BINANCE:BTCUSD is not on the rise. Surprisingly to many, the price continues to decline even after the halving. The situation reminds vvot BTC-ETF, when before the growth, MM collected liquidity accumulated at the bottom. The trend is still strong and bullish. The price is in a sideways range and continues to collect liquidity. The range boundaries are 73500...
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
Simple: Each cycle must have the RED MA cross over the GREEN MA and just then will the trend begin to fall. Cycles 1 and 2 have been tagged by PI CYCLES. I used trend lines to help with guidance to ALL-TIME HIGHS. MA's agree with PI CYCLES. Cycles 1 and 2 both have the RED MA crossing over the green. As RED MA crosses over the GREEN MA, the candlesticks begin...
Hello everyone, do you think we should be buying or selling BTCUSD at this time? From my personal analysis, after examining the 4-hour technical charts and other technical indicators, it appears that the sellers are still in control. The price is trending below both the 34 and 89 EMA lines, and the bears have successfully breached multiple marked support levels....
Bitcoin to US Dollar (BTCUSD) is currently trading at $63,371.96, showing a promising trend for buyers. Considering the current market conditions, it's advisable to open a buying position now. Setting a stop loss (SL) at $62,500.00 can help mitigate potential losses in case the market moves unfavorably. Moreover, setting multiple take profit (TP) targets can help...
As I promised in the previous post, I am doing a more detailed analysis and positive variant and completion of the correction. Having selected a lot of fractals, about 20% of the low after the previous high made a deep correction (more than 50%) and these movements were impulsive with a quick return. In our case it will be a break of the channel support line and...
Bitcoin (BTCUSD) hit and broke yesterday below the 1D MA100 (red trend-line) for the first time in more than 3 months (since January 23 2024). This is progressively turning the majority of news and traders across the market bearish and in full confidence of shorting to even lower prices. Should long-term investors panic? The answer appears to be 'No' and in fact...
Hello all dear traders! A potential peak at the $74,000 region has pushed BTCUSD into a downward correction following a technical bearish wave pattern. From the 1W chart, the support at $65,500 failed to turn BTCUSD around and the downtrend continued. Both short-term and medium-term prospects show that the bearish trend is gradually strengthening. If the...
Hello all dear traders! Overall, Bitcoin's recent price drop on May 1, 2024 changed general sentiment, but it appears to have been a bear trap, leading to mass liquidations and a subsequent decline in the overall market. can. Currently, Bitcoin is trading close to $63,000, and in the past 24 hours, it has experienced greater than 6% growth. Over the past 7 days,...
The current optimal buy zone for BTCUSD is at $62,357.00. This suggests an opportune moment for investors to enter the market and capitalize on potential gains. Additionally, setting take-profit levels at $64,138.00, $64,750.00, and $65,480.00 can help maximize profits by strategically selling as the price rises. It's important to mitigate risk by implementing...
In the dynamic world of cryptocurrency trading, seizing the right moment is paramount. As the BTCUSD pair opens with a sell opportunity at the price of $57,575.74, it presents a strategic entry point for traders seeking to capitalize on market movements. With precision, the suggested sell position at $57,575.84 offers a calculated approach to potential gains. To...
Bitcoin has retraced but not back to the 60K major support which I wrote about in my previous article. Instead, it is in the process of establishing a higher low along with a bullish pin bar (see arrow). The current candle has taken out the high of the pin bar which can be interpreted as a signal for a swing trade long. IF momentum takes hold, it is within reason...
Hello everyone, what are your thoughts on BTCUSD? Taking a close look at the technical chart, BTCUSD is currently forming a cup and handle pattern, and the price continues to follow an upward trajectory as per the long-term trend. It is anticipated that in the near future, the price could reach $90,000 as it approaches the ascending trendline formed by the...
Hi everybody. The H4 setup shows strong resistance from the market with bears holding the price amid corrections and sell-offs. It stalled after a decline around the $57,718 mark reaching the price channel limit, with the current trend an upside is possible but unlikely to last long as it approaches the resistance level. In such a scenario, the technical down...
BTCUSD is currently at a price of $61,924.00. Considering market trends, it might be a strategic move to open a selling position at this point. Setting a Stop Loss (SL) at $61,120 can help mitigate potential losses if the market moves unfavorably. On the other hand, there's an opportunity to buy BTCUSD at the current price of $61,924.00, anticipating a bullish...
Triple bottom zigzag with a double bottom, Key Level with smart money bullish contraction. Trend line breakout guidance. Head and shoulders pattern. Double bottom is making its way through the breakout line. According to the triangle shape, the whale value line will push down for a pullback. Despite all I've said, it means nothing unless volume confirms...
Bitcoin (BTCUSD) is about to test the bottom of the Bollinger Bands (BB) on the 3D time-frame for the first time in 3 months (since January 25). Right now the squeeze between the BB basis (blue line) and the bottom (green line) is extremely tight and since the start of 2023 this has been fairly accurate bottom call. The trend since the November 2022 bottom has...
Bitcoin (BTCUSD) is about to close today (unless the 1M candle closing is above 71500) the first red month after 7 green monthly candles in a row. The last month of losses was last August (2023) and since then we've experienced an unprecedented rally, fueled primarily by the ETF anticipation and then its confirmation. So is this alarming? Actually not. Sole 1...