Bitcoin has been in correction for 160 days. Now, there is a redistribution of hands, and among those who bought for the past 160 days, the average purchase price is 64k. According to the structure, we see liquidity withdrawal from the bottom in each correction—marked with red crosses—which means that they liquidate long positions and then continue to move up. We...
CRYPTOCAP:BTC #Bitcoin at $62,580 support, given resistance at $64,344 held strong as expected! Previous 1D close followed up to the bearish pin bar close putting bearish engulfing on 1D, RSI on 1D and 4H dropping, $61,953-$60,629 next support areas to watch here.
Overview: The FRED:SP500 closed Monday with a red candle, erasing last week’s Friday gains. Durable goods orders were reported today, showing the highest increase since July 2020. This indicator reflects the amount of new orders placed with manufacturers for durable goods expected to last at least three years, such as automobiles, appliances, electronics, and...
In this analysis we're going to take a look at TOTAL3, which is the total marketcap of crypto excluding BTC and ETH. In other words, all 'smaller' altcoins. As seen on the chart, the altcoin market has been in a dire state since the start of April, almost 5 months at this point. For now, the bearish channel pattern stays intact. I'm anticipating some kind of...
Bitcoin (BTC/USD) is falling towards which acts as a pullback support and could bounce to the 1st resistance identified as a pullback resistance. Pivot: 61,717.33 1st Support: 58,759.07 1st Resistance: 65,375.39 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...
BTC is forming an absolutely massive Cup & Handle on the Daily/Weekly chart. There has never been a formation like this in the history of crypto, and it's sure to be an incredible run to levels that will shock the world.
Looking on lower timeframe, we can say that distribution is taking place after the upthrust at 65000 Now, price is trading at the support which I believe Bitcoin is on the last point of supply before we move out of thids trading range We might get a temporary bounce around 62500 However, I think this move could take us lower to 61000s to 60800 area (nPOC +...
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1D chart) USDT dominance is located in an important reversal zone. It is an important point to watch whether it can meet resistance near the M-Signal indicator of the 1M chart and fall below...
Hello everyone, I invite you to a short review of the BTC to USDT chart with a four-hour time frame. As you can see, we are staying above the locally formed upward trend line. Taking into account the short time interval, we will first determine possible stop losses: SL1: $61,351, SL2: $58,982, SL3: $57,213, SL4: $55,249. Looking the other way, we...
Overview: As we begin the last week of August, we might be heading into a very turbulent period. On one hand, BINANCE:BTCUSD hasn't even broken its previous bull run's all-time high when adjusted for inflation. Neither the halving nor ETF demand was enough to push crypto higher, and now we have some altcoins like BINANCE:AVAXUSD trading 30% below their...
BINANCE:BTCUSDT Bitcoin is currently trading at higher levels, and a price correction towards the $62,000 channel seems possible. This level acts as strong support, and if the price stabilizes within this range, there is potential for an upward move towards higher levels. After recent upward movements, Bitcoin has reached a higher price level, which might cause...
Bitcoin (BTCUSD) will close the month of August this week and the 1M candle not only rebounded aggressively on the 1W MA50 (red trend-line) but also held the Symmetrical Pivot Zone for the 6th straight month. This Zone is critical because during the previous Cycle in late 2021 it served as Resistance and since the recent March 2024 break-out, it has been acting...
The good news is still spreading with influx of funding. The Fear & Greed Index shows Strong Buy. The only matter now is, at which level to buy as Bitcoin is in Rising Wedge. Seek more info about the pros and cons of A Rising Wedge meaning on the internet.
Daily Chart Overview: $Bitcoin is currently facing strong resistance around the $65,000 level, as indicated by the formation of a Doji candle on the daily chart. This pattern often signals market indecision and suggests that the recent bullish momentum may be weakening. Technical Indicators: Relative Strength Index (RSI): 57.25 – While buying pressure has...
hello guys. as you can see btc made a Head and shoulders pattern and the neckline broke up! so we can expect the $65802 area touched! ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
#Bitcoin 1D chart; Many of you may not like reading. But I think it's worth reading if, like me, you are always looking for different perspectives on Bitcoin. A completely simple Bitcoin chart. The yellow vertical lines are from the Halving periods. The Blue vertical lines next to them indicate the 500 days before the Halving and the Green vertical lines...
Last weeks high: $64,969.66 Last weeks low: $57,798.14 Midpoint: $61,383.90 Another week has passed in the crypto world and another week of Bitcoin recovery. Now hovering around $64,000 zone after a battle around the range Midpoint which was also the 4H 200EMA, BTC has flipped bullish on all major MA's and is looking to target the '21 ATH which has historically...
Hi every body. We have more then 2K bears contracts on BTC now. Target for bears is 63040. transite level - 63900. Levels thanks to X-Lines script. Have a nice trading day ;)📉