Please like and follow if you enjoy this analysis. As the title suggests, I've found another indicator which confirms my idea that the bear market is over and that BTC will not make new lows. As seen on the chart, the time between the bear market bottom and the halving appears to be 75/76 weeks. This was the case for both the 2015 and 2018 bottoms. Amazingly...
Bitcoin has managed to form a Descending Channel after breaking the 🟢 support zone($29,850-$29,480) 🟢. Over the past two days, Bitcoin has been completing a pullback to the broken 🟢support zone($29,850-$29,480)🟢. Bitcoin is currently near the upper line of the descending channel . 🔔I expect Bitcoin to continue its downward trend in the next few hours . ...
Seems Like Getting Ready For Massive Recovery Formed Falling Wedge In Daily Tf & Expecting Breakout Incase Of Breakout expecting 50 to 60% Bullish Move keep Eyes On Breakout For Good Entry
The trend shows an interesting view for Doge. The big question is if Doge is going to break out unexpectedly since some patterns show an important trend signal that is able to break out in a breakout confirmation. The zone where Doge is now is the previous zone of increase. Interesting to follow and to see if we are going to get an unexpected low time frame...
Traders, These lower prices have been causing some anxiety among traders. Is Bitcoin about to drop even lower? Could it even fill that BTC CME Futures gap at 20k? Well, as you know, anything is possible. But we’re about trying out best to find price movement with the greatest probability. And so, that is what I’d like to look at today. First off, let’s rule out...
Hello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. When we unfold the trend based fib extension grid, we see that the first support is at $29232, then we have strong support at $29148 and the third at $29042. Looking the other way, the first resistance the price is below...
This chart plays into previous Bitcoin cycles but more importantly it showcases the similarities of the 2013 & 2018 cycles and questions the case for 2022 of "Where's the Bullish Divergence?" The MFI (Money Flow Index) Indicator which incorporates the RSI + weighted volume shows that in all of Bitcoins 3 past cycle bottoms we have seen the MFI at an all time low...
Bitcoin has been trading around the 50-day SMA for the past three days. As long as it stays below $30,000, prospects of more downside are real, especially as MACD performed a bearish crossover through the midpoint on the daily chart, which is a highly bearish development. Nonetheless, we would like to note that we are still missing confirmation from DM+ and DM-,...
Bitcoin has broken the range channel and stirred the pullback and is ready to fall to the range of 28000
Considering the previous support failure , I expect the price to fall to the yellow line
BTC has been experiencing a sideways trend for over a month now. However, this week, there was a breakout followed by a pullback, which resulted in the formation of daily support. Despite this development, the overall market structure and the previous price failures at the significant resistance level of FWB:31K lead us to anticipate a downside momentum going forward.
finally Breaking Bullish Pennant in 2 Days Tf Incase Of Successful Breakout Expecting Massive Bullish Rally In Midterm Expecting 150% Bullish Wave In case Of Successful Breakout Always Wait For Confirmed Breakout For High Probability Entries
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DXY chart) After the volatility period around the 1st of August, it will be a question of whether it can find resistance around 102.034 and decline. (USDT chart) (USDC...
Looking at the weekly #btc #bitcoin chart in the line chart we could see the weekly trendline brake to the downside.
Seems $BOUNCE has found it's bottom. We hope. If breaks up. This is the route it should take. Good luck.
The price is currently at 4h support 4HS1. The drop from daily support (not marked on the chart but was close to area where now daily resistance DR1 is marked) was not that significant and found support around the consolidation zone during the upward move in June. It is likely to bounce here towards daily resistance DR1. Therefore, a long trade is favorable here.
Bitcoin's trajectory since early July 2023 has proven both intriguing and challenging for traders and investors. This comprehensive analysis aims to provide a structured overview of Bitcoin's past and present market behavior, articulate possible short-term and long-term scenarios, and offer practical strategies for navigating these complex market conditions. ...