Bitcoin's bulls showed themselves really strong last week when they bought everything below EMA50 and pushed the price above EMA10 in one single candlestick.
Bitcoin (BTCUSD) was trading below EMA10 ($9170) and fell below EMA50 ($8012) to reach a low of $7293... As soon as this low was hit, Bitcoin had a very strong bounce and the bulls now are back in control......
Bitcoin (BTCUSD) remains bullish on the monthly timeframe.
We are not used to seeing a "long-term" bearish Bitcoin.
We are not used to seeing Bitcoin consolidate/go lower for months.
There was only one occasion where Bitcoin went negative for six months straight. That was between August 2018 and January 2019... What followed was the BTC 2019 bull-run which...
BITCOIN WAS NOW LOOKING AS TO GOING DOWN FROM 5191
WHY I AM SAID BECAUSE THAT WAS HIGH POSSIBILITY AND MANY BIG RESISTANCE ARE AVAILABLE ON 5200 USD AND SECOND IS RSI BITCOIN WILL OVERBOUGHT SO YOU CAN TAKE ENTRY IN SHORT
Bitcoin Hit the all time low again last week , right into the support zone and then a quick clean bounce off the 7000 mark , the 50MA has flattened and there is sense of a rally to the 200MA. Great time to buy Long/Medium term.
BITCOIN Urgent Weekly Chart Update
Weekly Chart Analysis:
Order Block (OB) 1: $42,000 - $38,000
First Fair Value Gap (FVG): $47,557
Order Block (OB) 2: $28,000 - $26,400
Second FVG: $33,802
Potential Scenarios:
We could see a fill of the first OB and FVG before a new upward rally.
Both FVG and OB are in the discount zone, increasing the likelihood of hitting...
BITCOIN Urgent Weekly Chart Update
Weekly Chart Analysis:
Order Block (OB) 1: $42,000 - $38,000
First Fair Value Gap (FVG): $47,557
Order Block (OB) 2: $28,000 - $26,400
Second FVG: $33,802
Potential Scenarios:
We could see a fill of the first OB and FVG before a new upward rally.
Both FVG and OB are in the discount zone, increasing the likelihood of hitting...
- Bitcoin is currently hovering around the zone of overhead supply
- Bitcoin can keep consolidating or move sideways here and that's going to help Bitcoin throw up or shoot up big
- If Bitcoin gets rejected from here we can see an easy retracement to 65,000$ and then continue to move up
- Avoid leverage like I always say and try building/holding positions in...
#Bitcoin LTF Chart Analysis
BTC is currently trading at a crucial support level.
Here's what to watch:
Support Level: $66,500
Scenario 1: If support holds, it's a positive sign for the bulls.
Scenario 2: If support breaks down, BTC could drop below $65,000.
Trading Tip: Always wait for confirmation before entering a trade.
Stay alert and trade wisely.
#Bitcoin Elliott Wave Count Analysis
Intermediate Degree:
▪️We are observing a potential wave (3) down of a descending impulse on the 1-day chart.
▪️Target: $48,000 - $44,000.
Primary Degree:
▪️The 1-day chart suggests wave C down of a zigzag pattern is in progress.
▪️Target: $58,000 - $61,000.
Cycle Degree:
▪️At the cycle degree, wave ((ii)) down of an...
#Bitcoin LTF Update
#BTCUSDT bounced back strongly from the $56k support.
- Key resistance at GETTEX:64K ; a break above is bullish.
- Failure to break could mean testing new lows for the year.
CRYPTOCAP:BTC
Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Count
Greetings traders and investors,
Current Analysis:
The current BTC scenario appears bearish. As discussed earlier, I highlighted the likelihood of a significant dump. I hope you adhered to the warning and avoided long trades around $70,000 - $72,000.
Chart Analysis Recap:
The chart shows a clear...
#Bitcoin Bull Flag Analysis
The #BTC Bull flag is currently holding $60,000 price Level.
A bull flag is forming with a target lying around $1,18,000
For this pattern to play out CRYPTOCAP:BTC must be above $60,000 Level.
Note: If break $60,000 level then ready for $45000
Like/RT if you agree
Bitcoin Update: Key Alert!
Quick Analysis:
As previously highlighted, #Bitcoin remains under pressure. Staying below $67,900 has shown us there’s limited upward potential, and now it's more evident with the recent rejection from $67,000. Bitcoin is currently trading below $62,000, signaling a strong bearish trend.
Current Status:
Bearish Outlook: Bitcoin's...
#BITCOIN BEARISH ALERT
Market Status: Bearish
Key Observations:
Pattern Breakdown: Bullish Pennant formation has been compromised.
Trend Line Status: Currently trading below the key trend line.
Targets: $50,000
Condition:
This target is set under the condition that #BTCUSDT remains below $65,500.
Keep a close eye on the price movement. A sustained position...
