BINANCE:BTCUSDT Bitcoin is currently trading at higher levels, and a price correction towards the $62,000 channel seems possible. This level acts as strong support, and if the price stabilizes within this range, there is potential for an upward move towards higher levels. After recent upward movements, Bitcoin has reached a higher price level, which might cause...
Bitcoin (BTCUSD) will close the month of August this week and the 1M candle not only rebounded aggressively on the 1W MA50 (red trend-line) but also held the Symmetrical Pivot Zone for the 6th straight month. This Zone is critical because during the previous Cycle in late 2021 it served as Resistance and since the recent March 2024 break-out, it has been acting...
The good news is still spreading with influx of funding. The Fear & Greed Index shows Strong Buy. The only matter now is, at which level to buy as Bitcoin is in Rising Wedge. Seek more info about the pros and cons of A Rising Wedge meaning on the internet.
Daily Chart Overview: $Bitcoin is currently facing strong resistance around the $65,000 level, as indicated by the formation of a Doji candle on the daily chart. This pattern often signals market indecision and suggests that the recent bullish momentum may be weakening. Technical Indicators: Relative Strength Index (RSI): 57.25 – While buying pressure has...
hello guys. as you can see btc made a Head and shoulders pattern and the neckline broke up! so we can expect the $65802 area touched! ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
#Bitcoin 1D chart; Many of you may not like reading. But I think it's worth reading if, like me, you are always looking for different perspectives on Bitcoin. A completely simple Bitcoin chart. The yellow vertical lines are from the Halving periods. The Blue vertical lines next to them indicate the 500 days before the Halving and the Green vertical lines...
Last weeks high: $64,969.66 Last weeks low: $57,798.14 Midpoint: $61,383.90 Another week has passed in the crypto world and another week of Bitcoin recovery. Now hovering around $64,000 zone after a battle around the range Midpoint which was also the 4H 200EMA, BTC has flipped bullish on all major MA's and is looking to target the '21 ATH which has historically...
Hi every body. We have more then 2K bears contracts on BTC now. Target for bears is 63040. transite level - 63900. Levels thanks to X-Lines script. Have a nice trading day ;)📉
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago entered to triangle, where at once made an impulse down from the resistance line to the support line, breaking the 64900 and 57900 levels. After this, the price turned around and repeated impulse up to the support level, which coincided with...
Bitcoin began to pump after Jerome Powell's speech and the possibility of interest rate cuts . ⚠️First of all, I must say that we must always keep up with the news and new events in the market, and all the analyses will never be correct; otherwise, there is no need for capital management, so we should always follow capital⚠️ Bitcoin seems to have managed...
Bitcoin is above EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel The current price range will be very important in terms of determining the future direction of Bitcoin In case of risk off in the US stock market or capital withdrawal from Bitcoin ETFs today, after the bottom of the ascending channel breaks, we can see a downward...
Hello, dear friends🫶 How are You doing here? Since February 24, 2024, Bitcoin has been stuck in a triangle pattern, moving only within its boundaries. This is a pattern of uncertainty that can easily mislead traders. The key to understanding the next direction lies in a potential breakout—though caution is advised, as false breakouts can occur. Currently, the...
Morning folks, So, the 1st target is done. In general we could start speaking about next target around 67K immediately, but, 64K is also daily 5/8 Fib resistance. So, naturally market shows the pullback in similar situations. That's why we look at 61K support area form possible next long entry with mentioned target...
ID has been trading inside a parallel channel for well over a year. The channel got confirmed after the price bounced from the lower support at the start of August. With a stop just below the August lows and a target at 2.50 we can construct a very strong trade with a high risk-reward. Naturally, this trade assumes that the bottom is in for now. Risky, but the...
It appears as though Bitcoin is trading in a descending channel, with a potential breakout happen in the near term. BTC has tested the downward sloping resistance of a descending channel pattern multiple times, each time BTC is creating a lower high & a lower low, which is inherently bearish. The williams alligator is also displaying a bullish cross & the bands...
This is an addition to the previous post. In which reasoning for the expected drop is outlined. Here, I've visualised the expected levels based on Wave C's anticipated move, scaled for BTCUSD. 25k here we come.
This week, the price performed very well according to the analysis we did last week. The two key levels have been taking a very positive effect for Bitcoin's next surge. As we can see in the chart, Bitcoin broke through our inefficiency zone with great strength, creating a volumetric bullish candle. This is a very positive pattern, as in the last two days, it has...
This is Sunday evening and it is time for a Bitcoin TA. I will go accross multiple timeframes starting from 1W down to the 2H. On the monthly timeframe, we can look back to 2020. As of 2021, we experienced this year a 7 months in a row uptrend until March, after which holders have been struggling since. However, this cycle looks different, because price has...