As the Fed prepares for the first rate cut next week since it begun the cycle of hikes in February 2022, it would be very eye-opening to observe the global monetary supply and what more money in circulation could mean for Bitcoin (BTCUSD). The light green and red candles (top) illustrate the Global Liquidity Index (GLI) comprising of the FED, TGA, RRP, ECB, PBC,...
GM crypto bro's, this morning the Fear and Greed Index remains in the fear zone at 37, and the Stochastic RSI is moving into the overbought area. Today's BTC outlook is quite similar to yesterday's update, with a potential correction around the 55K area or possibly a continuation of the pump to the 60K - 61K range. But remember, this is just my personal analysis...
Bitcoin's looking bearish short-term. Key supports to watch: 54,800 and the CME gap at 54,000. I expect a bullish reversal around 53,500-54,000. Resistance is strong at 58,000 and 59,000. My take: we'll see a dip before any upward movement.
In the range of 53,600 to 55,400 dollars, you can think about a position to buy bitcoin. Get confirmation of this position in 1H time frame. INTRY: 53600 to 55400 Stop Loss: 52300 TP1: 58200, TP2: 61100, TP3: 64000, TP4: 66800 Footnote: Position number 1 is related to the previous analysis.
We got liquidity taken, so I'm scalping short and about to take the first profit. Daily closed bullish, so I'm still not sure about this range. If we see 55987.70, 4h - Neg OB flips bullish, I will be out of my short and looking for a new plan. It could easily go higher or lower. We are in scalping territory, so be careful. Sniper entries for us only on very small...
GM crypto bro's, BTC finally pumps and breaks above 55K! This morning, the Fear and Greed Index is at 33 (Fear), and the Stochastic RSI has managed to exit the oversold area. Where will BTC go next? Based on today's price action, after this pump, a slight correction might occur around the 55K area. If the pump continues, the next target could be in the 60K - 61K...
Hello,Traders! BITCOIN was trading in a Falling channel but now we Are seeing a bullish breakout And after a potential pullback We will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
do you? We encountered a peak fear period last week. And altcoins have taken back all gains if not more. YET I remain bullish. Call me what any name you want. I believe in $100k BTC by the end of the year. And onto my top target zone of $123k-150k
The Descending Broadening Wedge pattern has unique characteristics compared to the Falling Wedge or Flag patterns. While the Falling Wedge and Flag patterns feature converging lines that taper to a point, the Descending Broadening Wedge widens from left to right, indicating increasing market volatility over time. This pattern forms when the price moves within an...
Bitcoin (BTCUSD) has been basically trading sideways for the past 6 months following the massive surge at the start of the year due to the introduction of the BTC ETF. There might be no better way to illustrate this 6-month ranged trend than the current chart on the 1W time-frame. ** Buy-Hold-Sell Zone ** On this chart we depict BTC's Cycles in terms of Zones...
Technical Analysis of the Chart by Blaž Fabjan: Descending Trading Channel: BTC is trading within a descending channel, showing lower highs and lower lows, which typically signals a downtrend. However, it is nearing the bottom of the channel, often a zone for potential reversal. Support and Resistance Zones: Support: The two orange zones indicate strong...
GM crypto bro's, happy working day 🗿! This morning, the Fear and Greed Index remains in the Fear zone at 26. Stochastic RSI is still in the oversold area but shows signs of forming a double bottom. With today's weekly closing candle, the likelihood of another BTC dump seems smaller compared to a potential pump. The 55K area has been visited; now we wait for the...
Bitcoin clears 56K support even while attempting to confirm a reversal in the 60k area a week earlier. With price back in the 53K to 50K area support, this is a time to watch for short term reversals as well as an investment opportunity. At the same time, there are two very important lessons to be learned from this recent support break situation. The arrow on...
According to TA Bitcoin is in Reversal Zone. If Price breaks above $57000 with high Volume, Then I'll Consider BTC is Bullish & ready for New High. Note : Do your own Research and Trade Wisely Never rely on my opinions. Good Luck folks
Bitcoin correction to the downside is still not being done on the daily and weekly timeframes. Next target is to the lower of the uptrend channel at area 39k - 40k before the next big up movement.
Bitcoin has been moving sideways for half a year creating a complex correction WXY( 3-3-3). Complex correction is made up of 3 waves were each wave is also made up of 3 waves ( in the form of ABC's ). Wave W = Wave X = Wave Y = 3 waves We are now in the last leg of wave Y. Expecting price to break the lows again and move upwards from our buy zone. Looking for...
GM crypto bro's, happy weekend? 🗿 This morning, BTC has dropped to the 52K area 💀 — a reminder to always stay safe in the crypto market. Here's the update: the Fear and Greed Index is at 23 (Extreme Fear), and the Stochastic RSI has dived back into the oversold zone 🗿. So, where is BTC headed? The potential pump still remains at the 60K - 61K range. However,...
BTC/USDT Analysis: Hourly Timeframe 📊 This chart highlights potential buying and selling opportunities based on forecasted movement of Bitcoin (BTC) on an hourly timeframe. Let’s analyze the key moments indicated by the green (Buy) and red (Sell) forecast lines. 🟢 September 5, 2024, 06:00 AM - Buy Date (Green Line): This is a potential local low, indicating that...