Bitcoin started pumping after the announcement of the US Federal Funds Rate ( The Federal Reserve lowered the US Federal Funds Rate by 0.5% to 5.00%. ). Considering that lowering Funds Rate is potentially good for the cryptocurrency market, lowering Funds Rate while the US government continues to print and spend money is a big mistake. I predict that...
BTC / USDT Quick summary : 190 days have passed since the BTC topping in march 2024 at 73k Since that moment BTC was trading in downtrend with LH and LL What we can see in chart : finally we can start seeing serious bullish signals 1- First Higher low in 6 months 2- Triple bottom formation in RSI indicator What I wait and expect for next ? I think...
hello guys as I said before: The chart shows a completed inverse head and shoulders pattern, signaling a bullish reversal. Price broke above the yellow resistance zone, confirming the bullish breakout. Next target is near 62,300 USDT, as shown by the horizontal resistance. Price is currently consolidating within a reachable area (yellow zone), potentially...
Hi folks today I'm prepared for you Bitcoin analytics. Some time ago price declined to support 1, which coincided with the support zone, and soon broke this level and continued to fall. In a short time it declined to support 2, which coincided with one more support zone, some time traded near and later dropped to the trend line, breaking support 2 too. Next, the...
hello guys. let's dive into btc analysis after the previous analysis: Broken wedge pattern: The chart shows a clear breakout from a descending wedge, a bullish reversal signal, indicating a potential trend shift. Upward channel: After the breakout, Bitcoin has been moving within an ascending channel, which provides a strong bullish structure for price...
As of this week the FED has announced that they will be slashing the FED funds rates by 50bps (0.50%). Contrary to popular belief, this is not necessarily bullish. Actually, the last three times that they did it was an indicator that a bear market was coming. As seen on the lower chart, once the FED cuts the rates, it has often signaled a stock market crash in...
Bitcoin follows the trned until it breaks trend is bullish next key resistance zone GETTEX:64K - FWB:65K Or wait for a structure change until that follow-up trend
Hello, fellow traders! Today, I’m diving into Bitcoin’s recent price action following the Fed's rate cut decision. Bitcoin has been stuck in a range for some time, and the recent -50bps rate cut has triggered a positive market reaction. Let's break down what this could mean for Bitcoin's next move, with a focus on the developing Double Bottom pattern. ...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price entered to triangle, where at once made downward impulse from resistance line to support line. Price broke $63700 and $54900 levels, but soon turned around and rose higher than $54900 support level, breaking it again. Next, BTC continued to...
🔍 Technical analysis: Ascending channel and corner alcove formation in the green support box area - Continuing the analysis of the previous post , the Ethereum currency faced selling pressure after reaching the daily and weekly supply range. - After the formation of a Double Top pattern, it has had a zigzag correction to the green box range. - It is...
Dear colleagues, after analyzing bitcoin I came to the conclusion that the price is in an upward impulse, but the correction “2” is not yet completed or almost completed. I believe that after reaching the area of 56398 the price will again rush in an upward movement with the goal of reaching the area of 64879 in wave “3”. Manage your capital correctly and...
Why would bitcoin 3x plus within a year? Here is why: 1. Federal funds rate have started to drop as of yesterday. Bitcoin is considered a risk on asset. That means that if interest rates go down, investors sell their low ROI bonds to buy more risky assets to get higher returns, and Bitcoin flourishes in this environment 2. 6 month bull flag. Price is...
The FWB:65K area has been a rejection point twice already for BTC, so an opportunity for a scalp back down to the breakout area is possible. However I would trade with caution as we're into the window for the beginning of the bull run so wouldn't be surprised if price just runs. If this marks the beginning of the bull run I'd recommend all shorting option...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to triangle, where it at once started to decline from the resistance line and soon fell below the 61200 level, breaking it. Then the price dropped more and broke the 53300 level, reaching the support line of the triangle, after...
BINANCE:BTCUSDT Bitcoin price is in the ascending Triangle with means the bitcoin price can react to this situation and breaks the triangle and will go up. and the most important resistance for Btc is currently 61k if the price breaks this resistance, Bitcoin can reach the top of the megaphone. Analysis Summary: Current Situation: Bitcoin is struggling to...
Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I'm publishing this in advance because I have a schedule. The content below is the explanation part necessary for understanding the chart. Therefore, you don't necessarily have to read it, but...
BTC is forming a "W" pattern or a double bottom on the H4 timeframe. This is generally bullish structure and leads to a continuation impulse. The possible pullback scenarios are in red and green paths. These are areas to monitor to look for entries for longs to 1.618 1.786 area. Extensions are pulled from the previous Swing low and retracements are pulled from...
looking at this chart we are trading in a channel or a bullflag like most of you call it. Targeting here new ath near 90 000 US dollars