Hello all traders, let's dive into today's BTCUSD analysis! Currently BTCUSD is trading around $58.327 and lost 1.36% at the start of the new week, continuing the decline after the price tested the 0.618 and 0.5 Fibonacci retracement levels. The bearish outlook remains very strong with the price still below the 34 - 89 EMAs, in addition to the strong market...
Hello everyone! BINANCE:BTCUSDT We can see that the recent decline is continuing, which is consistent with the breakout from the bullish channel that I outlined earlier. Therefore, today I will focus on selling and targeting lower profit levels.
Investors are hopeful that risk assets like Bitcoin could see strong gains if the Federal Reserve cuts interest rates by 50 basis points instead of the previously anticipated 25 basis points. However, Bank of America (BofA) urges caution. They recommend not overreacting to any initial market reaction after the Federal Reserve's September meeting. According to...
BTC failed to keep its bullish momentum above GETTEX:59K , now trading just below 4HR 200MA around $58.7k. $56.5k - $58k is the nearest support zone. If lost, $50k could still be expected.
Cruising in the recent range with a low of 55534.41, as long as this low is in place and not broken, we are bullish. It's price has had a few scalps for me, but nothing interesting to trade as a swing trade. I have marked my magnets of areas of interest. So, I'm targeting lows and then the high of my 4h Neg OB just hanging there. Let's see what market makers will...
Hello all traders! Today I will focus on the 1-hour chart of BTCUSDT, we can see that the price is currently trading around $58,460. But! there are signs that the price is moving within a clear bullish channel. If the price holds $58,000, I expect the price to rise first to $60,000 and even $60,500 to retest the previous support zone and 34.89 (EMA). After that,...
I still believe that Bitcoin has a chance to create a new All-Time-High in the coming months & shake out early sellers, same way late buyers have been liquidated recently. ⭕️A-B-C Correction (Sub-Wave) Completed on Weekly TF. ⭕️Major Wave 5 Impulse Move Yet Pending. ⭕️Liquidity Pending & Price Compression Pattern Identified. Invalidation zone below previous Wave 4.
1. Price Movement: The price is currently trading at $59,792.97, with the chart showing recent bullish momentum from early September. The price seems to be facing some resistance around the $60,000 mark, as indicated by the wicks of the recent candlesticks. There's an overall trend of higher lows and higher highs, indicating a bullish trend. 2. Key...
Bitcoin has rallied off the 53K support area as anticipated (read my previous article). I even explained my dollar cost averaging strategy particularly for this situation in my previous stream. If 60K is cleared, the next resistance is 64K. The current momentum is now bullish which can be confirmed by the higher low pin bar over the previous week (see arrow)....
So, I did get my 2% last week and still one going into last week's idea of a huge -OB. Standing to be tested. Let's see if it will give it to us. That's also my TP 2 if the market is kind enough.
i see bitcoin bullish over the next few weeks i check out my analysis on the dollar i am very bearish on DXY .
hello guys, as I published before: in updates you can see this signal: so I believe the next target of Btc is somewhere around $60k! Let's see! __________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with...
GM crypto bro's, happy weekend! BTC has finally pumped to the 60K area as mentioned in yesterday's market update. This morning, the Fear and Greed Index is in the neutral zone at 50, while the Stochastic RSI remains overbought. Typically, after a pump, BTC may retest the 59K - 58K area. However, if it continues its pump, the next target is 61K - 62K. BTC often...
Sometimes you can predict market moves by price and S-D logic. Gold consolidated at 2500$, that works as a natural fib level? ie if market (SD dynamics) is strong enough -> either 3000$ is possible or 2500$ stays the limit. Bitcoin around 75k figures out which side is stronger --> does 100k make sense or 50k is greater. Which side market leans towards most - wins. ♟️
Exactly a year ago (September 25 2023, see chart below) we published a comparative analysis of Bitcoin (BTCUSD) against the U.S. Dollar Index (DXY): ** Negative correlation and the Fed next week ** We argued of the natural negative correlation the two have and BTC rose immediately to its impressive October 2023 - March 2024 rally, just when DXY got rejected...
GM crypto bro's, this morning the Fear and Greed Index is at 32 in the fear zone, and the Stochastic RSI is in the overbought area. A slight correction may be coming soon, and BTC might not reach 61K, likely staying within the 59K - 60K range as we head into the weekend. However, there's still a chance for BTC to break 62K. The market is dynamic; don't be FOMO,...
AVAXUSDT is currently trending downward, creating lower highs as it nears a crucial support level. After a pullback toward the resistance zone, the market struggled to sustain upward momentum, resulting in a divergence pattern. The price has since dropped below the significant 24.00 level and broken through an upward trendline, marked by the appearance of a...
GM crypto bro's, the correction I mentioned yesterday has been hit. This morning, the Fear and Greed Index remains in the fear zone at 31, while the Stochastic RSI is now in the overbought area. Today’s market outlook is similar to yesterday: potential pump to 59K - 61K. A drop is still possible. Remember, the market is dynamic; don't be FOMO, stay safe, keep...