All details are drawn on the chart. Basically BTC is in a huge bull market with a clear imbalance of demand and supply. There was 3-month long reaccumulation period at all time high of $69500 with all outstanding supply bought up. Price is gonna shoot up to $112k at minimum very swiftly.
In this analysis I want to take a look at an indicator that is not often mentioned, but can say a lot of interesting things about the current state of the market. Note: we only have a population of 2 (N=2) to look at and deduce information from, so take it with a grain of salt. The indicator in question is the value of TOTAL3 (total crypto marketcap minus ETH...
Sorry I didn't bring it to your attention sooner BUT nice breakout and retest of the neckline I expect the Log target to be met with GUSTO!
Here is a new trade idea. The price pushed up after bouncing from weekly support and headed towards daily resistance DR1. The price however got stopped at DR1 and got pushed down immediately from there. On this drop it hit the daily support DS1 from where a bounce was likely. We already see that bounce going on. Therefore, a long from this daily support zone is...
Hello dear traders. Let's cut to the chase. There's no denying that price is weak and seems in desperate need of a new narrative or momentum. Technically, price is showing weakness in the mid-range, which is in line with the POC of the range as well. Momentum h4 EMAs (12, 21) are rolling over as well. The positive thing at this point is the bullish absorption...
NYSE:SQ is a public company that hodls bitcoin. It has over 8000 BTCs, valued close to half billion dollars. So, logically its stock price correlated with bitcoin. When bitcoin price starts moving up, NYSE:SQ will too. Ba patient. Stay positive.
The Bitcoin etf Basically doubled the price of #BTC from the lows post etf trading to our recent peak in March A similar outcome and performance for Ethereum Would send #ETH to the 1.618 Fib extension This would be epic for altcoins, memecoins and DEFI what do you think do you agree?
Gm... Today I will play the green zones on CRYPTOCAP:BTC , devided with levels where to take PP's or close... #trading #bitcoin
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from...
CRYPTOCAP:BTC back on $66,323 support currently testing it, Previous 1D closed with bearish engulfing if followed thru it might break $66,323 support, next key support $64,344, next support from here $65,521. RSI on 1D looks weak. Watch the support areas, must regain $68,546 support to retest $69,813. Watch given S/R
BTC/USD is falling towards a support level which is an overlap support that aligns with the 78.6% Fibonacci projection and could bounce from this level to our take profit. Entry: 65,131.25 Why we like it: There is an overlap support level which aligns with the 78.6% Fibonacci projection. Stop loss: 63,176.36 Why we like it: There is a pullback support level that...
Today, I’ll be considering the possibility of a 70+% retrace to the upside using the TGIF (Thank God it’s Friday) setup. This usually kicks in by the London or NY-AM open if it’s going to happen. If we don’t see more downside and traders decide to close out their short positions from the week, we could see an upside move. I’m watching for a market structure shift...
Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As we can see, the price remains at the upper limit of the downtrend channel Let's start by determining the support line and as you can see, the first support on which the price is based is $66,150, if the support is broken, the next support is $62,510, then at $59,824, and then...
Hey hope this post can help you to see everything from another perspective. I did this chart already last year where the pencil drawing starts. Let me know what you can see here in this chart I am really suprised how well I read the market but I have to say I made no profit I was just not sticking to my strategy.
Trading At The Bottom Of Parallel Channel, Pump From This Support Will Lead A Massive Alts Season.
Bitcoin (BTCUSD) was rejected yesterday on the 4H MA50 (blue trend-line) and that caused another pull-back that is about to test the 1D MA50 (red trend-line) once again. On Tuesday this level held and is critical to continue to do so as a breach might lead us to $60000. This is what took place on the April 08 - 19 Channel Down. It is important to note that after...
Bitcoin cleared nearest liquidity pool under ~66155 and closed above that level which might be a swing failure - bullish pattern. But too early to confirm that. Target for that bounce is May VAH zone + year VWAP VAH around 69.2k (for the wicks). These are conservative targets that assume rejection and pull back to 67600 at least with further...
According to the analysis and seeing here a new higher high in candlesticks and seeing a new lower high in the RSI chart, we conclude that Bitcoin is not able to go up. And as we can see, it has responded to the analysis and is moving downwards. This is likely to be the second biggest crash in Bitcoin. 🔻 Take care of your assets. ❗