Lets draw few parallel lines. Looks like cross of green supports shows start of the party and crossing red resistances means music isn't playing anymore. Could be coincidence. Looks like green support is coming. If we pierce it could be bullish. Unfortunately this time is different because of inversion. We will see.
Bitcoin's looking bearish short-term. Key supports to watch: 54,800 and the CME gap at 54,000. I expect a bullish reversal around 53,500-54,000. Resistance is strong at 58,000 and 59,000. My take: we'll see a dip before any upward movement.
Market Context: AVAX is still in a downtrend but has retraced over 60% from its previous high and is trading in a strong conviction zone. The price is setting higher lows and has reclaimed the 21-day EMA, signaling buyer strength. Trade Setup: Entry: Long spot position around $23. Take Profit: First target: $29 - $32 Second target: $40 - $44 Stop Loss: Daily...
Now 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. and also , the price can follow the butterfly pattern and go up. Maybe... ...
As Mentioned earlier, It took a pullback till $52500 and formed a small resistance around $58500. Breaking of $58500 resistance will lead it to $62k - GETTEX:64K Otherwise, It will again test $55k
Apple's product releases came out today. But it has nothing to do with this publication, just a coincidence. As you know, I've been analyzing fractals of other assets for a long time. I find the comparison between Apple and Bitcoin very interesting and similar. I'm inspired by this analysis as much as the previous ones And the end of this bitcoin market...
Last Friday, employment data was released, showing that the unemployment rate dropped from 4.3% to 4.2%. Although non-farm payrolls (NFP) increased, they still fell short of expectations. BTC initially rose upon the release of the data but quickly reversed course and turned negative. The U.S. stock market also opened lower, signaling that as the labor market...
TAO has been forming a bullish head & shoulders pattern over the last couple of months. The pattern is still not complete, so be patient for it to complete. If you're confident that this pattern will play out and the market will reverse, take a look at the higher risk trade I put on the right. Tighter stop, so higher potential profit!
This analysis is a follow-up on my previous ID post. As of this week, ID has successfully touched the bottom support and reversed from it. Too early to tell whether this is a long-term bottom, but at least the support held strong. If you were ever considering to buy ID, this is the time.
Hi folks today I'm prepared for you Bitcoin analytics. Some days ago price declined to the resistance level, which coincided with the resistance zone, and at once rebounded up to the trend line. After this, BTC turned around and made a strong impulse down, breaking 63900 with 53200 levels, but soon turned around again and rose higher than the 53200 level, making a...
🔍 Technical analysis: Ascending diamond pattern - According to the latest analysis presented , Bitcoin made a correction based on the predicted path to the second green box area of the $50,000 correction range. - In the recent modification, a double zigzag has been formed. The second zigzag is a flat correction. According to the formation of an ascending...
Support and Resistance Levels: One-Hour Support: The blue line around 57456 indicates a support level where the price might bounce back up. beware of stop hunt til 55550 One-Hour Resistance: The blue line around 56340 indicates a resistance level where the price might face selling pressure. Four-Hour Support: The purple line around 55550 indicates a stronger...
#kafeinvestor Sept 10, 2024 on #BTC BTC is forming an inverted head and shoulder pattern, with the trigger later at 61280 to confirm the UP TARGET to 80960.
Noticed something this morning that there is bullish divergence on the 1W BTC chart. This bullish divergence has happened a few times over the last few years and is followed by a bullish cross on TSI which has always resulted in significant upside. Possible we see some movement to the upside over the next few weeks?
Hello traders, I have entered the OKX:BTCUSDT.P with $120,000 from here. I will stay true to my goal and wait for it, please don't forget to support me with your likes. Thank you to those who liked and supported.
see and watch :) It seems that the price is forming a Head & Shoulders pattern, which is targeting the $0.9-$1 range...
Hello,Traders! BITCOIN was trading in a Falling channel but now we Are seeing a bullish breakout And after a potential pullback We will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello everyone, let's look at the 4H BTC to USDT chart, in this situation we can see how the price is moving in a downtrend channel, and currently we can see how the price has moved upwards from it. Let's start by setting goals for the near future, which include: T1 = $58674 T2 = $60394 T3 = $62412 T4 = $65143 Now let's move on to the stop-loss in case the...