H1 - Bearish trend pattern Currently it looks like a pullback is happening. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Base on wave analysis we see these scenario for bitcoin for the next move 1- its a running flat correction and start to go up from 59K. 2- its a regular flat and will start to correct to 54-55 and then go up from there.
Price action and it's similarity with Livermore speculative chart predicts 1 million for BTC. this idea it's not an financial advice. Thanks
BTCUSD has quickly reversed from the 65,000 resistance area, which was tested on Monday this week. This move lower is not due to any major news but likely due to technical levels and its correlation with the DXY. A recovery in strength on the DXY traditionally leads to downward pressure on risk assets like cryptocurrencies. Today, the reversal broke through...
BTC/USDT is currently trading at $59,599, up by 0.31%. The price is showing some resilience after dipping close to the $58,000 support zone. The Bollinger Bands indicate that BTC is attempting to push higher, with immediate resistance around $60,383. If BTC breaks above this level, it may target the upper trendline at nearly $70,000. However, if bearish pressure...
Looking at the level BTC stands, it would be best to seat tight and see what September could have installed for everyone. As we could see the Fibonacci guide lines are in place. We have not come to the Fear moment yet.
Bitcoin is now giving an entry. You can it with a proper RR & position sizing at current price. This is your long setup for bitcoin
BTC-USDT Interval 12h. As we can see, a strong resistance zone rejected the increase in the BTC price and we can again observe a downward movement which, after crossing the bottom of the local upward trend line, may reach the levels included in the designated green zone, potential purchases for a new increase.
Hello,Traders! BITCOIN went down and Is now retesting a horizontal Support level of 61,600$ From where we will be Expecting a local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Stock Surge Leaving Bitcoin Behind? The longstanding correlation between the Nasdaq and Bitcoin took a hit today as the two markets diverged, signaling potential shifts in investor sentiment. This breakdown could be a precursor to broader market volatility, particularly as Nvidia prepares to release its much-anticipated earnings report tomorrow. Nvidia...
Good Evening and I hope you are well. tl;dr Bitcoin - Lower bull wedge line hit like written yesterday. I favor the bulls to trade back up to 64000. If bears break below 60000, bulls could give up and we could go back to 58000 or lower. comment : Interesting place right now at 62000. The bull wedge is alive for now but bulls need to buy here at the daily ema...
BINANCE:ETHUSD ETH is consolidating in front of strong resistance. Bulls do not let the price down beyond 0.5 fibo. amid Friday's news, the cryptocurrency market is reviving and ETH has high chances to pass through 2800. A false breakout of the resistance of the range is formed, but instead of falling, the coin is consolidating, which is generally one of...
Hold on to your horses - in today's analysis we're going to do a really deep dive on Bitcoin, the altcoin market (TOTAL 3) and Bitcoin Dominance (BTC.D) Make sure you watch all the way until the end to reach the final conclusion! In this video, I systematically point out two main reasons why the corrective phase isn't over, as well as what could possible happen...
Hey everyone! Appreciate a like and follow if this analysis helps! Bitcoin is currently trading near the $61.6k level. Following a breakout from an ascending triangle, it's now retesting the triangle's resistance. The 200MA acts as additional support. A bounce from this retest is anticipated. However, a failure to hold the retest level and a subsequent close...
Market Context: PENDLE is forming a descending wedge, presenting a strong opportunity to dollar-cost average (DCA) into a spot long position. The setup focuses on key resistance and support levels. Trade Setup: Entry: Long trade around $2.50 to $3.00. Take Profit: First target: $3.80 Second target: $4.60 Third target: $5.50 Stop Loss: Close below $2.40. 📊 This...
Market Context: $AIOZ is currently seeking support above $0.40, with expectations of one more retest at this level, as BTC potentially retests the $61k mark. This offers a favorable risk-reward opportunity. Trade Setup: Entry: Long trade around $0.40 at the support zone. Take Profit: First target: $0.61 Second target: $0.84 Stop Loss: Daily close below $0.33. 📊...
🔍 BTC/USDT Analysis: 1-Hour Timeframe 📉 The BTC/USDT chart on a 1-hour timeframe reveals significant upcoming dates where price movements may present trading opportunities. As always, it’s crucial to analyze these signals in conjunction with higher timeframes for a more comprehensive understanding of the market. • August 31, 2024, 16:00 - Red Line: This time...
Yesterday, Bitcoin Dominance (BTCD) tested the 50% Fibonacci resistance level at 2,848, resulting in a significant daily bounce off this key level. Today, BTCD is attempting to break higher. However, if the daily close remains below this resistance, we anticipate a sharp decline. In this scenario, Bitcoin Dominance could experience a substantial pullback,...