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Daily Charts

The macd on the btcusd daily.Correction in progress, macd reporting a new cycle but we knew this well. Now the thing to do is to wait and understand how long this correction will last, because there are still many buyers. The indicator here is drawing a high and agrees with the price, a signal that the bullish trend is very strong, this is in addition to the other bullish signals we have on btc, including the sequence of highs and lows on intermediate period and time, because by drawing the maximum at 73k usd, the price canceled the previous short-term correction made between December and January. I remind you that it is not enough to have a sequence of ascending highs and lows, but it is also necessary for the price to remain upwards for longer than downwards.
BITSTAMP:BTCUSD
by Melupira89
Low chances for good entry piontMorning folks, So, BTC keeps it unstoppable rally, and is strongly overbought on weekly chart. But for now market totally ignores this. Yes, upward action is slowing, we have small tactical bearish grabbers on 4H chart, but it gives low chances on moderate retracement. BTC successfully holds above previous ATH, showing no significant retracement and no doubts - this is bullish sign. Besides it has no strong resistance levels above, right up to our 85-88K target. That's being said - common technical rules recommend to not buy and way for the pullback. But would you wait or not - you need to decide by yourself. Here we just acknowledge that we do not have attractive entry point. Only, if by some reason, market will show pullback to 65K or at least to 68K, it might be interesting. The same is for bearish positions - no reasons by far.
COINBASE:BTCUSD
by Sive-Morten
5
Better to wait a bitMorning folks, So, on Monday we've sent relatively modest target - around 65.5K, it was completed. Now BTC stands at weekly overbought and strong upside continuation is hardly possible immediately. Still, intraday scenarios are also not perfect. At first glance, on 4H chart, with the grabbers aboard, we could count on tactic downside deep. But, on 1H chart (not shown here), price performance is not quite bearish. If we consider bullish position instead, we could take it only when grabbers will be erased, but this put entry level too close to the previous top that is upside target for now, because BTC is at overbought. Thus, both scenarios are not perfect and care higher risk than usual. That's why our conclusion is to wait...
COINBASE:BTCUSD
by Sive-Morten
Solana’s breaking above an invh&s that’s also a right shoulder Priceaction is currently above the neckline of this daily chart inverse head and shoulder pattern on solusd with one daily candle close above the neckline so far. Should it trigger the breakout the measured move target is $135 which would put price action above the neckline of a much bigger weekly chart inverse head and shoulder pattern’s neckline. The measured move breakout target for that larger invh&s. Pattern would be around $242. Last October we saw the Dow Jones Industrial chart also start to break above a big inverse head and shoulders pattern that also had a right shoulder which was it’s own smaller inverse head and shoulders pattern just as we are seeing come to fruition now on the Solana chart. We must remember on that chart we had an initial fakeout above both necklines around July so there’s always a chance the initial break above the necklines for this solana chart starts as a fakeout too. However since then, The DJI chart has hit the target of it’s smaller inv h&s target and is very close to hitting its bigger inv h&s target so I’d say using that as a precursor, probability is rather high for solana to also hit both of its breakout targets within the coming months. *not financial advice*
COINBASE:SOLUSD
by DrDovetail
12
Great Pump, but what's next?Morning folks, Well, rally looks great, but absolutely unnatural and has no relation to normal market dynamic. It is pumped externally. This is not a surprise when 80% of spot market and all transactions and depository operation stand in one hands. Bubble? Yes, but it is not totally ripen yet, need some time to grow more... Our setup has worked perfect whatever you've done - either use Stop "buy" order for breakout or just bought near the lows of our consolidation. Our next upside targets are 70K, i.e. previous top and 80-85K. Now price is at overbought and it makes sense to wait for some relief. We will be watching DiNapoli patterns, based on the thrust - either DRPO "Sell" or B&B Buy. It seems that any analysis of BTC market very soon will become useless, because it is not controlled by market natural force any more, it is concentrated and market goes with the direction that BlackRock& Co will choose.
COINBASE:BTCUSD
by Sive-Morten
New bullish movement in progress?The price is marking new highs relating to the intermediate period, this macd, as I have written several times, is configured for the intermediate period (approximately 3 months). At this moment the indicator is marking new highs compared to those made in December 2023, so it is telling us good news, because this in progress could be a new bullish "leg", a new intermediate cycle or a swing, call it what you want . The important thing is that price and indicator agree on the rise that has everything, volatility and directionality, the buyers popped up immediately, with every weakness in the price, many BTC are bought and the halving is very close. I remember that the latter is already discounted in the price, what is not discounted is as long as there is an accumulation by large funds via ETFs, at this moment the expectation on Bitcoin remains high. Confirmation that the correction is over and that we are in a new bullish cycle can be given by a maximum relating to the intermediate period after March 9th.
