Caterpillar Inc. (NYSE: CAT) has once again demonstrated its robust market presence, with its stock price soaring past $344 following the release of its latest earnings report. The industrial giant reported impressive financial results for Q1 2024, with total revenue reaching $15.8 billion and a basic earnings per share (EPS) of $5.601. This performance not only...
Bitcoin has entered a critical phase after breaking the $63,500 support level, which could lead to significant changes in the price trend. Initial Support Level: The $63,500 level, which was considered an initial support floor, has been broken. This event indicates increased selling pressure and reduced investor confidence in the market. Secondary Support...
Updated Wyckoff Scenario Based on New Data and Trends - The Selling Climax at the Sign of Weakness (SOW) is now complete. - Next stage is the retake of the mid-range (still at $64,500). - Bitcoin's price is expected to experience an upward thrust during the western summer, reaching a new all-time high (ATH) of $79,000. - Phase B is projected to conclude by the...
Finally the $61,500 retest! Thinking that many are waiting for a perfect retest of $58,600 for a diversion/confirmation move. I'm not a fan of that and would much rather see the market move up from here leaving many participants on the sidelines on an expected move below $60k. $Bitcoin has been rejected continuously on every weekly block showing a clear sign of...
Thank you for reading this update. Bitcoin (BTC) appears to be in a crucial area known as the Dollar-Cost Averaging (DCA) whale protection zone. This zone is significant for maintaining the current trend, as it acts as a security zone for the ongoing DCA cycle, which remains intact. We have been tracking BTC since it reached $53K and are now monitoring it as it...
Sushi is scraping bottom prices and is ready to take off imo
Sushi is scraping bottom prices and is ready to take off imo
Lets pay attention to the value areas, and supply zones, BTC is finally having a nice bounce from the major demand zones which also lined up with a previous week VAL. We need to reclaim the VAL above us from the previous week for things to turn bullish again. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the...
So it appears. Will smash through the key level of 100 and onto the 94 area.. The dollar moves have massive ramifications for every financial asset , commodity & currency. lets see what it gives us.
Bitcoin liquidated all trapped buyers! Time to RISE In a previous analysis, i shared with you that in the case of TRAP price should go into vAL area $63k zone to liquidate those trapped traders yesterday price did it and also trapped sellers time for rise
In the bottom pane is the US Purchasing managers index number a number below 50 ( and nearly all the time below 47) means a recession/ economic slowdown is looming. But as you can see on the rebound , as the PMI number moves above 50 and back into a expanding economy we have seen it coincide with the great bitcoin bull markets. Let's hope this trend continues.
scenariocast! IF that is what is occuring ... the #BTC price over the next few months could follow something similar to what I have drawn in a #Wyckoff re-accumulation range and breakout. With the recent price action being a false breakdown before recapturing the range and proceeding to reach previous levels of resistance. Let's see if this occurs, sentiment...
This is what my latest custom indicator looks like on the bitcoin chart. Not great but there's always room for potential hope. I find hope comes mind a lot with trading mostly because I don't have the money to move markets. Luckily, no one really has the money to move the Bitcoin market, and surely the Ethereum market too. Best two investments in crypto; ETH and...
Here is a long idea on smaller time frame. The price is again at daily support from where it has bounced last time. I expect the price to bounce again from here towards daily resistance DR1. Therefore, a long trade setup is favorable here. Let us see how the price moves in coming hours. Let me know what you think about this trade idea.
The auto fib retracement and auto fib extension show both indications cryptocurrency ripe to for taking in addition to a complete bottoming out of the price as a whole. Distracted by something, or too busy soaking up the second month of summer? Long orange line represents the time period when the drop happened and the price of cryptocurrency going beyond the 100...
#BTC/USDT #Analysis Description --------------------------------------------------------------- + The Bitcoin price has been in a downtrend for the past few months, and it is currently testing the 21 EMA as support. If this level holds, it could be a sign that the price is finding a bottom and is ready to start an uptrend. However, if the 21 EMA breaks, it could...
--------------------------------------------------------------- Description --------------------------------------------------------------- The Bitcoin/TetherUS pair has displayed a strong bullish momentum since recovering from the 2022 crash. The price is currently trading above a crucial resistance level, suggesting potential for further upside. However, the...
Bitcoin is back on our trusty multi-year support from 2019. I expect a bounce off of this either tomorrow or Thursday. This will likely propel us upward to test the underside of our channel. Once we break that to the upside, our target will approach quickly.