In this situation Clearly, Bitcoin price is likely to continue falling towards around 54,000 USD. This conclusion is supported by the appearance of a Rising Wedge (bearish reversal pattern), resistance at 67,000 USD, and the emergence of Bearish Divergence in MACD.
However, this is a risk, and don't use my trading idea accordingly, because my idea may not be...
Bitcoin (BTC) bulls cheered as the price smashed through the $68,700 resistance level, marking a significant milestone. However, the climb has stalled as the coin encounters a new hurdle - the $69,700 to $70,500 resistance zone .
A decisive break above $70,500 could signal further bullish momentum.
This area has historically proven to be a profit-taking...
The price could not touch its previous high and also broke the trendline
Considering the stronger downward momentum, I consider scenario 2 more reliable
Bitcoin (BTC) is currently finding support at $64,500 on the 4-hour time frame. The price is facing resistance at $66,100, and a breakout above this level could lead to a further rise towards $67,400.
If the market shows strength, this breakout could reach a target price of $68,700. Bitcoin's recent price action suggests a potential bullish continuation and a...
Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price came out of the local upward trend line.
Let's start by determining the support line and as you can see, the first support in the near future is $64,988, when the price comes out the bottom, the next one is at $63,198 and then at $60,780. Looking further,...
In a recent price movement, Bitcoin encountered resistance at $71,200 on a 4-hour chart timeframe. This rejection indicates that there were more sellers than buyers at that price point, preventing Bitcoin from breaking through.
However, there's some positive news for bulls. The world's leading cryptocurrency appears to have found support at $65,200 . This...
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A lot of people want to call tops on powerful moves. Bitcoin is approaching ATHs and up significantly over the last year. Yet NVDA, a stock with a market cap twice the size of BTC has already moved much more in the same time period.
BTC is currently, potentially creating a smaller Cup & Handle formation. (In white) And, a potentially larger Cup & Handle formation. (In Blue)
Bitcoin has been on an absolute tear the past few days, and these formations could come into play down the road if price action continues to fill them out. Whether it will be the smaller (White) Cup & Handle, the larger...
Price did push through the 50% and violated the inducement oder block and now I'm expecting it to drop from this supply zone. Low time frames change of character and retracment is what to wait for,for a confirmation for short orders.
Traditionally bitcoin has a hot month in February, so I think this "Inverse Head & Shoulders" pattern could possibly play out with confluence at $50,780 as a topping target around 2oth February 2024.
Bulkowski's Inverse Head & Shoulder:-
thepatternsite.com
It is always hard to tell what the future is bringing but if we follow few theories we can find this;
1- Elliot Waves are saying we have completed wave 5. It means A-B-C should start. Hence we should be able to make good entries at 36 and 32k.
2- We can cross with theory with Wickoff Distribution theory were we can find the BC and UT, UTH is not required but it...
Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price has dropped significantly and remains below the downtrend line.
After unfolding the trend based fib extension grid, you can see support at $40,602, and then strong support at $39,217.
Looking the other way, we have resistance at $41,476, the second at...
For this "Big W" pattern to be valid we have to assume the swing high, swing low pivot levels are valid in the context of Bulkowski's formula?
Bulkowski's Big W Pattern :-
thepatternsite.com
Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
I decided to take a small short position on BTC by 20% of the deposit.
Technical: The price received a good rebound from the countertrend line, and there are thoughts that we may see a transition from this rebound. Therefore, I will act...
Its seems my previous post may have been premature but this possibility is still on the cards given the bullish trending nature!
Bulkowski Pennant @ Tilt :-
thepatternsite.com
Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Let's welcome the month of December green?
I’m trying to get a scalp-long with a small gain below 10% of the deposit
Deal plan:
▪️Entrance - $37,510/37,050
▪️Stop - $36,500
▪️Take - I will update.
Guys, on one of the exchanges there is...
As the pattern is still forming I cannot affirm categorically that it will play out but on probabilities there is a good chance to test recent strong lows?
