As can be seen dotted blue trend line is a very strong Gann resistance. Hence a strong pull back is very possible here.
Bitcoin just broke the key resistance level of the mid 44k's establishing a new high of 21 month since April 2022. The red circles on the chart indicate key breakout levels. 1) June 2023 the price rose above 26,800 with a daily candle close. 2) October 2023 the price rose above 31,400 with a daily candle close. 3) Jan 2024 the price rose above 44,700 with a...
Hello everyone, After an strong bullish movement that we saw from Bitcoin, Now I expect some side way movement in current price range which is defined on the chart. Key points are 45500$ and 52000$ as resistance areas. 40000$ support is also our strong support in order to maintain the price. Also don't forget about upcoming Bitcoin halving which occur on Friday...
Bitcoin's price is on the rise, and it looks like it might reach somewhere between $48,000 to $50,000 soon. People are excited, but smart traders are watching closely. They know that when a new Bitcoin ETF starts, it might cause a big change. The saying 'buy the rumor, sell the news' means that people often buy before a big announcement and sell right after,...
3 scenarios for 1. (Up case) Up then Correction - BTC can touch 40k (some technical shows that btc full reach for this wave is 48k, but I think it’s too stretch, especially now the approval window is behind us). After reaching this upper level, correction is due to happen - BTC cycle also suggest that 28th Nov should be the peak for this current wave 2....
🚀 Premium Crypto Signal Alert! 📈 🔔 Signal: BUY Asset: SUIUSDT 📊 Trade Details: Entry Point: Current market level "≈0.90" Target 1: 1.24 Target 2: 1.40 💡 Risk Management: - Only use 5% of your capital for this trade to mitigate risks. - Avoid going ALL IN on trades, even if you're confident they will succeed. - Do not invest your full capital; it's important...
Good evening from Ukraine! Dear colleagues, I am glad to welcome you! Work plan. Because it is necessary. There may be a slight deviation. Thank you all for your attention, I wish you success. Sometimes you win/sometimes you learn. - thoughts out loud - thoughts out loud - thoughts out loud P.S. ...Think positive)
Dear Traders, Bitcoin's halving refers to the event where the reward for mining new blocks is halved, occurring approximately every four years. This process is built into the Bitcoin protocol and is designed to limit the supply of new Bitcoins entering circulation. Here's how this event might contribute to Bitcoin's price potentially going up: Supply and Demand...
BITCOIN has been bullish and many traders are predicting it to reach 100k this year, which is more likely, but from the current price action ,it is showing some sign of weakness on daily chart, if it will fail to break FWB:48K there is a chance for bitcoin to drop to 15k-20k ..
I sold all my bitcoins last week, anticipating this moment. What we are witnessing here is a consolidation point. There are three structures that could drive the price down to 28K and three structures, including a well-formed bull flag, that could take us to 47K. The intriguing aspect here is the presence of a symmetrical triangle that could cancel all the...
Today, Bitcoin revisited a crucial support level and has rebounded from it. Whether this support holds in the long run remains to be seen. It's a moment for bullish sentiment to shine. Should Bitcoin fail the bull-flag pattern and breach the support, the potential for a deeper decline emerges. Remember, following the trend often pays off. Statistically, the odds...
So many ways you can look at Bitcoin and all say the same thing. My goal is to highlight the different perspectives in the market Crypto. 1. Eaglizer Strat Daily: Price needs to reclaim 8 EMA (white moving average) for upside. 2. Range: Price needs to reclaim the Median level (white dotted line) for more upside. 3. Trendline: Price needs to reclaim the Trendline...
Down to EMA 150 at least while DXY will go up for a couple of weeks
By checking the USDJPY chart, we can see that after reaching the supply range of 144.740, the price faced a heavy drop and exactly as we expected, it hit our target and was able to drop even to 140.290! The overall efficiency of the main analysis has reached more than 1000 pips! I hope you have used it! I will continue to expect more fall from this currency pair!...
There' s important liquidities in 37 - 40K zone and 45 - 46K zone. Which one will be first grabbed? This is the question. + CRYPTOCAP:BTC daily stoch RSI levels are double bottomed, and $bitcoin 's price made W bounce , this is an optimistic factor. - But daily RSI has not broken yet and now testing the resistance. Optimistic factors are currently a little bit...
Hello folks, As we approach the end of 2023, and with the new year 2024 on the horizon, let's simplify our weekly chart discussion, focusing on key topics. 1. The Bitcoin Spot ETF: Amid the anticipation of traditional institutions entering crypto, concerns are widespread. A positive outcome from the ETF could propel a quick move toward FWB:52K , followed by a...
Its technical analysis, which according to Elliott has completed a 5-wave cycle and is currently undergoing a correction, is finalizing its wave b. Upon the completion of wave b and the initiation of wave c, a strong downward movement becomes imminent.
Technical Analysis and Outlook: During this week's trading sessions, Bitcoin has continuously traded within a Mean Res 44100 and Mean Support range of 41200. This indicates that Bitcoin is not yet ready to break through the completed Outer Coin Rally of 44500 and proceed to higher levels.