In our last analysis, we have observed a WXY correction that is still in play. Price made a nice bounce off channel making a running flat. Can we buy from here? TOO Risky.. What we want to see? BITCOIN 1H - Wait for the break of structure, 50 EMA and trendline. Entry will be at the retest Good Luck and Trade Safe!
We go to 45k or 38k for a deeper correction before next leg up? This would complete the inverse head and shoulders.
GM Crypto Bro's, this morning the fear and greed index is at 29 (fear), and the stoch RSI is starting to enter the oversold area, which could indicate that the significant downturn might be coming to an end. Overall market outlook today remains similar to yesterday’s update, with a personal outlook suggesting that we might see the month closing around the 60K-62K...
Bitcoin (BTCUSD) is taking a hit on a weekly basis as, despite last week's green candle that extended the rebound on the 1W MA50 (blue trend-line) and hyped hopes for a new 70k test, the last two days are resetting the momentum. Still, there is no cause for alarm as BTC has been practically consolidating since the March All Time High (ATH). And in fact, the...
So We have Low Of 56120.00 what makes still price bullish, considering bearish price slap down for 2 days , it pretty good idea to start to trade higher in discount, but not exactly sure , we made 2% last week on this range, i do not want to give back to the market , and do swing trade at this point. I ll reduce risk into 0.1 % and scalp in 5 minute chart , maybe...
H1 - Bearish trend pattern Currently it looks like a pullback is happening. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
GM Crypto Bro's, the market is heating up again this morning! The fear and greed index is at 30 (fear), while the stoch RSI has dropped significantly from its overbought area. BTC’s correction followed exactly as predicted in my market update from two days ago, but the drop was deeper than expected, even touching the 58K-57K range. So, what’s next? In terms of...
Hello,Traders! BITCOIN went down and Is now retesting a horizontal Support level of 61,600$ From where we will be Expecting a local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
🔍 BTC/USDT Analysis: 1-Hour Timeframe 📉 The BTC/USDT chart on a 1-hour timeframe reveals significant upcoming dates where price movements may present trading opportunities. As always, it’s crucial to analyze these signals in conjunction with higher timeframes for a more comprehensive understanding of the market. • August 31, 2024, 16:00 - Red Line: This time...
BTC is likely to drop a bit from here and dip in the highlighted area btw 62k-62.7k. If you want to buy you should set your buy orders there.
BTC is forming an absolutely massive Cup & Handle on the Daily/Weekly chart. There has never been a formation like this in the history of crypto, and it's sure to be an incredible run to levels that will shock the world.
GM Crypto Bro's, this morning, the fear and greed index stands at 48 (neutral), while the stoch RSI remains in the overbought area, now signaling a potential downturn. BTC has started to decline, reaching the 62K-61K area I mentioned yesterday. If it drops further, the big possibility is that it will hit our red zone in the range of 61938-61268. Keep in mind...
Bitcoin (BTCUSD) will close the month of August this week and the 1M candle not only rebounded aggressively on the 1W MA50 (red trend-line) but also held the Symmetrical Pivot Zone for the 6th straight month. This Zone is critical because during the previous Cycle in late 2021 it served as Resistance and since the recent March 2024 break-out, it has been acting...
GM Crypto Bro's, back to reality—happy working day! 😂 This morning, the fear and greed index is at 55 (greed), and the stoch RSI is still comfortably in the overbought area. The red zone around 62K-61K is a potential area for BTC to visit if a correction occurs. Overall, the BTC market outlook for today remains similar to the update from two days ago. Keep in...
BITSTAMP:BTCUSD Will history repeat itself with Bitcoin? The first grey box zone in last year's spring indicates a price range where the asset consolidated before a breakout upwards. The second box zone indicates another consolidation area before another potential breakout. I think there will be an upward reversal when the weekly RSI reaches mid-levels, and then...
Bitcoin rejected the 56K support and is now testing 64K resistance. Read my previous article to learn how I described this scenario a week in advance. With price at a proven resistance, along with a couple of inside bars suggests momentum continuation higher BUT how much higher? With the coming week typically being the SLOWEST week of the year, expectations should...
Trade setup : Price broke back above $60K horizontal resistance and above 200-day moving average (~$63K) to signal resumption of uptrend, with upside potential to $72K. Stop Loss at $59K. Momentum (MACD) is bullish but not overbought yet (RSI < 70), suggesting that there's still gas left in the tank near term. Pattern : Resistance Breakout. Once a price breaks...
BITCOIN is trading in an Uptrend and the pair has Formed a bullish flag Pattern so as the pair Is breaking out we Are bullish biased And we will be expecting A further move up !