The price retraced to daily support DS1 after getting rejected from weekly resistance WR1. Weekly resistance was supposed to push price down, specially after that level being a strong zone for liquidity. However, the daily support is a good zone for the support. The price may trade here for a while but I believe the price will bounce here at least towards 4HR1....
We’ve had an interesting move with a retracement to the Fibonacci 0.618 level and it looks like a head and shoulders pattern is forming. Fibonacci Retracement: The price has retraced from the entire wave down to the 0.618 Fibonacci level. Head and Shoulders Pattern: A head and shoulders pattern seems to be forming, which could lead to a significant price movement...
hey traders, i hope u having gr8 day so far as we expected, the Golden Ratio which comes from the HTF fib ext is still working as a support area price made a shadow below the Golden Ratio in HTF like Weekly, and then we had another bullish wave in LTF like 1H 2H 4H the confirmation for that move was the Harmonic Triangle or ascending triangle in LTF like...
#bitcoin #btc price must breakout this ichimoku span to be bullish otherwise declinations will cause forming bearish shoulder head pattern and i gave this pattern' s target in the chart.
It formed a bullish flag pattern A small retracement between the support zone i.e ($62k - $64) happened From this point we can see upside movement Unless there are bad news coming In that case $60k can be seen
Market Context: The upcoming SOL ETF and the Solana Breakpoint event in 6 weeks are key narratives. Solana's ecosystem is showing strength and resilience even when the market is declining. Trade Parameters: Entry: Enter a long trade around $155. Take Profit: First target: $185 Second target: $205 Stop Loss: Set at $146 📊 Watch the price action and adjust the...
Market Context: AR has shown strong performance in the initial upward movement and is now taking support at the double bottom's neckline. This creates an opportunity to enter a long position with a tight stop loss. Trade Parameters: Entry: Enter a long trade around $28. Take Profit: First target: $35 Second target: $47 Stop Loss: Set at $24 📊 Monitor the price...
Bitcoin (BTCUSD) is testing today the 1D MA50 (blue trend-line) for the first time since July 19, on the most important 'break-and-pullback' re-test since October 11 2023! That was the last time BTC re-tested the 1D MA50 as a Support after a recent break-out, following the April 14 2023 - September 11 2023 Bearish Leg of the 21-month Channel Up that started back...
Bitcoin (BTCUSDT) is showing a classic bearish head and shoulders pattern, signaling a potential trend reversal. This technical formation, considered one of the most reliable trend reversal indicators, suggests that the current bullish trend may be nearing its end. The pattern consists of three peaks, with the middle peak (the head) being the highest, flanked by...
Fake break OR support depending on your view on the 200 day moving average. Top of channel target - $70 000 I have a NASDAQ:IBIT position (iShares Bitcoin Trust)
hey traders lets take a quick look at BTC from the daily TF, we have an important zone for trend confirmation and price still playing range in this Zone for a while based on the daily zone, we can expect support at the bottom n resistance behavior at the bottom of the zone the bottom of this zone which is our major support area already confirmed with fib...
Bearish Flag Pattern in BTCUSD The BTCUSD chart is currently forming a bearish flag pattern, indicating a potential continuation of the downtrend. With Bitcoin's price hovering around $64,300, this pattern suggests that the market is likely to break out below the lower boundary of the flag, potentially targeting $62,000 or lower. Key Characteristics: Flagpole:...
Hi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price rose to support 1, which coincided with the support zone, and then rebounded and fell to support 2. Soon, BTC broke this level too and fell even lower than the support zone, but later price backed up and some time traded near support 2. Next, BTC declined to the trend line, after which...
Morning folks, So, as we've said - don't upset if you missed long entry as we will get the chance later. Now retracement is under way. WE have a few different trading scenarios. First is, those who would like to buy - our B&B "Buy" trade stands very close. Today we could get bullish grabber on daily chart that will be quite welcome. On 4H chart the B&B could...
Hello,Traders! BITCOIN went down to Retest the horizontal Support of 63,000$ But its a strong key level So after the retest we Will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
CRYPTOCAP:BTC has been outperforming CRYPTOCAP:ETH this entire cycle. If Ethereum does not outperform Bitcoin by the end of it, consider it good as dead next cycle, akin to Cardano. Clearly consumers have flocked to Solana for dApps, and Bitcoin is the store of value, which leaves very little room for Ethereum to carve out its own niche as they both continue...
May be we all should get ready for the next bull run in 2024 and 2025. When BTC goes above 40k, the stocks related to crypto will just go crazy. This chart is just a representation on where to take profit and where to buy. I guess COIN might hit the ATH by mid of 2025. First crypto second capitulation then create a base and then halving and then enters bull...
Considering the ascending trendlines and the price being above the Ichimoku cloud, the current trend of Bitcoin to Tether is bullish. To maintain this uptrend, the price needs to surpass the resistance at $67,424 and move towards the next resistance at $69,686. If the price decreases, the supports at $65,264 and $63,618 can act as key levels to prevent further...