Short-Term Trades: Look for buying opportunities around the support level (56,940.8) but be cautious of the overall bearish trend. Long-Term Perspective: Given the downward trendline, it might be wise to wait for a clear breakout above the resistance level (59,134.5) before considering long-term position
Overall, a Short update of the analysis implies a cautiously optimistic outlook with a focus on the $52,408 support level as a crucial point. If Bitcoin can maintain above this level, a bounce towards higher levels within the descending channel is anticipated, with a potential test of the upper resistance line around $70,000. However, if this support fails,...
Analysis for BTC.D (Bitcoin Dominance): Weekly Timeframe 📊 The chart highlights the market cap dominance of Bitcoin (BTC.D) on a weekly timeframe. Several important points are marked, including projected levels for Bitcoin dominance and significant forecast dates: 🟢 October 7, 2024 - Buy Date (Green Line): This marks a local bottom, suggesting a potential...
🟢 The green line indicates that “by this time/date,” the asset is likely to decrease (downward movement). This means it’s an optimal time to accumulate long positions (futures/spot depending on your deposit and risk management). Remember, we do this in parts since you don’t have additional indicators or experience to rely on. 🟥 The red line indicates that at...
Looking at Bitcoin futures and how real-money accounts are positioned, a larger move higher could be brewing. But first, a nice setup could also be forming on the daily chart for a cheeky swing higher, if nothing else.
Hello everyone, let's look at the 4H BTC to USDT chart, in this situation we can see the price keeps below the downtrend line. Let's start by setting goals for the near future, which include: Target 1 59354 $ Target 2 61918 $ Target 3 65572 $ Target 4 70217 $ Now let's move on to the stop-loss in case the market continues to decline: Stop loss= 56,828...
On 12 September Mercury reaches the same place in the sky where He turned retrograde and caused the initial drop to 49K for bitcoin. As I mention in my BITCOIN BTC 2024 PREDICTIONS book, on 12 September bitcoin starts climbing, due to the kendra positions of Moon and Mars; and of Sun and Jupiter respectively in the sky. I See the most likely scenario being...
1. Market Structure: - MSS (Market Structure Shift): The chart indicates a shift in market structure (MSS) at the marked point. This typically indicates a potential change in the market's direction, possibly from bearish to bullish or vice versa. 2. Liquidity Zones: - Liquidity: There is a horizontal line labeled "Liquidity" at a higher price level. This...
i have no idea this going to zero or millions! like to test my chance.
Logarithm. Completion time 1 week. Instead of updating an old idea regarding the Nasdaq Index and BTS on pump cup formation published on 06/17/2023, I decided to implement the idea on a live chart. Comparative analysis. Fractal. Lag. Bitcoin and Nasdaq 17 06 2023 I have applied the cup percentages as well as the cup with handle if formation occurs (high...
Logarithm. The time interval is 3 days. This idea is a continuation of the previous one, published more than half a year ago Local trend BTC/USD 19 11 2023 An ascending triangle (conditionally bullish) is forming. The percentages of its realization and key support/resistance levels are shown. Similarly, key reversal levels are highlighted in yellow and...
Hi folks today I'm prepared for you Bitcoin analytics. Not long ago, the price made impulse up to the resistance level, which coincided with the resistance zone, thereby breaking the 56700 support level. After this, the price some time tried near this level and later dropped to the 56700 level, after which it turned around and started to move up. In a short time,...
1. follow me 2. boost this idea 3. say the name of altcoin
look at chart we are in a broad bear channel , and we had a perfect test (BO point) and every time we fall below a low we pulls back ... so what do you think? this is third push down so its wedge bottom its all ready to going to moon........ now its best time to buy
Overview: As we wrote on Sept 1st: "Tuesday brings a wave of bears." It's been a strong start to the week for bears. The VANTAGE:SP500 is down 2.12%, pushing aside hopes for new all-time highs and forming a pattern resembling a double top. The riskier NASDAQ:QQQ dropped even more, correcting 3.04%, further confirming bearish sentiment. Both of these...
Bitcoin is in a range - wait for SL hunt and take a trade At this moment price is inside range enviermat only traps and SL hunts is possible to take a trade here
BTCUSDT has reache to 15m demand zone. so we long it. entry:57710 tp:59135 sl:57355 r/r:4.01 leverage:10X
Liquidations have cascaded after a strong sell off happened into Asia open. The drop has intensified probably because of Nvidia NASDAQ:NVDA , posted the biggest single-day loss of market cap by any stock in history today. Open Interest ramped up noticeably as perps are trying to lift the market on ByBi t and Bitfinex after the strong selling led by ...