Hey friends! Today, I've got an exciting idea about BTC. On the weekly time frame, BTC has clearly formed a bullish pennant pattern. If you observe the daily RSI, it has reached the oversold area, sweeping all liquidity from the market. The weekly RSI is also around the 50 level, indicating a potential bounce with hidden bullish divergence. This suggests a strong...
It's evident the sharp decrease of the pair BTCUSDT. i passed the last week identifying the main reason for this new bearish movement. Is it a drawdown or a change in trend ?
By simply analysing the trend last 2-moths action, we can identify the a range, between 60.6k and 72.6K. The upper level correspond to the historical HH. The lower bound is a POI and Point of...
Currently, Bitcoin is experiencing a decline to the daily EMA25, which is merely a provisional support at this point.
Keep a close eye on the funding rate matrix this weekend.
If there is a substantial continuation of positive funding across the spectrum, it could pose a significant threat to the EMA25 support.
The monthly timeframe appears decidedly optimistic with a breakout and consolidation above the primary supply zone. I believe we have a narrow window of 1-3 months to gather more #BTC before the ultimate surge commences. This could be our final opportunity.
- Bitcoin has recently shown a great jump and pump because of FED Rate cut expectations
- However, the ETF Inflow from Hong Kong and US Asset Managers is not stopping as well
- The fundamentals of Bitcoin looks good with no bearish scenario looming over
- ETH ETF approval will be a bullish catalyst for the whole market however, bitcoin might go sideways because...
#BTC/USDT Analysis: Bearish Divergence and Decreasing Volume Indicate Potential Retest Levels
#Bearish Divergence
A bearish divergence occurs when the price of an asset is making higher highs, but the underlying technical indicator (in this case, the Relative Strength Index, or RSI) is making lower highs. This discrepancy suggests that the bullish momentum is...
In recent days I told many times about upcoming dump in crypto because of usdt.dom and btc.dom showed a significant bearish scenerio. Now the Bitcoin following my Dumping Path and if it's same in future then we'll see 52000 as next stop of Bitcoin.
Till the time 65420 is support look for 70000.
RSI is above 50 also showing bullishness, Macd is also showing bullishness.
We can see 66500 and 67500 and 68500 70000.
Plan Accordingly, Happy trading. 😉😉
A good falling detected on bitcoin
It's showing a fall due to these reason
1. It's following a heavy sellers pressure over here in daly chat
2. It's ready to break the neckline
3. After a good. Move refreshment will occur
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Follow for more
A good falling detected on...
it's the perfect time to look for SHORT.
I am telling you purely on technical analysis.
May be gold continue up for sometime.
Halving is coming for BTC,but bankers buying the gold.
Because there is a confusion with the fed rate cuts, uncertainty become resilient.
So bankers go with gold to avoid impact near future( note the word).
SOMETHING IS COMING!!!!!
I am still holding a short position, but if it closes above 70,150 , I will close the short and open a long position for 2 or 3 hours. Eventually, it will come down for sure. If you can take the risk, hold your short. The CME gap between 62,000 and 64,000 will sooner or later fill.
