I've noticed some weaknesses on the buying side, and in my view, the price of Bitcoin could drop from its current levels and reach below $29,000.
BTC could be singing "head, shoulders, knees and toes" song soon. Take a look at the structure, the RSI, and the Fib levels. It all matches my previous ideas. Also, we have to consider the idea that we're not in 2024 yet, the year of the halving. This is not financial advice.
I am buying and adding Classic Luna (LUNCBUSD , LUNCUSDT , LUNAUSD). It went to the Moon and then came back to Earth. Yeah, they pulled the rug or whatever, but it has potential. Moreover, it has proven to have a pulse, still.. So, I have bought millions, and will continue to stack LUNC. Where: a good level IMO is 0.000115 . Some Technicals: * Support...
Ethereum (ETHUSD) is trading within a 6-month Channel Down pattern with the price breaking above the 1D MA50 (blue trend-line) yesterday. The short-term pattern is a Megaphone within the Channel Down whose Lower Lows come in direct contrast with the Higher Lows of the 1D RSI. Thus we have a significant RSI Bullish Divergence which is holding since the August 17...
Unlike what people thinks, Bitcoin is in the supply zone, what means that it still has to go down towards 20-22K before the bullrun starts. As all coins follow Bitcoin, Decentraland has to dump around 30% despite the upcoming event. Decentraland is following a parallel channel, so it is at or below 0.19 dollars the perfect zone to buy. Not financial advice.
Technical Analysis and Outlook: This week, Bitcoin saw a surge in price, reaching Inner Coin Rally 29300 and Mean Res 29700. The next target is the Inner Coin Rally 30900 and a retest of the completed Outer Coin Rally 31700. However, it is essential to note that there may be some intermediate pullbacks along the way with the main target Mean Sup 29000.
With the current market momentum, and due to global economical and political situation, i predict bitcoin to shock everyone and surpass $80,000 by the end of the year, but a huge crash will come afterwards!
This is a well-known bull trap that whales use to earn money. 1st phase: They pump price hard, a big candle appears and people FOMO in. 2nd phase: They sell with benefits and people FUD, making price crash. Down there, whales accumulate again before pumping price again. 3rd phase: The 1st phase is repeated, they sell again up there with benefits and let it...
In the previous idea about Bitcoin, we emphasized the need for quick action in regard to cutting a short position with a breakout above $28,000. By now, this should provide one’s cryptocurrency portfolio with protection from the volatile whipsaws and allow for a calm reassessment of the situation. Rising volatility and resumption of the weakness in the stock...
Bitcoin (BTCUSD) is rising strongly today, against the majority's sentiment which after the ETF fake news earlier, was calling for (much) lower prices. We are almost on Monday's High, with the 1D RSI overbought above the 70.00 territory, but that may not matter at all, in case you are expecting a technical correction. Assuming the 1 year pattern is a Channel Up,...
Stacks (STXUSD) broke above the 1D MA200 (orange trend-line) for the first time since July 20. Our target last time (see chart below) on September 19 was 0.65000, which is the 0.618 Fibonacci level: The price is now on important crossroads. If the 1D candle closes above the 0.618, we will buy again and target the previous High at 0.89000. On the first closing...
Sorry for the previous publication. I'm doing it with my phone and the chart has been cut. This is the prevous post:
Bitcoin (BTCUSD) broke this week above the 1W MA100 (green trend-line) for the first time since the weekly candle of May 02 2022. The weekly candle closing is of particular interest as the price has quickly pulled back so far below the 1W MA100 (cointelegraph's fake news tweet). If it closes above it, then we may finally see an end to BTC's painful 7-month...
◳◱ We've detected a Failure Swing pattern on the OMXSTO:BICO / CRYPTOCAP:BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.00000815 | 0.0000085 | 0.00000921 and the major support zones are respectively at 0.00000744 | 0.00000708 | 0.00000637. It is a bullish indication and we...
BLURUSD crossed today not just over the 1D MA50 for the first time since July 14th but more importantly the top of the Falling Wedge pattern that has never been broken in its history. This turned the 1D timeframe technically overbought (RSI = 70.700). Since however the 1D MACD is on a Bullish Cross under the 0 neutral level, which means that it was massively...
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...
Kind of catchy title but 100% true nonetheless, at least according to this chart. On today's analysis we see Bitcoin (BTCUSD) on the 1W time-frame, supported by the 1W MA50 (blue trend-line). Every time on these Cycles you see it broke above the previous Resistance (dashed line) and turned it into Support without breaking it, while the 1W MA50 was supported and a...
Bitcoin jumped by more than $500 within a minute during the early European morning. Currently, it trades around $27,800, and once again, we will pay close attention to the critical resistance level at $28,000. If Bitcoin breaks above the resistance, it will be slightly bullish; indeed, it will also coincide with tight management of the short position, cutting it...