TheKing Now- Despite the avalanche of FUDs made by the SEC.
- BTC still on his way.
- Like i said before, we are still in bearmarket but in a kind of pivot to witch to bullmarket.
- i spotted this inversed H&S few months already.
- Now the time is to wait.
- let's first see if this pattern is respected.
- Concerning altcoins :
- They dipped fast as BTC.Dominance reached almost 50%.
- Just the normal way.
- Time to charge more alts bags.
Stay Safe!
Happy Tr4Ding !
Bitcoinusdt
TheKing Summer Time- Okay, so TheKing dipped around -20%.
- For some peoples it could means panic and the end of cryptos.
- For Veterans those kinds of "mini crash" are very commons.
- We saw already harder moves in 2019 ( White Circle )
- Now those corrections are more large simply because BTC price is higher.
- Actually the situation still looking much more better than 2019-20 ( Covid )
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- i used only ichimoku on weekly Timeframe to make this analyze.
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- Like always everything is in graph.
- Basically BTC got a first big resistance around 32k$. ( Flat Cloud ).
- Next potential resistances are around 43k$ and 48k$. ( Flat Cloud ).
- For now BTC bounced on Kijun and found a support around 25k$.
- The price is staying inside the cloud so it just means for now " indecision ".
- Kijun Line ( Red ) is starting to make a flat around 25k$, it could mean " Build Support ".
- on Weekly TF, ichimoku cloud crossed bullish.
- So to get more bearish movements we need 2 confirmations at least :
1 : BTC have to dip under the red cloud.
2 : Tenkan and Kijun have to death cross ( Kijun (red line) have to go on top ).
So for now, nothing is predicting a new low but time will speak.
Happy Tr4Ding!
BTC: Approaching SupportTrade setup : Trends are mixed. Price made a lower low, which disrupted the Uptrend. Following the approval of 10 Bitcoin Spot ETFs, price broke above $45K, spiked up 9% to FWB:49K where it got rejected as traders began to take profits. Price has pulled back on “sell the news” effect to $38K - 40.5K support zone, giving us another opportunity for swing entry, with 12-25% upside potential near-term to $45K or $50K. Stop Loss (SL) level at $37K (just below support).
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $40.5K, which it broke, then $38K. The nearest Resistance Zone is $45K, then $50K.
Bitcoin will FOOL YOU : DON'T let them fool you IF bitcoin stay below 40K for 24 hour that mean we will dump to 37500 $ and this area very important area and my analysis say 37500 area will change the direction to bullish and will get Hugh Bumb after consolidation because the RSI indictor will be below 30 and that mean the price in oversell on daily timeframe
BTC WEEKLY - Target Zones to WATCH👀📉Hi Traders, Investors and Speculators of Charts📈
BTC is approaching the halving, during which the price usually fluctuates wildly as volatility and volume show up.
For any given dip, I don't expect us to break the white diagonal trendline (which validates higher lows).
When the price trades in a tight range, it's helpful to follow the classic rule of "buy on support and sell at resistance".
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BTCUSD keylevelHi,
At my previous analysis "click here" ,
We have a strong minor support, but its already broken.
the one and only support we have left at $40.213.53
if this support broken, bearish will continue to reach major support at $30,475
and if it happen, alt coin will be at red zone again.
Bullish will happen only if $43,655 broken up with target at 49,000-50,000 around channel up resistance.
Are you bullish or bearish?
share your opinion and your analysis at comment below
BTC: Pullback in UptrendBitcoin (BTC) technical analysis:
Trade setup : BTC remains in an Uptrend. Following the approval of 10 Bitcoin Spot ETFs, price broke above $45K, spiked up 9% to FWB:49K where it got rejected. Price has pulled back on “sell the news” effect to $40.5K support, giving us another opportunity for swing entry in Uptrend, with 12-25% upside potential near-term to $45K or $50K. Stop Loss (SL) level at FWB:39K (just below support). Wanna know which altcoins will benefit from BTC and ETH rise? Read our research report.
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $40.5K, then $38K. The nearest Resistance Zone is $45K, then $50K.
BTC: Ascending TriangleTrade setup : After breaking above $45K, price spiked up 9% to FWB:49K where it got rejected and pulled back. However, it did manage to make a Higher High and remains solidly in an Uptrend. It appears back in an Ascending Triangle pattern, giving us another opportunity. We wait for a breakout, back above $45K, with upside potential to $50K. Stop Loss (SL) level at $43,500 (just below support).
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $38K (previous resistance), then $35K. The nearest Resistance Zone is $45K, then $50K.
Where will the next Bitcoin price move?In 2023, the Bitcoin price followed a steady upward trend. This trend can be well "packaged" in a channel.
