Bitcoin is once again displaying its strength by breaking above the wedge pattern, signaling the potential for an upcoming rally. While it's important to acknowledge the possibility of further downside, the probability of the uptrend continuing is considerably higher. In this scenario, we're leaning towards a long opportunity, setting our profit target at the...
CLV appears to have broken out of a 2 year downtrend. This could be the starting signal of a multi-year bullish trend. In order to confirm the break out we're going to wait patiently for a daily candle to close above 0.048. Once we made the entry, stop below the most recent swing lows, target at 2$. This allows us to build a massively reward trade with a...
SXP seems to have found (temporary) support alongside the diagonal purple support line drawn on the chart. This reversal trade idea is based on the idea that this support will hold and cause a bounce, helped by the bullish divergence that's apparent on the RSI. The high of the last couple of days is around 0.335, so we're going to wait for a daily candle to close...
This is a 1D frame analysis for BTCUSDT As expected, after bouncing off the support line, the price encountered the first resistance line and started to move upwards. As per our previous analysis, we expect it to reach the desired line and then, after demand, to move powerfully towards the resistance lines. Keep in mind that after the price bounces off the demand...
Introduction: As the allure of digital assets continues to surge, it's fascinating to compare the impact of ETFs on a traditional asset like gold with the potential of a Bitcoin ETF. Main Thesis: After the introduction of the Gold ETF, its price skyrocketed by an astonishing 470%. This influence can be attributed to increased liquidity, accessibility, and...
Yesterday, Bitcoin briefly surged past the $30,000 mark amid news about a new Federal Reserve program named Novel Activities Supervision Program. The statement on the central bank’s website says, “The Program will focus on novel activities related to crypto-assets, distributed ledger technology (DLT), and complex, technology-driven partnerships with nonbanks to...
BINANCE:BNXUSDT www.tradingview.com There is huge posibility BNX will go to 0,51/0,48 to capitulate, after that BNX will experience a strong UPTREND.
|This is Mid-term analysis,to see the Long-term analysis check the previous post| Scenario I - If the C wave is terminal impulse pattern,the thrust must in less than 50% time of this pattern Touch the starting point of this pattern(Minimum requirement). Scenario II - if the C wave is reverse alternation contracting triangle pattern,the thrust must between 20%...
If you enjoy this analysis, please give it a like and a follow. ID is one of the newer tokens on Binance. At the start of the listing it showed some strength, but has sadly been selling for months at this point. However, ID has broken out of a one month downtrend by breaking through a diagonal resistance line, see chart. My assumption is that, with some luck,...
Seems Like Getting Ready For Another Bullish Impulse Formed & Breaking Descending Channel Incase Of Successful Breakout Expecting Move Towards 1$ In Coming Days
hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) gave up recent gains on Thursday, as markets reacted to the latest U.S. inflation report. BTC/USD dropped to an intraday low of 29,376.80 earlier in today’s session, following a peak at 30,093.44 the day prior. The decline sees Bitcoin retreat from its highest level since...
Bitcoin has broken the downward trend in the 4-hour time frame. I specified support and resistance ranges in the chart. Its not Buy or Sell SIGNAL DYOR BY : M.TeriZ - @AtonicShark
The scenario for BTCUSDT I posted earlier is still in play. BTC retraced a bit to levels of (daily) support. Around 29.500 USDT This is near the 0.618 Fib-level (golden pocket). The EMA50 is at 29.350 USDT at the moment. The daily trendline to the downside (dotted) is broken. A new daily trendline to the upside might be forming. Let's see if we continue to go up :)
#ETHUSDT LTF Chart:- A bullish flag has been found on the ETH/USD chart, indicating a potential breakout. This pattern shows a downward-sloping shape that suggests a positive reversal might happen after the current trend if the price breaks upwards. Breakout Point:- $1860 Target After Breakout:- $1920
Sunny trading conditions 🌞 prevail on the global crypto market, signaling a slightly bullish market with upside potential for most crypto coins, Bitcoin included, over the next 24 hours as well as a one-week horizon. 📈 Follow us for more crypto weather insights!
Bitcoin is going down, but a 4H chart shows we're at the support area provided by the 50% Fibonacci drawn from the low in August 1st, which means the main trend is still bullish. Only with a 4H candle closing below 29.3K we would be talking about a continuation to the downside, and even in that case, we still have another support area between 28.6K and...
Hello Everyone, MrBanker is here. This is a stock-to-flow analysis for Bitcoin. This model incorporates the relationship between the circulationg supply and the total number of mined bitcoin on that particular year. This theory has been proved to be true during the life span of bitcoin. Accordingly, It is expected for the price to reach 1 Million $ starting from...
Hi Guys, MrBanker is here. SP500 had been in a long uptrend starting from June 2020. During this period, the trend was succesfully tested 7 times. However, that trend has changed after exactly 19 Months. - This was the first sign of weakness in the trend. Additionally, the price-action broke below 200D EMA since FEB 2020. - This is the second sign of...