Bitcoin Weekly MACD Cross: Bullish Momentum BuildingBTCUSDT technical analysis update.
In the weekly Bitcoin chart above, we can see that the price has been consolidating after a strong bullish rally. The key point to note here is the potential MACD crossover, which could signify a shift in momentum.
The blue MACD line is approaching the red signal line from below, indicating that a bullish crossover might be imminent. This could suggest that the bearish phase is weakening and that Bitcoin is preparing for an upward move.
The histogram has been decreasing in negative territory, which typically points to diminishing bearish momentum. A shift to positive values could confirm a trend reversal.
The price is currently trading near key resistance levels, and if the MACD crossover happens, we could expect Bitcoin to break through these resistance zones, possibly leading to a significant upward move.
Wee should closely monitor the MACD for confirmation of the crossover on the weekly chart, as this signal has historically been a strong indicator for trend reversals in Bitcoin. If the crossover happens, it could lead to a sustained bullish move.
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Btcusdtanalysis
Bitcoin's local perspective 07.10.24Now, INDEX:BTCUSD has formed an ascending pattern AMEXP (yellow)👇
that describes a correction within the previous descending pattern AMEXP (red)👇
If now the price can break through the $64,076-$64,236 zone, we may see a continuation of growth with targets at $64,738 and $64,955, followed by a correction to the range around the $62,368 level.
After that, we will have to watch the reaction to this zone and the trend line in more detail, as there is a possibility to go to $66,000, and there is a possibility to renew the swing low and say hello to $57,834 - so the area around the $62,368 level will be an important place for decision making.
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Bitcoin's local perspective 30.09.24The nearest movement on BTC is now being described by the AMEXP model on the hourly timeframe, where we have two key target zones for the price: at least $62,027-$61,718 and if the impulse will be strong, it will be $59,893-$59,447.
After reaching these zones, we can expect a rebound to at least ~$64,000 and as a variant of scenario - an attempt to update the high, but frankly, it is too early to talk about it.
In the specified range of $62,027-$59,447 we will try to find a long with the aim to catch at least a rebound. Let's specify that the position will probably be a small size, as there are high risks of not stopping in the mentioned area.
$BTC is poised to reach $115,000 in the next 9 months! Read WHY!You're aiming for $200k and beyond, but let’s keep it simple and realistic. If BTC hits $115k, altcoins could surge by 20x or even 50x! You just need to play it smart.
Now, let’s break down this simple chart!
Liquidity acts like a magnet! When a big green candle prints, it’s likely that, after a few more candles, the price will move to capture the liquidity from that same candle. Bitcoin has been following this pattern for the past 7 months, inching forward slowly, bit by bit. This is exactly how the whales are accumulating!
The August monthly candle closed at $58,963, and the current candle is set to close in about 4 hours, likely above the August close, forming a beautiful hammer pattern. This is a strong bullish signal!
When you’re unsure about what’s coming or just making wild guesses, remember—this is simply TA based on Price Action. No fancy indicators, just the facts.
Speaking of indicators, the RSI is currently around 63.13, and in every bull run, it eventually climbs up to 92, entering the overbought zone.
So stay strong and stop crying over 10-20% dips in altcoins.
If you can’t handle these corrections, you don’t deserve the 10x gains either.
Keeping it simple, the next 6 months are going to be amazing. Now is the time to position yourself in solid Altcoins and BTC.
After every halving, there's typically a 5 to 6-month consolidation phase, which you can clearly observe on the charts. We’re following the same pattern right now! Things are heating up, but you might not notice if you're only focused on 15-minute candles. Zoom out, and everything will become much clearer for you to understand.
I hope you get some light from my charts, If you do please hit that like button and share this chart with your crypto friends.
Thank you
#PEACE
Bitcoin's Healthy Uptrend Faces Critical Test—Is It Time to Sell
Bitcoin's recent rally has followed a well-defined and healthy uptrend, with the trendline offering strong support. This suggests a sustainable bullish momentum. However, for this healthy trend to continue, Bitcoin will soon need to retest its trendline support.
Should the test confirm strength in the trendline, the next significant resistance level is projected to be near 68K. On the other hand, if the trendline is breached, we can expect a short-term downside move towards the 60K-59K range, which marks the previous high during the first trendline test, and it should be treated as a potential support zone.
Given this outlook, the prudent trading approach for Bitcoin at this stage is to adopt a sell strategy, anticipating a short-term correction.
how to prepare for the trade. Professional traininghow to prepare for the trade. Professional training
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
Bitcoin's local perspective 16.09.24The current local trend, which started last week, is described by the EXP ascending pattern (orange) and as long as its trend is not broken, there are all chances to continue moving towards $61,700 and $64,186.
At the same time, now we see the forming EXP pattern (turquoise), which is a corrective pattern to the previous one.
If the price goes under the zone formed by the fourth points of the models - the zone around $58,100, we may see a decline under the level of $55,494, where we will try to catch a long on #BTC on the rebound.
If the price is able to consolidate under the $55,494 level, the next target will be the levels of $53,472, $51,268 and $49,155.
BTCUSD Analysis elliot sell. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Bitcoin Analysis==>>Bearish Harmonic Patterns==>>Crab & SharkBitcoin moved as I expected in yesterday's post .
Bitcoin is currently moving in the Resistance zone($60,080-$59,400) , near the Resistance lines and the 50_SMA(Daily) .
It also seems that Bitcoin can potentially form the Bearish Crab Harmonic Pattern and Bearish Shark Harmonic Pattern .
After breaking the small Support zone , I expect Bitcoin to attack the Support zone($58,000-$56,600) again.
Note: We can expect more pumps if Bitcoin breaks the Resistance line (over $61,000).
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
btcusdt signal sell. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Possible Scenario for #BTC in the Coming Days! - 9/15/2024
Possible Scenario for #BTC in the Coming Days:
We are currently observing the conclusion of wave c of B, which is anticipated to reach $54,3xx level before any potential upward movement. Wave c has formed a Neutral Triangle pattern, and the final leg has just begun
#BTCUSD CRYPTOCAP:BTC
BTCUSD - BULLISH.Bitcoin looks interesting (well at least to me). It seems that it is ready to go in a bullish run. Waiting for opportunity to go bullish once price pullback to the 58,800 area. Immediate target is around 61,200 area and larger target is around 65,000.
Like and follow if you agree with this idea. Happy profit day!