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Daily Charts

30.6K seems vital for short-termMorning folks, So, spike up has happened as we've discussed last week, and formally, daily bullish dynamic pressure is done. But hardly it makes bulls happy. W&R suggests stop hunting action, and in general the bearish short-term signal. Of course, it doesn't mean the major reversal etc., but it could trigger deeper downside reaction. Besides, on 4H chart our butterfly 1.27 target is done and now BTC already shows 3/8 retracement reaction. Here we suggest to keep an eye on 36.6K Agreement support area by two reasons. First is, it is a good support, that could be used for long entry and very tight stop placement. Second is, it is good validity indicator. Normal bullish market should not break it down. If it happens, it would be better to wait with any long entry, as chances for stronger downside action will increase significantly.
COINBASE:BTCUSD
by Sive-Morten
BTC keeps bullish contextMorning everybody, On daily chart we have two bullish signs. First is, market is forming bullish dynamic pressure - MACD trend is bearish but price action is not and forming higher lows. Second, as we've mentioned last time we have DRPO "Sell" failure, suggesting some way of upward action. Besides, we suggest that recent Binance punishment will support BTC price, especially at the eve of ETF approvement. People start withdraw coins out from exchanges to wallets, cutting free flow. Shortly speaking, we do not consider any shorts by far, suggesting that some way of upside action could happen. We keep the same 36K lows as invalidation area for this short-term scenario.
COINBASE:BTCUSD
by Sive-Morten
37.75-38K is vital for long termMorning folks, BTC shows some tiredness from constant anticipation of ETF approvement. Any news do not trigger the same action as before. Still, market keeps bullish context and we do not consider any short positions yet. At the same time, we think that 37.75-38K area will be vital for BTC next step. Breaking of 38K opens road to 42K target, while failure to break it could trigger more extended downside action. That's why, if you plan to take long position - take this in consideration. Either tight stops when market comes to 38K or use stop buy order above 38K or just wait what will happen. 38K is yearly pivot resistance 1. This is the edge between existing bearish long-term trend and potential new bullish long-term trend. If price remains under YPR1, it means that upside action is just a retracement within long-term downside tendency.
COINBASE:BTCUSD
by Sive-Morten
36K is a vital levelMorning folks, So, the pullback, based on 3-Drive is done. Long-term upside target is 42K. But, now market stands on tricky background. It has to keep going higher to new top to confirm bullish context. Until it stands around the top - maybe nominal, but chances exist for downside deeper retracement. That's why, if you plan to go long - don't place too far stops and watch for 36K support area. Normal bullish market has to stay above it. If it breaks it - something is wrong with bullish context and deeper retracement is coming.
COINBASE:BTCUSD
by Sive-Morten
SasanSeifi 💁‍♂ FIL/USDT DAILY ⏩ $4.30 / $4.50 In the daily time frame, as you can see, the price has experienced growth, moving from the demand zone and breaking through the $3.50 resistance, reaching the price range of $4. Currently, it seems like the price is in the process of completing a pullback. What we can expect is that, after gathering liquidity and with a confirmed confirmation, the price may grow from the liquidity void area back to the $4 price range, as indicated in the image above. The significant support levels in the daily time frame are $3.50 and $3. 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
Long
by SasanSeifi
SasanSeifi 💁‍♂ Analyzing Price Trends and Growth PotentialHey there! In the daily time frame, as you can see, the price has been fluctuating within the range of 0.10 after breaking out of the downtrend and rebounding to the 0.11 level with some partial positive fluctuations. Currently, it's trading in the price range of 0.1240. There is a possibility of growth towards the liquidity range. Currently, the expectation we can have is that if the demand range of 0.11 is maintained, we may see further growth towards the target of 0.1350. To better understand the continuation of this trend, we need to observe how the price will react. If it can penetrate above the 0.1350 range and maintain that position, further growth in the medium term can be considered towards the supply range of the price levels 0.1550 and 0.1700. 📈🚀 🟢 Keep in mind that these are just scenarios, and it's important to conduct your own analysis and consider other factors before making any trading decisions 😊📈📉 ❌ (DYOR) ⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you! 🔹If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊 🙌
Long
by SasanSeifi