Bitcoin Contracting before ExplodingBTCUSD has seen a solid rebound off a crucial support level, successfully capturing liquidity at the previous month's low. Over the past week, the daily chart displayed choppy price action, leading to a period of consolidation within a tight range. Notably, the weekly timeframe has formed an inside bar pattern, signalling potential indecision among traders. A break and close above 63,000 could provide a strong bullish signal, potentially driving the market toward the next resistance level at 73,000. The upward momentum could persist, especially if the market rejects the prior week's low. On the 1H timeframe, a classic triangle pattern is unfolding, suggesting the price may continue oscillating within this structure before making a decisive move. The target is the resistance zone at 63,400
Rebounce
Yuan positive Since China is making moves in African countries I expect this to rise against the dollars deprivation of growth and attractiveness. Usd should be rating hikes to settle this debt they started so later on I do see this becoming strong we'd just have to zero in on news related to US and JPY economy and its progress. Remember they bought a lot of yens from the bottom and the retracement was based on some being sold and obvious human behaviour to price at certain round figures. 140/142.-.222 is an indication of buyers changing price and turning it again to support to Target a liquidity grab and orders of buyers at 150/151. Break of 152.22, is needed to see 160.167/180 if things don't change
141 should break 141.4 is the last line
ADABTC - false breakoutPrecondition for the false breakout
If the price by an impulse flies near the level.
fall for a long time.
rebound from the mirror level.
do you agree with me?
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These ideas are not a channel with signals and I do not give recommendations on the entry/exit points.
In my reviews, I provide analytics - those data that help model potential options/scenarios for price movements
Thanks for your support!
Bitcoin Reverse H&S ConfirmedEngulfing candle confirms bitcoins short term rally and time to setup distribution targets.
Short Term Distribution Targets
Target 1 : 4093 USD
Target 2 : 4370 USD
Target 3 : 4648 USD
Target 4 : 5043 USD
Stop Loss : 3340 USD
Good Luck.
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Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
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For the next few weeks...Hello crypto fans,
here is a new update for my "short term" view.
My last two charts are already playing fine, but this one should be get you a better view for the next few weeks.
So don´t get into FOMO because we will see a better price to buy next year Q1.
Hope you enjoy, leave me a like or a comment with your optinion.
Thanks and i wish you a nice christmas time :-)
Bitcoin Update. Is it not the end for bears yet?As we predicted it earlier Bitcoin's uptrend faces some barriers around the 8.4 k USD area and is now in correction. As we can see on the chart an uptrend reversal movement is already on. But still there is no a 100% confirmation for it and we might see some other downtrend move depending on the strength of the bears and their dominance over the bulls. A rising wedge is already broken and a downward correction is on progress. The main question in which even many high level proffessional traders and analysts couldn't answer this time is Bitcoin's next direction in the short to mid term investment duration. As a crypto enthusiast our team is still positive on the "Very" bullish potential on Bitcoin. But since there are many intraday traders and who wants to make money in the shorter period the question holds a logical approach. Anyways as we can see it the fundamental reasons raised last week especially the ETF situation related to the Winklevoss twins ETF rejection by the SEC is one of the main reasons for this correction and its actually a normal and healthy correction so far unless it needs some time to rebound and continue its big upward trend. Again as last time we are facing with 2 scenario's on hand next.
1. To correct and touch the support level around 7446.26 USD. If it can rebound and get some bull hand on success it will be a very high probable bullish trend to happen.
2. Since we see a rising wedge break scenario we might see some more downward movement. Mostly this chart pattern is known for its downward bias for such correctional times. By this we might see a downward correction for the following 1 to 2 weeks if the case continue in such ways and might even further go down first to support area 6808 USD which is the most probable outcome or further to the strongest support area around 6355.03 USD.
We will update you on further coming scenarios. Stay Tuned. Team TWA.
Ethereum buy signal in 1 hour chart! I am long.My entry: $280
My tight stop loss: $266 (≈5% loss).
Target: 1. $325 (RR ≈3.2) / 2. $340 (RR ≈4.3) / 3. $360 (RR ≈5.7)
Facts:
• We had a higher high at §319.
• Volume increased after the weekend.
• Rebounced at $272 support zone (.5 of bearish swing).
• We should be in wave 5 which can bring us into the $360+ area.
This is no recommendation.
It´s just my personal result of my analysis.
Do your own research.
Comments / opinions most welcome!