This is a long term idea on BTC and if it works out great. I just pulled a fib on the last move and put some TP's on 618, 786, and 886 and a few I have set to custom. I also notice that the RSI has reset. Keep in mind this is a weekly chart and so you are thinking macro. Do not think this will happen in a week, but anything is possible in trading. Cheers and good luck.
My expectation is that something similar to the chart will happen. So far, after each halving, we have seen a bull market, but it takes some time for it to happen. In this part of the cycle, big corrections, painful dips and boring consolidations are perfectly normal. Stay patient, stay focused, get ready for the third quarter, and you'll be rewarded.
Bitcoin if following the monthly pattern since the beginning which involves two angles , above a tl which is acting as support and below a tl so possibly a resistance, it could be a consolidation zone or could move it to the next level if breached
K3 break up the downtrend line under increased volume, It reversed the short-term downtrend. So, I bought back at 66400. If the following candles consolidate here for days, It will be a good place to increase long positions. The potential support at about 65K. Long-65250/Stop-64000/Target-72000 Long-66400/Stop-64000/Target-72000
K3 break up and close upon K2 under low supply pressure, It seems that the following candles will price up to test the resistance. I don’t think this is the start of another bull run, It is just a Wave(B) of a larger scale consolidation process. But during this process, Some other crypto tokens will do better.
Hi Everyone! BTC Update today Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰ If BTC can breakout the Resistance 64,700, BTC potential pump to 66,700 but, If BTC can't break the Resist, we will see BTC will go down to Support area 60,000 Good Luck Guys! *Follow For More! *DYOR
Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT 1D chart) USDT is expected to gap up. (USDC 1D chart) USDC is also expected to increase its gap. I believe that the rising gap between USDT and USDC is a sign of funds flowing into the coin...
Hi everybody, As we see , btc reached 0.618 fib, if close under fib 0.618 then we have a correction to $64500 Please trade on your own risk
VERY STRONG CONFLUENCES. Introduction: The provided chart displays the BTC/USDT pair on a daily timeframe, highlighting a symmetrical triangle pattern with two valid trendlines converging at a crucial support level, the 4H valid support at $65,811. This analysis aims to update the previous insights based on the latest price action and technical formations...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
The weekend is ahead, and breakthrough ideas are not working out well, I expect a return of 65k
Right now im waiting to see how we react after we sweep the SSL that is above the OTE of the current price range If i will see bearish confirmations on LTF i will long targeting the daily - fvg If i will not see a confirmation i will wait for the daily +fvg to be hit, its lower probability but its possible
Right now im waiting to see how we react after we sweep the SSL that is above the OTE of the current price range If i will see bearish confirmations on LTF i will long targeting the daily - fvg If i will not see a confirmation i will wait for the daily +fvg to be hit, its lower probability but its possible
Rising wedge bearish pattern has formed on hourly chart, and a breakout is underway to mark a highly probable bearish trend. The trend will either stop at the base of the wedge in the zone 64665.70 ~ 65033.72 USDT or continue to the previous support zone 62590.06 ~ 63355.54 USDT. The major trend is still bullish signaled by Fib-EMA cross over between fib 55 and...
BTC - Trading in bullish pennant !! Break out ! (Bears rekt)
Bitcoin is breaking out of the bear market structure and creating a new uptrend that will lead to an all-time high! This thesis is supported by the fact that after the halving event, Bitcoin always goes up (statistically, 100% probability). The halving event took place 1 month ago and cut the reward for mines by half. It's recommended to trade with the trend to...
Areas of interest is $69,000 - $63,300 The range is wide as choppy price action do not provide high accuracy on a macro level
IF the trend will continue this could be an area of opportunity. we will have to see how the coming week behaves.