The price of Bitcoin (BTC) is displaying weakness, registering a 3% decline in a day, with most of these losses attributed to news surrounding the Binance exchange. Testing a crucial support level at $36,788, and with the Relative Strength Index (RSI) indicating weakening momentum, BTC could face further declines. Increased selling pressure below the critical...
The imminent approval of Bitcoin exchange-traded funds (ETFs) signals a potential resurgence for digital assets, attracting institutional and retail investors alike.
The U.S. SEC is expected to greenlight ETFs by mid-January, opening the door for influential players like BlackRock and Fidelity to allocate a portion of their portfolios to cryptocurrencies.
This...
Navigating the intricate landscape of blockchain technology and cryptocurrencies, roundtable host Rob Nelson engaged in a insightful conversation with Lule Demmissie, CEO of eToro USA. Their discussion delved deep into the future of digital assets and the evolving trends in cryptocurrency finance.
Demmissie outlined how eToro users can trade not only bitcoin but...
In my opinion we can see the big guys left their footrpints in shape of secondry test which plays a major roll in Wyckoff Accumulation Method
I am not sure yet because of there are diffrent typs of Wyckoff Accumulation and Distribution so cant ruled it out which one is going to playout but the best method is wait and watch either we could find support at 15500$...
Hello traders,
I hope you guys are doing well with your trades.
BTC has made a sudden change in the recent price action but this was something that I already talked about in my previous analysis. After a good 7.5% gain from the lower support, BTC failed to break above the $37.9k resistance. It got rejected all the way to $36.4k where we have the 21 MA ($36.5k)...
Bitcoin's price is trending upward, attempting to recover recent losses that wiped out $90 million in open interest from the market. With the 25-day Exponential Moving Average (EMA) hovering at $34,572, BTC is striving to reclaim territory above the crucial resistance level at $36,788. To confirm an upward move, investors should monitor Bitcoin's price breaking...
Bitcoin witnessed a nearly 5% decline on Tuesday, dropping to $35,500 as the cryptocurrency market grows apprehensive ahead of November 17. This downturn resulted in the liquidation of 119,246 million dollars in long positions, erasing $90 million in open interest for BTC.
Alternative currencies also faced liquidation, totaling $194.57 million, under substantial...
Bitcoin experienced a surge to nearly $38,000 last week, marking its first such peak since May 2022. However, the cryptocurrency faced a retreat, sliding to $36,880 as traders awaited the release of Consumer Price Index (CPI) data on Tuesday. The overall CPI, a closely watched inflation indicator tied to changes in the cost of living, is expected to show a 0.1%...
Bitcoin has experienced a notable recovery over the past few months, surging from $25,000 to $38,000 in less than two months. The potential for further upward movement is anticipated in the coming days and weeks until it reaches the key resistance level of $40,000. The strategy involves waiting for the price to close above the minor resistance level of $3,718.5,...
On Thursday, November 9, the world's leading cryptocurrency, Bitcoin, rapidly surged above $37,000, approaching the $38,000 mark, marking its first such increase in 18 months. The remarkable 5.69% growth in less than a day (adding $2,000 to its price) is attributed to analysts at Bloomberg anticipating that the U.S. regulatory agency, the SEC, will face a "short...
On Thursday, Bitcoin prices experienced a sharp rally, reaching a new 18-month high of around $17,999 before returning to $36,419. BTC/USD continues to trade within the confines of an upward channel on the 60-minute chart.
The price of the leading cryptocurrency is currently trading above several levels of the 100-hour moving average. As a result, Bitcoin has...
Hello Traders,
BTC has experienced some recent volatile movements, causing concern among many in the trading community. In this update, I'll provide an analysis of the possible BTC scenarios.
1. The breakout above the resistance trendline, marked by a substantial green candle, appeared unsettling. This was followed by a significant red candle, as illustrated in...
Hey there i am memo here i am sharing the Wyckoff distribution method which i noticed on 15 minutes
which is inside of ( large distribution phase C, ( UTAD ) on daily timeframe )
remember that this target is based on shorter timeframe but because of large distribution method i could see a Huge crash in Bitcoin
Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Consolidation Phase as an Corrective Pattern in Long Time Frame. Completed " ABCD " Corrective Waves. It will Reject from the Lower Trend Line of the Corrective Pattern " Symmetrical Triangle " in Short Time Frame or from LTL of Consolidation
Entry Precaution :
Wait until it gives Strong Bullish Price Action Rejection
Bitcoin's price has surged, reaching a 17-month high of over $35,200. This rapid increase of nearly $5,000 in just one day has pushed the total cryptocurrency market value beyond $1.24 trillion. As predictions about a Bitcoin ETF continue to rise, trading volume is nearing the $100 billion mark. Despite the upward trend, warnings about potential risks associated...
I posted a similiar chart as private idea some days ago. ()
This idea here is an updated slightly adjusted version.
If i look at the big rise from 2017/2018 and our current swing i see certain similarities.
1. We created a top.
2. Downtrend and retest of the 50% of the swing.
3. Uptrend from the 50% and creating a swing high that takes out the big upper...
M1 has caused problems for us BROTHERS. The current market divided by M1 resembles the gold market during a bear market, but it is happening three times faster due to the digital age. Based on this model, BTC may reach 35,000$ in 2023, undergo consolidation until the halving, and then drop to 8,000$ before beginning a new macrocycle.
It is important to note that...
![BTC: [UPDATE BTC] BItcoin/M1 vs GOLD. Do you see it?](https://s3.tradingview.com/m/m42gPy3q_mid.png "[UPDATE BTC] BItcoin/M1 vs GOLD. Do you see it?")
