Can't figure out this bounce as a start of megabull, rocket etc. #bitcoin #btc is now hanging in ascending channel and declination from this channel may trigger #btcusd price to take liquidations around 58 - 60K. It's a probability. Invalidation: If BTC reclaims 71K. Not financial advice.
This parameters basically shows you the cash money investors holding in their pockets right now. Currently, Total Blockchain market has 2.28 Trillions of dollars inside. USDT and USDC are most commonly used stable coins if we don't include FUSD which is not going to be mentioned in this section. Let's assume that all Bitcoin investors and traders holding their...
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Preferred direction: BUY Comment: The drop in tensions in the Middle East may have a negative impact on gold , but the technical part indicates the next surge upward. The US dollar is expected to continue to weaken, which could also strengthen gold's position. We are considering two long scenarios, where the most likely scenario №1 indicates a fall first...
Preferred direction: BUY Comment: The British currency also remains on the long sheet. Here, too, at the beginning of the week, as with the euro, we gave priority to purchases. Unlike the euro , this currency pair updated its local minimum, which made it possible to collect additional liquidity and liquidate “extra” buyers before potential growth. The...
My formula I works out for the previous three halvings accurately within 1% or 2% and I believe could and should continue to work for every event in the future. It called for a price of around $58,990 on day of 2024 halving. I wrote the formula in March 2022, If you want more details and proof then send me an email, my address is my profile name at G mail.
If #btc #bitcoin succeeds in breaking out this trend line and ichi cloud with daily close, #cryto and #altcoins will be more optimistic for a while.
OANDA:BTCUSD Entry: 61096.3 Target: 62400 Indicators like MACD and RSI also show bullish signals. Elliott wave theory also indicates that wave c of flat correction is completed. If the analysis is correct 61096.3 can break.
We can see that Bitcoin dominance is still on its way to the full breakout target from the double bottom pattern it broke up from a couple months ago. After breaking up from the neckline of the double bottom pattern it formed a bullflag and seems to have just recently broken upward from that bull flag. The target of the bullflag breakout lines up nicely with the...
BTC -time to rotate around the Value area The main reason why I think so Big liquidation already happened Often after it price creates the RAGNE market BTC just hit an important level with Volume and Open interest spike i expect rotation toward FWB:65K
If bulls have upper hand at preserving 66k then we are very much likely to keep the move up to 85k in coming days.
Just a reminder. Bitcoin's Halving is only 3 days away. Historically heavy chop trade took place before the Halving events. Only once (July 2016) did we see a new Low after the Halving. Chances are the correction will be over before the Halving. Do you really want to be holding shorts after that?? Follow us, like the idea and leave a comment below!!
Bitcoin (BTCUSD) touched today the bottom of the Channel Down pattern that started a month ago on the March 14 High. Ever since is posted Lower Highs and Lower Lows, dropping under the 1D MA50 (blue trend-line). Since the long-term trend for months has been a parabolic rally, this pattern can be seen just as a big Bull Flag, a necessary short-term pull-back before...
A beautiful example of cup&handle pattern. I think the bottom expected by the market will be around 58k. (If it fall, i will buy the dip) While everyone is afraid, the brave ones usually win more. My Bitcoin target for 2025 is 150k. What i share here is not an investment advice. Please do your own research before investing in any digital asset. Never take my...
Breaking up this short term resistance is the invalidation. Not financial advice.
Hi. COINEX:BTCUSDT 😊Today, I want to analyze BTC for you in a WEEKLY time frame so that we can have a Mid-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️As you can see, BTC is completed this pattern, and if it follows this pattern Price can grow a lot. ✅ Due to...
At least this correction may end like this. This is the most optimistic path. The path is on the chart. Not financial advice.
Bitcoin (BTCUSDT) presents an enticing opportunity as it nears completion of an ABCD pattern on the 1-hour chart. With an entry point set at $68,000, a stop-loss at $65,000, and a target price of $71,000, this setup offers a favorable risk-reward ratio for short to medium-term traders. Technical Insight: The formation of the ABCD pattern on the 1-hour chart...