Hello Intrepid Traders , We have here the 1 Hour Chart of BTC/USD pair on Coinbase. Bitcoin is navigating a critical point in its 1-hour chart, trading within a well-established ascending channel while hovering near the psychological $100,000 mark. The RSI has dipped near its oversold support zone, historically signaling potential reversals, but bearish...
Hello Intrepid Traders, We have here the 1 Hour Chart of BTC/USD pair on Coinbase. Analysis of Bitcoin 1-Hour Chart 1. Support and Resistance Levels Support Levels: $93,000 - $94,000: This level aligns with a previous consolidation zone and the 200 EMA (red). It's a significant support level where the price has previously bounced. $96,000: This is a...
Hello Intrepid Traders , We have here the 4 Hour Chart of BTC/USD pair on Coinbase. This analysis evaluates Bitcoin's buy signals using the 50-EMA, 200-EMA, RSI, and Fibonacci retracement tool. Notably, the 200-EMA aligns with the 0.618 Fibonacci level, enhancing its significance as a key support. We’ll explore bullish and bearish scenarios while outlining...
Hello Intrepid Traders , In identifying buy signals in ETH/USD pair we have to align key technical indicators with price action. This analysis focuses on support zones, EMA crossovers, RSI divergences, and a potential breakout from a descending channel to predict the next bullish move. By combining these factors, we can create a strategic setup for a...
Hello Intrepid Traders , Here's an Analysis of Support, Resistance, RSI, and Price Action for the ETH/USD pair. Support and Resistance Levels: Resistance Zone: Around the $3,400 - $3,500 range, marked by the red horizontal line. The price recently tested this level and pulled back, indicating strong resistance. Support Zones: Key support is visible in...
Hello Intrepid Traders, Here’s a method you can use to monitor for the next buy signal in Ethereum: Monitor the 50 EMA Keep an eye on the current price in relation to the 50 EMA (green line). For a buy signal, the price should move above the 50 EMA and remain there. Watch the RSI Level Look for the RSI to cross above 50. This indicator suggests buying...
Hello Intrepid Traders, Here’s a method you can use to monitor for the next buy signal: Monitor the 50 EMA: Keep an eye on the current price in relation to the 50 EMA (the green line on your chart). For a buy signal, the price needs to move above the 50 EMA. Watch the RSI Level: Look for the RSI to cross above 50. This indicator suggests buying momentum and...
Bitcoin is currently within an ascending wedge pattern. This pattern, indicated by converging trend lines that form higher highs and higher lows, often signals a potential trend reversal , especially if momentum appears to be weakening. This is a notable caution for bullish continuation, as ascending wedges are frequently bearish reversal patterns when observed...
Looking at this chart, I see strong bullish momentum indicated by both the price action and the RSI. The recent price surge shows a breakout above previous resistance levels, supported by the green moving average 50 EMA, which has crossed above the red moving average 200 EMA —a classic signal of bullish strength . The RSI has also broken out of its recent lows,...
Here’s how I see the potential move to $125K for Bitcoin: Looking at the chart, I can clearly identify a Cup and Handle formation. The cup has formed over a long period, starting from the peak around $69K in 2021, through the decline in 2022, and now with the recovery bringing us back to the current levels around $70K. The rounded bottom of the cup is a...
Here’s my analysis and prediction based on the chart. I see that the green line (50MA), which represents the shorter moving average, is above the red line (200MA), the longer moving average, suggesting an overall bullish trend. The price is currently trading above both of these moving averages , typically indicating continued bullish momentum . When I look at...
I see that Bitcoin has been in a downtrend, marked by a descending channel. However, it’s clear that the price has broken out of this channel, suggesting a potential trend reversal or a bullish breakout. When I look at the Fibonacci retracement levels, I notice that the price is currently around the 0.5 level, approximately $70,209.94. This is an important area,...
Happy Saturday Afternoon Traders! What's goin' on? Hope you're doing well. Hope you find value from this post. If you did, please give it a like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a...
Happy Tuesday Evening Traders! Hope the week started well for y'all. And I Hope you find value from this post. If you did, please give it a like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a...
Bitcoin Elliott Impulse And Correction Waves Complete - Zoomed In Chart Here's the Bitcoin Elliott Impulse And Correction Waves Complete - Zoomed In Chart If we have completed the present Elliott Correction Wave, then we're off to our next wave, the Elliott Impulse Wave. Target: $20,500 Bitcoin Elliott Impulse And Correction Waves Complete - Zoomed out...
Happy Wednesday Evening Traders! Hope you find value from this post. If you did, please give it a like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy...
Greeting from Deep South Texas! Happy Bright Sunny Sunday Morning, Traders! Hope you find value from this post. If you did, please give it a like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a...
Happy Monday Evening, Traders! Hope you find value from this post. If you did, please give it a like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this...