Hello, Don't usually post on TV but wanted to share this chart. $52k then $28k. Be safe, and take care. - Based
So it looks as if we did manage to break a trend of falling…. I marked the bounce of the Red River in pink and added a channel…It would appear we are heading back up to the blood line… Crossing over the this and hold support is major…. Support and resistance. DCA SAFELY. A GANN study
Hello, everyone! As I told you yesterday I opened the long trade because of the strongest bullish divergence on the 4h timeframe. Today we can see the weak upside movement. Moreover there are a lot of resistances and selling pressure right now on the Bitcoin price chart, but I suppose that it is not the case of the true price weakness. The price and volume spike...
Ethereum announces a shift from Proof of Work to Proof of Stake. With this new model, investors don’t have to solve complex grinding and electricity-consuming puzzles. However, due to the delay in this merge, Ethereum fell from $3,125 to $2,947 A flux and variability have been seen in the Ethereum(ETH) algorithm from Proof of Work (POW) and adopting a new pathway...
Unfortunately, we will either watch a big slaughter in the markets or relax as soon as possible, I hope this is a fakeout situation...
BTCUSD: Falling wedge Stoploss - <37296 Support in the area 33404-29512 Target-price 1 - 41768 Target-price 2 - 43088 Target-price 3 - 45200
As we know bitcoin prefers weak dxy in a downtrend. But as we can see (orange rectangles) we had periods where dxy was going up with btc. Nevertheless strong upward movements on crypto were analogic to downtrend on dxy . So far DXY looks very strong and bitcoiin struggles. From earlier periods when dollar was in accumulation phase we had 5-wave movements, with...
It's interesting to watch ETH how it moves in almost perfect channels basicly all the time. This idea assumes that this time it won't be different.
Of course, my heart wants $78K, but my logic says $22K, what do you think?
Overall Trend is bearish. Looking for continuation shorts to take out Weekly lows :) Good Luck, Good Trading.
Recap of the last update:- We needed a retest to the #37k level and it's already done. Though it wasn't a wick rather it was a slow bleed the support on this 12-hour chart is holding so far. There's a slight change in this scenario:- Rather than having a double bottom, we witnessed a triple bottom here added with a strong bullish divergence in RSI! 1. USDT...
❌ Bitcoin has risen slightly today after yesterday's crashes. Bitcoin traded at $ 38,300 yesterday. It is currently priced at $ 39,200. Today, Bitcoin's dominance in the digital currency market is about 42.5% of the total volume of the cryptocurrency market. The volume of this market (Market Cap) has reached about 1.75 billion dollars today. THORChain and Secret...
Not a first time btc conslidates in that patern, if history rhymes we should break up from this three weeks wedge, consolidate a little bit more on higher levels and try to break 46/47 area. Breaking down that bullish structure would be very bad for bulls.
In my opinion, the support floor is from 34.500 to 37.000 We will see higher goals in the future ========================== This analysis is just my mental idea Please analyze before entering Get approval first
I personally think the wedge breaking up makes more sense to get validated than the channel breaking down does..Until I see us form a lower low on the daily (below 28.6k) I tend to side with the bullish pattern. If the channel breaks down we could dump pretty severely as it is also the flag of a bear flag with a pretty lengthy pole. Only way we do that is if we...
bitcoin on 4H timeframe trying to reach trend line(red line) and it is the 0.618 fibo and a good supply zone, so i think it will drop down to test 38K again and then if it lost 38K it will drop more but if get support , it will grow to 48K and 53K. its my own opponion and its not a financial advice.
After Instagram hacks (Bored Ape Instagram page) and after the trending growth, Now is the time for a correction. RSI divergence and rising wedge confirm it.
As we head into unprecedented territory, most are expecting dramatic moves over the coming months, but I'm going to take a bit of a different stance for this specific analysis. The FED has been pretty adamant about this "Soft Landing" as they announced their planned Rate Hikes and QT. Most believe the FED is either bluffing on their policy or we are 100%...