BITSTAMP:BTCUSD
by Melupira89
Adv. on bearish sideMorning folks, It seems that market is tired a bit from previous ETF rally. Major drivers are worked out already, and market needs something new. Supposedly coming April halving and possible ETH ETF approvement in May are most probable ones. Right now price stands in tight consolidation, which is might be treated as a bullish sign. At the same time, this consolidation is forming at strong Monthly resistance area of 48.5-52.5K, so some downside reaction seems very probable. This could make any rally here very short term and unstable. And this keeps us aside from taking any long positions by far. On intraday charts it is few things that we could consider - bets on breakout of the range might be done by using Stop entry orders near the borders. If you still would like to buy, we have some shape of reverse H&S pattern on 1H chart, that theoretically you could try to use. But, this is very weak setup.
COINBASE:BTCUSD
by Sive-Morten
Contradictive patternsMorning folks, So, intraday H&S patterns that we've discussed last time has started very accurately as we've suggested. But, BTC was not able to break the top, forming minor W&R, grabbing stops around it. Thus, this H&S has failed. This is bearish moment. Dont' forget, that market stands at very unstable area of strong 52K monthly resistance. On daily chart we have two opposite patterns. First is DRPO "Sell", second is bullish grabber. With mentioned situation on intraday charts, it seems that DRPO has better chances. Anyway, if you're conservative - it would be better to stay aside. Still there some advanced ways of trading exist - we provide it in video on our website. It is too much typing to describe it here.
COINBASE:BTCUSD
by Sive-Morten
1
The MacD on btcusd.After a very powerful acceleration, the price found a short-term resistance where it could take a breather. This has thrown a bit of fear into many people, I think it's normal. The tension is high and therefore in some cases the fear of lost profit or mental tiredness sets in. Holding a position open for a long time takes up a lot of energy, so it's okay to take benefits when possible. The MacD highlights how we are in a good moment to recharge, perhaps taking advantage of the panic of those who do not know how to manage feelings. In trading these people are often called a herd of oxen or retail, even if from the numbers we see, at the moment retail is very few, I hypothesize that they will enter the highs or the last wave for the luckiest. The possibility of seeing the price below 50k USD is not excluded, even if the bullish force is always there with buyers crouching just below, ready to take advantage and stop the escape of some lucky calf.
BITSTAMP:BTCUSD
by Melupira89
10 Daily Outlooks. D7. BTCUSD, EURUSD, GOLD☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BITSTAMP:BTCUSD
by Yelli_trades
1
10 Daily Outlooks. D6. BTCUSD, EU, XAUUSD, USDCAD and others☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BITSTAMP:BTCUSD
by Yelli_trades
1
51.5K seems vital for short termMorning folks, So, BTC hits our Yearly Pivot Resistance 1 level and in nearest 1-2 months, it will be really decisive time for next direction on the market. Meantime, while BTC is still coiling around, let's take a look at lower time frames. Context remains bullish, so we do not consider any shorts by far. We suggest that 51.5K area will be vital in nearest term. If BTC holds above it - it could start forming reverse H&S on top with upward continuation and start moving to our next 55.5K target. If it fails, then we could get Double Top here and deeper downside pullback first. Thus, if you want to buy - think about 51.5K area, it could let you to place tight stop.
COINBASE:BTCUSDLong
by Sive-Morten
10 Daily Outlooks. D5. BTCUSD, XAUUSD, GU, EU, US100☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BITSTAMP:BTCUSD
by Yelli_trades
5
Waiting for the pullbackMorning folks, So, upside target of 52.2$ is reached. Now price stands at strong resistance area, including monthly major 5/8 level, Yearly Pivot Resistance 1 and upside weekly XOP target. Additionally we see that daily butterfly has been completed and market is overbought here. Although we do not exclude some wobbling in 52-55K area, so 1.618 butterfly target also could be reached, in nearest time we will be watching for natural downside reaction on strong support area. Now we do not consider any new longs positions. For intraday short positions it seems too early as well, as market has not started yet any reaction on this level
COINBASE:BTCUSD
by Sive-Morten