hello guys. let's dive in BTC! 1. Pattern Recognition: Left Shoulder: The first peak formed before the head. Head: The highest point in the pattern, showing a peak above the shoulders. Right Shoulder: The final peak, which is lower than the head but roughly in line with the left shoulder. 2. Key Levels: Neckline: The blue line around $57,571.68...
BINANCE:BTCUSDT targeting 68K. Bitcoin's correction is going by trendline, it looks it is going to hit 68K once again.
The long-term Bitcoin trend remains distinctly bullish, highlighted by a powerful breakout above the top of the average-price uptrend channel. This breakout propelled BTCUSDT to a high of $73,881, followed by a significant 33% correction. This pullback found strong support at the 50% Fibonacci retracement level, around the critical $50,000 psychological mark. This...
Reviewing the BTC/USDT chart on a 4-hour timeframe, it is evident that Bitcoin has encountered significant volatility with a recent downtrend in play. This analysis will focus on the current technical configurations and their potential implications. Key Observations: Price Movement: Bitcoin has been experiencing a series of lower highs and lower lows, a bearish...
In this analysis I want to talk about the M2 Global Money Supply indicator. This indicator basically shows how much money there is in circulation and how much is being printed. The indicator itself is not that usefull since it's just going up (more money is printed over time). However, the rate at which money is printed is more interesting, hence I slapped an...
BINANCE:BTCUSD (1H CHART) Technical Analysis Update BTC is currently trading at $58593 and currently trading at the support zone. Looks like price is consolidating around 58K range. A break out or break down from this consolidation will result in price reaching the next target. - If price breaks down then the next support for bitcoin is around 55K range. -...
Bitcoin is receiving support from the lower Bollinger Band near $58,000, with RSI suggesting a potential bullish reversal. The upcoming sessions will be crucial in determining whether this support can hold. Current Trend and Key Levels: Bitcoin is trading at $58,700, navigating a critical juncture after pulling back from recent highs. The $58,000 level is not...
It's so simple. Buy if we reach there. Sell if it doesn't hold.
Is everything we’ve learned about BTC leading the way while altcoins lag behind a lie? Could altcoins be the secret service agent, sent from the future to show us the direction BTC will take? And did the moon landing really ever happen? On a more serious note, I noticed an interesting pattern when comparing the altcoin market cap to BTC’s market cap....
This analysis is an update of the analysis you see below in the "Related Ideas" section. The previous analysis is still valid. The supply box was hunted, which indicates the movement of Bitcoin towards the lower areas. In the lower areas in the demand range, Bitcoin can return to the top and move up to the supply at the top of the chart. For risk management,...
$52,408.76 remains a crucial support level aligned with historical price actions and the lower boundary of the highlighted area. Immediate resistance is around $60,000. The next major resistance lies near $62,000, which has served as a crucial level. The 50-week MA (red line) currently provides long-term support around $52,022.15. The price is currently trading...
Bitcoin is looking very good to breakout. So you can manage your risk and go long. I am going long in this for sure. Dont forget to put stops & manage your quantities. NOTE: BTC CAN BREAKOUT
Bitcoin has always led the market, while alt-coins play catchup. XRP is now flashing some major signals that it's going to start gaining ground on BTC in major fashion.
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The key is whether it can receive support in the 59053.55-61099.25 range and rise above the M-Signal indicator on the 1W chart. In order to turn into an uptrend, it must rise above the...
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Bitcoin has established a higher low off the 56K support area as anticipated in my previous article. From here a test of the 62 to 64K resistance area is within reason over the coming week. No matter what information you consume, the price action at this time is clear: Bitcoin is still INSIDE a broad consolidation. This means UNTIL it can demonstrate a breakout...
By reviewing the #Bitcoin chart on the weekly timeframe, we can see that the price is currently trading around the $59,500 level. The key level to watch tonight is whether Bitcoin can hold above $58,700. In my opinion, Bitcoin is likely to soon rally towards $63,400. However, once it reaches this level, we might see a negative reaction. After observing this...
#btc #bitcoin has broken the trend line after the bearish divergence successfully played out. Now, #btcusd is performing the bearish retest to reclaim the zone. Declination will likely bring dumps. Not financial advice.