Almost 1 year ago (September 05 2023, see chart below), we published the following idea on Bitcoin (BTCUSD), which very illustratively presented the potential course of the new Bull Cycle: As you can see, BTC managed to trade an entire year rising within this green Arc pattern and always below the Cyclical Pivot trend-line that emerged from the bottom of the...
The two roads diverged in a yellow wood :) Critical area for BTC at the moment. Break above $62,000 for a bullish continuation towards $68,000. Break below $58,000 for a deeper bearish correction towards $52,000. Which scenario do you think is more likely to happen first and why? All Strategies Are Good; If Managed Properly! ~Richard Nasr
The long-term Bitcoin trend remains distinctly bullish, highlighted by a powerful breakout above the top of the average-price uptrend channel. This breakout propelled BTCUSDT to a high of $73,881, followed by a significant 33% correction. This pullback found strong support at the 50% Fibonacci retracement level, around the critical $50,000 psychological mark. This...
It's so simple. Buy if we reach there. Sell if it doesn't hold.
Is everything we’ve learned about BTC leading the way while altcoins lag behind a lie? Could altcoins be the secret service agent, sent from the future to show us the direction BTC will take? And did the moon landing really ever happen? On a more serious note, I noticed an interesting pattern when comparing the altcoin market cap to BTC’s market cap....
#btc #bitcoin has broken the trend line after the bearish divergence successfully played out. Now, #btcusd is performing the bearish retest to reclaim the zone. Declination will likely bring dumps. Not financial advice.
In this video, I dive deep into two potential scenarios for the market: A bullish scenario targeting $70,000 and a bearish scenario pointing towards $41,000. I explore the concept of a smart money reversal and the market maker sell model to provide a detailed analysis of possible price movements. Additionally, I discuss the bearish price structure and what it...
This is a really amazing example of fractal and autossimilarity in CRYPTOCAP:BTC On the panel above, a broadening downard formation in a 2 day timeframe, and on the panel below, the same broadening downward formation, but in the 3 hour timeframe This kind of pattern usually breaks out upward and the target is the height of pattern A increasing volume is...
Bitcoin is currently moving in the Support zone($58,500-$57,000) and near the Potential Reversal Zone(PRZ) . I expect Bitcoin to rise to at least the First Target after the Downtrend line breaks . Note: If Bitcoin goes below $57,000 , we should wait for Bitcoin to fall to $55,000 (at least). Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do...
Key Levels and Zones: - Monthly Open (MO): 64,601.8 USDT - Potential Resistance Level: 73,910.8 USDT (Upper bound of the blue shaded area) - Support Zone: Between ~48,000 USDT and ~51,000 USDT - Fair Value Gap/Mitigation (FVG/M): ~51,149.8 USDT (noted within the blue shaded area) - Previous Swing Low (Support): ~48,000 USDT - Previous Swing High (Resistance):...
Bitcoin is currently targeting the $44,000 level, a key area where multiple former support lines converge and where the 1.618 fibonacci retracement target is. This level also aligns with the potential completion of Elliott Wave 4, setting the stage for a possible upward push. The recent Death Cross—where the 50-day moving average crosses below the 200-day moving...
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 falling channel, where at once fell to resistance level and soon broke it. After this, price declined to support line and then exited from falling channel and fell lower even $54500 level. Then BTC entered to pennant, where it...
The bearish wave from 9’ Aug didn’t do the expected bearish reaction. It’s possibly a corrective wave for another bullish wave. And since the bullish move from lowest bottom at ~ GETTEX:49K doesn’t look bullish either; a bigger Double Combo is my current expectation. Breaking $54.5k is the 1st invalidation. Breaking GETTEX:49K is the final invalidation.
Has been too long since the last time that we had a crypto fiesta! Short-term view: As discussed in my last few analyses, BTC remains in a gray area. Bullish above the top yellow resistance and bearish below the bottom purple support. Stocks are breaking out bullish, so I'd expect BTC to follow. Very choppy market. 🎉CRYPTO FIESTA🎉 Comment your favorite crypto...
Here's what I see on my chart using my indicator. Really tight weave right now after BTC surpassed the blackhole zone. Now the price is working itself away from the compass overpass. Unlike ETH which is working through the underpass.
BTC/USDT Analysis: High Time Frame Insight The thick line on the chart represents a higher time frame, likely a weekly or monthly level. This indicates that the marked levels or events around this line could have a significant impact on the long-term price movements of Bitcoin. Current Price Action: The chart shows a gradual downtrend, which might continue...
Bitcoin moved as I expected in the previous post . Bitcoin is currently moving in the Support zone($60,800-$56,700) and near the Support lines . In terms of Classic Technical Analysis , Bitcoin seems to have succeeded in forming a Falling Wedge Pattern , and an Inverse head-and-shoulders Pattern is possible . Also, we can see Regular...
USDT Dom weekly chart looks bearish, 5.6% is hard resistance, tether dominance next Target will be 2% if it cant break the resistance. Boost & Follow 👍👍