hello guys. Inverse Head and Shoulders Pattern: The chart highlights a clear Inverse Head and Shoulders formation, a well-known bullish reversal pattern. The left shoulder, head, and right shoulder are well-defined, signaling a potential trend reversal from the previous downtrend. Breakout Above the Neckline: The price has broken above the neckline, which...
As of this week the FED has announced that they will be slashing the FED funds rates by 50bps (0.50%). Contrary to popular belief, this is not necessarily bullish. Actually, the last three times that they did it was an indicator that a bear market was coming. As seen on the lower chart, once the FED cuts the rates, it has often signaled a stock market crash in...
Bitcoin follows the trned until it breaks trend is bullish next key resistance zone GETTEX:64K - FWB:65K Or wait for a structure change until that follow-up trend
There are a lot of diverse opinions about Bitcoin, right? The only issue is, I don't know how they are completely certain that they are right! Perhaps I am overly doubtful. ----- There was a bullish flag formation on the Bitcoin *weekly* chart. To finish the flag pattern, Bitcoin needs to end September with a monthly close between $68,000 and $70,000. This...
Hey everyone! Appreciate a like and follow if this analysis helps! Bitcoin has successfully broken out from a symmetrical triangle in the 4-hour timeframe. However, a retest of the broken resistance level is likely. Avoid impulsive buying (FOMO) and wait for a potential pullback. Anticipated Timeline: Sideways Movement: Expect Bitcoin to trade sideways for...
Hi everybody. If you want to directly invest in BTC its not a time. Market have more then 150K BTC to sell in near weeks. Bears target is X-Lines 1W level - 47800 and maybe 45000. So my opinion - falling. Have a nice trading day and short your bitcoins ;)
Classic flag pattern here in confluence with Fibonacci Levels As another confirmation of trend, we have a beautiful Cup&Handle happening too
BTC is forming a "W" pattern or a double bottom on the H4 timeframe. This is generally bullish structure and leads to a continuation impulse. The possible pullback scenarios are in red and green paths. These are areas to monitor to look for entries for longs to 1.618 1.786 area. Extensions are pulled from the previous Swing low and retracements are pulled from...
Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 61,195.24 1st Support: 59,371.23 1st Resistance: 64,371.87 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you...
Good Evening and I hope you are well. tl;dr Bitcoin - I said if bulls get above 61500, they are favored for 64000+. High of the day was 63848. Next target for them is 65000 and if bears fail there, we will see 67000/68000 again. Right now it’s still a triangle on the daily chart and bulls had 3 pushes up. Slightly favoring the bears if they come around tomorrow...
Here is another look at the BollingerBand Trend indicator with a greater reach in view. As seen in the graph with correlated indicator BTC reached a red zone at the time when the price was at its highest this year before falling and as the price fell the indicator began to rise once more. Being in a red, or under 0, with the BBTrend indicator right now and what...
looking at this chart we are trading in a channel or a bullflag like most of you call it. Targeting here new ath near 90 000 US dollars
Due to the halving, the miners make less money. This means the miners have to work twice as hard to make the same amount of money. Historically, a miner earns on transactional process. When that money is conceived into a usage case scenario the money as BTC is spendable, or capable of being saved for later. Right now and since April 19/20th 2024 the newest halving...
The FWB:65K area has been a rejection point twice already for BTC, so an opportunity for a scalp back down to the breakout area is possible. However I would trade with caution as we're into the window for the beginning of the bull run so wouldn't be surprised if price just runs. If this marks the beginning of the bull run I'd recommend all shorting option...
Hello, fellow traders! Today, I’m diving into Bitcoin’s recent price action following the Fed's rate cut decision. Bitcoin has been stuck in a range for some time, and the recent -50bps rate cut has triggered a positive market reaction. Let's break down what this could mean for Bitcoin's next move, with a focus on the developing Double Bottom pattern. ...
Why would bitcoin 3x plus within a year? Here is why: 1. Federal funds rate have started to drop as of yesterday. Bitcoin is considered a risk on asset. That means that if interest rates go down, investors sell their low ROI bonds to buy more risky assets to get higher returns, and Bitcoin flourishes in this environment 2. 6 month bull flag. Price is...
Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I'm publishing this in advance because I have a schedule. The content below is the explanation part necessary for understanding the chart. Therefore, you don't necessarily have to read it, but...
Key Developments: BTC has broken through the major resistance zone at $60K. Strong buyer demand is expected to continue, especially after the rate cuts decision. Altcoin Strength: While Bitcoin Dominance (BTC.D) is rolling over, altcoins are showing renewed strength, suggesting a broader market rally. Market Outlook: The breakout signals potential continued...