BTCUSD analysis on 12/08/2024: BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity. The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200. Recommended orders: Plan 1: LONG BTCUSD zone...
If you find this helpful, don't forget to follow and support us with a like. It’s clear that buyers are struggling, but the pattern of lower highs and lower lows is concerning if they intend to push for $100k before the end of 2024. It feels like sellers are playing a strategic game, and here's why I think market makers might be up to something. If you’ve been...
From my analysis, I believe that we've traded back down into an area of heavy discount. I'll be looking to go long from here. Btcusdt, bitcoinusd, bitcoin
Over the past few years, BTC has shows affinity for Decembers. If you've been following for a while, you'll know I've been on about this "multi-month" cycle that eventually leads to another BTC ATH before the bearish cycle starts. And it's been exactly that - a mulltimoth period of sideways trading and corrections. However, considering how BTC usually increases...
I am sharing you my thoughts after the recent dump and my outlook for the week combined with trade ideas. Bottom might not be in, yet. I explain why. 49k is Key.
Here is a chart of #BTCUSDT on the 12-hour timeframe. At first glance, it looks nothing special: a prolonged consolidation on falling trading volumes, everything is natural and natural. But tomorrow, at 15.05 at lunchtime with the close of the 12hr candlestick, everything can change. Tomorrow is the announcement of the "fresh" US CPI rate. Forecast: inflation...
x.com Two weeks ago, when BULLISH sentiment was flooding everywhere, from major crypto online publishers to the biggest crypto YouTube influencers, I decided to send this message to their contact/editor email with a kindly ask, that I would like to present this outlook as a reasonable counter-view to their. PRO BONO. FREE OF CHARGE. From 15 of the major...
Bitcoin has broken a major support level at $57,142. If it fails to hold the support at $52,213 and cannot stay within the $55,000 support zone, we could see Bitcoin drop to $47,118.
My overview is bullish in BTC as per current buyers and sellers activity. if price test resistance and retrace not more than 50-60% then a bounce is expected. If price fail to test resistance then this overview will consider as NULL (conditions not fullfilled)
On the 4-hour chart, we have a bear flag forming. If this pattern holds, our next support level is at $56,855.00.
Today at 18.00 UTC , the Fed will announce a new rate, followed by Powell's speech. At the very least, increased volatility is guaranteed for the evening, so hedge your positions and uses stop orders and stock up on popcorn 🍿 Trading with leverage during this period is not worth it. 🤫 96% for the rate to remain unchanged - 5.5% 👎 4% for a rate cut to 5.25%...
BTC created a sharp bounce from 50-60% Retracement levels which was expected. But I was expecting price will consolidate near resistance level but price directly break the resistance in this quick move thats why there this a retracement. People booked there profit after a quick move IF there was consolidation near resistance then sharp continuation was expected.
BTC is in a bullish trend & currently creating a retracement. And trading in a parallel channel.. IF BTC Test above resistance and hold above level and then break then Good momentum is expected upside
This is update of Previous Post. New Resistance Created.. Now Price Should retrace remember it should not retrace more than 60-70%. And again test resistance then only it will be confirmation.
Analysing BTC from Top Down and building a narrative including a short idea for tuesdays trading.
As stated in my previous analysis, I do anticipate that the momentum will be bullish-biased. If the momentum does not retest the support zone at $56000, then the momentum might build up to the resistance zone at $69000 Let us now look into the 1-hour time frame and see where our entry point can be.
BITCOIN HELLO TRADERS Tendency , the price is under bullish pressure until trade above turning level . TURNING LEVEL : the price of turning level around 66,400 , indicates the price trade above this level reach a resistance level , but if breaking this level reach a support level . RESISTANCE LEVEL (1) : around 69,648 , for reach this level will be...
Triple bottom possible reversal or Continuatio n pattern Breaking upside confirmation required to buy