I'm just simplifying things for you all #Bitcoin
#Bitcoin Daily Update:
Bitcoin closed the day at $42,100, showing promise in its current trajectory. The price successfully breached the resistance trendline, and there are expectations for a test of the $44,000 resistance level.
Several influencers and traders, including myself, previously speculated on the possibility of Bitcoin retracing towards the $30,000 range. However, it's worth noting the significance of the 100EMA in the daily timeframe, which, if I'm not mistaken, played out effectively.
Looking ahead, predicting Bitcoin's next moves remains uncertain. All we can do is analyze and evaluate probabilities. At this juncture of $42,000, it is anticipated that Bitcoin will challenge the $44,000 resistance. A successful break higher could lead to the next targets at $47,000-$50,000. It's crucial to keep an eye on the 100EMA as an invalidation point.
Additionally, it's noteworthy to emphasize the importance of the weekly close being in the green, as it holds significance for the overall market outlook. Stay tuned for further developments.
#DYOR
Bitcoin closed the day at $42,100, showing promise in its current trajectory. The price successfully breached the resistance trendline, and there are expectations for a test of the $44,000 resistance level.
Several influencers and traders, including myself, previously speculated on the possibility of Bitcoin retracing towards the $30,000 range. However, it's worth noting the significance of the 100EMA in the daily timeframe, which, if I'm not mistaken, played out effectively.
Looking ahead, predicting Bitcoin's next moves remains uncertain. All we can do is analyze and evaluate probabilities. At this juncture of $42,000, it is anticipated that Bitcoin will challenge the $44,000 resistance. A successful break higher could lead to the next targets at $47,000-$50,000. It's crucial to keep an eye on the 100EMA as an invalidation point.
Additionally, it's noteworthy to emphasize the importance of the weekly close being in the green, as it holds significance for the overall market outlook. Stay tuned for further developments.
#DYOR
Comment:
Bitcoin has continued to perform as expected, with its price retracing back to the major support area before pushing higher. The key area for reaching out remains the same, and there has been a significant consolidation on the chart when looking back. Therefore, we can still expect the same movement in these two zones.
Stay tuned for more updates
Stay tuned for more updates
Comment:
#Bitcoin is forming a rising wedge pattern in the daily timeframe, which is not favorable.
For the bulls to negate this pattern, they must successfully close a daily candle above 44k and the lower trendline.
If the pattern plays out as expected, we could witness a drop towards the 30k level.
Stay tuned for further updates.
For the bulls to negate this pattern, they must successfully close a daily candle above 44k and the lower trendline.
If the pattern plays out as expected, we could witness a drop towards the 30k level.
Stay tuned for further updates.
Comment:
#BTC has encountered rejection at the H4 horizontal resistance and is currently striving to sustain a position above the MA 200. A breach below the MA 200 would indicate a potential downward movement towards the horizontal support, where the Ichimoku cloud is offering additional support. A successful bounce from this level, combined with a breakout above the horizontal resistance, would serve as bullish confirmation.
Stay tuned for more updates
#DYOR #NFA
Stay tuned for more updates
#DYOR #NFA
Comment:
The Bitcoin market is currently exhibiting a rising wedge pattern with a support level of 40k. If this level is broken, it will confirm a bearish trend. In the daily timeframe, the 50MA is a strong support level. For Bitcoin to become bullish in the long term, it needs to close a daily candle above the 44k resistance level.
It is likely that there will be a period of consolidation within the designated zones until a definitive breakout or breakdown occurs.
Stay tuned and pin our channel at the top for more quality updates.
#DYOR
It is likely that there will be a period of consolidation within the designated zones until a definitive breakout or breakdown occurs.
Stay tuned and pin our channel at the top for more quality updates.
#DYOR
Comment:
Bitcoin: Not much has changed; as expected, BTC is consolidating within the designated zones. We still need a definitive breakout or breakdown to occur.
Stay tuned and pin our channel at the top for more quality updates.
#DYOR
Stay tuned and pin our channel at the top for more quality updates.
#DYOR
Comment:
In the daily Bitcoin update, the candle close remains below the resistance area. BTC is adhering to our projected path, with an anticipated drop toward the $42,000 support level. The daily close holds significance, whether below $42,000 or above $44,000, indicating the next directional move.
Stay tuned I will keep updating.
#DYOR
Stay tuned I will keep updating.
#DYOR
Comment:
Bitcoin (#BTC) closed the week with a rejection. Examining the H2 timeframe, it is currently trending within a symmetrical triangle. The price is within the Ichimoku cloud, suggesting short-term indecision. Vigilance is essential for a clear breakout or breakdown of the triangle to confirm the shorter-term direction.
On the daily timeframe, the strategy remains unchanged: only a break and close above the $44k resistance level would warrant consideration of a bullish scenario.
Stay tuned for updates; I'll keep you informed.
On the daily timeframe, the strategy remains unchanged: only a break and close above the $44k resistance level would warrant consideration of a bullish scenario.
Stay tuned for updates; I'll keep you informed.
Comment:
Comment:
#BTC UPDATE
BTC has invalidated the rising wedge pattern and is currently moving towards the 47K resistance level as expected. If BTC breaks above the 57K level, it is likely to bounce towards the upper trendline and make a new swing high.
Stay tuned I will keep updating.
#DYOR
BTC has invalidated the rising wedge pattern and is currently moving towards the 47K resistance level as expected. If BTC breaks above the 57K level, it is likely to bounce towards the upper trendline and make a new swing high.
Stay tuned I will keep updating.
#DYOR
Stay tuned for more updates.
#Crypto