I find it hard to be bullish on bitcoin when volume has been so low for so long. If volume continues to mean something like it always used to, it's likely that prices will go lower, before they climb again to newer highs.
Is BTC forming a Cup and Handle Pattern? The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout.
Hello Everyone, BTC/USD has aligned perfectly with our previous Bitcoin projection. Currently, the price is nearing significant 1M resistance. For further upside potential, the price needs to establish itself above this level and then find support at the 67,370 mark. At present, sellers appear more confident, anticipating a drop to 1M support levels. In summary,...
As mentioned in previous analysis, I believe the breaking of 60K to be important for BTC. If it is important, we'd be in a bull trap now. Currently we have to classic 76 retracement along with a butterfly correction pattern. Trying a fairly large short on BTC now. Expressed through shorts on BTC directly, OTM puts on COIN and OTM puts on MSTR. If the break...
I’m short selling BTC since it’s been in Chaos during this 2MO TF. Theres no way of telling where the trend will end up. It’s very volatile. My new strategy is following smart money buying and selling. For now this is best way to go for me until BTC reestablishes. I have prices in mind but my main focus is following the buys and sells from the bigger traders....
My view on BTC in the following 4-12 weeks. We might see the new ATH at the end of July.
Hello, everyone Our H&S model is starting to perfect. Now we focus on the target of 69.15K, which is also the key area for the next direction of the Bitcoin market:
Bitcoin managed to break out of the $67,000 daily range, showing strong upward momentum. This breakout is also confirmed by the RSI indicator, which has broken the downtrend line on the daily chart. Given the time frame after the halving and the current market trend, the price of bitcoin seems poised to rise further. Key resistance levels to watch: First...
Hello everyone. Today's rise in BTC is completely expected. And I started buying around 61500 and reached my TP price. At present, BTC remains oscillating in the 70,000-60,000 area. Tomorrow I will continue to share with you the trend analysis of BTC here
This is my first published idea. Im not very tech savvy, but here goes. We are tracking a falling wedge and BTC corrected sharply, challenging the recently formed downward trend line. But now price action has mostly stalled over the last 10 hours. We are seeing bearish divergence on shorter TF's on the RSI and MACD. BTC is pressed right up against resistance...
Technical Analysis for #Bitcoin. Overall Trend: Bitcoin is currently in a correction phase. There is potential for the correction to continue or transition into an impulsive wave. Current Position: Bitcoin is completing a correction phase, awaiting confirmation of the next move. Wave Analysis | Correction Phase Current Correction: Bitcoin is in a...
Bitcoin is an invention designed to grow forever as long as we live. If you see the same vision, don't forget to support the analysis. I'm releasing UPDATE2 earlier than planned because today the channel reached *666* followers. The analysis is set for long-term updating. It doesn't matter if the price is 70k or 50k as long as you see the big picture. The world...
Bitcoin / U.S. Dollar_ Distribution _ Price _ Under _ Trading _ Venue_ Kraken. Note: Prices can be different if You're using a different Trading Venue! We have enough data to calculate the distribution price for 2nd week of May. I will be using only week 1, then connect some of lower data from week 2 then engineer them together to get the week 2 distribution...
SL: 65081.00 TP: 71822.00 In this trading strategy, I present a compelling opportunity for a long position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
BITCOIN FAIR PRICE Until June 4th. #BTCUSD : $65,214 Overbought (sell signal) above: $67,729 Oversold (Buy signal) below: $62,698