have this level drawn for like forever. If we look at the previous cycles we have a high chance of a 30% pullback from 49k. Nothing is for sure but i cashed out 10% of my crypto yesterday just for a peace of mind.
At least temporarily. When I look at this chart, I see imbalanced price action all over the place (purple boxes). And as we know with the smart money strategy, price will sooner or later make its way back into these areas.
So, my thinking is, if we get a break of structure (dotted line) followed by a re-test somewhere close to the imbalance above that area, or...
Bodhi is inherently lifeless
Ming Kinh Heron Flying Platform
Origin has no one thing
Who is the land of the earth?
Bodhi original has no tree
The mirror is also not a platform
Originally there was nothing
Where to stir up dust
Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line. It has completed " 12345 " Impulsive Waves and making its Correction. We have Strong Divergence we can Look for Short If it Breaks Lower Trend Line Otherwise Trend is your Friend
BTCUSD is creating a head and shoulders pattern. Bearish divergence is also present. Setting sell stop order below the neckline break of the head and shoulders.
Dear Traders,
Buying BTC aggressively right now appears to be a very dangerous adventure as there are quite a lot of fundamentals driving these pairs from the SEC approval to investors' sentiments.
One thing I know for sure is that Institutional investors would always want to buy at a discount/fair value and ride any asset to a premium.
For me, Considering the...
Was watching some YouTube and noticed MMCRYPTO sees a rising wedge on the 4 hour and definitely there. My concern here is this is the same pattern in reverse that spurred BTC out of that long lull it was in which you can see in my publlished previous ideas. Major support and falling wedge to drive it up, now reversed major resistance and rising wedge. That's...
BTC Chart Pattern: Exhibits a rounding bottom breakout possibility, targeting the crucial Fibonacci level of 61.80%.
Significant Recovery: Bitcoin experiences a remarkable upsurge, rising by nearly 180% from its January 2023 low.
Market Catalysts: The trading start of Bitcoin Spot ETFs and positive market sentiments propel BTC towards the $50K benchmark.
Technical...
