Yeah as per technical analysis it should come to 56k.
In my opinion it gives confirmation candle to go 56k.
Maybe it will reach there on Thursday or Friday ( economic data news) .
Learn to analysis by yourself.
Peace.
The Fourth Bitcoin Halving has been completed and the rewards have been reduced to 3.125 BTC per block.
At the time of writing, Bitcoin price was hovering close to $66 K recording a 1% dip in Intraday.
The fourth Bitcoin (BTC) halving has finally taken place, marking a significant milestone in BTC's journey. As a result of the recent halving, the reward has been...
On Weekly Basis:
BTC/USD completed its correction from 65500 to 16300 in its 3 Wave Down Correction. Previous top was made at 19000 in December, 2017 also a support level. Fibonacci 78.6% retracement from bottom 5300 to top 65500 ends at 16300, a support level. It took a support at 16300. It consolidated at 16300 till December, 2022 then started a fresh new Bull...
#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
## Technical analysis:
. BTCUSDT was Moving in a Triangular channel then IT had a breakout.
. After Breakout It started Following parallel Channel.
. The price is now Below 50 EMA and 20 EMA.( BEARISH SIGN )
...
Many people continue looking at Bitcoin... What will it do?
Will it finally breakup?
Will it loss support and go down?
Based on past history each time Bitcoin peaked the reaction was very fast, clear and strong... Today, the market changed... We can see Bitcoin consolidating near the top, meaning, sideways action.
When Bitcoin goes sideways the altcoins...
Head and shoulder like pattern has been triggered. Watch for backtest of the dotted green line to initiate short position. Target calculation marked in the graph.
Stop loss is daily close above the HS neckline.
Disclaimer: Educational idea only
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!!!!!
Bitcoin big picture, right now I am expecting it to hit 23k level before dropping down to 10k.. overall it's bearish and my poi for shorting is at 23k level
after a long bearish move and bad sentiment
btc price has formed a consolidation pattern and
on 1h time frame we can see a inverted head and shoulder pattern
initiating trade according to -
as per neckline drawn on the chart
after the breakout only we can enter long and keep stop loss below the shoulder line
info line drawn from the head of the...
BINANCE:BTCUSDT
BTC has broken $59,500 which was its previous breakout level, the same level which was later acting as a support.
So clearly after that level broke the next support we see is at $53,000 ($53,013) if u want to be precise. If BTC breaks $53,000, we will be heading to $48,666.
When we can see the picture as a whole, It took reversal from "Fibonacci retracement level 0.786" in an uptrend journey, Its already up 600% and we can expect continue to reach the next 500% price level which is whooping "$38,0000" before an another retracement.
This is a true and valid analysis... This is the real deal when I mention the $44,000/$46,000 target for Bitcoin.
This is based on both the weekly and monthly timeframes.
There is an analysis that I keep on going back to because it is really reflecting what is happening now and can continue to happen in the coming weeks, the next month.
Based on the trade...
Just recently I did an analysis on the Bitcoin monthly timeframe chart.
We looked at the TD Sequential indicator and how we always get a higher high on a positive 9 after the 8... This can be seen here:
I would like to look a bit deeper into the Bitcoin monthly candles and why we are likely to go down before more up... within the month. This is something that...
BTC currently going 18680 around 3 days did price correction But now looking like bears are heavy on the market so the bearish wave started now as good for alts BTC will fall near the first fall will be 17800 if the bear market continues.
16 hours of target 18380 around
