Bitcoin has been primarily choppy since our previous article. As a result, not much has changed in our stance, and we continue to pay close attention to the resistance at $28,000. A failure of the price to retake this level and hold above it will be bearish. Contrarily, a breakout above $28,000 will raise our suspicion. Besides that, there is one more thing we...
Hi Traders, Investors and Speculators of Charts📈📉 For the short term, I'm expecting BTC to trade range with occasional candle wicks above the resistance zone and wicks below the support zone. This will shakeout many swing traders, and I'm of the opinion that there are much better setups to trade right now other than BTC. There are many altcoins trading...
Hi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and weak price action on BTC indicates that sellers are dominating the short term, with a nasty Head and Shoulders pattern showing up in the 4h. Shorting Bitcoin can be tempting, especially when prices are actively moving. However, acting on impulse without a plan leads to...
Hello friends, I was unfortunately blocked yesterday =D so after some exasperation I am sharing this today. A trend line that traces the price's growth so far has its own strength and importance. It is currently around the 28400+ level. However, there is another way of looking at the matter. The parallel band that stretches around the 27400 level is also quite...
Hi Traders, Investors and Speculators of Charts📈📉 The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains. When BTC trades...
Through the RSI we can see that bitcoin is extremely oversold. Whenever this has happened in the past, it has followed a rise in price. I believe that the bottom can be between 20k and 10k (not lower) and this is an excellent time to accumulate.
Yesterday, important data on inflation in the United States was published: the CPI index was 3% in annual terms, this is the lowest value since the beginning of 2021. Thus, inflation is slowing down for the 12th month in a row, approaching the target of 2%. Markets greeted the news with a surge of volatility — perhaps the quotes win back the expectations that the...
Hi Traders, Investors and Speculators of Charts📈📉 About a week ago, we took a look into the Technical Indicators of BTC and at the time, I concluded that it is MOST DEFINITELY the start of another bullish cycle, as seen here: Something that I was particularly focusing on was the daily bullish cross on the technical indicator, and that has since happened. In...
Bitcoin has been holding up above $30,000 for multiple days. At the same time, the number of large holders began to increase again (slightly), suggesting that whales are waiting for better prices and not selling yet. Overall, that is quite positive, but there are still a few things to watch out for that can cause the rally to reverse quickly. As a result, we are...
Hi Traders, Investors and Speculators of Charts 📈📉 After a sudden breakthrough of the resistance zone at FWB:29K , BTC is looking ready for more upwards price action. The technical indicators in the daily timeframe are screaming bullish as we're about to witness the bullish cross that happens just before periods of parabolic upwards price action. IF the...
Many users on tradingview are impressed by unlimited amount of indicators available but the truth is that just finding and adding together random indicators is something that brings unpredictable results. Every good trader will tell you that after you learn the knowledge biggest time goes to practice and learning when certain indicator works and when it doesn't...
Hi Traders, Investors and Speculators of Charts 📈📉 After closely monitoring the market trends following our previous idea of shorting until the 25K support zone, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound initially, it was met with an equivalent level of selling pressure, resulting in the...
We should follow this gap for big orders. Take your risk, make some profit.
Hi Traders, Investors and Speculators of Charts📈📉 After closely monitoring the market trends following our previous idea of shorting until the FWB:25K mark, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound at the FWB:25K support zone, it was met with an equivalent level of selling pressure,...
Bitcoin facing the bullrun support/resistance flip while dollar is gearing up for a double bottom For both pairs there were similar pattern in the past what you can see below If dollar completes the target of the potential double bottom then you can probably see bitcoin making a move back to support for a potential double bottom aswell
Hi Traders, Investors and Speculators of Charts📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫 A quick analysis on Bitcoin. Over the weekend we may see some volatility as the bulls and the bears battle on the current support zone at ...
Bitcoin futures closed slightly below the $30,000 mark (at $29,910) last Friday. However, the price took a nosedive over the weekend as Binance temporarily halted Bitcoin withdrawals and transfers, citing an overwhelming number of pending transactions. On Monday, Bitcoin futures opened at $29,105 and continued lower toward the $28,300 price tag where they...
BINANCE:BTCUSDT Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. The goal of looking at a chart from a Macro time frame perspective is to identify the current market phase / cycle....