We’re seeing a major downtrend line forming since July 29th. A breakout from this trendline could trigger a solid price pump. There are also reversion zones overhead that might get filled during the breakout. Reversion zones: 1st zone: 59.328 2nd zone: 61.624 👀 Reversion Zone is an area on the chart where the price often returns after deviating. Some...
BTC is attempting to break through resistance of ascending triangle pattern after bouncing off support. Wait for a decisive breakout above the ma 200 to confirm the continuation of the bullish trend . Up we go if we do breakout , also a bullish hidden Divergence (HD+) on MACD which shows Positive Signs for BTC. The price can increase as much as the measured price...
Key Developments: BTC has broken through the major resistance zone at $60K. Strong buyer demand is expected to continue, especially after the rate cuts decision. Altcoin Strength: While Bitcoin Dominance (BTC.D) is rolling over, altcoins are showing renewed strength, suggesting a broader market rally. Market Outlook: The breakout signals potential continued...
Overview: Thank you, mighty Lord Jerome, for the pump! The Fed under-promised but over-delivered with a full 2 basis point rate cut. Looking at the 15-minute BINANCE:BTCUSD chart, when the decision was announced, the price spiked by just 1.7% before correcting. However, at 7 a.m. Shanghai time, four hours later, the price started to pump and has now broken the...
From where we put the red arrow on the chart, it looks like a symmetrical (corrective) pattern is formed on the chart. According to the waves, it seems that we are in the last wave of this symmetry (wave i). We expect an upward price rejection from the green range. Most likely, this bullish movement will be an x wave, which means that it will not be a...
In the local setup, I see a good opportunity for execution, with a risk/reward ratio of 1 to 5, which is very favorable. However, the risks here are quite high, so I will enter with a small portion. Reasons for entry. Based on the structure, it’s clear that we are retracing to 0.382 or 0.618 and then heading down. You can check this yourself. Since my portfolio is...
Ftm had a strong and kind of unexpected drop but by doing so creating more strength in the bottom pattern as seen on the chart, still looking for 2 dollar region!
I have picked a BTC long with the FVG and OB formed before the FOMC for a quick trade targeting $61150 which got ended up well by clearing the targets.
Just as expected Bitcoin is being rejected from the 200MA. Bulls still appear to be in control, so we should test the .618 Fib ~$65k. The real line in the sand is breaking through the trendline ~$68k. IF we close above that, the bulla will be in full swing! I'm still keeping 10% cash on the sidelines regardless for one last generational buy opp, although those...
Overview: The SP500 finally broke its all-time high (ATH), despite a red candle on Wednesday. Meanwhile, QQQ still has another 4.2% to go before reaching its record. Fidelity and Ark were busy accumulating their average amounts of BTC yesterday, while Grayscale and BlackRock remained on the sidelines. Only a modest $5.2 million went into ETH from BlackRock,...
is this the range until after the halving event? We have a monthly OB defending the low We have a monthly OB defending the mid (currently. broken up from) and we have dual monthly OBs at the high at the moment there is a high probability the halving event is a sell the news but will bitcoin ever see lower than 35k again? the arrow is not necessarily the...
Altcoins have struggled in the last 5-6 months since BTCs slowdown. Some alts are down 80% from their highs but are now displaying a promising pattern for the bulls. The chart shows the daily support that intersects 3 points that make a head and shoulders pattern. This H&S pattern is an important reversal structure that if gets completed would signify the bottom...
There are a lot of diverse opinions about Bitcoin, right? The only issue is, I don't know how they are completely certain that they are right! Perhaps I am overly doubtful. ----- There was a bullish flag formation on the Bitcoin *weekly* chart. To finish the flag pattern, Bitcoin needs to end September with a monthly close between $68,000 and $70,000. This...
Classic flag pattern here in confluence with Fibonacci Levels As another confirmation of trend, we have a beautiful Cup&Handle happening too
Here is another look at the BollingerBand Trend indicator with a greater reach in view. As seen in the graph with correlated indicator BTC reached a red zone at the time when the price was at its highest this year before falling and as the price fell the indicator began to rise once more. Being in a red, or under 0, with the BBTrend indicator right now and what...
Market Context: FTM is attempting to retest the critical $0.61 level, displaying strong relative strength in the market. This is an opportunity to bid on that strength. Trade Setup: Entry: Long spot position at $0.61. Take Profit: First target: $0.68 Second target: $0.75 Stop Loss: $0.57 📊 This setup focuses on capitalizing on FTM's strength with well-defined...
CRYPTOCAP:BTC #BTC broke out of $62,629, testing $62,580, breakout retest pending, haven't yet established new support and currently struggling at $61,953-$62,580. Beautiful follow up to bullish engulfing on previous 1D close, needs to establish a strong support at $62,580-$63,544 to avoid fakeout.
Good news on RATE CUT usually draws many attention to temporary pump. It's an opportunity that come and go every quarterly. Price shot up to 0.618 level must be observed carefully. And here are the 4H chart and 12H chart for download and reference: 4H: 12H: