Bitcoin (BTC) has always been synonymous with volatility, and recent market conditions are no exception. Currently priced at $67,700, Bitcoin is capturing significant attention as it hovers around this pivotal point. The market sentiment is mixed, with expectations of potential pumps, possible rejections, and opportunities for buying at lower prices. As we stand...
From the Fib. development we could see something like that in the future. We sure did have confirmation on the 4th wave, so, the question is, where does the 5th wave end, and how long it will take to get there. Below you can see the development at key moments. Re-Cyle Reset 2019 W-Shape Bottom 2020 Halving 2020 Playground 2020/21 Bullrun 2020/21 confirmed
In the volatile world of cryptocurrency, corrections are as common as market rallies. Bitcoin, the flagship cryptocurrency, recently experienced a 20% correction, prompting many to ponder: Is this correction adequate for maintaining market health? Assessing the current chart dynamics, it's challenging to definitively forecast whether this correction signals a...
We are very close to an important event as far as the MA200 is concerned on the weekly long-term chart! Be prepared :) If China returns to the crypto world, it will certainly be a good impetus for a positive scenario - a rocket. The next few months will be very important. Good Luck All!
In recent market trends, Bitcoin has shown signs of a channel mode play, as depicted by the chart. Additionally, a short-term trend has formed, currently exhibiting three rebounds. These indicators serve as an initial alarm for a potential reversal of the current events. If the price breaks above $32,500 or so, it could signal a continuation of the upward trend...
The current state of the Bitcoin market prompts a crucial question for investors: Is it the right time to buy or sell? With the price currently hovering around a significant resistance line, the breakthrough around$44,500 holds immense significance. Additionally, the impending approval of Exchange-Traded Fund (ETF) funds is on the horizon. Once approved, this...
In recent months, Ethereum (ETH) has taken the crypto market by storm, showcasing significant price movements and sparking renewed interest among investors. Just a short while ago, ETH was trading below the $900 mark, followed by a surge past $1200 and a breakthrough beyond the $1500 level. The crypto giant continued its ascent, smashing through the $2100 barrier...
I am sure that this chart does not need an extensive description. Everything that has been happening lately with the big banks is just grist to the mill for Bitcoin. And it looks like there will be a lot of water :D printing will start soon :) Good luck all ;) Previous idea:
Bitcoin looks much better against the financial market itself, and the construction looks promising, as the breakout has been defended for now. In the near future, the price could move in the outlined channels, for the long-awaited breakthrough it will be necessary to wait a little longer, in the background there must also be a financially supported reason for the...
How far will the price drop? We are slowly reaching the bottom-finding phase, and this one is very close. I'm not saying that a turnaround is around the corner, but historically speaking, there's not much left to the bottom, percentage-wise it doesn't even matter if it's the biggest so far. Spike can be deep, but very quickly...when it happens. The consultation...
It is more than obvious that the downtrend is strong, the background of the financial market is unstable and it is difficult to predict anything, especially if we include the unpredictable events of the state of war in Europe. The fact is that the downtrend line can be broken... The next cycle is still a long way off, which does not mean that the price will...
Sooner or later the downtrend line will be broken... The current situation is uncertain, a breakthrough is definitely needed or we will see the price even lower at the support.
I am writing this for fun in this stressful crypto world :) (joke) Sometimes the simplest thing is the most right or wrong....everyone should judge for themselves. I can say again that despite everything that is happening and blah blah blah.... Every moment is important in its own way, but the patterns never break asymmetrically, there can always be something...
Will the breakthrough succeed this time despite the difficult circumstances? The crypto market has picked up a bit, but that's not enough to confirm the way up.
The bulls are definitely not showing their potential during this period, we could even say that we are on the verge of collapse. This would be the reason for the bearish trend, which no one wants. Still, there are still a few chances to get things back on track. As long as the price is above 30k, I don't worry too much ...
Finally, the long-awaited breakthrough happened. But, is it real? It wouldn’t be a first-time fake-out ... The development of this will definitely be interesting. The price can go up to 43-44k, then almost certainly bounce back down, then confirmation is needed, which can reach the downtrend line ... Bounce would be good confirmation. Good luck all!
If I’m not long-winded, I can tell by eye that it looks good (given the bounce). If the Fed doesn’t make the situation even more difficult, the sequel could be like this. Definitely the first goal is to break down the trend line. This will be a big step. Let’s see how it goes on until the end of the week. Good luck all!
Every trader probably knows the rule "Trend is your friend", here we see we have a downtrend for quite some time and a lot of rebounds down .. but every trend ends, this one has already taken advantage of quite a few "jokers" :) This is just a simple trend line analysis. If the price starts to go down it can go down 20-30% without a hitch. Looks like we're on the...