BTCUSD trading ideas: Breaking out of the falling wedge has sparked an impressive price increase for the product. However, there are signs of a potential top at $65,490 that has caused the product to fall over the past several days. Currently, the price is fluctuating below the Major Resistance currently at $63,500. The whale's movement comes at a time when the...
Hello dear traders! Recently, BTCUSDT has been struggling to recover as it is currently trading at $62,463 and marking a 0.77% drop on the day. But at the same time, a double top pattern is gradually forming, signaling a potential correction that could break out of the trendline mentioned on the H4 chart. Current channel support is at $61,500, immediate...
Hello wonderful friends! Overall, after a sustained decline, XRP price found support near the $0.4865 area. A low was formed at $0.4864 and the price is currently attempting to mount a recovery wave, just like Bitcoin and Ethereum. There was a move above the $0.4950 and $0.50 resistance levels. On the other hand, XRPUSDT previously broke out above the key...
Yesterday I said that if the Bitcoin price cannot break through 63450, it will fall back. However, today the fallback is larger, with the lowest point reaching around 61450. The price currently encounters downward resistance above 61450. If the price breaks above 61850 again, the upward trend will continue. If the price falls below 60800, then the uptrend will...
BTCUSDT is currently moving within a price wedge and is undergoing a correction phase upon touching the upper limit of the wedge. The short to medium-term target range of USD 59,000 - 60,000 is viewed optimistically, as long as the price wedge remains intact. I am anticipating a decrease, what about you? What are your thoughts?
Dear traders! On D1, we see a bullish breakout gradually forming (represented by a large falling wedge). More likely we will see a shake or a correction continue before further gains. But! In terms of classical technical medium to long term Bitcoin price outlook remains positive, and what is happening now is just a whale rest with the aim of accumulating BTC...
BTCUSD remains ensnared in a downtrend, currently hovering around $61,800, having lost 1.71% today. The price wedge is tightening, setting the stage for a potential breakout for BTCUSD. The outlook remains in favor of the bears, with a target of $58,000 seen as highly plausible. What's your take on the next move for BTCUSD?
Hello everyone! Let's discuss and strategize about SOLUSDT today! On the hourly chart we see the trend changed, then the market moved into a consolidation phase and reached $146.45 and is down 0.68% on the day. The market's resistance area continues to hold the price but in the context of gathering liquidity that is harmful to sellers and gradually approaching on...
The price action of Bitcoin is relatively boring on the higher time frames, why is that? The answer to this question may be that summer is almost here, and statistically, Bitcoin has been going sideways pretty much every summer. Usually, the fun begins in August/September, when the volatility comes into the market. What can we expect from Bitcoin in the...
BTC / USDT BTC has printed big falling wedge and the chance for big breakout is high however more corrections and final shakeout can also happen The bottom about to be formed So Keep accumulating BTC and strong altcoins and enter market partially In meanwhile you can ask about your favorite altcoin for analysis Best of wishes
BTCUSDT continues its downward trend in the long term, as indicated by the 1D chart analysis. The pair is moving within a parallel descending channel with no signs of buyers breaking through the upper limit. Currently priced at $61,900, I expect further adjustments towards the lower boundary of the channel around $55,000. What do you think about BTCUSDT's...
This is what can happen to XRP (XRPUSDT) in the coming months. We are using a "6 months projection" time window but the general believe is that XRP can move before many of the major Altcoins; it is likely to be one of the first to move... One of the first to move big! Why bullish? ➖ The last bullish wave happened 308 days ago (more than 10 months). There is...
Bitcoin price action has literally bored market participants into a gelatinous state of perpetual apathy. That’s about to change. Why? 1) Price action and RSI resistance breakouts. See daily chart below. On the 8hr chart above (using Heikin Ashi candles for cleaner reading): 2) A trend reversal is evident with the first higher low since April 3rd. Green...
Let me show you this very simple signal, it shows where Bitcoin is headed next. ➖ We are looking at the 1H time frame; notice the volume. Each time there is a volume breakout, it ends up being a bearish move. This indicates that the bias is bearish and thus lower prices. ➖ The downtrend confirms the volume signal. Where are the bulls? The chart can always...
Here we have another Cryptocurrency trading pair that is exhausted on the bullish side; a classic irregular correction is now in the making with the end of wave b coming in now. As wave b is completed, the start of wave c opens the doors for a SHORT. ➖ The signal here comes from the volume. Notice how trading volume is much lower now compared to March while a...
What is a "danger zone" and how do we determine if Bitcoin is in a situation to either crash or move higher? The "danger zone" we've been hearing about is a time based fractal of past history. The 2023 bullish wave and 2024 new All-Time High shatters all time related predictions based on past history. Since we have completely different timing this time around...
in 3D chart INJ still comsolidate a a massive ascending channel price now retesting the lower side of the pattern which gathering with a 0.618 fib level which making it the most important support! ... that making price must rebounding from here! - u can see the H&S pattern and clearly u can see that the pattern completed and declined to reach exact it's target ...
BINANCE:BTCUSDT has been showing bullish prospects all week and has been consolidating above key zones, preparing to go higher, but on Friday the market changed to bearish and there is a reason for that. BTC lost 3.3% on Friday and is currently painting a bearish picture. There are two reasons for this: Inflation related news, basically proving that...