Check this out. BTC cycles. This is the monthly RSI. Every time it hits that 82 line, where we are right now, it's right around the previous all-time high and right before the subsequent bull run
Bitcoin (BTC) has been consolidating recently, but analysts see this as a potential launchpad for a significant upswing. A technical chart pattern known as a "bull flag" is emerging, suggesting a bullish continuation could be in the cards. Bullish Flag in Play The bull flag pattern is characterized by a sharp price increase (the pole) followed by a period of...
BTC creating a huge bullish pennant on daily timeframe. Already touched support and resistance 3 times. If it breaks $72K, the swing TP should be $102K. Entry - Once it breaks $72K on daily timeframe and confirm TP - $102K SL - Daily candle close below $70K
BINANCE:BTCUSDT COINBASE:BTCUSD 📈BTC 2H📈 ⚡️Quick long position with medium risk status.⚡️ Bitcoin may continue towards the announced targets without any correction. But if the price pulls back to the entry area , as long as it is above the pitch-fork (near white support), the long scenario will be valid. TP 1-2-3 and SL are on the chart. ⚠️Don't forget...
We have formed bull flag on daily chart. RSI is holding strong around 50. We are building momentum for huge up move just after halving.
Bitcoin is forming a double bottom and a falling wedge formation this could indicate an extremely bullish scenario where we see bitcoin fly past $73,000 Take caution when executing the trade as a Triple top formation can also lead to a bearish case leading us straight to $58,000 or $59,000 on the low end Bullish Case is 90% Scenario Bearish Case is at 10%...
Remember to Like, Comment, & Follow for more in-depth analysis! Share with your friends! The greatest compliment one can give is a referral I've seen too many doom and gloom posts for Bitcoin, and there are macro and micro bullish patterns being layered with more bullish patterns as we get closer to the Havening. Bitcoin is in a descending parallel channel, but...
The Bitcoin market appears to be taking a breather after a period of intense activity in the futures market. Recent data indicates a decline in Bitcoin's open interest, a metric that reflects the total amount of outstanding futures contracts. This development comes after concerns arose about the futures market potentially overheating, which could lead to increased...
Bitcoin appears to be compressing near all-time highs in what looks like an ascending triangle. Previously, Bitcoin would pierce the ascending triangle to the downside and the result would be the liquidation of all of the leverage in the system, then the price of Bitcoin would proceed to chop around more before eventually moving higher. Essentially, the ascending...
I was expecting this drop some days ago and here you are. My buy zone worked out perfectly. Now it's getting ready to pump hard and probably hit a new ATH. Invalidation below my support zone
See analog to previous run. BTC hype cycles are easy to trade: buy at the parabola with a tight stop of -5% to -10%. Upside is as high as 100-200%. Also tracking on x.com
Bitcoin is at a very powerful support level and has clearly bounced off the previous level of support. It seems that it is now heading towards the next resistance level which is all the way to the upside (YELLOW LINE) This is a great time to buy with a low risk and high reward..
Typical liquidity cycle is 5-6 years long (65m). Buy bitcoin before an upswing (or end of QT) and sell when liquidity tightens. Macro is the best way to analyze markets? Adjust your stakes based on position of the cycle. Markets can have risk-on, risk-off episodes. Where Bitcoin is a risk-on asset. Use 10Y-02Y for guidance.
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...
Not financial advice. 🔥The next bitcoin target gonna be 85K. 🔥 Your choice 🤑
Bitcoin 4h chart forms a usual falling wedge pattern, it's more likely to hit ATH again around 85k before it makes a new consolidation targetting 100k price Crypto fear & greed index currently at 72, worst-case scenario is a pullback to lower prices around 55k
With Bitcoin's fourth mining reward halving just days away, all eyes are on the leading cryptocurrency. However, a recent price slump in Bitcoin Cash (BCH), a derivative of Bitcoin, is sending a potential warning sign to Bitcoin traders. Understanding the Halving Bitcoin's mining reward halving is a pre-programmed event that occurs roughly every four years. It...
The cryptocurrency trend was positive over the past 24 hours ahead of Bitcoin’s halving next week and despite the release of higher-than-expected US inflation data that initially pushed prices lower. “Whether the Fed cut rates 25bps in June or not isn't the long-term driver of bitcoin prices right now. It's a marginal factor. ETF flows + rising deficits matter...