Hello,Traders! BITCOIN broke the support Cluster of the rising support And the horizontal support Around 57,700$ and the Breakout is confirmed So we are bearish biased now And we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Is the bullish cycle really over? Definitely yes, and in this analysis, I will tell you why! The crypto market is dying in front of our eyes, if you are a hodler of many coins, you can see it very clearly on your account balance. Bitcoin failed to sustain the key level of 62k (0.618 FIB), which is an extremely strong sign of weakness. If you take a look at my...
Continuing this long standing analysis on Bitcoin since I first pointed out the danger of an M-Pattern forming: The Weekly RSI has dropped under 50 , which is bearish for the time being (until the RSI gets back above 50). However, this alone does NOT mean we're back in a bearish cycle. Watch the video to see the conditions. Previously, we were discussing the...
btc hit the lows after 8 months or so of consolidation and was quickly bought back up "weak to strong hand transfer" is a fitting name for what is happening a close above previous "failed" support would form a nice left shoulder buy setup
BTC/USD on the Daily BTC is moving inside a rising wedge with a support that goes back to October of 2023. Rising wedges have a bearish bias. If the rising support fails to hold, the 50/100 SMA area will likely get a test, and possible the 200 SMA, both of which coincide with major order blocks. First order block lines up with the .236 fib retracement...
Traders, This recent drop in Bitcoin price has caught many traders (including myself) off-guard. Unfortunately, we cannot always get it right and when we do get it wrong, it is important that we drop any preconceived ideas we hold and honestly re-evaluate potential price action. So, that's what we are doing in today's video. We are only going to look at Bitcoin,...
seems btc would be supercheap with current supports like 60K,50K or 40K
COQ starts with new activation after market breakdown. Coming hours can be important for trend break for COQ. we will follow the trend to see if it's able to confirm. This coin can show coming time frames a break.
BTC cup and Handle similar to '19 structure. Handle would line up with the fib levels and the next major support below. Keep an eye on this. NFA do your own DD Novice trader here.
In the weekly time, it is moving in an ascending channel, which after a complex correction and higher floors has formed a runner zone, which can now complete an ascending wave in the specified area, which is the supply area. Therefore, 🔰 in the first scenario, I expect a correction with the support of the $2,500 area after touching the zone, which can appear more...
📅 Let's dive into today's analysis. Bitcoin has finally broken the 59323 support level, indicating that in addition to the Low Wave Cycle (LWC), the Medium Wave Cycle (MWC) trend has also turned bearish. This suggests that Bitcoin may undergo a deeper correction. 🗂 Bitcoin Analysis 🔍 Daily Timeframe Technical Analysis In the daily timeframe, after reaching the...
Bitcoin Faces Critical Resistance with Potential for Further Decline Current Overview: - Price: 57,537 USD - Time Frame: 4-hour chart Key Observations: 1. Resistance Zone: The chart highlights a strong resistance zone starting at 73,814 USD, extending up to 76,497 USD, which has been tested but not breached. 2. Descending Trend: The price is following a...
🔍 Technical analysis: Descending channel - The 4H frame time is moving in a descending channel. - Currently, in a limited range, the rangeing of a corporate pattern can have a downward refinement by testing the area. - Therefore, if it is exposed to a sales pressure after colliding with a dynamic trigger and the range of sale, it can have a 273 and green...
Bitcoin managed to reach a new low within our green Target Zone (between $58,655 and $47,012). This move is in line with our expectations. For the time being, we give the price a little more time and room to the downside to complete the current green wave 4. Our Target Zone can, therefore, still be used to establish long positions, whereby a stop 1% below its...
🔍 Technical analysis: Pullback to descending structure - It is moving in an ascending channel in the daily time frame. - So far, there have been several positive reactions to the bottom of the channel, which has led to the upward jump of the price. - It is currently facing an important supply range due to the positive reaction to the bottom of the channel. -...
🔍 Technical analysis: Corrective wave 2 scenario According to the previous analysis, the phantom currency had an upward structure in the form of wave 3. 💎 In the daily and weekly time frame, this complex combination correction can be a response to the previous upward movement, which can be the confirmation of the wave 2 correction for the next super cycle. - In...
BINANCE:BTCUSDT As you see BTC completed the 5th waves, and now it's time to start corrections waves(abc), i expecting the price can falling to PRZ zone. that's it! ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more...
Last weeks high: $63,700.01 Last weeks low: $58,451.16 Midpoint: $61,075.58 Q2 ENDS - Q3 BEGINS After a rough quarter of sideways chop, ranging between ~$56K-73K it's safe to say that the last 3 months has been a tough one for the crypto markets. Despite the frustration with price it's important to realise the positive elements of the last quarter. The ETH...