We know this is an unpopular opinion BUT technically, Bitcoin is ripe for a move to the downside. On the monthly chart, we can see that we've completed a major wave 1 impulse and now we're in a wave 2 correction. We're looking for one more move down to complete this wave 2. See monthly chart below: It looks as if we're making a 535 correction and therefore,...
Bitcoin golden trend line channel, the main target is the golden trend line below, and the upper and lower gray lines are the channel. The five-star place is the low point and the bottom price of this target. The main focus is on the decline. If it falls below the golden trend line, it will be at the gray channel line below. The main low point will be around the...
Bitcoin has been experiencing notable volatility in recent months. On a weekly timeframe, technical analysis reveals a concerning double top pattern, which could indicate a significant retracement is on the horizon. This article delves into the implications of this pattern, the potential retracement levels, and the broader market factors influencing Bitcoin's...
From the place we entered on the chart "start" the correction of the big degree of BTC has started. The correction seems to be a triangle pattern. Wave D doesn't seem to be over yet. From the range of 50K-48K, we will have a good rejection to the top, but it seems that the range of completion of the drop is the range of 33K-30K. In this range, wave E of our...
Bitcoin has been falling off hard over the last couple of days. While we're currently trading almost 10% above the 53.4k lows, the downtrend has been established and BTC bulls are losing the fight in the short-term. In my view, BTC has confirmed a longer-term downtrend by making a lower-low (56.7k was the previous low, blue line) and by falling through the...
#btc #bitcoin price formed a bearish divergence and then divergence played out, #btcusd declined from both trend line and resistance zone.
At this moment the "V" recovery suggests a strong buying impulse, but it is necessary to monitor resistance levels to confirm whether this recovery can be sustained, it should exceed 10.34%. Overcoming will we start the expected altseason?? The OTHERS.D chart represents the market dominance of altcoins, which are all cryptocurrencies excluding the top ten by...
Technical analysis of Bitcoin (BTC) against Tether (USDT) on a daily timeframe: 1. Main Bullish Trend: The chart shows a long-term bullish trend line starting from the lower left corner and extending upwards. This line has been acting as a support level for Bitcoin's price. 2. Double Top Pattern: A double top pattern is identified near the upper middle section...
Welcome Fellow Traders! Tech Analysis for the coming week + review of the current! Usually takes about 15-20 mins, sharing as much as possible, Stay Tuned! If you find the content useful to you, do follow me on trading view and give me a Rocket BOOST!
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. As of last post, i was bias to go short on BTC but the moved before the collapse was tricky. I only did so later on in the drop. Decent still. As for now,watching for pullback , will be watching for change of structure etc before initiating shorts. Do check out my...
The scenario for #Bitcoin prioritizes a decline. I believe we will see a sideways trading corridor in the range of $40,000-$50,000, from which we can look for entry points for growth. Orders from exchanges:
quick picture of bitcoin with underneath indicator. moving average stuff. different measurements of time. the yellow line is the longest.
Klay showing depending on technical view a new activation on trend, which can allow this coin in the coming time frames to increase. The following will be on this coin to see if it's able to confirm and break. Target expecting : $0,18 - $0,27
#btc #bitcoin #btcusd This is a minor correction prediction of #btcusdt
Hi all. This is an update for a LONG positioning trade I suggested 2 days ago. Beautiful daily close yesterday above the support with a capitulation/sweep of liquidity just below. And great demand today! A nice confirmation I am right.
Bitcoin has broken the 60K support zone and probed as low as 53Ks. There was actually some advance warning at my previously determined 64K resistance area with a pin bar at 63,750 (see small arrow). While there is NO way to forecast the precise outcome of such a signal, it at LEAST called for adjustments for long positions (trail stop, stop to break even or take...
OKX:TONUSDT still continues to accumulate potential with the purpose of breaking through resistance 7.671 and continuing growth. Bulls are actively defending the zones of interest and continue to hold the positive market structure. Demonstration of a bullish structure. Continuation of upward movement on W1 Earlier, on the background of the general market...
Daily DOGE/USDT Analysis In the daily chart of Dogecoin against Tether (DOGE/USDT), the price has been moving within a descending wedge pattern. Recently, the price made contact with the bottom of this wedge, and with the current bullish momentum indicated by a 7.05% increase, there is a strong possibility of a breakout from this pattern upwards. Technical...