What a nice impulse up so far... Good ole BTC. Looking for a continuation higher within regards to the weekly and daily charts. This idea is the daily view you can ignore all the noise/lines besides the white arrows we will likely go higher than 1.272 but it will be a good start. there is also a possible move down in terms of correcting deeper but imo its highly...
Bitcoin is giving us good opportunity to add longs for the long term and mid term also. Price entered again an awesome buy zone, and i hope the price will touch the lower of the box to add some longs again. I think we will trade above $75k in the coming months, and every drop is a chance to add a little long exposure
Hello Traders and Investors, today I will take a look at Bitcoin . -------- Explanation of my video analysis: For more than five years Bitcoin has been trading in a solid rising channel formation. We saw the last retest of support in 2022 which was followed by a bullish reversal on the smaller timeframes and an incredible rally of 300% towards the upside....
The Ethereum (ETH) to Bitcoin (BTC) ratio has been on a downward spiral, recently dipping to 0.046 – a level last witnessed in April 2021 and briefly revisited in April 2024. This significant decline underscores Ethereum's current challenges in maintaining its position against Bitcoin's ever-growing dominance within the cryptocurrency market. Over the past year,...
Overall still bullish. Most likely target for a bounce is around $50k
Trading in a bullish pennant pattern involves recognizing the setup and then executing trades based on the pattern's characteristics. Here are three key points to consider: ### 1. Identify the Pattern - **Formation**: A bullish pennant forms after a strong upward movement (flagpole), followed by a brief consolidation period with converging trendlines that...
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Bitcoin, the world's leading cryptocurrency, has experienced a volatile period in recent months. However, a technical indicator on the weekly timeframe is sparking potential buying opportunities for long-term investors. This indicator is the Stochastic RSI, and a recent or upcoming bullish crossover could signal a reversal in the downtrend. Understanding the...
Perfect setup shared last week. Bitcoin has followed perfectly my ideas, and it's pumping hard. On lower timeframe, you can see it has break above trendline, and it's performing a nice range that could lead to a continuation of the pump
Hello, Skyrexians! It's time for monthly Bitcoin analysis. We decided to make it for you because there are a lot of bearish analysis among the influencers. Some of you are panicking with every local red candle. Let's decide if it's time to panic or not (spoiler - not)! From our previous overview nothing has been significantly changed. Bitcoin is following our...
Bitcoin was all the rage in the first quarter of the year. Price was appreciating fast and everyone was gobbling up shares of the newly approved ETFs hand over fist before the highly anticipated halving. Bitcoin climbed 91% in 50 days from the January 23 low to the March 13th high. However, after topping out in March around $74,000 Bitcoin has entered into a 61...
BTCUSD is exhibiting signs that it may be forming a head and shoulders pattern, a critical development that could indicate a potential reversal in the current trend.
Bullish scenario: $64000 is broken and run to $72000. If $72000 is broken, a bull flag formation occurs and 100k is reached. Bearish scenario: Rejection at $64000 and break of both price action support and moving average level at $60000. It drops up to $52000. Since it recovered quickly after the decline below 60k at the beginning of May, I think the bear...
The wise choice would be to be Bullish due to previous price action... although being at previous resistance means we could fall... Currently above 60K, a test of support expected (consolidation). We either drop or continue with the pump (Bullish).
CRYPTOCAP:BTC price action is currently consolidating in a Pennant Pattern.. Whether this Pennant is bullish or Bearish remains to be seen! Current Price: 64100 The Bitcoin Price has been consolidating btw a high of 73000 and a low of about 60000 for over 2months. Decision time is near! $Bitcoin price action needs to remain supported above 60k to go back to all...
I did not find the liquidity grab convincing, I will try to look short with a 15m down break from the month's high. In case of PWL manipulation, Long can be searched with 15-minute breaks.
Given that the JP Macro Trend script integrates DeMarker and momentum indicators and now includes the OBV data, we can refine the analysis and attempt to outline a more informed probabilistic outcome for the short and longer term. However, it's important to note that probabilities in market analysis are inherently subjective and can vary widely depending on...
we have a displacement after taken sell side liquidity and retest FVG so we will see a expansion to taken liquidity buyside at 67319 - Tading is probability control your risk management. Good luck !