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...
Could the whales and institutions be preparing to shake everyone out of the market and create a surplus of supply to buy back at extremely low levels?
Comparing the charts of QQQ with BTCUSD/Gold. Risk on!
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,...
On the Daily Time Frame, we had a Double Bottom pattern above EMA20, the next level of support is 45k."
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. ❤️ Please, support our work with like & comment! ❤️
BTCUSD IS NOW MOVIVG IN A DOWNTREND here is BTC is moving in A downtrend so here is an analysis you can open a short position
This is a method I use to DCA into Bitcoin. Notice on the chart I have waited until BTC hit the "Golden Pocket" or 0.618 to 0.65 Fib retrace of the last move from $40508 to $43461. That range is $41873 to $41999. Once that range was hit I pulled the buy trigger and bought some BTC. It does not matter if BTC goes to the 0.786 Fib retrace or lower. This is a...
Btc is looking topped and in need of correction. Many patterns are failing and it’s a traders market not investors imo
I feel like support will come in where the horizontal support and the parabolic curve meet
Bullish macro harmonic; pushing on some final downtrends and holding an uptrend and 786 With a potential for large move to 382/618 or higher There is also a chance of going down very badly to 3-6k if we lose this zone and go down; but so far looking potentially bullish - NFA. Locked a 50% TP on my longs for the time being. Looking to swing the rest if it moves...
Targets Soon 35.100$ 36.900$ 44.000$ Old Signal Please support the idea by pressing the like button and writing your opinion in the comment box Good luck 🌹
Simple idea for BTC on 22m chart. I see hidden bullish divergence building and it is forming a bullish pennant.
BYBIT:BTCUSDT.P the next support range is than expected to be 41200-41400 you can share your opinion about this analyze with me