In this technical analysis of the BTC/USDT 4-hour chart, we see that Bitcoin has been trading within a defined range, showcasing key resistance (R) and support (S) levels. The price is currently hovering around R1 at $64,257.65, with immediate support (S1) at $59,065.59. A bearish trend was evident as the price made lower highs, confirmed by the Relative Strength...
If you haven`t bought BTC before the rally: nor sold the potential retracement: After assessing its stability around the $67-67K range, it seems we're on the verge of witnessing a classic double top formation, followed by a retracement to $59K.
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...
Hear me out... I know it's just a couple of days before the halving, but the selling pressure is still strong on BTC and has hit the 60K level without showing signs of slowing the pace to the downside. This makes me think that 50K-52K is possibly in the cards because there really isn't much support until that zone as the order blocks are showing on the 4hr...
I have back tested this and there are 4 downward points of interest, all the wat down to 32K!! Don't think 32 will happen , but never retested. The white circles are where I have buys in, I do think that the low will be a kiss down to the circle between the 6.18 and the 7.86, the previous high before this run has never been tested either. when the market runs up...
Trading Setup: There is a Trading Signal to Sell in BTCUSDT Bitcoin (15m) (Futures) Traders can open their Sell Trades NOW ⬇️ Sell now or sell on 61778.2 ⭕️SL @ 63257.5 🔵TP1 @ 58400.0 🔵TP2 @ 55550.0 🔵TP3 @ 52100.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger...
Trading Setup: There is a Trading Signal to Sell in BTCUSDT Bitcoin (15m) (Futures) Traders can open their Sell Trades NOW ⬇️ Sell now or sell on 63898.7 ⭕️SL @ 64680.0 🔵TP1 @ 61570.0 🔵TP2 @ 59600.0 🔵TP3 @ 55550.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger...
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...
Bitcoin is following my plan. Perfect bounce and range at support, and now i placed my stop at break even to be safe. I expect a continuation of the upside moves, but i prefer to play safe because a possible manipulation can dump BTC, and if it will close below the support zone we could potentially see a 10% drop
Panic gripped the cryptocurrency market this week as Bitcoin, the world's leading digital asset, tumbled below the crucial $70,500 mark. This sharp decline was accompanied by a disheartening shift in a key technical indicator, signaling a potential bear market on the horizon. The CoinDesk Bitcoin Trend Indicator (BTI), long a trusted gauge of Bitcoin's price...
Breaking up this short term resistance is the invalidation. Not financial advice.
Base on the movement of BTCUSDT it's not bullish, not for now. In my opinion waiting for the right moment is what we should do in this time, I think after two or three days after HALVING, the market will choose its path. NO HARD FEELINGS FOR +2 OR +3%. . .
BITCOIN EW LONG TERM COUNT Primary Plan: Move from late 2022 looks extended, aiming at this as potential extended wave that should continue to drive the price higher this year. Wave (4) of III looks like a simple Zig-Zag for now and if we re right price should find support around 60,447-59,493 zone. Alternate Plan: We are going for Double Three (7-Swing)...
Hello guys, today I am back with an Elaboration on my previous Q2 Outlook ↓↓↓ With halving in front of us and all the hype it brings in, I can see mostly people who think that after halving we have to go to ATHs no matter what. So I decided to bring counter points to their views with reasonings as to Why I am currently more bearish than bullish. If you are...
Bitcoin (BTC) bulls cheered as the price smashed through the $68,700 resistance level, marking a significant milestone. However, the climb has stalled as the coin encounters a new hurdle - the $69,700 to $70,500 resistance zone . A decisive break above $70,500 could signal further bullish momentum. This area has historically proven to be a profit-taking...
At least this correction may end like this. This is the most optimistic path. The path is on the chart. Not financial advice.
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...
Here is my forecast for the bitcoin dominance chart: I think we could see a continued bull run on the BTC.D weekly towards the 70% (overbought) level by the end of this year - so you definitely want to remain overweight BTC until then. The picture also suggests that we may see another "alt season" near the end of 2024, as the crypto market heats up and we enter...