BTCUSD is going to break the triangle flag pattern, After reaching the 18 month high its briefly retrace back towards 35800.00 and bouncing back.36800 is currently acting as support for the bull Strong bullish momentum in the market will drive the BTC towards north. watch out the break and retest around 37200.00 level. Possible upper side target will be 38900.00.
Bitcoin has started the formation of the HH on the long term Channel Up as the 1D technical outlook got overbought again (RSI = 81.981, MACD = 1637.000, ADX = 66.110). The CCI is forming that same toppish pattern as July 10th, April 10th and February 2nd. We are targeting the 0.5 Fibonacci level (TP = 32,000). ## If you like our free content follow our profile...
👋Hi, everyone. I hope you have a great weekend. 💡Bitcoin is in a corrective phase during the last two weeks, but sudden Pump and Dump movements have shown that it makes it a little difficult for traders, so that a 🐮 Bull trap 🐮 was formed above the 🔴 Resistance zone($35,280_$34,830) 🔴. 💡Perhaps one of the reasons for the sudden movements during the last two...
Few are looking into what has perhaps given historically the most accurate results on Bitcoin, the 1M timeframe. Technically, it has just gottern out of neutrality and turned bullish (RSI = 56.333, MACD = 1504.800, ADX = 27.300) suggesting that the market is past the dangers of the previous Bear Market and has already started the Bull Market. The current rally is...
BINANCE:BTCUSDT recent price action on daily time frame indicates that a possible divergence can occur in upcoming days where it can take price to 29k or 28k where a strong buying is possible. Two possible scenarios, first price to touch $34800 price range and then enter with accurate risk management. Please risk accordingly to your trading plan and risk...
BTCUSD has turned overbought on its 1W technical outlook (RSI = 70.463, MACD = 1620.000, ADX = 29.717) as it made a new annual High. This is not the only technical benchmark it achieved as it formed a Bullish Cross on the 1W MACD and crossed over the formed support that turned into resistance emphatically. We see the same repetitive pattern on both prior Cycles....
BTCUSD is technically overbought on the 1D timeframe (RSI = 80.516, MACD = 1734.400, ADX = 57.748) after a very strong 10 day rally that saw it hit a trendline that most people haven't noticed. That is P1, the underlying pivot line that was the HL when the rally was initiated at the start of the year. A Golden Cross was formed on the first High of that January...
There are two big and very famous sayings in equities: 1. " the market is never generous ": things are not what they seem and logic does not usually work. Nobody gives money away. 2. " buy on the rumor and sell on the news ". Markets are anarchic and are driven, among other things, by expectations. The recent history of BINANCE:BTCUSDT is plagued by the...
1D time frame - Previous analysis about Bitcoin PRZ at 31k is wrong due to ETF releated news. Because original Diamond/Head and Shoulders are broken, we will talk about new perspective for 2nd bottom today. Firstly, dump from 69000 to 32917, there was a 0.382 Fib Retracement at 48189, then kept dumping until 15476. From here, we know the effect of 0.382 Fib,...
BITSTAMP:BTCUSD has had a major push breaking above the 30,500 resistance area. We just might see a push back into that area again to retest the broken resistance as a new found support, if it is sustained, price may end up pushing higher and if otherwise, we may see price pushing lower. Support areas to keep in mind, 30,500; 25,000; 19,500 and...
BTCUSD New forecast Bitcoin digital credit points increased by 3% during this week trading, achieving its gains for the second day in a row, recording the highest level in a week, in light of the positive sentiment that dominates the asset market. This is amid growing hopes about the possibility of regulatory authorities in the United States approving the...
Bitcoin crossed today over the 31,000 level for the first time since July 14th with the 1D timeframe reaching overbought technical levels (RSI = 79.604, MACD = 886.400, ADX = 44.053). The upcoming 1D Golden Cross has the strength to push the price even higher and in comparison with February, the parallel HH trendline around 35,000. We may then see a pullback to...
Since the beginning of October 2023, Bitcoin price has increased 8.3% and is approaching the psychological barrier at the 30,000 USD mark. Finance BankingBitcoin forecast next week: Approaching the 30,000 USD markDuong Lam • {Publishing date}Since the beginning of October 2023, Bitcoin price has increased by 8.3% and is approaching the psychological barrier at the...
12h time frame - We have talked about many potential top structures about Bitcoin, such as Head and Shoulders(ref.1), Butterfly(ref.2) and Diamond structure(ref.3). All analysis point out that Bitcoin is creating a huge top structure before next bull. This is also the last chance to catch a potential crazy dump in this bear period. If we take liquidation hunting...
It has been 76 weeks (532 days) since BTCUSD traded over the 1W MA100, a Resistance finally broken this week. Even though the weekly closing is critical, this mere breakout itself, opens the way for a Bullish Cross between the MA50 and MA100. The 1W technical outlook is on excellent bullish levels (RSI = 65.377, mACD = 378.900, ADX = 35.081) increasing the high...
BTCUSD is on a bullish 1D technical outlook and more importantly yesterday's rise pushed the 1W timeframe into technical buy levels (RSI = 55.657, MACD = 575.600, ADX = 23.863). This is more than encouraging as it keeps Bitcoin in Bull Cycle territory, over the 1W MA50. What we should be using as a benchmark is the Halving event. Next one is estimated to be in...
1D time frame - According to left chart, Bitcoin pumped rapidly on 25th Oct '19, which date range was around 198 Days away from 2020 halving, Bitcoin increased by 45% in two days. Next, Bitcoin made a waterfall over 60% since Feb '20, then Bull market was triggered. Nowadays, Bitcoin extremely increased by 20% in Oct '23, and we need around 200 Days to reach...
BTC has been very bullish since late September and early October, but has reached strong resistance at $28k. The orange trendline is a key price target where BTC bulls and bears are struggling to gain control over this price level. The trendline acted as support for a few hours before ultimately breaking below, and is currently acting as short-term resistance. For...