"Buy the rumor/Sell the news" is a phenomenon as old as markets. It was like betting on the sun not to rise tomorrow. I have talked to many Bitcoin enthusiasts who are perplexed by this occurrence. They were assured by various Twitter personalities that this week would see the largest inflow of capital into Bitcoin ever, price would rise, and if they just...
Since September 2023 Bitcoin has been in a rally predicated on the Bitcoin ETF launch. The chart has setup in accordance with my technical rules to finally short (bet against) the price action. I am also going to use this post to expand upon my broader bearish outlook on Bitcoin at present and into the future. I was definitively Bullish on Bitcoin in Q1 if...
📊🚀 Bitcoin's Pivotal Moment: Navigating the Crucial Support Level - A Technical Analysis Deep Dive 💹🧭 Hello everyone! In today's TradingView idea, we're delving into Bitcoin's current trajectory, especially as altcoins experience sharper declines. We'll focus on Bitcoin, as it's showing some unique behavior amidst market uncertainties. Bitcoin at a Crossroads:...
Currently experiencing a 12-month BEARISH Stophunt on BTC. This pullback is apparently due to Greyscale selling its BTC shares I see we will AT LEAST drop down to 40k, but lower is more than likely necessary for capitulation and a move higher. I see approx areas of support being 39K,35k,32k,30k,26k Anything is possible. I personally would love another OPP to...
🎉 ETF Approval: A Cause for Celebration or Concern in Crypto? Hello, traders! Today's update comes with a blend of excitement and a touch of caution. 🎭 The long-awaited ETF has been approved, slicing through the SEC's comedy of errors. Yet, amidst the celebrations, a sentiment poll reveals a split view: 32% are elated 🚀, 42% content but expected more 😐, and I'm...
By checking the bitcoin chart, we can see that the price, after Collecting the BUY-Side liquidity above of the $47,950 resistance with growth up to $49,000, followed by a fall and corrected to the range of $41,500! Now the price has reached a demand range, and if the price stabilizes above $40,400 and does not penetrate below this level, we can expect Bitcoin to...
In-depth analysis considers various factors: Despite the approaching Bitcoin halving. We consider the following: Acknowledging the historical price surge before the Bitcoin ETF launch, making it resistant to substantial capital investments. Recognising the lack of momentum post-ETF launch and the struggle to breach the upper resistance around 51-52k. ...
Doing some cycle analysis today and looking at the bigger trends. One thing I have been noticing is the correlation that Bitcoin has with last cycle's action. To me, Bitcoin is on track with last cycle, sometimes you just have to zoom out to see it. Too many times in crypto, people focus too heavily on the lower term time frames, trying to catch profit swings,...
Trying to make sense of what happened this week in the markets - glad that Tezos is getting some shine but what made this week interesting is that it coincided with Bitcoin's ETF - news which didn't really help Bitcoin all that much but it helped a *select few* coins, while most of them actually went down. My gut tells me that both $XTZ and NYSE:SUI have...
🎉 ETF Approval: A Cause for Celebration or Concern in Crypto? Hello, traders! Today's update comes with a blend of excitement and a touch of caution. 🎭 The long-awaited ETF has been approved, slicing through the SEC's comedy of errors. Yet, amidst the celebrations, a sentiment poll reveals a split view: 32% are elated 🚀, 42% content but expected more 😐, and I'm...
Traders, There are essentially four big reasons explaining this bitcoin pullback. Let's take a look at what caused this pullback and talk about where we go from here.
We observe the third head and shoulders pattern on the Matic H1 chart. If the price breaks the 0.8888 level, the pattern will be confirmed. Risk-reward ratio is 1:2
We are still waiting for our weekly close to come in, however thought I would share a quick idea looking at our current price action from a cycles perspective. Speculating the current move from January 2023 to now as the swing top of the '2024 Bear Market Recovery Rally', and comparing the 2018-2019 bear bull cycle to our current (using fib retracement). Key...
Spot bitcoin ETFs begin trading on US exchanges: On Wednesday, the SEC approved the launch of 11 spot bitcoin ETFs, and trading launched on Thursday. The approval of US-based spot bitcoin ETFs marked a historic day for bitcoin and crypto as a whole, opening the door to an entirely new set of retail and institutional investors. As trading started Thursday...
Four days ago, when Bitcoin reached the ceiling of the ascending channel and our team's indicator confirmed the issued short signal, we warned you not to pay attention to the news about Bitcoin like Bitcoin ETF and enter the short position by relying only on technical analysis. This signal will be valid until the Kumo cloud ceiling is touched.
- Selloff to start the trading day - Potential reversal forming around $46.63 with wicks below - Low trading volume = $4.3 million and counting
- Selloff to start the trading day - Potential reversal forming around $25.57 with wicks below - Low trading volume = $2.6 million and counting
- Selloff to start the trading day - Potential reversal forming around $26.87 with wicks below - NASDAQ:BRRR Bitcoin Spot ETF Performance After Jan 11 DebutLow trading volume = Only $737k and counting