BTC bottom is looking @ 12700 although a flash crash can be seen till 9000 from where buying pressure can be seen gradually by end of Oct, also according to the rising parallel channel & elliot wave measurement the top can be seen in July 2024 @ 200,000
The world’s largest cryptocurrency has developed strong sustainability above the crucial support level of $28K. This certainly indicates that price level might avoid further downfall. The current trading session is looking in potential to form a bullish engulfing candle which may provide bullish breakout among moving averages in future
The MACD level is also...
More the federal reserve sucks dollars, more the countries will spill out dollars in phased manner.
Weekly chart is in channel. So pullback expected till middle band of channel. Green Line on chart is big technical support.
Pullback also expected due to 38.2% level. ( OR 50% level )
Rise in crude prices creating dollar demand, so BTC is not rising very...
The past week continued to face the wrath of bears as Bitcoin traded within the falling channel pattern formed on the chart. The current level is looking at the potential to form a fourth lower high within the downtrend. However, a positive breakout above the 0.382FIB level can be a momentum breaker and bring back positive sentiment for the world’s largest...
The world’s largest cryptocurrency has once again become a victim of a strong consolidation range between $37K to $45K. The breakout above $45K during the start of the month gave positive hopes to the investors. However, the following retracement forced the price level to drop below $40K.
The contraction in Bollinger Bands suggests that we are poised for another...
The bulls extended their support for the world’s largest cryptocurrency while maintaining positive performance for consecutive weeks. Moreover, the current price level is finally above the major resistance level of $45K and EMA-200 which could further drive the bullish momentum.
The price level also had a positive breakout from the rising channel pattern...
From the past week, Bitcoin price level didn’t offer much to the investors and has formed a strong consolidation range. The world’s largest cryptocurrency is said to consolidate between the price range of $37K to $40K.
On the Fibonacci retracement table, the mentioned range is placed between 0.382FIB level to 0.5FIB level. The price level is having a strong...
Investor sentiment is at pessimistic levels, which indicates either market lows or a near-term reversal of quotes. At the moment we consider two scenarios of the situation development:
1. an impulse ascent of the quotes from the current levels, the confirmation will be the growth above the level of $43,000.
2. renewal of the minimums around $25,000 and impulse...
BTC usd is showing ba good consolidated at 1 hour time frame get ready to grab a big movie at both side
Onece it break the box and give closing you can go for it on lower time frame best of luck
BTC is falling but a quick update up to where the fall could be.
The first bounce will be at 55k and it goes to test 60k levels again.
This might form a XABCD bullish bat pattern. Below this, the price could go to test the 52k-50k levels.
Happy trading :)
This is just for educational purposes.
Bitcoin has formed a descending triangle figure on the daily chart, now it appears to be starting to break out of that figure.
This movement can generate a STARTING BREAKOUT MODE taking prices up to $20k
I believe that there are important resistances along the way, but the previous tops, for me, are the target of the asset.
I hope to be able to contribute to...
