Bitcoin's larger structure is bearish, and we also recently had an mCH on the chart. Bitcoin is now trading below a downtrend line. It is expected to sweep sell orders after reaching the supply range and then drop downwards. Closing a 4-hour candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and...
Looking at the log regression, it dawned on me that every time that BTC has come down to the bottom of the red channel, it usually didn't have the juice to pop back up. I think 33k might be in play, top of the blue channel. Alternatively, bouncing off here can save the bullrun. But in this global climate? I'm not so sure. Holding steady, but cash ready.
- ENTRY: HTF Support + 0.62 Fib @ $130.04 - EXIT/TP1: FVG + RANGE MIDPOINT + 0.705 Fib @ $150 TP2 Even Highs @ $162.46 - SL: Just under the 0.79 Fib @ $119.83 SL --> BE @ $141.39 S/R level
BTC volatility decreased after BTC gave back the gains from the Jackhole meeting. Currently, the number of stablecoins in the market continues to grow, getting closer to ATH, but there are few market hot spots except memes. After the staking storm passed, we saw the meme rise again. Whether it is Pump.fun on Solana earlier or Sun.pump that appeared on Tron...
Overview: Labor Day is over, and yesterday the bulls came out strong, pushing COINBASE:BTCUSD back into its trading range, above the $58.4k level. But whose bulls were they—American or Asian? Volume data from Coinbase shows 4.3k for the BTC/USD pair, compared to 10.7k, 8.5k, and 12.1k over the last three Mondays. These numbers are much higher than those for the...
In previous ETH analyses I talked about this huge 8 year wedge pattern on the ETH chart. Where my initial takes were bullish, we've seen a bearish break out as of last week. From a neutral point of view, this is 100% bad news. ETH will likely fall more and move towards the 1000$-1500$ area (yellow). Might be a hot take, but most alts have been performing...
BTC CYCLE CHART 2010-2024 >50w Moving Average (50ma Mayer multiple bands) >Global Liqudity Indec (Candle) >Mayer Multiple(150) Candles >US Interest Rate >Halving Zones Thats the all you need to understand Bitcoin Cycles #Bitcoin
CRYPTOCAP:BTC #BTC Last 4h closed with bearish pin bar, testing $58,882 support with potential of follow thru to previous bearish close on current 4H, on the other hand 1D closed with bullish engulfing but considering current volume and everything seems tough for it to follow up, $58,290 next support area and key support at $56,557.
As you have noticed, most altcoins have fallen to the bottom; if you can buy now - yes, buy now. Altcoins may still fall 20-30%, but that's nothing compared to the results they will show. I have shown with a red box the zone of complete capitulation and liquidation of all market participants who overestimated risks. After that, we'll go up. Sellers failed to...
🔍 Technical analysis: Pullback to broken structure - It has been moving in an ascending channel in the 4H time frame. - Currently out of the ascending channel. Considering that a corrective form has been formed, any reversal can be faced with selling pressure up to the neckline and supply range. - Therefore, after the demand in the middle of the short-term...
A lot of traders have been stopped out buy the liquidity grab, now price has the inducement to to go to the upside. The size of the liquidity grab is the accumulation of over six months. Traders who have been trading in the small and big timeframes between 1st of march to 1st of September have been loosing money. There is no reason for bitcoin to go to $39k.
Bitcoin ( CRYPTOCAP:BTC ) is facing a challenging period as investors increasingly position themselves for a potential downturn. The recent outflows of $319 million from Bitcoin funds, including those managed by prominent players like Fidelity and ARK Invest, reflect a growing sentiment among market participants who expect the digital asset’s price to decline in...
Hi guys, hope to enjoy ur time. At first I should say BTC will never touch again 73k resistance. First of all bitcoin is going to fall till 57k support then start a trend. (1):BTC will start a strong bull trend ( u can have some oscillation but remember the major trend id bearish ) and bull trend will stop when the price touch 64k resistance. (2):when the...
The chart shows a clear descending wedge pattern, which is generally considered a bullish reversal pattern. This suggests the potential for an upward breakout once the pattern completes. The highlighted brown box indicates a critical support zone around the $42,500 to $52,000 range. A potential scenario shown by the green path suggests that the price may dip...
After two days of fluctuating, Bitcoin has finally closed above its weekly channel, and global markets have reopened. Currently, BTC is positioned on the significant weekly support at $57,000, where we are awaiting a suitable reaction that could drive the price back up. On the higher timeframes, we are observing the formation of a potential ascending triangle...
*Technical Analysis:* BCCOIN has been in a downtrend since August 14th, when it reached $3.5, nearly 300% higher than our previous post. Now, it seems poised for another upward wave! • *Entry:* $1 to $1.16 • *Targets:* $1.5, $1.88, $2.25, $2.85, $3.43 • *Stop Loss:* $0.83 *DYOR, NFA* Note: This is not financial advice. Stay tuned for further...
Overview: A significant sell-off occurred at 10 AM on Sunday in New York, which was 9 PM in Shanghai. The Asian bears have made their presence felt. Will American bulls step in to buy this dip, or have they had enough? Between 4-5 AM NYC time, the COINBASE:BTCUSD price was pushed back up to the $58.4k weekly level, but it has now clearly become a resistance...
Last weeks high: $64,481.00 Last weeks low: $57,205.43 Midpoint: $60,843.22 As September begins BTC finds itself at the $58,000 mark after selling off for the entire week last week. A historically bad Month for the crypto market is being paired with the first FED rate cut since March 2022. Conflicting elements with one bearish and one potentially bullish, it...