BTC: Bearish -BAT detected.
Euphoria when the BalckRock ETF rose on BITCOIN and in the heads of investors
BEWARE of the BULL TRAP!!
I detected a Bearish BAT
caution
the EMA.50 and EMA.200 remain potential targets
LEVELS :
On the rise: 48 500-49 000
On the decline :
40 690
39 746
36 170
BITSTAMP:BTCUSD broke the short-term trendline after hitting the resistance at 44k. After few days of consolidation in the range of 43k to 40k, BTC finally broke the downward trend line and now facing short-term resistance at $43.5k. Once this level is broken with confirmation we can see higher highs and possibly until the next resistance level which is around...
Yesterday we had a nice attempt to breakdown to lower zones, literally starting that downward movement, but price recovered pretty fast.
We are still heading for that upper $45K zone, where we are expecting some major movement to lower zones to happen!!
Swallow Team
Limited Movement in BTC/USD:
⚖️ There hasn't been much movement in BTC/USD.
⌛ The market is still waiting for further confirmation.
Caution Due to Anticipated Bullish Events in 2024:
🤔 Traders exercise caution due to anticipated bullish events in 2024.
📅 Potential launch of spot BTC exchange-traded funds (ETFs) between January 5 and 10.
🗓️ Expected BTC halving...
It is expected that after some correction to the specified support range, a trend change will be formed and we will see the beginning of the upward trend. Crossing the resistance range increases the chances of an upward trend
And if the price crosses the green support range, the continuation of the corrective process will take place
Hello fellow traders and crypto enthusiasts! 📈📉
I wanted to share an observation on BTCUSD's recent movements on the daily timeframe. It appears that Bitcoin has reached a significant resistance level, forming a compelling two time Double Top pattern. The neckline of this pattern has been breached, signaling a potential bearish move ahead.
As we await a retest,...
CRYPTOCAP:BTC #BTC $42,070 support in effect, current daily with potential to put bullish engulfing on. Eying $43,145 test. RSI looking good, Low on volume as of now, Green days ahead 🤩🤩! $40,583 key support, $44,174 and $44,860 key resistance areas.
Greetings traders,
Our analysis on BTC/USD suggests that the correction phase might not be complete. Notably, the daily time frame reveals a compelling bearish engulfing candle, indicating potential bearish momentum. Currently positioned at the 0.618 Fibonacci level, the price is exhibiting signs of struggle to breach this critical level.
Trade Plan:
Entry...
As I mentioned in my previous post, BTC has been struggling around 43k region which is a new resistance level.
In 3 days timeframe, we can see that TSI bearish cross is initiating. By today, if BTC can't break back above 43.5 to 44k region, short-term bearish trend will continue.
Just be aware of some fake out. In renko daily, as I mentioned in my previous post,...
Historically, Hashrate and Bitcoin prices have a strong correlation. When hashrate increases more than Bitcoin price, it indicates a rise in Bitcoin price soon.
This indicator uses the formula:
Price/hashrate delta ratio = period price delta / period hashrate delta
Whenever the ratio between the price and hashrate of Bitcoin is positive, it indicates that the...
After reviewing many ideas, YouTubers and some great studies here..
I have just one question: how many more indicators could tell you we are near bottom?
Does it really matter if we were to go lower by maybe 10%?
To me, it looks like we are now really getting there.
What could trigger a true collapse? Curious to hear some counterarguments.
A bullish sun 🌞 will shine over the global crypto market in the next 24 hours, signaling an upside trend. Bitcoin basks in the sunlight, currently exhibiting a bullish trend on both the 1-day and 3-day horizons. 🌞
However, over a one-week horizon, bearish clouds will sweep in, indicating potential downside risks ahead for Bitcoin and most alts, as forecasted by...
The recent price action on the BTCUSD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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