Where do you think the BTC price will go in early 2024?
The beginning of a correction with a final target of $32000-32500
or
Continued "creeping" growth to the $50,000 area
Pls, writing your opinions at the comments
BTC Correction Imminent (Fibonacci)Over the last three cycles BTC has corrected 25-40% once reaching the 61.8% retracement from the previous cycle high to the cycle low. Past performance does not indicate future outcome but there's a good chance we see a correction at the 61.8% fib retracement once again.
BTC: Ascending Triangle BreakoutBitcoin (BTC) technical analysis:
Trade setup : Bullish breakout from an Ascending Triangle pattern (above $45K resistance) indicates that buyers have now absorbed supply from sellers around this key level and price is ready to resume its Uptrend, with upside potential to $50K. Stop Loss (SL) level at $43,500 (just below support).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $38K (previous resistance), then $35K. The nearest Resistance Zone is $45K, which it broke, then $50K.
Will Bitcoin see 65K$Now Bitcoin is near $47K. $47K is the next resistance level for Bitcoin. If it passes this level, I predict that it can arrive at $60K and then FWB:65K in the near future. However, if it shows a reaction to $47K, I predict a correction till $37K. The correction can continue till $32K too in a pessimistic mood.
Anyway, I'm optimistic about Bitcoin's price in the near future because of some news about its ETF. In 2024, I hope it will see high prices.
BTC: Ascending Triangle BreakoutTrade setup : Bullish breakout from an Ascending Triangle pattern, above $45K resistance, indicates that buyers have now absorbed supply from sellers around this key level and price is ready to resume its Uptrend, with upside to $50K. Stop Loss (SL) level at $41,300 (just below the prior swing low).
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $38K (previous resistance), then $35K. The nearest Resistance Zone is $45K, then $50K.
BTC: Approaching ResistanceTrade setup : Following a bullish breakout from an Ascending Triangle pattern, above $38K resistance, price has reached $45K resistance area again. Now we wait for price to either
1) break above $45K resistance to signal continuation of Uptrend, with upside to $50K, or
2) pull back near $38K support for a swing trade entry with upside to $45K near-term and $50K medium-term.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $38K (previous resistance), then $35K. The nearest Resistance Zone is $45K, then $50K.
Bitcoin on december and next year 2024Hello traders, i have very freaky ideas about bitcoinas follow: If bitcoin can not exceed 40000$ for next few weeks we will see a big dump to 10000$. Im writing this to think and consider probability about unthinkable cases that any trader may face just be ready for
everythings.
Big short
Sl:40000
Tp for long term: 10000
Period of time that this analysis stand: 6 weeks most after that if it can not break 40000 or fall bellow 31000 it s going range for long time.
Be profitable.
BTC: Approaching ResistanceTrade setup : Following a bullish breakout from an Ascending Triangle pattern, above $38K resistance, price has reached $45K resistance area again. Now we wait for price to either 1) break above $45K resistance to signal continuation of Uptrend, with upside to $50K, or 2) pull back near $38K support for a swing trade entry with upside to $45K near-term and $50K medium-term.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $38K (previous resistance), then $35K. The nearest Resistance Zone is $45K, then $50K.
BITCOIN: STILL HOLDING ON.Bitcoin is currently maintaining support around the $43,000 level, but the uncertainty in the market raises questions about how long this support-resistance pattern will persist.
As we approach the end of the year, here are some key observations providing insights into the potential upcoming movement:
1. In early December, Bitcoin faced resistance at $44,000 and experienced a subsequent decline to $40,000 (-10%). We can see the same struggle at present.
2. The Relative Strength Index (RSI) is showing signs of losing momentum, suggesting a bearish sentiment.
3. The USDT Dominance remains firmly supported at 5.6%.
4. To signal a bullish trend, Bitcoin needs to successfully close above the $44,400 resistance in the daily timeframe.
In conclusion, considering the approaching Christmas Eve, which coincides with the weekly close, it is advisable to reduce trading stress meaning 'No leveraged positions', and enjoy your Christmas with friends and family. We will be posting updates related to the market so keep your notifications turned on.
Happy holidays.
Regards,
Team Dexter.
BTC: Pullback in UptrendTrade setup : Bullish breakout from an Ascending Triangle pattern, above $38K resistance, signaled resumption of uptrend. Price got overbought (RSI > 80!) near $45K resistance area and we’re seeing some profit taking by traders. Now we wait for price to either
1) break above $45K resistance to signal continuation of Uptrend, with upside to $50K, or
2) pull back near $38K support for a swing trade entry with upside to $45K near-term and $50K medium-term.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $38K (previous resistance), then $35K. The nearest Resistance Zone is FWB:42K , then $45K.