The cryptocurrency market has seen a 2.50% increase in the last 24 hours, reaching $2.35 trillion on May 17. This is driven by the continued inflows into spot Bitcoin exchange-traded funds (ETFs) in the United States. As of May 16, these funds managed approximately $12.40 billion worth of Bitcoin ( CRYPTOCAP:BTC ), up from $11.18 billion at the beginning of the...
#BTC has started an uptrend since 16oct2023 (30 weeks ago) and then reached an all-time high in 2024, as values exceeded over 73,000 USD in March 2024 . when Israel bombed Iran's consulate , tensions escalated and risky assets like BTC dropped , on the other hand safe assets like gold rose . after that , BTC retraced and found support the 38.2 Fibo level ( while...
Daily Chart: Bitcoin is re-testing the pivotal resistance zone around $66,741 and striving for upward momentum. A daily closure above this zone could ignite a bullish advance towards the $69,466 resistance. Escalating past $69,466 is likely to result in the new ATH above $72,715. A rejection of $66,741 could signal a bearish momentum, exposing the $61,671...
There are many reasons why CRYPTOCAP:BTC could actually fall further from this descending channel, both on the chart and in the macro economy. Let's dig into my reasoning and how I came to this conclusion. Here is a list of negative factors: The macroeconomic outlook is bad. We will likely see poor CPI reports and disappointing FED meetings in the coming...
Expired BTC.USD Weekly outlook. 3rd WK MAY 2024 > BULLISH 📈 CORRECT Closed Price: 60,797 Target Price: 61,831 | Strike Price: 66,558 MAY15 24' Upper Range: 67,738 Lower Range: 55,925
Hello Crypto Enthusiasts, lets take a look at $Bitcoin on 1H. The Market witnessed an impulse on May 15, due to the news which saw it print 8 consecutive bull candles on 1H confirming that there is a strong interest from investors. It's always good to buy at discount positions to get a good RR. There's a gap formed between $62987 and $63537 which will be a good...
Hello Traders, Checkout the latest update on Bitcoin and ETH. Also in this video i have revealed our exclusive research on Bitcoin and ETH.
Bitcoin (BTC) surprised many on May 16th with a sudden surge that brought its price close to $66,000. This bullish move followed a period of consolidation and came amidst a broader risk-asset rally triggered by positive economic data from the United States. While some analysts remain cautious, others see this jump as a potential springboard for further gains,...
I have previously published a more detailed analysis if why this Arc is Valid but for thepurpose of this post, Lets just say that a Valid Trend line is made of a minimum of 3 touches and we have that here. The chart above shows us slightly more detail. I have raised the Future arc ( orange) so we can see it clearly. It also shows us that we have a little...
Hundreds of firms disclosed investments in the spot Bitcoin ETFs With the first quarter earnings season coming to an end and the deadline for regulatory filings expiring, a slew of financial institutions have disclosed their equity and crypto holdings. Interest in the 11 exchange traded funds (ETFs) approved by the Securities and Exchange Commission (SEC) was...
@everyone Trading in a bullish pennant pattern involves recognizing the setup and then executing trades based on the pattern's characteristics. Here are three key points to consider: ### 1. Identify the Pattern - **Formation**: A bullish pennant forms after a strong upward movement (flagpole), followed by a brief consolidation period with converging trendlines...
I was bullish on BTC until last Friday before the WAR news broke. It was beautifully making a bullish penant which 70% breaks towards the upside. However, it didn't happen this time and it broke towards downside and confirmed. Since we now got the confirmation of breaking downwards, I am seeing further downside now. Currently trying to bounce from 0.382 fib...
💎 In the daily and weekly time, it is moving in an ascending channel, and currently the current wave of the 3rd ascending wave has started from the bottom of the channel. 💎 Scenario 1: Currently, it is placed in an important resistance, which according to the shaded area in the confirmation of its correction process, we can wait for the candle to confirm that this...
Previous analysis worked out perfectly. We are in deep profits and i placed the stops at break even. But now, what's next for BTC? Probably it will not stop now, i think it will keep pumping at least till the $71.000 area where we can maybe have a retrace till $63-65.000. But it's still too early for that. For now, let's enjoy the ride
I have posted this before but now I have added anoterh dimension to the list. I have previously commented on the similarities between 2020 -> 2021 ATH PA and the current Path being taken. The Arrows point out Zones of interest previously discussed. But following on from a reminder yesterday, I decided to add the ATR indicator, I used to use this in 2021 and if I...
I have seen enough to determine that we are headed to a new all time high just like the stock market will see a new high before we head lower. If you haven't seen my idea on the SPX (see the link below). Looking at the BTC on the monthly chart, we can see that it looks like we are doing an expanded flat. As we can see the top in October 2021 was not the "real" top...
Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: On the Bitcoin chart there are actually only three lines which you need to draw: First you have a horizontal structure at $16.000 which Bitcoin perfectly broke towards the upside with the last cycle in 2020. Furthermore Bitcoin is creating an ascending...