Last weeks high: $66857.53
Last weeks low: $63230.46
Midpoint: $59603.38
The 4th Bitcoin Halving is now complete , the block reward has been cut from 6.25BTC to 3.125BTC . The reduction in reward creates a supply shock that changes the the tokenomics drastically. We now have a situation were miners revenue effectively halves overnight , despite this miners...
Last weeks high: $72799.81
Last weeks low: $66731.50
Midpoint: $60663.19
BTC HALVING WEEK!
A lot happened last week in the world of crypto, We saw our first prolonged sell off that led to BTC losing the 4H 200EMA support line, and reaching a weekly low of $60,600 .
What caused this drop? In my opinion and it's easy to say in hindsight, it's been a long...
BITCOIN is back at the 4H 200 EMA . The chart shows how since BTC flipped bullish above both the 50 & 200 4H EMA's , the moving averages have provided support when aggressively trending in the case of the 50 EMA (bounced twice). When BTC has a pullback/ranges we see that the 4H EMA provides support (bounced 4 times).
For the BTC rally to continue in the mid...
After a big flash crash during Friday seeing BTC once again test the 4H 200EMA support, the altcoin market took a much bigger hit that we've seen for some time.
In these times it's always good to see how projects react to these market conditions. A strong reaction at key areas after a big pullback can show that there are big players willing to add to or make new...
Last weeks high: $71365.43
Last weeks low: $67932.12
Midpoint: $64498.81
Trading can be a very complex and difficult profession to be profitable, however it can often be made more simple. The 4H 200EMA can be used to indicate the direction of the market, for 2 months now BTC has reliably been bouncing off the 4H 200EMA making it great support and an ideal...
Last weeks high: $68975.9
Last weeks low: $64863.9
Midpoint: $60752.0
Our first major pullback took place last week as BTC saw a weekly low of $60,752 , and notably the weekly high didn't manage to top the previous cycles ATH at 69K which does indicate a HTF Bearish Swing Fail Pattern. The 4H 200EMA providing support on multiple occasions and keeping the ...
Last weeks high: $73775.8
Last weeks low: $69170.3
Midpoint: $64564.9
After making consecutive new ATH's Bitcoin has now experienced it's first prolonged pullback. Before these last few days we saw each dip as more of a leverage flush with a near instant V-shaped recovery. This however is more of a traditional pullback, the main level of note is the previous...
Since the beginning of 2023 BITCOIN has been on a relentless upward trajectory. As the highest market cap cryptocurrency it often sets the tone for the entire market. When Bitcoin goes up it tends to drag the rest of the market up with it and the same when Bitcoin falls is the general rule of thumb.
This post is to showcase the difference between Bitcoins...
Last weeks high: $64271.5
Last weeks low: $57579.4
Midpoint: $50887.4
BITCOIN ATH IS IN SIGHT!
A crazy final week of February closing the monthly candle with a record single candle gain in the history of Bitcoin! A +52.8% gain in a single month ($22,134.20) .
This price action has lead us to a situation that has never been seen before in this markets...
Last weeks high: $42846.80
Last weeks low: $50286.30
Midpoint: $47725.79
BITCOIN has finally done it! BTC has flipped the all important 49K S/R level and has had a week of confirmation meaning 49K is now major support and a new trading zone has been entered.
Last week we saw BTC continue the rally that started the week previously with a near linear move...
Last weeks high: $48582.05
Last weeks low: $45414.55
Midpoint: $42247.04
What a crazy rally from BTC last week! From the very start creating the weekly low and the end of the week creating the weekly high with a near perfect linear move up.
With 49K as the local high consolidation just under this level is extremely bullish and with the halving moving...
Last weeks high: $43871.39
Last weeks low: $42838.73
Midpoint: $41806.06
Last week we saw the first month of 2024 come to a close as well as FOMC , this in my opinion contributed to the chop throughout the week with no clear direction in terms of trend. BlackRock continued to buy up BITCOIN and now hold ~ SEED_TVCODER77_ETHBTCDATA:3B worth of the asset....
Just a quick idea on the state of BTC going into the halving. The countdown to the next big BITCOIN event has started, THE HALVING
Historically this is the event that kicks off the BULLRUN every 4 years. Mining rewards go from 6.25BTC to 3.125BTC and this gives miners a dilemma, do they hold on to their BTC they earn and only sell to cover costs, this...
Last weeks high: $43584.42
Last weeks low: $41935.80
Midpoint: $40287.19
With the BTC sell off underway post ETF approval, we start the week hovering just under the previous weeks low of 41.5k. This area is the key S/R zone in my opinion and for now it looks like BTC bulls are struggling to reclaim that level.
I previously stated in the last weeks...
Last weeks high: $43821.44
Last weeks low: $42563.55
Midpoint: $41305.65
HAPPY NEW YEAR TRADERS!
A new year has arrived and with it another year of price action or BITCOIN. This year the general sentiment is as strong as it has ever been with ETF's & THE HALVING events in the first half of the year alone.
Last weeks price action showed a consolidation just...
A daily chart on BITCOIN is very simple to dissect, what BITCOIN will do from here is not so easy to work out.
The idea is to plan for what to do at the key levels and everything else in-between is just noise that wants to take your money.
How I see BTC is what you see in the chart:
- The immediate attention is drawn to the ascending triangle BTC currently...
Looking at 70k as a massive general target and 55k as a massive liquidity pool. Massive rising wedge in play here. We cant go up forever! 350k bitcoin book it!
Still going as predicted.
Bouncing back from the support, but with over a day to go for The Halvening, we can expect a small dump back to support before the Big Pump. Monday will be interesting!
