Yello, Paradisers! Did you catch #BTCUSDT's bounce from that double bottom support? If not, you might be missing out on the start of a major trend reversal! Here’s what you need to know right now before it's too late. 💎#Bitcoin has bounced back from the double bottom support band, forming a strong bottoming structure that often signals the beginning of a trend...
Technical analysis and trading plan for Bitcoin (BTC/USDT) by Blaž Fabjan Bullish Pennant Formation: The chart shows a bullish pennant pattern, which typically indicates a continuation of the prior upward trend. This suggests that once the consolidation within the pennant breaks to the upside, there could be a further rally. Support and Resistance...
Ihave arbitrarily placed the measured move line for the bullflag breakout in the month of October but there’s always a chance it stays in the flag longer than that, in which case the measured move line would get moved over to the right and slightly lower each time it does. If it breaks up by october and validates that breakout the measured move target will be...
This strategy combines the Relative Strength Index (RSI), Exponential Moving Average (EMA), and Volume Weighted Moving Average (VWMA) to create buy and sell signals, along with a profit target, for cryptocurrency trading. It is specifically designed for use with Cryptohopper through webhook alerts. How It Works: Buy Signal: A buy signal is triggered when the RSI...
Overview: The AMEX:SPY closed higher last week, but Thursday’s candlestick pattern resembles a bearish abandoned baby. What’s more concerning is the weekly chart showing a bearish MACD divergence—while the price keeps hitting all-time highs, both the MACD and signal lines are trending lower. Has this divergence played out already, as seen in the first week of...
Last weeks high: $64,141.61 Last weeks low: $57,492.86 Midpoint: $60,817.24 Pattern continuation for Bitcoin from the week that came before last, steady and constant move up +11.55% from week low to high. The FOMC was the big talking point of the week, would the FED cut 25bps or 50bps, the answer was 50bps with a view to stay ahead of the curve. Making the rate...
BTC is now tapping on old resistance that now is know as a support, sellers pressures are so soft and i think candles are showing oversold shows taht signals us a bullish move is on the way
Elliott wave analysis, as a method and tool, advocates a bullish outlook as it is difficult to find a substantial bearish alternative within the 73777-49000 range. The Triple Three correction exhibits near-ideal ratios and alternation of wave patterns within. The Triangle in Wave can be considered either complete (minimum conditions are met) or incomplete as...
Technical analysis Bitcoin (BTC/USDT) on daily chart by Blaž Fabjan Price Range: The chart shows a long-term descending channel with resistance at the upper trendline and support at the lower trendline. The price is oscillating between these two levels. Current Price: $63,532.74 as of the timestamp on the chart. Support and Resistance: Resistance is marked...
Good Day and I hope you are well. bitcoin Quote from last week: comment: Doing the weekly chart this week. Clear contraction visible and there is no magic to see here. I won’t make up stuff where there is none. Market is clearly confused where it wants to go and no side has an advantage. The triangle will break out soon again and I can only see btc falling...
Potential Trade Setup on BTCUSD Check this potential trade setup on BTCUSD Bitcoin just broke above the bullish triangle pattern at the top, and this could lead to a more bullish move. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
ICMARKETS:USDCHF when BINANCE:BTCUSD falls down USDCHF goes up and vice versa, we can expect btc to dip in the short moment today as it is monday and there is always a high probability that btc takes a dip on monday, do refer to my previous posts on btc analysis as well. Anyhow, a good time to enter USDCHF.
Should this play out, it could see a significant run up against Bitcoin. Presently the lowest wick on this 3rd bottom hit directly in the center of the previous two. It may continue lower beforehand, or it may already be done bottoming.
BTC: Retracement is possible and it is part of the cycle after it moved to top. Remember the 0.618 level is where it is affecting the movement.
If bitcoin follows the long trendline and rejects at the top it will make ath for this cycle 120k
hello guys. sorry for the last analysis. it is the right one! Technical Analysis: The chart shows that Bitcoin is facing a significant rejection near the QML (Quasimodo Line), indicating a strong supply zone. Price has failed to break through the supply zone, resulting in a potential double-top pattern, a bearish signal. There is a strong support level...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price traded inside the range, where it at once rebounded from the buyer zone to the bottom part. After this, it turned around and rose back, and some time traded between 58000 level. Soon, the price broke this level, thereby exiting from the range and later...
Hello,Traders! BITCOIN went up sharply Just as I predicted but the Coin has reached a horizontal Resistance level of 65,000$ From where we will be expecting A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!