The sad truth behind Bitcoin price is that it is still strongly correlated to Nasdaq's.
When Nasdaq made its support at 13 000$, Bitcoin dipped to 34 300 $ back in February.
Then in March, the Nasdaq tested once again the support, Bitcoin was trading at 37 500$.
From 15th of March to April, both prices rallied up, Nasdaq to 15 000$ and BTC to 48...
Good morning TradingViewers,
BNB is fighting this drawn downward resistance in white, reached 460$ early this month, got rejected to 395$ and is currently trading at 420$.
I am waiting for a breakout of this trend line and once that happens my first target will be 470$. Until then, price could continue falling in the near future.
Yesterday, I said that a breakdown was very unlikely.
Today, it looks like Bitcoin found a bottom and is following an upward trend.
On the short therm, Bitcoin could range between its current price and 40k. But the next key level is all the way up to 43.7k
Looking good for the bulls right now.
Today, Bitcoin has been retesting its ascending channel's support and bears' liquidations made the price push up to 41k in just a few hours.
The risk reward ratio for long is very good right now. The condition is that we remain in this channel which is in an uptrend by making higher highs and higher lows.
The first target is the channel mid...
This above is the well known Bitcoin Dominance chart. It keeps making lower lows and lower highs.
I hold zero BTC in my portfolio.
In the scope of an investor, there are plenty other cryptos with much more potential. Bitcoin remains the safest cryptocurrency with its proof of work, but people are starting to understand that it has very limited use cases, very...
Dear traders, we are at a crucial point for Bitcoin, as it once again retests the 45k resistance. We have been in bear market since 19 of November. The most times a resistance gets retested, the higher the chance of breaking it becomes. RSI is now rising above 50. I want to see a clear break above 45400 to turn bullish on the daily.
The daily chart key levels show where bitcoin price spends most of its time and volume.
Price tends to move quickly from one level to another, and from this we can see where Bitcoin could jump to on his next big move.
Currently trading above the 40500 key level, the next one is either 39000 or 46500.
On 4H the next...
Near approaching its daily resistance line at 11.776 USDT, with a potential reverse head and shoulders pattern.
The pattern needs to be validated with a clear break above the resistance line, and an increase in volume.
Target for NEAR would then be previous resistance levels, 1st at 13.5 and 2nd at 16.2
Bitcoin, of course, needs to show some strength to give a...
In this idea I will make an in-depth tutorial on how to use the Accumulation Strategy and how to automate it.
The strategy is in the form of an invite-only script providing backtesting and alerts.
Here is a link to the script page:
• Steady profits. Smalls...
Most of the info is on the chart.
Descending Broadening Wedges tend to breakout upwards.
The Triple MACD divergence is also a bullish sign.
The signal I am waiting for is a close above the upper trendline of the wedge.
The target would be the first (highest) high in the pattern. (40960$)
People are looking for safe infestment as inflation rises and threaten to accelerate.
Gold is one of them. Price is currently fighting this 1900$ resistance and is very likely to break out is the situation with inflation does not get better...
If Russia attacks Ukraine then oil price will soar and speed up inflation.
We already are on historical levels for oil, and if there is an invasion, we could see 130, 140 or even 150$ price for oil.
If that happens, inflation will literally explode. The actual 7.5% will be nothing. We might end up with 10, 15% like back in 1970 in Europe and USA.
In today's idea I will share a daily strategy and analysis for Bitcoin and see how Nasdaq is correlated to Bitcoin and why you should hold ETH or altcoins.
Bitcoin Analysis & Strategy
The analysis says that we are still bearish in daily, although price and the RSI have been making higher lows in the past month. It looks like more people are getting in, and...
On the daily timeframe, the trend has been bearish. The price has been making lower highs since December, finding support at 2.5$ before climbing back up.
However, price action has been narrowing , as we can see from these dashed lines forming a triangle. This is predating huge volatility could happen soon.
Clearly, if we break above the 0.382, which is at 4.8$...
DOGE, the meme coin , which can pump and dump based on a single tweet from Elon Musk.
Is there really a future in this coin ?
I don't know, but history has shown that it can be pretty volatile , and this is what traders are looking for.
What does price action tells us ?
The bulls are trying to push the price above the 20 day ema (in blue), for the...
Is it better to hold Ethereum over Bitcoin ?
As long as the price of ETH in BTC stays above this long term ascending support, the answer is yes.
Is it a good time to...
In my previous idea on Bitcoin, I was calling for ranging period. RSI did break out of its 3 months resistance, as well as price. This is sets up a change of trend.
Now on the daily it looks like RSI is building an ascending support with already two touches, and maybe a third to be confirmed soon as a few more bars will close.
When price broke through the 20...
█ BTC daily chart
It looks like BTC is going to be ranging in this area, currently trading at 35k usd after touching a major support price at 32k.
The RSI is showing a nice descending diagonal resistance line plotted in green on the chart, which is looking pretty similar to what happened one year ago. The RSI started to break above this line before turning it...