Bitcoin has been in a strong uptrend for the past few months, with the cryptocurrency reaching a local high above $25000. However, since then, the price has been consolidating within a range between $24500-25000
Currently, Bitcoin is showing signs of a potential bullish continuation, as the price has formed a bullish flag pattern, with a narrowing range and...
Fundamental Development:- Three months after being elected into power, the Australian Labor Party (ALP) has finally broken its silence on how it’s planning to approach crypto regulation. Treasurer Jim Chalmers announced a “token mapping” exercise, which was one of the 12 recommendations in a senate inquiry report last year on “Australia as a Technology and...
The above chart of Bitcoin (BTCUSDT) laid out a Cup and Handle pattern (Bullish Pattern) . In a Cup and Handle pattern, the price movement forms a U-shaped Cup and then a subsequent price drift downwards forms a handle.
This pattern in general is characteristic of a Bullish trend. If the price breakout and moves towards the uptrend, the bullish pattern is...
BINANCE:BTCUSDTPERP
TECHNICAL ANALYSIS
--> BTC/USDT had made a impulsive downmove earlier and was consolidating in a Inverted Flag Pattern since 3 months.
--> BTC/USDT has given a breakdown from a INVERTED POLE & FLAG Pattern.
Bitcoin Onchain Analysis
-->during the consolidatiion of BTC/USDT in a Inverted Flag Pattern since 3 months.
-->In...
Trading Signal:
A Trading Signal is seen in the Bitcoin BTCUSDT
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 40000.0
⭕️SL: 38724.0 or SL on Uptrend breakout
🔵TP1 @ 43570.0
🔵TP2 @ 45555.0
🔵TP3 @ 51300.0
If you liked our ideas, please support us with your likes 👍 and comments .
BINANCE:BTCUSDT
The parabolic trendline plotted is holding up nicely and BTC is expected to reach range highs soon, given that the momentum gets a push. The RSI is forming a symmetrical triangle, RSI bounced from 42.46 which has been quite a nice bounce area for BTC in the past and I'm expecting this is the push we've been waiting for. The idea is that we...
These are the questions that I am now getting very often... If Bitcoin will retrace, how far can it go?
The potential targets we look at are based on the timeframe we are reading...
Even though we have a very strong bearish candle today, with really high volume... It is still very early on this move, here is the daily (D) chart for BTCUSD:
We have today's...
BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD
1.Low / decreasing volume uptrend
2.Forming bullish cypher with CD downleg incomplete
3.7hrs kumo cloud resistance on the head
4.The cypher completion expected at traditional S1 support
5.Bounce from the cypher effect to be arrested in the 0.382DC then 0.618DC, Complements Kumo cloud resistance
6.A later on...
