Overview: The Bitcoin market is on the brink of another explosive surge. Understanding the technical patterns and market movements is crucial to positioning yourself for incredible gains. Let’s delve into a comprehensive analysis based on historical data and predictive patterns to map out the future of Bitcoin. Historical Context: The previous Bitcoin bull...
Very simple theory. 53.2k has been an area of contention for Bitcoin. Hold above it to remain bullish, lose it to continue down. It became bearish when it lost 53.2k back in November of 2021. Just prior to that it tested that level after dropping from its April 2021 ATH, dipped, and then broke above it to make Nov 2021's ATH. Back in February of this year...
We usually consult the Volatility Index (VIX) when attempting to project movements on stock indices. But as recent price actions reveals, it can work equally well on predicting the trend on Bitcoin (BTCUSD). Take BTC's Channel Up for example on the 1W time-frame. VIX (black trend-line) has started a consolidation phase (green ellipse) following a strong decline...
Uncertainty as far as US elections keeps going could form a ranging zone. Elections brings euphoria in markets. Fiscal Contributions in US 15 Apr - 15 Jun can negatively affect prices. The end of the fiscal year in US on ~30 Sep can affect the markets heavily. Start of the bear market. This is not a trading advice, Thank you, St.Gex,
or you might miss out on the runup to 191. Potentially higher, but likely into next week. 154 is looking likely should we break under trend. Basically per this chart, either tesla is ready to make a move to the upside, and it looks like a quick move pre earnings. If TSLA drops today into that support zone, it can trigger a run up to 184, and then possible 191....
ALRIGHT, LET'S TRY THIS AGAIN. Tesla has a cool trend setup, retracement setup and indicator alignment into earnings. A REALLY STEEP DROP from earnings, past 134 and all the way down to around 96, could trigger a nice move to the upside that you won't want to miss. I know, TSLA to 74 or 30 or 10 (it's garbage). Well, no, I disagree. At least in the short...
We have been selling off for quite a bit which is expected after we touched 70k, lining up the trend with previous bull runs you can see that same exact pattern which consists of dipping until the sell is exhausted and the downtrend shifts to a massive pump. This is lining up perfectly with this years price action, there is a chance that August will be the start...
HUT8 Completed a bullish bat on the 4h at support, it is now showing potential for 3 rising valleys at a zone where its is very easy to manage risk. We are bullish on btc and all the variables are lining up here also.
Hi guys. This is an update for a longer term LONG position I am building from these levels. We had a German Government dumping 12k BTC on the market and re-visited 55k area . This selloff was absorbed by market . German Government has 23.7k BTC left in their wallet down from 50k .
A hint... the RSI. The RSI is one of those reliable old-timers, especially useful in higher timeframes to determine longer period price action, such as near term and long term. Together with Elliot Wave Theory, I'm going to present to you an argument for why Bitcoin is STILL BULLISH and what my strategy/expectation is for the coming weeks. I'll also share key...
Over the weekend Bitcoin has able to decline into the 1.0% A=C area target of $54,650 for Intermediate (A) and reverse. Below $63900 and price can continue lower into the target box. Above that price level and I will consider our intermediate B underway. This could very well take months to complete. Be prepared for a frustrating period of time.
60k-58.5k is support zone, Next target $64.8k - $68.8K Invalid below $56.5K #Dyorrr
Current Market Overview As of now, Bitcoin is trading around $57,000, showing a resurgence after recent declines. This upward movement has been influenced by several factors, including reduced sell pressure and positive market sentiment following significant transfers and regulatory developments. Recent Developments and Predictions Institutional and Market...
In the last major rally, BTC needed approximately $522 billion to drive a 51% surge. Data from Feb 5 to Mar 4, 2024, highlights the substantial capital influx required for such a rise. Given current market dynamics, the availability of similar liquidity to ignite another significant price jump seems unlikely. 1D TF highlights a key support level around $ 53K ~ $...
Last weeks high: $63,884.22 Last weeks low: $53,536.87 Midpoint: 58,710.54 A continuation of BTC selling off has lead to a loss of nearly $10,000 from Bitcoins price from high to low. This sell off is mostly propelled by large selling pressure caused by the German Government selling, however they still have $2.2B of BTC to sell and Mt.Gox begin repayments of...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 BTC has been bearish trading within the falling channel marked in red. Currently, BTC is approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone $50,000 - $52,000. 🏹 Thus, the highlighted blue circle is a strong area to look for buy...
In the weekly time frame, the head and shoulder pattern has been completed in the RSI and I expect a return from this area, also an upward divergence is observed in this time frame, in addition, a double bottom is forming in the 4-hour time frame.
In BTC USD, practically every time the monthly Stochastic RSI has reached 100 and the fast RSI crosses the slow RSI there is about a 45% to 75% drop in value as a correction. The BTC low target would be $29,000 to $41,000 for the next 6 months prior to the post-halving bullrun going into 2025.