Btc still bullish But it seems that market wants to liquidate the long positions before increasing the price.
Welcome to our weekly analysis of the cryptocurrency space. █ BTC/USDT The BTCUSDT chart shows Bitcoin trading within a descending channel, with recent price action bouncing off the lower boundary of this channel, indicating potential support around the $53,000 level. The RSI indicates bullish divergence, suggesting a possible trend reversal or a strong...
- Structure shows ranging short term wise - We are still holding a long position from the low and we target higher. - Open Interest indicates more short interest at the keylevel. We believe short stops will be taken out soon.
BTCUSD hit last week the 0.5 Fibonacci level coming off the recent Low (Jan 22nd) and held it. This makes it the new support level and technically keeps the outlook on the 1W timeframe neutral (RSI = 48.770, MACD = 4105.800, ADX = 40.148), which is encouraging. The reason is simple and has to do with Bitcoin's behaviour from the very start of the current Bull...
Title is straight and to the point. We are now on the bearish side of our trend lines. Though, long-term, Bitcoin remains bullish and is, in fact, inside of a long-term bullish channel (bull flag), if we drop from this channel then 48k will most likely be retested as support. 48k, if you remember, is the neckline of our long-term inverse head and shoulders...
#BTCUSDT is currently trading within an ascending channel that is often recognized as a bearish flag pattern, indicating a potential continuation of the downtrend. The price is approaching the top of this channel, which coincides with a significant resistance zone. This confluence of resistance levels provides a strategic entry point for short positions, offering...
"welcome to 2030. i own nothing, have no privacy, and life has never been better." --- welcome to my page, i have not posted anything btc related in awhile because my primary posts have been private for well over a year. few eyes see my work, and i intend to keep it this way. i will though, share my primary outlook on btc - because fact of the matter is,...
Market Context: AR is a high-conviction bet, currently consolidating within a massive range for nearly 140 days and sitting at a crucial support level. Trade Setup: Entry: Enter a trade around $22. Take Profit: First target: $25.8 Second target: $30 Third target: $36.5 Stop Loss: Set the stop loss just below $19. 📊 Monitor the market closely and adjust your...
CRYPTOCAP:BTC Volume has been crippling while the price has been moving up. This is a bearish divergence, and signals a Bull Trap. $50,6 is still the support we need to retest before we reclaim this $60-70k range.
Market Context: LDO experienced a significant sell-off due to the SEC case, bringing it down to high-time-frame (HTF) support. As one of the best ETH beta assets, there's confidence in LDO's potential, especially with anticipated ETH spot ETF flows. For a bullish scenario, ETF flows should exceed 20% of BTC inflows. Trade Setup: Entry: Enter a trade at support...
Hello traders, there are very few successful people in this business. Please do not believe or trust every trader and chart that comes your way. I have set my target on the chart. Those of you who know me know that my targets will always reach their target. Drawings are very important in this business. If you make the right drawings, you will reach your...
#bitcoin #btc is still moving in the ascending channel after recent dump. Ascending channels more often confirms the down trend continuation but rarely results trend reversal. I may expect movement like this while P.A. is still bearish. Invalidation: If #btcusd breaks out channel permanently. Not financial advice. DYOR.
WLD - PUMP is going to start! Goals 1st - $3.2 2nd - $4.5 3rd - $6.55 Follow the tide until big liquidation can happen
Did BTC make it bottom yet or will we see more red? If we look at the charts and the strong rejection of the current lows we would like to think we have seen the bottom. Relative Unrealized Profit That made me look into the RUP chart (Relative Unrealized Profit) on Chainexposed. If we analyse that chart we can see that the RUP in the green zone has been...
Morning guys, So, our idea with the upside bounce has worked perfect. Now price stands at strong resistance of 60K area. Until it stands below this level we suggest that bearish context remains. To start thinking about changing of the sentiment and consider long positions we need to see BTC somewhere around 64K and breaking through 60K strong resistance level....
Hi all. Timeframe 1 day. ASRUSDT has formed a triangle, looking for a long break/retest. Goals on the chart.