#bitcoin #btc has been forming a bullish divergence to be played out. A moderate bounce in mid/short time frame may be necessary. Breaking the lower trend line and major support will be the invalidation. Not financial advice.
things are looking good for btc. Alts... not so much. However the potential ROI is great considering many have dropped -40 to -65%
The price is expected to touch the $60,000 support level before moving upwards towards the target of the $70,000 trendline. Incremental buying can be considered at this support level.
From a medium-term perspective, the critical support level for Bitcoin is at $52,000. This level is particularly important for all long positions (especially spot trades). Currently, it is possible to consider incremental buying at lower levels.
Let's do a quick recap on Bitcoin. I rediscovered a fractal from a post I made a few months ago, which compared BTC price action to NVDA price action after making an ATH. Currently, there is another Bitcoin fractal based on the M-Pattern and we take a deep dive into how far this correction could go. I'm labelling this post as "short" simply for the lack of...
CHZ USDT SPOT Signal green line buy stop: - Please wait a little until it reaches the green lines, if you don't buy the second green line, don't worry because the first green line is 100% bought.
📉Hi Traders, Investors and Speculators of Charts📈 Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action. In my previous updates, I've mentioned the two scenarios that I foresee for BTC after reaching a new ATH. The one was a correction, and the...
BTC Fibonacci trend line, the main targets are 0.618 and 0.5. Focus on the white trend line. It is the bottom only when it falls to the white line, otherwise it is the top. It takes a long time for the trend-level market price to see the final effect.
If you've followed my analyses for a while, you must recognize this chart. I've been looking at ADA's long-term bullish channel for almost a year at this point. Check my previous analysis below. And today, our (potentially) entry of a lifetime has been hit! Assuming that ADA will keep trading within this channel, the entry is a no-brainer. As some other...
Hi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price rose to resistance 2, which coincided with the resistance zone, and at once rebounded and made little correction movement, after which it continued to grow. BTC quickly reached resistance 2 again, but this time it broke it and then reached the trend line, after which started to...
Historically, Bitcoin halvings have been associated with price increases in the past. Supply Reduction: Bitcoin halvings reduce the rate at which new Bitcoins are created, effectively reducing the supply. Historically, this reduction in supply has led to upward pressure on the price as demand remains relatively constant or increases. Halving Anticipation: ...
📉 Bitcoin Daily 📈 Bitcoin closed week at 66653. That was above higher timeframe range middle and above developing quarter VWAP. Can't say this price action looks bullish, but at least it hasn't yet completely wiped out all the bulls. In short term perspectives there is still a chance for a bounce to May close this week. Higher timeframe picture and...
It seems that Bitcoin's correction has started from where we entered "Strat" on the chart. Two waves of the same degree can be seen on the chart. It is expected that the price will reach supply and then drop to low demands. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and...
While Bitcoin is experiencing a choppy price range and altcoins face significant pressure, Internet Computer (ICP) is demonstrating resilience, holding its value steadily. Despite the turbulent market conditions, ICP's long-term chart pattern remains promising. I've identified two key levels for buying and accumulating ICP in spot trading, positioning for a...
Price is currently at a resistance level which is an overlap resistance and could potentially reverse from this level to our take profit. Entry: 65,131.25 Why we like it: There is an overlap resistance level. Stop loss: 67,114.33 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Take profit: 63,099.45 Why we...
Bitcoin (BTC/USD is reacting off the pivot which has been identified as an overlap support and could rise to the 1st resistance. Pivot: 64,489.09 1st Support: 63,265.51 1st Resistance: 67,011.40 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 and CFDs...
I think #BTC has finished it's corrections and now should expect a wave 3 targeting a new all time high. Confirmation is >$70k Cancelation is <$60k
Good Evening and I hope you are well. bitcoin comment: Laid out my plan in my weekly post, so check that out if anything is unclear here. Market is forming another bear wedge which could break above again for another pullback. I expect the pullback to be weaker than the one to 67000 and it could stay below 65000 if this is uber bearish. If bulls are tough, we...