Bitcoin is showing bullish momentum, trading within an upward channel. After retracing to the channel’s upper boundary, it’s possible that the price could test the major hourly resistance level again before a potential bearish reversal.
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.
as I said before:
Head and Shoulders pattern completed: A clear inverse head and shoulders pattern has formed, signaling a bullish reversal. The breakout above the neckline confirms this bullish structure.
Breakout confirmed: Bitcoin broke past the previous resistance at $62,300, which now acts as a strong support level. The price retested...
For 6 months Bitcoin has been in a downtrend making consecutive lower highs
Price stalls above $60,000, and if we get any pullback, I believe the support level that has to hold is $61,300
On the 4-hour timeframe, we can see how price consolidated and deviated below this 4-hour consolidation range. Now, price is trading back above this level
If we can manage to...
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...
hello guys.
Inverse Head and Shoulders Pattern: The chart highlights a clear Inverse Head and Shoulders formation, a well-known bullish reversal pattern. The left shoulder, head, and right shoulder are well-defined, signaling a potential trend reversal from the previous downtrend.
Breakout Above the Neckline: The price has broken above the neckline, which...
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
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...
Due to the halving, the miners make less money. This means the miners have to work twice as hard to make the same amount of money. Historically, a miner earns on transactional process. When that money is conceived into a usage case scenario the money as BTC is spendable, or capable of being saved for later. Right now and since April 19/20th 2024 the newest halving...
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, 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...
Bitcoin is currently moving in the Support zone($55,780-$54,550) near the Support lines and 100_SMA(4H-TF) .
According to Elliott's wave theory , Bitcoin is completing microwave 5 of the main wave 5 .
Also, Regular Divergence (RD+) between Consecutive Valleys .
I expect Bitcoin to rise to at least $59,000 after breaking the Resistance line .
...
- Very Quick and simple update.
- Everything is in graphic.
- Nothing much to say.
- Not a price prediction.
- Just tell me, how do you like your coffee ?
Happy Tr4Ding !
Hi folks today I'm prepared for you Bitcoin analytics. A not long time ago price rebounded from the support level and tried to grow, but after it rose a little higher than the resistance zone, it dropped below the 58300 level, breaking it. Then BTC made a retest of this level and continued to decline to the trend line. After the price fell to this line, it turned...
Since my last update on this chart, Ethereum has broken its long term uptrend and dropped almost 40% in value. This was back in May of this year:
Zoomed out, you can see the failed long term trendline. Obviously, a break back above it would be a bullish sign, but there's a long way to go, as it's currently around $4,000.
Right now, it rests on its 200 and 100...
