Looking at this chart, I'm observing Bitcoin's price action against Tether (USDT) on the Binance exchange. We're using a combination of technical indicators and price levels to gauge potential future movements.
Firstly, the chart shows a symmetrical triangle pattern forming, which indicates a period of consolidation. A symmetrical triangle is typically considered...
✅As I shared with you in previous posts, Bitcoin attacked the 🟢 Support zone($69,000-$67,800) 🟢 two times.
🏃♂️Bitcoin is moving in the 🟢 Support zone($69,000-$67,800) 🟢 and near the Support line .
🔔Based on Market Cap USDT Dominance% (USDT.D%) conditions, I expect Bitcoin to rise to $70,200 at most and then attack the Support line . The Rising Wedge...
🏃♂️Bitcoin is moving near the 🔴 Resistance zone($73,700-$71,800) 🔴. Above the 🔴 Resistance zone($73,700-$71,800) 🔴is also an important 🟡 Potential Reversal Zone(PRZ)($82,800-$73,700) 🟡.
📈From the point of view of Classic Technical Analysis , it seems that Bitcoin has succeeded in breaking the lower line of the Rising Wedge Pattern , and there is also the...
BTC has been chopping sideway for the last few weeks, and its currently consolidating at its previous ATH.
What does this mean for traders and investors?
Well, as we take a look into the previous bull cycles, we saw some incredible gains;
BTC was released in 2009 , and it's experienced a bull run in 2013, 2017, and 2021 respectively.
An existing 4 year...
I’ve been tracking the Bitcoin Halving Cycle for many many moons, trying to analyze as many patterns as possible to give me confluence in a signal for this cycle’s top and bottom.
There’s five that I will focus on in this thread:
1. Trough to Peak
2. Halving to Peak
3. Peak to Trough
4. Trough to Trough
5. Fibonacci Extension
Note, I do not take the 1st Halving...
📈 With the current price of Bitcoin at $68,700, the marked levels can be analyzed with respect to this price:
💸 $64,081.71: This level is now acting as a support level since the price is above it. It could be a recent swing low or an area that previously had significant trading activity. If the price were to retract, this level might be where buyers could step...
This daily chart has me packing up my things and getting ready to run for the hills!
If we do break down from here and start to form some sort of Bat harmonic formation then I will be asking the age old question, "How low can we go?"
See my previous post below, which I think may end up reinforcing this on the weekly chart.
Could I be wrong? Of course, I...
- Believe it or not.
- There's nothing at 100k.
- the trend would not be respected.
- i was here when BTC broke 10k$ for the first time.
- At that time, most traders called for a top and scared.
- BTC didn't care and went straight up to 20k$..
- i see only 3 Scenarios.
1 : Orange : BTC retrace soon, then it will delay time, then ATH will be 220-240k.
2 : Green...
Bitcoin has deviated from its historical price action tendencies and reached new all-time highs before the bitcoin halving and without touching lifetime support! Does that mean we will continue to go up?
How do we trade this? 🤔
Bitcoin is clearly at a crucial moment in the market, breaking beyond the previous $69,500 all-time high and reaching just shy of...
🏃♂️Bitcoin is moving in 🟡 Potential Reversal Zone(PRZ)($66,120-$65,350) 🟡 and Resistance line .
🌊According to the Elliott wave theory , Bitcoin seems to be able to complete the Zigzag Correction(ABC/5-3-5) in PRZs (🟡 Potential Reversal Zone(PRZ) ($66,120-$65,350)🟡 has more chances).
💡Another sign that we can point to Bitcoin correction is the...
🧐Today, I want to analyze Bitcoin for you in a weekly time frame so that maybe it can give us a good view of the continuation of Bitcoin's movement .
🏃♂️If you look at the chart, Bitcoin is moving in the Ascending Channel in the weekly time frame, the ascending channel I have drawn seems to be a valid channel, so that the middle line of the ascending...
This Bitcoin (BTC) chart against the US Dollar (Tether, USDT) on the 2-hour time frame provides a rich set of data for a technical analysis perspective:
Ichimoku Cloud: Price is currently below the Ichimoku Cloud, which typically suggests a bearish trend. The cloud acts as a dynamic resistance area.
Resistance Levels (R1, R2, R3): The chart shows multiple...
Bitcoin is re-testing the daily support at $64,360.
A bearish break-out of $64,360 will push #Bitcoin lower towards $59,920 and, if broken to the downside, lower to $51,660.
BTC has to move bullish and break through $69,653-$73,423 in the daily chart for another bullish extension towards $78,223-$82,353.
Boost once read!
Thank you.
🏃♂️Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($63,000-$61,800) 🟡,the lower line of the descending channel and 🟡 Time Reversal Zone(TRZ) 🟡.
🔔I expect Bitcoin to temporarily rise to at least the upper line of the descending channel and then the 🔴 Resistance zone($70,600-$68,400) 🔴.
❗️⚠️Note⚠️❗️: An important point you should always remember is...
To what level can Bitcoin rise?
There is an analyst that I respect a lot, from Standard Chartered, who has considered the most likely target for Bitcoin's rise, the price of 200,000. I am more of a chart person, and we are going to go level by level, seeing the evolution of the price on the chart.
Financial advisors who have recommended their clients invest in...
In my previous analysis of BITSTAMP:BTCUSD , I expressed my expectation for Bitcoin to reach a new all-time high, which indeed occurred as the price broke above 70k and sustained that level for several days.
However, following a brief test around 74k, the price began to decline and fell back below 70k.
Now, a crucial question emerges: Is this a change in the...
My strategy is in the Bitcoin price correction phase after the euphoric bull run amid the adoption of Bitcoin ETFs. In a calm news environment on the stock market, I expect to see a rebound from the 0.382 level, in this area there is a GAP in prices and an imbalance in the same area. Given the tense situation in the economic space, I expect a breakout of 0.5 Fib level.
