--------------------------------------------------------------- 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.
Looking at BTC on the daily chart, we see price is moving downward within this channel. Buyers are currently unable to make a sustained break through of the ~$62,000 resistance level. If price continues its downward movement, I will be looking for opportunities within the marked potential buy zone. If price breaks above the channel, I will wait for confirmation...
BTC could drop after TRUMP speach I read all crypto Twitter the whole morning and so many Bullish statements with no pricce result 1st - I will never trust news in Finance space. 2. I saw too many times that when buying the rumors, selling the news played out exactly. ALso exactly at top we face 20b candle. if price squeeze down after it - that would be...
Hi folks today I'm prepared for you BTCUSDT analytics. Some time ago price reached a resistance level, which coincided with the resistance zone, but at once turned around and dropped to the support level. After this movement, BTC some time traded near this level, which coincided with the support zone, and then started to grow to 68200 level. When the price reached...
Looking at the second "diamond" shape which is sketch earlier than it should (as usually to be done on month-end closing or opening of new month). We would want to see if this really fit the observation. $57,000 to $60,000 support remain strong still, in perspective as a reminder.
🔍 Technical analysis: Movement in the descending channel - It is moving in a downward channel in the daily and 4H time frames. - It is located in the middle of the channel and within the liquidity zone. If it can be placed above the region and the middle of the channel, it can retest the ceiling of the supply range channel. - The most important resistance for an...
The price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the pullback support. Pivot: 67,019.71 1st Support: 63,519.90 1st Resistance: 69,419.07 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
Last week was the official launch of the long anticipated Ethereum spot ETF. Sadly, the markets dumped right after trading went life. We have seen the exact same thing happen earlier this year with the BTC spot ETF launch, where the ETF lost over 26% of its value in the first 7 trading days. The Ethereum ETF is currently trading at -12% after 7 trading...
#bitcoin #btc is now testing one of the major resistances that's why i call this bearish retest.
💎 In the daily and weekly time, after a complete 5-wave upward cycle, it faced supply in the area of 1.84 and a corrective form took place. 💎 According to the current correctional structure, a combined multiple correction is underway, which can continue until the specified areas. 💎 Therefore, as long as it is below the price of 0.79, it can go through the...
BINANCE:BCHUSDT is trading within the boundaries of the uptrend. Potential is not exhausted. The market is forming a correction to the liquidity zone before a further bullrun to ATH Bulls are trying to hold the defense above the key support area, which divides the market into two planes. Fundamentally, the situation should be assessed relative to BTC and ETH....
Scenario 1: If the current bearish correction ends at this support zone, the price will hold here. Further consolidation will occur for a couple of hours, followed by a slow bounce back. We might see minor resistance during this reversal, with the next target around 69K. Scenario 2: If the current support zone fails to hold, the next support is around the 63K...
Solana needs a breather and will go down to major support. Ethereum is gonna leave a multi-year long created cup-and-handle formation behind it to the upside. Simple.
Bitcoin Update (Weekly-TF) Is bitcoin following 2023 chart? In 2023, -Major Supply was $GETTEX:23K-25k, 2 Times rejected from there. -In Q1, BTC brokeout the Resistance/Supply! -BTC pumped $16K to $31K. Almost +90% pumped. -Flipped the supply & tested it 2 times as a support. -Total '7 Months consolidation : 30K to 25K -BTC formed a mega bullish ''Flag...
Good news as price just took out the lows of the range and is back above the mid level ($63,000). This simply means that $74,000 is next and a breakout of the range is brewing. Now, after about 130 days of consolidation and a monthly close in the green just around the corner, it looks like strong positive price moves are coming. Weekly View: - Last week's...
CRYPTOCAP:BTC was weak after we called top. We turned bullish on #BTC right around the most recent lows. We sold ALL our #Bitcoin ETF's at the beginning of this week as it was getting closer to resistance and the RSI & $ Flow are weak. Weekly chart shows that the downtrend is still intact. We posted the last chart some time ago. Our analysis is looking more &...
In my weekend analysis, I mentioned that BTC looked bullish across all time frames. The beginning of this week was promising for BTC, but enthusiasm faded at 70k, and the price started to decline. Currently, the price is at 64k, just above the 63,500 support level. This support is crucial for the medium-term price evolution. If the bulls cannot maintain the...