Yesterday, Bitcoin bounced off the sell zone of $59,000-$59,550, which we noted on Monday. We tested the $58,000 zone, where we saw a volume reaction, but there was no consolidation above this mark, and the buyer did not resume. After that, we began to implement the scenario with a test of the $56,000 level. At the moment, the price action is quite weak, and...
For Bitcoin , we are trying to execute the first scenario mentioned yesterday. We have already broken through the local downward line and reached the resistance zone of $59,000-$59,550, from which we received the first selling reaction. Currently, we primarily expect a test of the price around ~$58,000, where repeated cluster-based protection was observed,...
Bitcoin (BTC): $57,527.88 (-1.55%) Bitcoin Dominance: 57.62% Fear and greed Index: 26 (fear) WHAT HAPPENED? Since the beginning of last week, we've moved to a decline in the first cryptocurrency. However, we faced the complete absence of a market buyer throughout the entire downward movement and the breakdown of important buy zones. At the moment, we're...
Yesterday, Bitcoin attempted to resume its upward movement, but as expected, it encountered a strong mirror sell zone of $60,900-$62,000, from which it was pushed back into a flat pattern. Now we can expect a local sell reaction either from the price of $60,400, or from a false breakout of the formed local high of $61,200. At this moment, it's better to wait for...
For Bitcoin , we continue to trade within our buyer's zone. Yesterday, we retested the local low and were unable to go lower, which once again confirms the buyer's intentions to resume, at the very least, a local upward movement to the next selling zone. Opening any medium-term positions is not profitable at the moment, as the risk/reward ratio is too low....
Yesterday, Bitcoin triggered a series of long position liquidations and slightly disrupted our plans for rapid growth. One important buying zone of $61,500-$60,600 (accumulated volumes) was breached. The price only stopped in the next zone, and even then with additional liquidity capture below. Throughout the entire drop, the cumulative delta was falling, and it...
Yesterday for Bitcoin , as expected, we transitioned to a local correction from the global sell zone. At the moment, we have reached the first resistance zone - prices around $63,000. Sales are quite weak, but we don't see any signs of protection for this zone, except for a small decorrelation in cumulative delta. The main expectations are for the downward...
Bitcoin (BTC): $63,693.28 (-0.34%) Bitcoin Dominance: 57.42% Fear and Greed Index: 55 (neutral) WHAT HAPPENED? Last week, as expected, fully met our expectations and implemented a priority scenario – an upward exit from the balance. We entered the first sell zone of $64,000-$65,200 (mirrored volume zone), from which we received a reaction. WHAT WILL...
Regarding Bitcoin , there have been no changes in the structure since yesterday. We are still within the global sideways range and are primarily waiting for a breakout of the trading high at $62,800. There's a high probability that this will happen today, influenced by the US Federal Reserve's interest rate reduction. The announcement is scheduled for 17:00...
Yesterday, for Bitcoin , we locally confirmed the buyer's intentions, and the exit from the global sideways trend is closer than ever. The selling zone of $60,450-$61,000 (mirror zone, market activity of the seller) showed no reaction, which is also a plus for buyers. In the coming days, we expect a test of the upper boundary of the sideways trend at $62,800. ...
Yesterday, we completely ignored the local buyer's zone for Bitcoin at $60,500-$60,000 (pushing volumes). At one point, a strong seller appeared who pushed the price down in the market, so we now consider the aforementioned zone as a mirror zone, but with a slight shift. During the fall, signs of buyer protection appeared, but at the moment there is no clear...
As for Bitcoin , as predicted yesterday, we made a local rebound from the current price at that time by more than 5%. At the moment, we continue to trade within the global sideways range, but our long target has not yet been reached. Let us remind you that we expect growth in the near future, at least up to the next selling zone. Along the way, a new local...
Bitcoin (BTC): $58,104.70 (-3.14%) Bitcoin Dominance: 56.88% Fear and greed Index: 28 (fear) WHAT HAPPENED? Last week was flat for bitcoin. We tested the important $55,000-$57,500 zone (pushing volumes), which once again confirmed the long-term scenario. Cumulative delta volume (an indicator showing the difference between the buy and sell volumes of...
Yesterday, we fully validated our Bitcoin scenario, bouncing off the marked mirror selling zone of $58,600-$59,700 and testing a more global buying zone, from which we also received a reaction. As we mentioned earlier, the main expectation is the continuation of the global upward movement, so at the moment it's worth looking for setups to join longs. We have...
Yesterday, we bounced off the marked selling zone for Bitcoin and went lower. In the buying zone of $59,700-$58,600, strong volumes formed, but the reversal movement has not yet developed. At the moment, we consider the aforementioned zone as a mirror one, and upon retesting it, we expect further decline to the next buyer's zone. The scenario will be canceled...
Yesterday, we accumulated volume on Bitcoin and currently position it for a long, with a new local buyer's zone formed at $59,700-$58,600. We are now in a balanced structure and squeezed between two volume zones, with a high probability of testing the previously mentioned local buyer's zone. Securing above $62,000 will open the way to the next sales zone. Buy...
The Bitcoin scenario has not changed since yesterday; we still have not filled our buyer zone of $57,500-$55,000 (push volumes). A full rebound to test these levels is less likely, but such a possibility still exists. Let us remind you that the main expectations for the current week are the resumption of the upward movement. Buying zones: $57,500-$55,000...
Bitcoin (BTC): $58,611.17 (-4.28%) Bitcoin Dominance: 57.24% Fear and greed Index: 25 (fear) WHAT HAPPENED? Last week, bitcoin closed in the green zone. The ~$50,000 mark turned out to be very interesting for a major player, which can be seen from the volume filters of cluster search (pink squares). WHAT WILL HAPPEN: OR NOT? At the moment, we've...