Hello There! Welcome to my new analysis of Bitcoin in the middle to larger timeframe perspective. Within recent times Bitcoin developed a determined bullishness from where on it continued to form several new highs and establish a solid uptrend also supported by events such as the BTC ETFs (Exchange-Traded-Funds) that were confirmed for acceptance. Now Bitcoin...
Hello There! Welcome to my new analysis of BITCOIN in the daily timeframe perspective. The current bull run is still holding on and BITCOIN does not back off and is printing one hew high after the other. This uptrend is backed by real events that support the bullish case such as the Bitcoin ETFs release which is the preliminary fundament of new and fresh volume...
A few weeks ago we published an analysis regarding the importance of the .786 Fibonacci retracement level in cyclical terms, showing that historically, every time Bitcoin (BTCUSD) has closed a 1W candle above that Fib level, it never looked back and it always tested the All Time High (ATH) soon after. Fast forward to today, BTC has already closed 2 straight 1W...
Bitcoin broke and closed above a key daily horizontal resistance, setting a new higher high higher close. Here are the next historical resistances based on a price action of 2021: Resistance 1: 58900 - 61000 area Resistance 2: 62300 - 64200 area Resistance 3: 65500 - 66300 area Resistance 4: 67500 - 69000 area The next goal for buyers will be Resistance...
Bitcoin (BTCUSD) is on the 3rd straight month that the 1M candle has touched the top of the Bollinger Bands (BB). At the same time the Bollinger Bands Width (BBW) is on the rise while the 1M MACD is well past its Bullish Cross. When all those three catalysts took place together in the past, BTC has extended the rally on top of the BB, which is something we...
Bitcoin (BTCUSD) has broken 3 days ago below the 4H MA50 (blue trend-line) for the first time in 2 weeks and so far remains under it, unable to regain the bullish momentum of the first half of February. But how bad can that be? Does it jeopardize the long-term bullish trend? For now not. Even though the February 15 High was technically a rejection on the Higher...
Two days ago, I mentioned my expectation of a significant correction in BITSTAMP:BTCUSD , and I am considering selling in the 54,500-55,000 zone. While my view on a strong correction in the medium term remains unchanged, the short-term outlook remains strongly bullish. Upon examining the short-term chart, it's evident that Bitcoin is well supported by bulls...
Bitcoin (BTCUSD) has rebounded strongly since the 39000 Low and has left the 1D MA50 (blue trend-line) significantly behind, with many wondering if a correction back to it is due. That would technically be reasonable and an optimal level to add more buys but it is not necessary to happen. A simple comparison with the 2020/ 2021 Bull Phase (right chart) offers...
✅Bitcoin has managed to form a Rising Wedge Pattern near the 🔴 Resistance zone($52,820-$52,460) 🔴. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔After breaking the Support line , I expect Bitcoin to go Down to at least the 🟢 Support zone($50,840-$50,200) 🟢 in the next hour. ❗️⚠️Note⚠️❗️: An important point you should always...
Bitcoin (BTCUSD) made last week a closing that is going under the radar by the market. The closing of the last 1W candle was made above the 0.786 Fibonacci retracement level from the November 2021 All Time High (ATH). But why is that of such a significant value? Because every time in BTC's history it closed a 1W candle above the 0.786 Fib of the ATH, the price...
In the kingdom of crypto, BTC makes a decree and others follow, Lots of ranging market experienced over the past few days / week is not strange as the momentum to push upwards needs to be gathered, That seems to have been completed, The bulls are ready for a new ride...... At DANCOLNATION CAPITAL, We shall be monitoring candlesticks formations and chart pattern...
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👋Hi everyone. 🚀Bitcoin continued its upward trend after a series of News and Joe Biden's strange Tweet (red eyes). 🏃♂️Bitcoin is moving near the upper reaches of the 🔴 Heavy Resistance zone($53,000-$47,000) 🔴, Resistance lines , and 🟡 Potential Reversal Zone(PRZ)($52,700-$51,780) 🟡. 🌊According to the Elliott wave theory, it seems that Bitcoin has...
Bitcoin (BTCUSD) has broken aggressively above January's Highs and hasn't been that high since November 2021! The December - January consolidation is history and what technically follows consolidation periods are phases of strong trends. We can in fact gain remarkable insight by comparing BTC's bullish run since the November 2021 market bottom to the runs of...
🏃♂️Bitcoin is moving in the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🌊According to the theory of Elliott waves , five impulse waves have been completed in 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡. 🔔I expect Bitcoin to fall at least to the Uptrend line , and if...
Bitcoin (BTCUSD) has been trading within a long-term Channel Up pattern since the November 21 2022 market bottom. The price broke today above the psychological level of $50000 and is about to touch that very top (Higher Highs trend-line) of the Channel Up. As the 1D RSI broke above its 4-month Lower Highs trend-line and is largely overbought near 80.00, this...
🏃♂️After breaking the 🔴 Resistance zone($44,700-$41,780) 🔴, Bitcoin has reached the top of the Ascending Channel with the help of the Symmetrical Triangle Pattern . 🏃♂️Bitcoin is also currently moving near the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡. 🌊In terms of Elliott wave theory , Bitcoin seems to be. It has completed wave 3 at the top of...
Bitcoin (BTCUSD) is about to form a Golden Cross on the 4H time-frame, which will be the first such formation in almost 5 months (since September 18 2023)! Regardless of the time that has passed since its last occurrence (which is a strong parameter), that pattern alone is a strong enough bullish signal for the short-term. This can be the signal that can trigger...