Timeframe : H4 Trend : Continuation of the downtrend since 7th June 2024. Support/Resistance : If BTCUSD is resisted by the 23.6% Fibonacci retracement level at 61718, the price could continue trading lower. TSRI MACD : No crossover to signal selling opportunity yet. But MACD line converging with volume (histogram) decreasing. Next key support is at 56847
Price is currently reacting off the pivot which has been identified as a pullback resistance and could potentially drop to the 1st support. Pivot: 61,649.58 1st support: 59,164.06 1st Resistance: 63,268.89 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex...
Hello! I will make today, a techical analysis of price action, indicators and price projection with trade plans. Price Action: Bitcoin appears to be in a channel up formation recently and has just broken out to the downside. Volume: The volume profile indicates a decline, suggesting a potential lack of buying interest at current levels. Indicators...
A hypothetical trend line for Bitcoin where there is a strong potential for the price to continue to gain in price into September based on a modified custom setting of the SAR indicator. You can see the settings of the SAR indicator in the image. There is a lot of standard indicators that point to the price of Bitcoin losing. This is another method and an...
Bull Targets: - TP 1 87.8k - TP 2 97.3k Pre-reqs: Getting back above 67k and then breaking 71.7k and holding above Bear Targets: - 49.1k - 44.4k Pre-reqs: Lose 60k Good luck!
The price has dropped significantly once rejected from weekly resistance WR1. Now it has bounced from weekly support WS1 and now on the way to daily resistance DR1. I believe the price will struggle at DR1 and will be rejected towards 4HS1 at least. And therefore, this short trade idea if the price reaches towards DR1. Lets see if price manages to reach there and...
Alternative idea for Bitcoin Dominance. Small rising wedge breakdown on the weekly that began forming at the start of a Golden Cross of the weekly 20/100 and 50/200 MAs (and EMAs, not pictured) Often after golden crosses, before the real bull run there is a strong re-test. A re-test of the 100 and 200 weekly MA over the next month or so would target the exact...
My opinion is that Bitcoin will reach newer heights, when that happened in 2020 most altcoins did -80%, just look at FTM or DIA for example. I only hope that moment is not now. I feel uneasy about the constant bullish weekly divergences, at least monthly RSI hints maybe we could have a small alt season soon. But it will be mostly to give late longers and stuck...
Trendlines: There is a red descending trendline indicating a falling trend from previous highs. A yellow ascending trendline indicating an overall upward trend from previous lows. Current Price Movement: Bitcoin is currently trading at around $61,924. The price recently broke below the yellow ascending trendline. Buy Zone: The chart indicates a "Buy...
Hey folks, Finally we reached 60k as was shown in previous analysis. Now im expecting Local Long Targets are given
BTC has been flipped from 58k zone after news of Mt Gox exchange now its changing hand towards bullish zone but it is still struggling. After successful move we could expect 65k or 67k region.
Current Situation: Fundamental News: JUP is looking to burn 30% of its supply, reducing the total supply from 10B to 7B tokens. The team, including co-founders, has pledged to extend their vesting period to June 2026, demonstrating a long-term commitment to the project's success. Technical Analysis: The price is currently forming a double bottom, a bullish...
Current Situation: BTC Trend: BTC potentially setting a bottom, which is usually a positive signal for altcoins. RUNE Technicals: RUNE is forming a double bottom at its range low support line. Historically, RUNE has performed well in bullish markets. Trade Strategy: Entry Point: Enter a long position in the range of $4 to $4.70. Take Profit Targets: First Target:...
Market Participants No Lettuce Hands always make laugh If you love a thing or even Just Like a thing And you can buy it for cheap .. why don't you? Oh I see they didn't actually ave the conviction Somebody gave them a tip A story as old as time
Minor bearish divergence continues on #bitcoin #btc chart in lower time frame.
We have been showing this for some time now, couple months or so. This scenario is looking more and more likely as the days pass on.
Interesting that CRYPTOCAP:BTC sells off the largest amount in months right after we said there was more downside coming. #BTC is at a MAJOR support level so the bounce was highly likely. (Pls see pro pic for more info)
Bitcoin once again reached our green Target Zone ($58,655 – $47,012). Although it showed a clear upward reaction directly on the upper edge of the Zone, we primarily expect a deeper dive. As soon as the low of the green wave 4 is established, we expect rises to well above the resistance at $73,462. At the end of this move, the high of the larger wave iii in orange...