Bitcoin has been forming a nice balance area for the past several days. Sideways consolidation after a trend is a stronger indication for that trend to continue than a pullback is. Sideways trading after a strong down trend should be viewed as a pullback that's unable to actually pull back. This is happening because new sellers are entering the market as fast as...
Hello cryptofolks Market is full of FUD is hard to determinant wich direction will take The sure thing is any pump over $30k can be a bull trap Bears have full control, any support can turns into a new resistance Be careful -Goodluck
Apparently BTC price reached an important upward trend line, what's next???!!!
🤗😉 What sup GUYS!? 🤘✌️ - in this overview I analyzed both 'Bitcoin' and 'Ethereuem' situation and 'TOTAL market cap' and 'TETHER Dominance' and the possible scenarios -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do...
🤗😉 What sup GUYS!? 🤘✌️ today I'm gonna look at Bitcoin from a different perspective in the CME Futures market, and we can see that bitcoin has recently lost a significant level of pivot Zone and is also trading under the Ichimuko cloud, both of them have made a more difficult situation for Bitcoin and at least should be able to. Return on the top of the...
$BTC on 1hr Bounce from 35.8k Not financial advice, but I see this bouncing back to 37k. What are your thoughts? Thanks, Kelly
Yesterday, Bitcoin plunged below 39 000 USD. However, the drop was quickly retraced and BTC bounced as high as 41 754.05 USD today. We continue to maintain a relatively neutral stance in the short term as we expect choppy price action to persist for a little longer. However, we are turning increasingly bearish in the medium term. Because of that, we would like to...
Bitcoin continues to exhibit choppy price action around the 40 000 USD price tag. However, that does not change our stance on it. We remain bearish with the short-term price target of 37 500 USD and medium-term price target of 35 000 USD. Technical analysis - daily time frame RSI is neutral. MACD and Stochastic are bearish; however, MACD is trying to reverse...
Bitcoin fell below 40 000 USD, and we continue to maintain the bearish stance. Although, we would like to change our medium-term price target of 37 500 USD to a short-term price target. Additionally, we would like to set a new medium-term price target of 35 000 USD. Technical analysis - daily time frame RSI, MACD, and Stochastic are all bearish. The same...
The entire price action year to date has been sideways. There have been attempts to break out of this range but nothing sustained. Longs and shorts can be entered with confidence when price touches either extreme of the range. The successively higher lows suggest that this pattern will eventually break out, but since the rising trendline is very gradual, I'd posit...
Hello cryptofolks Bitcoin struggling in $40k channel and wasn't able to break $50k This is my mid term projection on weekly TF Historically May is a bearish month for bitcoin -Goodluck
Bitcoin moved to its rebound from 38k to 40k as of this day, Some experts says it's going to bounce even to 37k bearish price. but it's triangle of life seems narrowing upon it's price movement giving us puzzle on what might happen after few weeks or even months. Is it pump or a dump the next quarter?
BTC1! (Bitcoin CME Futures) has double-bottomed above $39,500 trendline support (4-hour chart). If support prices hold, Bitcoin could rally over time to resistance prices above. Entry (long): $40,165 Profit Target +7% (exit): $42,915 Stop Loss -3.5% (exit): $38,640 Utilize stop loss, position sizing, risk management. Note: Crypto market has short-term...
The island top that was left above the 2 month balance range proved to be a powerful reversal signal. BTC has traded quickly back down through the balance area. Look for a test below the rising trendline in the next few days. We have seen 2 deep tests below this trendline in the past 2 months, but no daily close below it. A test below, followed by a daily close...
$BTC1 Potential Double Top What are your thoughts? Thanks, Kelly
I am watching the trendline pullback and I am also back on tracking the potential bear side Median Line on the right. Anyhow as first step I will check if prices will be able to hold the light blue zone of the channel on the left.
Here is the current status of all CME Gaps There are still a lot to go, lets see how fast we close the lower gap