Short-Term View (Bullish Bias): BTC is trading above a key support zone near 57,500, marked by the green zones and general upward movement, suggesting some accumulation and momentum in favor of buyers. If the price continues to hold above the 57,000 level, we could see BTC retesting and possibly breaking the previous high at 58,121 (shown in the top right). As...
Multiple support found on the bottom zone. Trendline on the verge of breaking up RR = 1:2.5 Key momentum shift identified on the RSI after bottom out in June.
Market Context: SUPER has broken through resistance, now acting as support. As long as the price stays above this level, it presents a bullish scenario. Trade Setup: Entry: Ladder into a long spot trade once the price retraces into the $0.70 - $0.785 area of support. Take Profit: First target: $1.0320 - $1.150 Second target: $1.40 - $1.50 Stop Loss: Just below...
Zcash is a chart I like the look of quite a lot on the 1D timeframe. ZEC has outperformed the majority of the altcoin market since it flipped the 1D 200EMA downtrend into an uptrend. The 1D 200EMA has been I a downtrend for 2.5 years since the very beginning of 2022! Since then ZEC has bounded off the moving average once with a large wick and now it has just...
As the Fed prepares for the first rate cut next week since it begun the cycle of hikes in February 2022, it would be very eye-opening to observe the global monetary supply and what more money in circulation could mean for Bitcoin (BTCUSD). The light green and red candles (top) illustrate the Global Liquidity Index (GLI) comprising of the FED, TGA, RRP, ECB, PBC,...
Bitcoin is currently moving in the Resistance zone($55,720-$54,550) . According to the Elliott wave theory , Bitcoin seems to have completed main wave 4 with the Double Three Correction(WXY) . Also, in terms of Classic Technical Analysi s, Bitcoin is moving in a Symmetrical Triangle on the 15-minute time frame. The symmetrical triangle is the ...
Hello everyone! Bitcoin is currently displaying the '3 Market Phases,' and we’re transitioning from Contraction into Expansion. As long as the price holds above the lower boundary of the horizontal channel, I believe there’s a strong likelihood of continued upward momentum. Key points: Break below the channel: A breakdown could signal the beginning of...
BTC trades around $56.5k, potentially retesting 50MA or $56.6k as support. Failing to reclaim $58k could be a signal of weakness with $50k being the bearish target if GETTEX:54K is lost..
Overview: Over the last two trading days, the VANTAGE:SP500 and NASDAQ:QQQ posted green candles, pulling us back from the bearish abyss we ended up in last week. However, neither has yet surpassed Friday’s opening price. Many speculate that the U.S. election outcomes could positively affect crypto prices, though we believe that any correlation is weak beyond...
CRYPTOCAP:BTC #BTC $56,557 support regained and again testing it! Failed to follow thru on bullish engulfing on 4H, bearish engulfing forming on 1D, RSI on 1D and 4H also suggesting a dip shortly, $54,363 remains support in effect here which could be testing if bearish engulfing on 1D played out. $58,882 support needed to reattempt at $61,953.
#BTC #Bitcoin #Update #Setup 15 #Eddy I don't know the main reason why I changed my mind from a sharp market fall, but at least I know that I used to take Bitcoin from the $25,000 range to very large targets, but it makes sense to introduce this setup to you. On the monthly time frame Bitcoin has closed above the previous ceiling with the body of the candle and...
Bitcoin main direction is moving to 84K Bitcoin is in correction mode keep S.L and trade safe
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! I'm bullish on CRYPTOCAP:BTC on the 1-hour chart as long as price action continues to print higher lows and higher highs. The current Elliott wave structure still looks intact. A breakdown below 56122 would lean toward the...
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- Although it is a short rise, the StochRSI indicator is already showing signs of entering the overbought zone. Accordingly, the key is whether it can maintain the price above the MS-Signal...
Bitcoin has been putting is some near term lower highs and lower lows. The daily chart trend is starting to breakdown and show signs of distribution. The weekly chart trend is still ok but even if we had a flush to 40k the Weekly chart would still display higher lows. The point of this higher low excercise is to define trend and know that trends can often...
Investor focus is about to turn to the televised presidential debate between Donald Trump and Kamala Harris. With the race currently so tight, even a small post-debate shift in voter sentiment could impact key markets. Budget forecasters are grappling with constant changes, and Tuesday's Harris-Trump debate could introduce new ideas. What we currently know:...
Bitcoin is neutral both on its 1D technical outlook (RSI = 48.160, MACD = -1368.400, ADX = 31.563) and 1W (RSI = 48.050, MACD = 1334.200, ADX = 25.395). This strong neutrality right after the price hit and held the 1W MA50 for the second time in 30 days, technically suggests the forming of a bottom. This time the bottom was after a 0.618 Fibonacci pullback, deeper...
the price is draining energy under fail value zone, Last night Daily candle closed as a low momentum green candle, it means the price is getting required to have a correction to low levels