Bitcoin seems to be trading within an ascending channel, which is typically considered a bullish pattern. The price is currently testing the upper boundary of the channel. If it holds, we could expect a pullback towards the lower boundary. However, if the price breaks and holds above the upper boundary, it might signal a continuation of the bullish trend.
Looking...
Greetings, trader friends
Bitcoin is near the resistance level on the weekly time frame
It seems that there is insufficient liquidity behind this level
Also, the rising channel has broken from the top, which shows the pressure of buying and consumption of liquidity
According to the designed chart, we will expect a correction in Bitcoin
If a good pivot is formed...
THIS CHART IS BASED ON HISTORICAL DATE
In the first cycle, after the ATL,
> BTC took 532 days to break above it’s previous ATH.
> In the second cycle, it’s taken 546 days to break above its previous ATH.
> If history repeats itself, we could see a new ATH around 385 days from today, possibly by December
2024.
ROADMAP FOR BITCOIN HEALING
> First Halving: July 9,...
(3-EMA) with periods of 50, 100, and 350 days creates a bullish configuration, where shorter averages are above the longer ones, signaling a potential continuation of the uptrend.
The strength of the trend is also supported around events such as Bitcoin halvings, which historically have been associated with periods of intense price increases. The upcoming...
Current Market Phase:
As we navigate through BITSTAMP:BTCUSD pairs first phase reminiscent of October 2015, our focus is on achieving the crucial milestone of Target #1, positioned around the $128,000 mark. It is imperative to recognize that this level serves as a pivotal juncture in the trajectory of the current market cycle. Successfully reaching Target #1...
Bitcoin (BTC) has recently struggled to surpass the $38,000 mark but maintains a comfortable position above the $35,000 support zone as the market awaits the next significant move.
Notably, part of the prevailing consensus among most market participants is that Bitcoin is poised for a rally towards a new all-time high. This optimism is fueled by developments...
The chart is self-explanatory. All I have done is taken the Bar Patterns at the 15K lows and matched them with the lows at 25K, there are astonishing similarities. Go ahead and have a look at all the similarities I have highlighted.
This pattern suggests, we should soon have a pump to 39K region, then a dump to 34K region followed by a pump to 42 to 44K region...
As you know, I haven't been taking the time to share ideas lately
But now the market is at a critical point and I think it is time to provide an update
As you can see, I have entered a sell position
See and read additional information in the chart
wish u all the best :x
Hi traders..
Bitcoin's October Rally: Will History Repeat Itself?
October has traditionally been a bullish month for Bitcoin, with notable price surges since 2013. The only exceptions were in 2014 and 2018.
This year follows a similar pattern. Bitcoin showed stability leading up to the October 1st weekly close, having surpassed the previous month's end with...
I thought it was time to make a long-term chart, with all these wrong charts going around, hehe.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue to grow exponentially. This would lead to insane prices of many millions in 2025.
I am a long-term...
The chart posted is very simple to understand.
Bascially I have manually fitted a curve around the cycle highs and lows of bitcoin on a logarithmic scale and have measured the time it took for btc to tap the top curve once it has tapped the bottom curve, and it comes around 850 days approx.
This measure estimates the next BTC high to be approx 112000 USD around...
Hello, welcome to this BTC monthly update by CRYPTO SANDERS.
CHART ANALYSIS:- Current Market Status
The first fortnight of September has been largely non-eventful, with bitcoin mostly
consolidating below 26,500.
This comes as volatility in the market hovered close to a five-year low in August, with trading volume amongst exchanges falling by...
we have drop from 26300 - 27000 There are many sell orders in this area and it is a supply area.
and go to 24300 - 24200 it can make drop to 22000 you need the check live market then go up make uptrend After falling to the 24200 area, you should monitor the market trend to see the return patterns.
we can make 3 position at this way.
have a profit.
Hello everyone, there is a positive reaction of purchases and also RSI on the key time frames of 12h and 6h, I expect the formation of a bullish divergence soon, the target is $27500 - $28300.
Pullbacks are being actively redeemed, we can see this on the indicator of key volumes.
As you can see, now buyers are defending their approaches to $25400, which is...
Just as a heads up: BItcoin has made inverse Head and Shoulders, and pulled back to its Neckline. We can expect the target as shown on the chart. This is long term analysis, so we DO NOT expect to reach to that target very soon.
