CRYPTOCAP:BTC price action is currently consolidating in a Pennant Pattern.. Whether this Pennant is bullish or Bearish remains to be seen! Current Price: 64100 The Bitcoin Price has been consolidating btw a high of 73000 and a low of about 60000 for over 2months. Decision time is near! $Bitcoin price action needs to remain supported above 60k to go back to all...
Looks like we may have a while to wait for btc to recover and break this pattern May be looking at Sept/Oct for a breakout, hopefully sooner
There are signs of potential short-term bullish diamonds forming, suggesting temporary support for BTC and a possible upward thrust. This could coincide with the tech sector's earnings season, propelling BTC upwards towards the $66-$70k range (as indicated by the green line). Whether we see a bounce from current levels followed by an ABC zigzag correction, or a...
Bitcoin has finally broken below 60k and we are starting to see our bull trend get reversed!
It only takes a second and suddenly you see things differently.
despite being a very biased analysis, there is a certain foundation above the cup graphic pattern formed, we can also observe that it will first need confirmation of formation and break above to seek the target, if it does not form the graphic pattern, there is a serious risk of falling.
Bitcoin has recently exhibited signs of temporary downside momentum, with indicators suggesting a potential break below the lower band of the standard deviation. This analysis assesses the current technical dynamics and identifies key support and resistance levels for informed trading decisions. Key Points: Temporary Downside Momentum: Bitcoin is experiencing a...
I think we are seeing an opportunity for entry around the 200 Ema for the big Crypto's BTC, ETH, SOL. This is the flush, an ideal time to hop in and buy, since these areas are generally where markets will bounce back higher. Don't panic and buy before the next leg up.
Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is no Nasdaq index release today. MACD dead cross was engraved on the weekly chart. Nasdaq also seems to be in a...
I've been doing running updates on BTC since I declared my last attempt to short fairly close to the high. Read these in the post below. The conditions for a break now look much more likely. Here's a series of things suggesting BTC will now see at least 40K. Click on each of the below for more info: The Heiken Ashi trend has continued to develop. We've...
Current Landscape: Bitcoin's recent trading activity presents a confluence of indicators suggestive of market hesitation, with a current market valuation at approximately $63,950 USD. Amidst a broader bullish trend over the last quarter, recent weeks reveal a consolidation phase with a slight bearish tilt, reflecting a 1.44% retracement over the past week and a...
My previous chart. I successfully charted bitcoin going from 25k to 70k. C leg of the bullish cypher needs to hold as support. If support is confirmed. I'm looking for a bull flag breakout to 98k
Price is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 61939.30 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 63139.51 Why we like it: There is a pullback resistance...
Today guys, update is very short. This is the only picture that we need for now, although we cold find more bearish signs on higher time frames as well. Despite that BTC has tried to show couple of pullbacks up from our 62-62.5K area - reverse H&S has not been formed. Other words, market was not able to confirm bullish reversal and other bullish patterns that we...
A bullish cup and handle pattern is a technical analysis pattern used by traders to identify potential bullish trends in the price of a security, typically a stock. The pattern resembles the shape of a tea cup with a handle, hence its name. Here's how it generally forms: 1. **Cup Formation**: The price initially forms a rounded bottom, resembling the shape of a...
Hello dear traders! Overall, BTCUSD is changing the structure of the market observing a broken bullish technique, which can generally determine the medium-term potential. Price is testing $64.685, aggressively defended by sellers amid a wave of corrections and sell-offs The bullish momentum in general has been exhausted, the support level of 64,685 USD cannot...
Trading Plan: Long Position Entry..! 1. Market Situation: - Currently heading towards the 1w +fvg (insert specific market or asset). - Anticipating a price action to reach the 4h fvg (four-hour Fibonacci retracement level). 2. Expected Scenario: - Anticipating a potential rejection at the 4h fvg level. 3. Response Strategy: - If the expected rejection occurs,...
I have now moved back to a net long Bitcoin today at 50 to 65 % The up cycle is due in the window of Now to may 8th Then my work in bitcoin cycle should be in the last an sharp up phase to peak into mid June July 8 th Then I will take the view of a 50 to 618 pullback at a MIN best of trades WAVETIMER