This is a strong scenario right now and something we have all been wondering... How are you feeling today? With so many Altcoins now really strong but yet to complete their bullish cycle and Bitcoin ultra-bullish, it calls for additional growth many people say... I hope you are having a wonderful start to your week! ➖ Bitcoin is trading near resistance, at...
Bitcoin crashed significantly, as I warned you in one of my previous analyses: What now? Is the crash over? I don't think so! The halving event is in a few days, and huge volatility is expected. The problem is that below the current price, we have a double bottom pattern, and there is a lot of liquidity that whales need for their huge buy orders. It's really...
Despite recent market jitters and bearish sentiments stemming from a significant drop, I remain bullish on Bitcoin, particularly in a higher time frame analysis. The recent downturn may seem daunting, but it's crucial to recognize that such fluctuations are often part of Bitcoin's volatile nature, especially in the midst of its ongoing bull market trajectory and...
🏃♂️Bitcoin is moving near the 🔴 Resistance zone($71,350-$70,900) 🔴 and seems to have broken the Support line . 🌊According to the theory of Elliott waves , Bitcoin seems to have successfully completed the Zigzag Correction(ABC/5-3-5) . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 📈If Bitcoin's downward momentum is high ,...
Bitcoin is definitely ready to go higher, and it's a really good time to buy the dip after the previous crash! We can see that the price is making higher lows on the daily chart, which is a strong sign of an uptrend. The price is currently still inside this symmetrical triangle, so we are waiting for an explosive move, probably to the upside. The trend is your...
BTCUSDT couldn't fend off a fierce bear attack, quickly tumbling down to the $65,300 zone at the start of the new trading week, continuing its downward trend after breaking key support levels. Analyzing the charts, the bearish momentum might persist as a triple top pattern seems to be forming. If this downtrend strengthens and shatters the first support level,...
#Bitcoin Weekly Technical Analysis 📈 Bitcoin surpassed its previous all-time high of $69,028, reaching a new peak at $73,773. Currently, it's trading above a strong support level ranging from $64,500 to $66,300, which is considered a robust technical support zone. As the week concludes, Bitcoin needs to hold above this support area. The price of Bitcoin...
This is only one signal, just one and this is one of the most simple and effective at the same time —how are you feeling today? The mother of all crashes, truly? There are always some mixed signals or mixed feelings when reading the Bitcoin chart: ➖ When the chart is clear, it goes the other way. ➖ When the chart is mixed, we don't know what to say. Either way...
Currently, crypto market users are divided into two camps: 1️⃣ - to the mooon with the first stop at 100k and 2️⃣ - the beginning of a correction to at least 50k. Two ultra-radical camps that will find 101 reasons why it should be exactly as they "want and expect" and not otherwise. On the #BTCUSDT chart, we have copied and displayed the fractal of #Bitcoin...
With just two days left until the Bitcoin Halving event, BTCUSDT remains weak, hovering around the $63,800 mark without showing significant changes in trend, as it is still in a correction phase. It successfully broke the uptrend trendline and found some minor recovery momentum around the $61,000 support level. However, the path ahead for BTCUSDT is fraught with...
Hello friends! Currently, BTCUSD is still stuck in a downtrend. Factors suggest that bearish momentum is still dominating the market, with the possibility of further strong price declines as prices break below support and remain below the 34 and 89 day moving averages (34 and EMA 89). This shows that the market is leaning towards sellers. Previous idea! In the...
Hello, BTCUSDT traders! Today, BTCUSDT continues its downtrend from the start of the week, currently experiencing a slight recovery around the $61,700 mark after dipping to a low of $59,700 yesterday. Despite this minor rebound, the overall trend remains bearish. In the short-term chart, our strategy continues to favor selling, as BTCUSDT has broken down through...
Normally I don't look that much at moving averages because they are largely lagging indicators. However, sometimes the indicator shows a strong divergence. As seen on the chart, the 200 EMA has offered strong support on the way up, but has now caused a strong rejection, making way for the bears to push the price further down. Like mentioned in the analysis...
Preface: I'm still bullish on Bitcoin. Long-term trend still is dominantly bullish. With this analysis I merely want to discuss a potential downwards move after the halving. With the BTC halving approaching fast (time flies!), I'm becoming concerned that the market will actually treat the halving as a sell-the-news-event, rather than a buying one. The simple...
Time to Sell BTC Bearish Harmonic Pattern formed and huge selling presure around 72000 now the price already formed Bearish Engulfing Candle in daily chart Therfore we can sell BTc to 62500 and 52900
BTCUSDT's on a downtrend for the third day in a row. No strong comeback signs from this coin just yet. It's hovering around $63,000, but we're on the lookout for possible further dips near the $51,000 zone. What about you? What's your take?
Current BTCUSDT trading strategy: In the short term, we observe that BTCUSDT is continuing its weakening trend. The resistance at $63,000 is playing a crucial role in maintaining this downtrend. From a technical perspective, the 34 and 89 EMAs are favoring sellers and there are no signs of a notable price reversal. Based on this analysis, we continue to...
Bitcoin may look pretty bullish, but do not get distracted. The price is forming a bearish distribution pattern inside a bearish parallel channel, as you can see on the chart. Right now, the odds are in favor of another crash. I am not saying this only because of the price action, but also because of the Elliott wave theory: as per my wave count, I am expecting...