Historically, the DMI cross has helped confirmed a change in the trend CRYPTOCAP:BTC has been forming a 8-month base at resistance levels The -DM has been above the +DM for 8 weeks Still price is king, let's see if the digital gold can catch up with the fisical gold AMEX:GLD
Looks like BTC is heading to break the 64000 zone once again, and retest the recent highs. I've marked the resistance levels where the price might slow down or struggle to break. BTC is respecting the channel and in my opinion it might retest the high of the channel and try to break 65000 if we successfully break 64500 levels. Let me know what you all think....
BTC Dominance has formed a rising wedge right into weekly resistance. If it loses local support around ~54-55%, it may drop to weekly support around 44-47-49%. This could mean the entire market drops hard, or if Bitcoin holds up for the most part, it could instead mean a potential run for altcoins. Bitcoin dominance breaking 59% and holding above it invalidates...
- Quick Update. - If you're still standing and holding onto your cryptos, you’ve earned a medal. - Not much to see in this monthly chart, just one key detail : - Take a look at the RSI and notice how much BTC dominance has surged. - The next move could be altcoins skyrocketing out of nowhere. One word: HODL !!! Happy Tr4Ding !
If you’re a believer in technical analysis, it’s hard NOT to be bullish on BITCOIN right now given the absolutely textbook Cup & Handle Pattern which we see on the weekly timeframe. Buckle up and giddy up.
Technical analysis for Bitcoin (BTC/USDT) 1-hour price action with multiple indicators and a descending triangle pattern by Blaž Fabjan Chart Patterns Descending Triangle: This is a classic pattern that typically suggests consolidation, and in many cases, a breakout (especially when formed in an uptrend). The triangle seems to be nearing the apex, indicating...
Bitcon Analysis 25-Sep-24 Bitcoin crossed the SMA 200 and yet to cross the Fibonacci Retracement resistance 64370 decisively as shown in the chart
I’m waiting for this setup as it still shows strength. CRYPTOCAP:RUNE There are two demand zones at the bottom, with a breaker and an S/R flip in play. I’m anticipating that everything will become clearer after the FOMC meeting, so adjust your entry risk accordingly. Be prepared for potential whipsaw action before the market settles in any direction. My...
The directional triangle pattern on BTC looks as it does from the image included. Each day the triangle slightly changes towards progress either positive or negative depending on the unusal observations studied by traders wealthy and poor. Whether or not people care to note about the subject of the traditionally poor trader and the impact millions of poor traders...
Bitcoin is moving near the Resistance zone($64,140-$63,820) and 200_SMA(Daily) . I expect Bitcoin to at least drop to the Support zone($62,720-$62,350) after it passes a Bull Trap. And if the Support zone($62,720-$62,350) breaks, we should wait for Bitcoin to attack the lower line of the ascending channel . Note: If Bitcoin breaks the Resistance...
Just noticed this, no drawing here - TradingView's built-in cup and handle indicator is drawing a bullish cup/handle on the weekly Bitcoin chart, targeting 124k approx. Neckline is around 67k, which should be our next target if Bitcoin can hold a local support level between 60-62.5k and not lose 56.5k on the weekly. Here's what that looks like on the linear...
Monday - AMD (Accumulation, Manipulation, Distribution): The week starts with a classic AMD setup. Price begins with accumulation in a range, leading to manipulation and eventual distribution later in the week. - Accumulation Zone: During Monday, BTC consolidates in an accumulation zone, moving sideways before a larger move. - London High (0415): The London...
Bullish idea on BTC where I think we are in wave 2 of wave 3, a correction to around the 0.382 - 0.5 - 0.618 level before starting wave 3 of 3 towards $70,000 Idea invalidated if price falls below $57,472 (wave 2 crossing start of wave 1)
Ihave arbitrarily placed the measured move line for the bullflag breakout in the month of October but there’s always a chance it stays in the flag longer than that, in which case the measured move line would get moved over to the right and slightly lower each time it does. If it breaks up by october and validates that breakout the measured move target will be...
BTC is now tapping on old resistance that now is know as a support, sellers pressures are so soft and i think candles are showing oversold shows taht signals us a bullish move is on the way
Price of BTC turning bearish. A lot of choppy price action so I'm looking for price to drop & to fill the imbalance. In the process price should still drop towards our grey, supply zone. Once price taps in and ONLY if I see a clear 3 Sub-Wave (A,B,C) move, I will look to open buy positions.
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...
ETH/USDT Analysis: 4-Hour Timeframe 📊 The chart presents Ethereum’s performance against USDT on a 4-hour timeframe, highlighting key upcoming dates for potential market movements based on predictive indicators. 🟢 BUY NOW 🔴 September 25, 2024 - Sell Date (Red Line): This date suggests a potential local top for Ethereum, indicating an opportunity to take profits...