#BTC another day hugging the line COINBASE:BTCUSD
The 59500 area has been tested multiple times. I believe we may go back higher from here, but what a coincidence - Its FED Day today !! however, until we get back above the angle 3, I would not play longs here. Please note TrapZone is Red with Red Bars below it, so keep an eye on the UMVD. Can you see a LAREGE CHANNEL ???
Red arrow show BEARS HAVE CONTROL but current candlestick reads SPINNING TOP WHITE (BULLISH) but it can reject. The LUS BEARISH candle reads BLOOD BATH but shows rejection. We must be careful when trading in this 2MO TF. But relax; we are still in a BULL MARKET. 2MO just proves we will have plenty of BULL and BEAR TRAPS with some scary dips.
Bitcoin bull flag on the 3 day chart is a possibility? A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period. The flagpole forms on an almost vertical price spike as sellers get blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which form the flag. This pattern is...
The trend is still our friend. I still see bullish developments in the price action. We must have patience. Dips still must be bought. The plan hasn't changed. We still aiming for that time period of 9 -15 months post #BTC Halving. We are only one month down :)
Price is falling towards a support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 63,451.23 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 61,331.39 Why we like it: There is a pullback...
BTC/USD is rising towards a resistance level which is an overlap resistance and could potentially reverse from this level to our take profit. Entry: 66,918.86 Why we like it: There is an overlap resistance level which aligns with the 127.2% Fibonacci extension. Stop loss: 68,692.48 Why we like it: There is a pullback resistance level that lines up with the...
As shown on this chart (28 Feb- 12 May), the market is in a sideways trend (clumsy indecision). Can't say that it annoys (to be honest) but, I can trust a thief to steal my car because he knows his job well, knows what he wants to do :) Indecision kills! What to do when you don't know what to do 1- Control Your emotions ;) 2- Nothing goes straight up...
BITSTAMP:BTCUSD Bitcoin has been sliding down since it reached its all-time high in March. This has largely led to a buy-the-dip sentiment among crypto traders, with many believing the correction would end as soon as it ended and Bitcoin would surge again to new all-time highs. According to crypto analytics platform Santiment, the thrill of scooping up...
Part of my ongoing analysis, see links below. We may have bottomed at 57k with a strong bounce. But we are now retracing and hopefully almost done. EW theory shows a 5-wave bounce with 3 wave retrace. . Previous plots that lead us here (click the links): - 73k Top Call no one expected - Retrace Roadmap of Support zones - 52.8k imagined but not believed - ...
Everything makes sense to me again. This has been distribution all along. Institutions are not going to let retail long and make money this easily, its always the other way around. This idea that resonates with me the most. I've tried numerous attempts to paint a long picture but each time something feels a little off. But zooming out to the daily and labelling a...
An active downward movement began on a four-hour interval, but the closed trading volumes are not sufficient to sustain the correction. For a full reversal, another movement of BTC to the ~67,000 zone (marked in blue) is required. Readiness for a correction will be indicated by a large trading volume, and the further price movement will be downward until the end...
Bitcoin is currently in an Up Trend Continuation after a 0.5 Fibonacci Retracement. The Next Target is Channel Top. I want to help people Make Profit all over the World throughout my entire life. Additionally, I am eager to Receive Money Worldwide because of my Potential.
Hello everyone: The graph shows successive Wyckoff accumulation and allocation cycles linked together. Any trader can check the level and agree. If this trend continues, Bitcoin could reach the 50,000-52,000 level by the end of May 2024. But the pattern has actually been going on since early March. Accumulation and distribution.... Now it could be a downtrend or...
Is this a Bull Trap or are we just starting the bull run? Looking at Apr 2021 we see a similar scenario playing out with a pull back before a new all time high.
SL: 65081.00 TP: 71822.00 In this trading strategy, I present a compelling opportunity for a long position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
Hello friends In Bitcoin digital currency, we see the formation of multiple waves in the shape of ABC (zigzag). This pattern only appears in triangles. Triangles appear in wave B of a zigzag or wave 4, but considering that before these zigzags we see a wave that consists of 5 parts, so the theory that this triangle of wave B is a zigzag seems very strong....
Hello Everyone, BTC/USD has aligned perfectly with our previous Bitcoin projection. Currently, the price is nearing significant 1M resistance. For further upside potential, the price needs to establish itself above this level and then find support at the 67,370 mark. At present, sellers appear more confident, anticipating a drop to 1M support levels. In summary,...