Crypto markets continue to bleed as the total crypto Mcap plummeted by more than ~20% in the last week alone. Uncertainty in Russia and Ukraine also adding more fuel to this fire. Overall, the global markets are also trading in red from the start of this year and due to high correlation between both the markets, crypto markets plunged more than the Equity...
After the last weekly gains, BTC again witnessed a bearish movement and closed the week with a 6.90% decline. It continues to consolidate in the range of $45,000 to $51,000 for the 4th straight week, which suggests that the tussle between bears and bulls is still going on and there is no definite trend. At the time of writing, BTC is trading slightly above...
Extreme fear sentiments dominated in the latter part of this week as bears started to command the whole Crypto ecosystem. The total market cap plunged by more than 10% from the high of 2.71 trillion to close the week at 2.27 trillion. With the news flowing in about the new COVID strain, both the traditional and crypto markets plummeted heavily. BTC witnessed a...
Bitcoin seems to beon short side for short term. harmonics is there. target stop loss and prz mentioned on chart. analysis based on harmonics. not for trade just for info
BTC continued its bullish momentum for the third straight week. After consolidating in the range of $60K to $64K in the previous weeks, it has given a fresh breakout and at the time of writing, it is trading around its ATH of $66K. BTC formed a bullish hammer kind of weekly candlestick pattern which depicts that bulls are going to dominate the charts in the coming...
Bitcoin continued its bullish saga for 4th straight week as it has now rebounded more than 41% from its July lows. BTC formed a strong bullish candle and appreciated by more than 7% in the past week alone. Weekly MACD is also depicting a bullish scenario as it is entering into positive territory. At the time of writing, BTC is trading around $47K. The positive...
Bitcoin posted a strong upside rally and closed the last weekly candle with more than 12% gains. It formed a bullish weekly candle and made a high of $42,605 but in the last two days, traders rushed to book profits at higher levels and closed the week slightly below $40K. AT the time of writing, BTC is trading around $40,090. On the Daily TF, BTC is now...
BTC witnessed a volatile last week, from its low of $31K to close the week above $39.3K. On the weekly TF, it gained by ~9% and formed a Hammer candlestick pattern which depicts reversal is on the cards, mainly backed by positive news from El Salvador which have adopted BTC as a legal currency. At the time of writing, BTC is trading slightly above $40K. Bitcoin...
$BTC $16,155 support remains precise, $16,526 resisting like I said, 4H closed with bullish engulfing current 4H following up 2H13M remaining, good chance to gain $16,526. 1d close above $16,500 will put bullish engulfing on daily, $16,155 1D support, $16,383 untested yet👀
$BTC $16,383 support tested as expected and it held gaining $16,526, $16,750 given resistance holding. $16,526 support currently in effect, 1D closed good yesterday. Current 1D not looking good as of now, Requires to gain $17,097 to ensure no fakeouts. Continue watching S/R
BTC continues its joyride for the third straight week, it has appreciated by ~50% in the last 3 weeks. With this week’s bullish candle, BTC has completed 3 White Soldiers candlestick patterns, this is a bullish pattern and is used to predict market reversal. Currently, it is sustaining above its 0.618 Fibonacci retracement level, which is present at $43,045....
After analyzing the chart, I came to the conclusion that the trend of the uptrend in BTCUSD will continue to move towards the renewal of the historical maximum, as well as consolidation higher with subsequent growth. There are 3 trend lines on the chart: 1. The purple trendline is a mirrored trendline of both support and resistance, giving us insight into the...
Bitcoin: Not enough room on the upside Manoj B Rawal Manoj B Rawal BTC rallies hard overnight, fails to carry forward. Not enough room on the upsdie for BTC bulls. Bitcoin, the poster boy of cryptocurrencies, rallies for good overnight to give some hopes to the bulls that the black days of the past may be coming to an end finally. But bulls lack enough ammo to...
This is my idea for Wyckoff cycle for BTC-USD. BTC is currently in the starting the accumulation phase, which in my opinion will last next 2-3 months. weekly 200 MA will act as an important support
I would like to emphasize that this chart shows why one should be long on NIFTY50 , over BTC/USD. well that doesn't mean that one should short BTC , as cryptos are much volatile this pattern can reverse itself in no time . These are my personal opinion and perspective , could be wrong or right. do your own research and analysis before taking any new position.
BTC Moon is on the way for 2022. 1. Close the 2M candle at 57.5K 2. The BTC Top will be at 141-145K 3. Next Support will be between 30-60K If Fails to close at 57.5K 1. Next Stop at 35K 2. If That Breaks 20K or 14K
Bitcoin closed the October month on positive sentiment, it appreciated by ~40% and formed a strong bullish monthly candle with a new ATH of $66,999. However, on the weekly TF, BTC has been trading in a sideways trend in the range of $58K to $64K from the last three weeks. The overall structure is still looking positive and further buying strength is most likely to...
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $59,930 on Bitstamp, down another 6% on the day.A rebound took the pair back above the $60,000 mark, but caution remained the name of the game as the week saw the price slide below $61,000."Was watching that $64K zone as a crucial level to break and the market has failed, so a...