Last summer, as BTC tapped what I thought might be it's pre-halving high of about $31,000 USD, I used www.tradingview.com indicator to point out that we had tapped the trendline that generally indicates we are at or near a price high for the mini bull cycle inbetween halvings. It was right... for about 3 months. Then the entire crypto space exploded higher,...
Today we took a look at the BTC price, we are currently consolidating between 68K and 60K, I think we will be here for a bit longer and possibly retest 58K again or whick into it
It may seem funny or stupid! But this is my prediction of the current bullish market! Why ? Because firstly, there are still gaps that have not been filled, and secondly, there are orders that have been left! So, if Bitcoin is going to see more than 100k, there is a 90% chance that we will not see again the price of 10k until the end of our lives! So, before this...
Bitcoin is in a critical price zone as this bull run has taken us from $15,500 to $52,800. Is this a situation where we short? Or do we prepare for a long? How do we trade this? 🤔 Shorting may be an option for a lower timeframe such as the 15m or 1HR. I would not be shorting on the Daily or Weekly candles, but waiting for the price to pull back to enter a...
Bitcoin completed its measured move from the breakout at $31,800, to $37,800 and reached its peak at $48,900! As expected, we witness a sell signal at this level, indicating that the bull run is over. Should we short or long? How do we trade this? 🤔 My last analysis began just after the confirmation bar closed after the sell signal that wicked at $48,900. This...
Does the macd indicate weakness of the short-term correction, is the decline over? A rise now could also bring the price above 49k USD, but tomorrow's FED meeting will affect the direction of the price in the short term, so we have to wait to understand just how many cuts they will make on interest rates this year. Once this event has passed, I hypothesize a...
Bitcoin made it to the measured move target at $45,800 which was followed by a massive 11% sell-off in the course of an hour. This is the second major sell-off at these levels in under a month. Is this the opportune time to short? How do we trade this? 🤔 We have several data points in favor of a short. We've completed a Measured Move, three legs up in a bull...
After the proposed bill to stop the digital currency industry and the prosecution of former officials allied with this industry by Elizabeth Warren and the debt settlement of the FTX exchange, as well as the expiration of $2 billion in options contracts and the $400 million liquidation of long positions at a price of $42,800, The suspension of BitZlato...
After the interest rate and consumer price index were able to remain unchanged, there is a possibility of growth again after the market correction and the failure of the market collapse theory to the point of $36,000.
Bitcoin broke out of it's trading range between $25,000 and $32,000 and touched $44,800! Does this mean we're going to new all-time highs? I'm skeptical for a parade of reasons, all of which are based on historical and current data points. Let's dig in! How do we trade this? 🤔 Recent Data Since the trend reversal in January 2023 we've had three pushes to...
(REPOST with better chart) We know a bull run is coming, with ETF approval and institutional money adding to volume early next year. But how high could BTC go? Here's an educated guess: We just closed 8 weekly green candles on Bitcoin. You can't see the last time this happened in many TradingView exchange charts, because it was back in 2017, and most of today's...
It has been said that between January 5 and 10, the probability of the funds being approved is very high. On the other hand, Microstrategy bought 600 million dollars of bitcoin again. As you are aware, a Utah state court judge has threatened to sanction the US Securities and Exchange Commission for stonewalling the currency industry. Robert Kiyosaki has encouraged...
We know a bull run is coming, with ETF approval and institutional money adding to volume early next year. But how high could BTC go? Here's an educated guess: We just closed 8 weekly green candles on Bitcoin. You can't see the last time this happened in many TradingView exchange charts, because it was back in 2017, and most of today's exchanges weren't even...
Bearish divergence on the daily timeframe could trigger possible dump if loses the 35.5k crucial support at the moment. Strong liquidity zone 32.8k - 30.7k range. Watchout this level for bullish reversal.
Based on previous analysis and erroneous news that a Bitcoin futures fund was approved, the price was able to climb to the $30,000 range and then corrected. Currently, the price between 28,000 and 29,000 dollars is forming liquidity. The range that is the trend for 50 days is trying to break this level and can be considered as a sign of changing the structure of...
Bitcoin continues to range between $25,000 and $31,000, a pattern ongoing since March of 2023 as we wait for a breakout in either direction. The analysis in the chart below is one I conjured in October of 2022 and so far has been on point with one *critical* exception; Bitcoin has not touched the lifetime support line as I hoped it would by early 2023....
Bitcoin to hit support around 21 to 22k.if Bitcoin will not cross 28k and hold there then I am super bearish and if you want to short btc then don't short here. If btc break support of 25k then short and target will be 21700.