Bitcoin has been consolidating around the 20 moving average leading up to it's halving. Yesterday, there was a minor shakeout from a high of 71,266 to a low of 65,110. I would expect the probability is for Bitcoin to continue to consolidate around it's 20 moving average. With a likely possibility of a breakout peaking during it's halving scheduled on 4/19/24 at...
Hello dear friends! Please discuss with me!
BTCUSDT is currently showing signs of recovery after a string of sharp declines, currently trading at around $66,500, up 1.38% on the day. However, there remains some uncertainty as to whether the uptrend can reestablish, as the price has yet to break above the resistance at $67,600.
Overall, the previous downtrend is...
BTC must make it to at least $72,450. This will NULL and VOID BEARISH REVERSAL. I'm still with the same concept of a BEAR TRAP.
I have pips with ATR target at $70,902 but I conclude it won't end there, will go much higher as the BULLS keep pushing the price up.
Was this the SMART MONEY cunning move they had in mind? They Plotted retail traders to then cause a...
Bitcoin (BTCUSD) made a sharp decline on Saturday and is now in the process of recovering. The 1W candle wick dived as low as the low of almost 30 days back (March 20), extending the 1-month consolidation since March 13 High. This is of course directly related to the fundamental aspect of BTC's Halving, which is due at the end of the week and historically exerts...
The three black crows is the inverse of the very famous "three white soldiers" candlestick pattern.
The three black crows is a pattern that may predict a change of trend, in this case, the end or reversal of the current uptrend.
➖ The week is not over so this pattern is still in the making; not complete, needs confirmation.
Once the week closes, if it does so...
This means BIG TIME. It’s TOP WHITE NOT TOP BLACK. yellow trend line are equal body lows from volume.
BULLS shows small decline but still aiming big. As BULLS PUSH UP, this will void out any possible crash and will have a long bottom wick to push above and beyond.
MAKE ROOM FOR THE BULL
BTCUSD Trading Strategy:
In the short term, we are observing a continued weakening of BTCUSD, with the price dropping nearly $2,000 in the early trading hours of Friday. Despite some recovery for trend adjustment, scrutinized factors on the chart still favor the sellers.
It is advised to continue selling when the price touches and retests the 34 and 89 EMAs once...
Hello, dear friends! 😊The cryptocurrency market continue declining rapidly. Of course, Bitcoin is doing the same.🔻
I've shown You on my chart, what we might expect in the next week or two.👇
In the photo ⚪️ below is a typical price movement, breaking out of the triangle downward. Taken from a technical analysis book.📖
I think we can expect something similar....
Hi.
COINEX:BTCUSDT
😊Today, I want to analyze BTC for you in a WEEKLY time frame so that we can have a Mid-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
➡️As you can see, BTC is completed this pattern, and if it follows this pattern Price can grow a lot.
✅ Due to...
Hey guys,
Pre-halving drop confirmed!!! Now, we're gearing up for a major rally as local support holds strong.
Check out the chart analysis:
The recent consolidation took shape as a minor abc correction, signaling potential movement towards the 90k zone and beyond. Let's watch this exciting journey unfold together!
Share your insights and expectations with us.
Hello, dear friends! 😊Let's quickly take a look at the 3-hour Bitcoin chart.👀
We see a sharp decline in price, I have updated the boundaries of the triangle, and now it looks like we are moving towards the level of 64,000.💥
If we hold this level, there is a chance to stay afloat, but if the drop is more serious, the scenario I mentioned earlier may occur.👇
...
Concerns about Bitcoin’s recent decline, driven by fear and a risk-off attitude due to Middle East tensions, have arisen. However, this appears to be a healthy correction within the ongoing uptrend, ahead of the upcoming halving.
On a daily chart we are currently observing wave III after recent extension and there can be space for more upside, so after current...
Hey guys and girls,
Here is an updated chart from my (Nov 12, 2023) post
As you can see, this is only half of the battle!
Further targets: $ 74k, $ 84k, and $ 100k
Appendix:
Structure: 5-3-5 (Inverted)
Bitcoin halving countdown: 49 Days
Technical Section:
Wave 5 has two different relationships:
1- If wave 3 is less than 161.8% of wave 1 -----> the...
The tough market conditions are explained by the symmetrical triangle on the 512min chart
Watch today's video to understand how to spot it, why they form and what to do during a symmetrical triangle
Hi.
BINANCE:BTCUSDT
Chart is Speaking It Self!!!
Simple analysis...
It appears to be moving within a Ascending triangle on the shorter time frame. Currently, it is attempting a breakout. A breakout retest of the triangle would indicate bullish momentum. However, if there is a rejection and a breakdown of the triangle, a bearish move is also expected.
Stay...
Hello Bitcoin traders!
BTCUSD is forming a correction from the highs since reaching the $74,050 mark. But! At the same time, an ascending triangle is forming, which theoretically should see the price break the resistance at $72,750 and grow further.
It is worth noting that the mentioned support around the $65,500 and $65,000 areas could be followed by a...
