In this video, I dive deep into two potential scenarios for the market: A bullish scenario targeting $70,000 and a bearish scenario pointing towards $41,000. I explore the concept of a smart money reversal and the market maker sell model to provide a detailed analysis of possible price movements. Additionally, I discuss the bearish price structure and what it...
Overview: The cryptocurrency market is currently in a cautious phase. Weekends typically see minimal price swings, though Sunday evenings can bring volatility. Declining open interest suggests a lack of confidence, with traders closing positions and exiting the market. The August 5th liquidations also pushed remaining traders to leave, further reducing market...
Trade setup : Break below 200-day MA (~$61.5K) threatens the uptrend and price has made a Lower Low during the current downswing, which is also a negative sign. Price has bounced off from oversold levels (RSI < 30) and reached a stiff resistance zone of $60K - $62K (200-day MA). Price needs to regain the 200-day moving average (~$62K) to signal resumption of...
Current Setup: - Bullish Flag and Descending Broadening Triangle: Bitcoin is in a consolidation phase, with a bullish flag potentially forming within a larger descending broadening triangle. Bullish Scenario: - If Bitcoin breaks out above the current consolidation (around $60,000), the bullish targets could be $64,945 (8.17% move) and potentially up to...
Current Setup: - Bullish Flag and Descending Broadening Triangle: Bitcoin is in a consolidation phase, with a bullish flag potentially forming within a larger descending broadening triangle. Bullish Scenario: - If Bitcoin breaks out above the current consolidation (around $60,000), the bullish targets could be $64,945 (8.17% move) and potentially up to...
When in Doubt, Zoom Out! Bitcoin has been Retesting the Ascending Triangle after its Breakout in March 2024. After a Successful Retest, I’m expecting a mega bull run, with Bitcoin Potentially Reaching a Long term target of $170k. Bitcoin bulls need to close the Current Monthly candle above $61k to confirm this Bullish momentum. 🙌 Love This Idea? Show...
BTC is showing bullish signs as it approaches a critical resistance near $60,000. A breakout above this level could push the price towards $62,000. However, a rejection might lead to a retest of the $57,400 support level. Traders should keep an eye on the next few candles for confirmation of the direction. This analysis can be updated as price action evolves or...
Trade Rationale: Price has reached a significant resistance level, and there is a clear bearish structure indicating potential downside movement. The current setup offers a high risk/reward ratio, targeting a return to the previous low, with a stop loss placed just above the recent high. This trade is based on a continuation of the bearish trend observed over...
Weekend is approaching and entry is rather risky. More news of ETF approval is spreading around and very much news happening is still ongoing.
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. For BTC on higher timeframe it does looks like it is edging lower with Lower lows. h4 has a downwards pointing channel too.Unless it it broke up, if not likely more bias to short. Do check out my recorded video (in trading ideas) for the week to have more explanation...
It needs to break the flag, of course. But when it does, it will hopefully be to the upside and the target is .3.
After a strong reaction from the demand zone and a successful retest of $56k support zone confirmed by a daily close in green, we can more or less expect the price to go higher and start testing $67.5k supply area. If it is breached, the next zone would be $71.5k.
The chart you've shared for BTC/USDT on the 4-hour timeframe provides a detailed view of Bitcoin's price movement, resistance, and support levels, along with technical indicators such as the MACD and RSI. Here's an analysis based on the information from the chart: Current Situation Price Level: As of the latest data point, Bitcoin is trading at $59,578.58. Recent...
Overview: The TradFi week is over, and the VANTAGE:SP500 is now just 1.86% away from its all-time high, nearly recovering from the impact of Japan's rate increase. However, CRYPTOCAP:BTC hasn't experienced the same positive price action. It seems big money is feeling more confident in U.S. blue chips than in speculative assets like Bitcoin. So, who will push...
CRYPTOCAP:BTC price action is printing a broadening Wedge! After Bitcoin hit a low of around the 48.9k region after it massively rejected the 60.5k area! Current price: 59,350 if price action is able to reclaim and close above the prime area of 60.5k then expect #btc to journey back to 72k. Also Expect #altcoin Explosion when this happens. Up Resistances from...
Latest update of my Bitcoin predictive model: in the coming months, BTC will make one last rise followed by a fall to the major pivot.
This is a really amazing example of fractal and autossimilarity in CRYPTOCAP:BTC On the panel above, a broadening downard formation in a 2 day timeframe, and on the panel below, the same broadening downward formation, but in the 3 hour timeframe This kind of pattern usually breaks out upward and the target is the height of pattern A increasing volume is...
6 1/2 years of a corrective cup formation for massive coin absorption in the market for the market makers. notice each low is holding in an upward support level and not fully reclaiming after each correction down. notice that the handle from the 2021 bull season trap at the highs was a corrective formation to build out the handle pullback. we are now forming...