BTC has reached the top around US$ 73700 on March 14, 2024 as it was clearly explained in previous publication.
Since that it's gone around 1 month till now, and no one new high was printed in BTC.
Bulls fade. Robust gain de-established. Upside bubble-alike trend transformed into detrend structure with flat top near US$ 73000 per BTC.
RSI (14) is sluggish...
The stock market had a monstrous performance in recent years and continues its secular bull run but If you compare it to gold it performs quite normally...and if you compare it to Bitcoin it has a disastrous performance. Looks like those monstrous performances of the stock market are mostly caused by the dollar devaluation rather than anything else
This is the CME chart where we can see the Bitcoin GAPs.
In the range of 66360 - 64190 we have a GAP that may be filled.
We have also had a bearish CH and the price has reached supply.
If the gap fills up, it's a good time to look for buy/long trades
Bitcoin's future is here due to growing ETF adoption. Here's a breakdown of the key points with a neutral perspective:
Key Points:
• ETF Adoption: The message highlights the increasing adoption of Bitcoin ETFs, which could be driving institutional investment.
• Potential Rally: This suggests that Bitcoin's price may rise significantly due to this new wave of...
Bitcoin futures managed to fid support above $60k before snapping a 4-day losing streak. Bullish momentum increased from GETTEX:64K , and the move lower since appears to be corrective in nature against the strong rally from $64k.
A bullish outside / engulfing candle formed around the 50% retracement level and above Wednesday's daily TPO VAH time price...
Everyone was talking about ChatGPT in the last quarter.
Investors were trading on a rush. Thanks to launch of the bot, well-known stocks, such as NVIDIA shares, have shown the highest profitability among all stocks - components of the S&P500 and Nasdaq-100 indices since the beginning of the year.
Previously low-profile AI stocks like MobilEyE Global , ...
With a candle that can be seen as a hammer, the price closed the gap by taking buy orders that were in the majority compared to sells, the candle is evident. In the related analysis I had written that it would be a very useful level, given that gaps often work well as supports or resistances, in this case it has become a very useful support, a perforation of the...
Previously in the Series..
👉 Launch of BTC futures on December 18, 2017
Bitcoin is down more than 10 percent in a week and crashed 80+ percent in a year.
👉 Launch of trading on Coinbase IPO NASDAQ:COIN on April 14, 2021
Bitcoin is down more than 10 percent for the week and crashed 50+ percent for the quarter.
👉 Launch of AMEX:BITO - the first fund based on...
One of the most anticipated online events in the digital currency ecosystem in H2'23 was the Litecoin (LTC) halving, that took place in early August, 2023.
As the cryptocurrency market prepares for one of the network's major events, the Litecoin (LTC) halving, investors and analysts were peering into the crystal ball of market trends in an attempt to predict the...
Looking at the Bitcoin CME Futures contracts we have to major gaps on the way down that are yet be filled.
These gaps can be found in the following ranges:
1) $34,445 - $35,775
2) $27,365 - $28,860
Now, let me ask you one question...
Who's selling?
Who is going to sell?
Who is selling now?
I ask this question because there is people around waiting for a...
... Then, dependent on what happens around the $20,000 level, up, then down, ... etc., etc.
This is all speculation, of course, then again, that is the name of the game. - Right?!
Trade it as it unfolds.
For this trade to be in play, Bitcoin still needs to drop about $2,000. That said, we hope BTC eventually trades down below 25K. This setup is considered a “bear trap” because traditional support/resistance traders are likely to be watching/sell a break below the 24756 low which printed on 6/14. Despite what traditional technical analysis suggests, making a...
Bitcoin has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The currency is moving within a rectangle formation between support at 25971 and resistance at 30488 .
Pivot Price: 27687
Resistance prices: 29051 & 29452 & 29807
Support prices: 26967 & 25971& 25303
In my last post , I made the case of Bitcoin going to 21k. In this analysis, I want to question that theory.
TLDR: I am questiong my last analyses of Bitcoin going to 21k, based on the current price action.
After the breakout of the support/resistance zone, I was certain 21k was confirmed. However, the next day, an engulfing bullish candle was formed. This...
Heaven can be cold
Baby, baby, when you lose control
Everybody needs someone 🅱
Be careful in the night
He can hurt you more
Baby, baby, as he did before
Come on baby, keep your hands of him
In the gypsy night 😘
It will come and go
Everybody knows
You make your own
Heaven and hell 💔
Daytime traders love for sale
You make your own
Heaven and hell
Statements full...
![BTCUSD: Bitcoin (BTC) "Bear Trap" [Daily] Long](https://s3.tradingview.com/e/erjFnXjd_mid.png "Bitcoin (BTC) \"Bear Trap\" [Daily] Long")
