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.
Today's focus: BTCUSD Pattern – Range, seller test. Support – 62,000 area Resistance – 73,000 area Hi, traders; thanks for tuning in for today's update. Today, we are looking at BTC on the daily. With sellers continuing to check buyers, it continues to look like we could see a new move at support. But for now, buyers continue to hold firm from around the...
Every thing is good after the monthly close yesterday. We are in accumulation for while before continuing to the goal of inverted head and shoulders pattern around 74900-75000 Have a good day.
''Here you can see Elliott wave counting on Bitcoin price... It can be true it the wave count of primary correction of 4th wave be correct and it Bitcoin be in the 5th wave of primary degree... If the wave count be wrong, I should say that Bitcoin is in the end of B correction or the first of C wave of primary degree and maybe we see Bitcoin falling down.......
Here's a slightly different chart showing how Bitcoin will likelyt proceed quickly to $100k once we break the $70K triple-top resistance, which I see happening quickly. With Fresh NASDAQ:IBIT money continuing to flow into Bitcoin and the markets, this market has plenty of rocket fuel on the sidelines to send this rocket into the stratosphere. Not only does the...
As we said before first move isn’t for you but the 2ed is yours. Also we put 2 entries to minimize the risk.. 1- At 66000$ levels 2- In the demanding zone (box below) around 62000$ So what is next now? We may face some resistance to keep up price around previous all time high level (P-ATH) But in the end we will achieve this and we will move towards ATH as a...
Bitcoin has been trapped in a downward descending channel since March 14th 2024. It is continuously struggling to hold ground and important supports. Right now it is struggling to climb above 50 hours EMA (64612) indicating weakness. Even if 50 hours EMA is crossed there is channel top and 200 days resistance near 66072. In case Bitcoin is not able to cross and...
I wasn't expecting the price to rise so much, but doesn't matter. As we has seen lot of times, it's squeezing some shorts. And as always, the higher the squeeze, the deeper the drop. I don't think it will broke above previous high (but i can be wrong), but what is sure is that is going to drop soon. It's clearly a bull trap, and it can go up a bit more before...
- Just a quick update. - Remember that Fibo is magic and never lie. - Check Bubbles and Fibo Numbers. - Everything is in graphic. - Not a price prediction but just a possible scenario. Happy Tr4Ding !
Traders, Bought more BTC here. TBH, this just looks like another bull flag. I can see us hitting our heads on the 30k again where I may sell some but eventually that resistance will break. And I think sooner than later. Then we'll have to tackle that 31.6k level. If we can break above that, my prediction from Jan-Feb still stands - 37k by then end of the year....
BTCUSDT Near The Breakdown 1. Below the 50EMA 2. Blow The pivot Line 3. Near The Breakdown
Bitcoin yesterday performed a Long squeez building more liquidity to the upside.Still hope for a short squeez but if we go lower to 25K.full scenario explained Thanks for watching
Notes on the chart: • Month counting starts from where a new bull run begins and on the chart it marks how many months it took for the full cycle to complete (roughly 49mo). • Blue horizontal lines are BTC halvings. • Green zones are accumulation zones Overall update of the 4-year journey Back from our previous post we were looking at when the lows would be...
Inbound Horizontal resistance coming up for BTC? The orange zone acted as very strong support multiple times during 2021-2022. Good zone to keep an eye on 👀
We may see 1270000 again if breaks the support. Careful upside is very limit as resistance is strong and retested to further fall from here. Best buying may come next year Jan/Feb 2024.. Stay away from the bitcoin as per technical analysis. Upside break should be very fast as of now or it will reject and fall in coming weeks or months.
Do you think such a medium-term trade will work for BTCUSDT? Entry $29170 Stop $27999 (-4%) Take profit $32450-32750 (+18%) Potential profit/loss ratio = 4.5/1 The purple trend line since the beginning of the year is at $28350, stop at -1% below it in case of a squeeze. USDT dominance is in the middle of a multi-month consolidation. * USDT.D's upward...
Looking at this Daily BTC/USD Bitstamp chart from around Oct 2020 to 29th July 2023 (today) we can see a few obvious chart patterns that BTC is still in on this daily chart. 1) Ichimoku Y-Wave Pattern AKA a Broadening Wedge Pattern/Megaphone Pattern 2) Ascending Channel Pattern 3) Descending Channel Pattern 4) Rising Wedge Pattern We can clearly see the...
The BTCUSDT price has been consolidating in a narrow range of $30-31 thousand for 21 days. MM, which keeps the price in this range, has its own goals, which we can only guess at. We expected that yesterday's announcement of the "fresh" US CPI, which came in better than forecast (3.0%), would push the price of BTC up (SP500 +1% after yesterday's US CPI...