"Bitcoin is currently in a strong uptrend, consolidating within a descending broadening wedge. This pattern is consistent with BTC's historical behavior, where the cryptocurrency often consolidates after a strong rally. As seen in previous instances, a successful breakout from this consolidation phase typically leads to a robust bullish wave. Based on this chart...
🔍 BTC/USDT Analysis: 1-Hour Timeframe 📉 The BTC/USDT chart on a 1-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view. • BUY DATE: August 31, 2024, 8:00 PM - Green Line: This time indicates a...
Bitcoin moved towards the Support zone($58,520-$57,100) as I expected . Bitcoin is moving in the Support zone($58,520-$57,100) . According to Elliott's wave theory , Bitcoin seems to have completed another Zigzag corrective wave . I expect Bitcoin to start rising again from the Fibonacci levels to my targets . Note: If Bitcoin loses the Support...
CRYPTOCAP:ETH CRYPTOCAP:BTC 1W chart; On the chart we see two falling trend lines (red dash), one rising trend line (green dash). The price is in this range. It bounced 2 times from the OB resistance just above it. This place is weakened. It can also be interpreted that if it weakens enough, it may go up to the OB area above. It touched the lower green trend...
SOL has been trading inside this triangle pattern since practically forever. I'm not calling for a bearish move here, I'm only sharing my view from where I will enter if we continue to go down. The bottom support has been holding on 4 seperate ocassions, my assumption is that it requires a lot of power to fall through, since bulls will be buying from...
🔍 BTC/USDT Analysis: 4-Hour Timeframe 📉 The BTC/USDT chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. These signals should be analyzed in conjunction with higher timeframes for a comprehensive market view. • August 31, 2024, 21:00, September 7, 2024, 17:00 - Red Lines: These times mark...
As I expected yesterday , Bitcoin went towards filling the CME Gap($61,855-$60,485) , although the structure of the trend was slightly different . Bitcoin is currently moving near the Resistane zone($62,920-$61,460) , Resistance line , Daily Resistance(2) and 50_SMA(Daily) . Also, the 🦀 Bearish Deep Crab Harmonic Pattern 🦀 can be formed near the ...
ETH has been trading inside this channel for over two years now. After the recent touch of the support, the support has solidified itself even further. Note that the support is a more clear-cut line, while the resistance is more an area. Another touch of the bottom support would potentially be great news for the bulls, hence the signal on the chart. Seeing that...
End of the month could come with BLOODY MARKET. This includes crypto market as well. The following is one of a few scenarios of quick movement which may take into consideration. But risky.
🔍 BTC/USDT Analysis: Weekly Timeframe 📉 The BTC/USDT chart on a weekly timeframe highlights significant upcoming dates where price movements may present trading opportunities. These should be analyzed in conjunction with higher timeframes for a comprehensive market view. • September 2, 2024 - Green Line: This date marks a potential local low, providing...
Bitcoin was accompanied by increases and decreases ( high momentum ) in the past days. Currently, Bitcoin has reacted well to the Support zone($63,630-$63,200) . I expect Bitcoin to rise from the Potential Reversal Zone(PRZ) and fill the upper CME Gap($61,445-$60,485) . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop...
Bitcoin will hit the FVG area before further dipping down, a great place to short BTC in the FVG area.
In this analysis I want to take a look at the bullish channel that BTC has been trading in for around 3 weeks. The bottom support and top resistance are perfectly matchin price action, so my guess is that a lot of traders are looking at this set-up. I anticipate that BTC will reverse from this point. Unless the stock markets break down, the chart is clearly...
We are observing a BTC dominance move that will indicate the anticipated altcoin rallies in the next 3-4 months. This move could signal a significant rally in the altcoin market and pave the way for substantial gains in altcoins. A drop in dominance can be seen as a positive signal for altcoins.
Bitcoin is currently moving near the Support zone($63,630-$63,200) , Support lines and 200_SMA(Daily) . According to the Elliott wave theory , Bitcoin seems to have completed the correction structure of the Double Three Correction(WXY) . One sign of Bitcoin's increase is the Hammer Candlestick Pattern with a long shadow, which adds to its...
People are still in denial. 5$ will be the cherry on top.
While technicals and all that stuff speaks for a further down move, I have to trust my fundamental idea of rate cuts and the missing retail pump as well as the fear & greed index which turned bearish back again.
Michael Saylor has taken the all in method in accumulating Bitcoin and allowing large institutions to front run the cheap credit cards using senior convertible debt bonds. He bypassed the SEC regulations and jumped in front of BlackRock. Now Blackrock late to the party is slowly allocating global pension funds to the IBIT fund while the recessions fear...