Guys, Gonna break down the situation on the chart to see where we can go next with the altcoins. We see the key resistance levels and now we moving in kinda bullish pennant, but considering descending volumes we can easily test the support line and go back to the 1.25T. (maybe even lower) After that, seems like we can try to go back and break the 1.64T...
BTC/USD is currently trading near $108.8K, compressing within a falling wedge formation — historically a bullish continuation pattern, especially after a strong uptrend. Why the Bias Remains Bullish: Bullish MA Cross: Short-term MAs (9/21) are aligned for upside momentum. Falling Wedge: Price compressing with lower highs and lows, coiling for a breakout. ...
Technical Overview: The current price action is testing the upper boundary of a descending wedge, a bullish reversal pattern. The recent strong green candle indicates a potential breakout attempt, yet price is hovering near a critical resistance level at $74.20 (Fib 0.5). Key levels from the Fibonacci retracement are: 🔼 Resistance at $74.20 (0.5), then $78.16...
Hey traders! Long time no see. Looks like Trump and his team won’t be responsible for keeping the market healthy anymore—or maybe they just don’t care right now... So let’s check some technicals and try to figure out what to expect next. Not gonna lie, the picture isn’t looking too bright 🥹 Even though we’re moving up a bit, this price action feels more like a...
Merryy Christmas guys and upcoming New Year! Seems like we gonna meet New Year w BTC lower than100k... Looks a bit scary, but here is in short what we have: 1) Daily MA cross. Which is bearish sign 2) Divergence between raising BTC channel and volumes 3) If the price will follow the red line move, it will form double top pattern 🥲 My expectations: I think we...
Hey guys! We finishing this week with nice news? So quick update about bitcoin situation. We have here bull MA crossing oon 4H TF, so we can potentially see some long movement on the weekends. Another bull sign can be a Thannksgiving Day, so markets can react positive. On the other hand we have descending volumes and not really active movement. Don't forget...
Hey guys! Congrats all with BTC ATH and recent profits, I was not commenting the situation, because it was pretty clear, and we all know what was happening. But also, as we know, even in the bull cycle have to be corrections and consolidations. So here at the futures chart, we can see a huge gap around the healthy correction possible zone (max to 30%). Also,...
Hey guys! New trading week is here, and we're entering market with Bitcoin ATH. Today I want to talk a bit about gold. And here are some interesting moments. First time since April we finally can see MA cross on a daily chart, and price of Gold is reacting with a big red candle. Also, as a confirmation, we can see that the volumes are descending and RSI is...
Hey guyys! So Trump won the election and we have new BTC ATH! And I think we all wondering where we can go now? Let's check the chart and daily we have bullish MA cross, huge volume on this election day. But, another day volume is not pretty nice and looks like more manipulative movement. So I think if we will stay long at the ATH level without moving up...
Hey guys! I know it's weekends, but some of the markets are working today and I decide to talk about current BTC position. So, we're making this cool off, which is also almost full A correctional wave and in 2 days we have US elections, which can be really affective. Plus the volumes have convergence with the movement RSI is still uncertain, and MA cross on...
Hey guys! Here is fresh thoughts about current BTC situation. For me, looks like we had Elliot Waves with all this growing movement and can have some correction before to continue move up. Also RSI showing us that is need some cool off. But volumes are growing and the MA cross is bullish here. So this correction can happen, but the movement can be not that...
Hey traders! Here we are, as we thought we touched 59K and we came up. And we're still moving in a long 229 day bullish flag, and hopefully we could break it soon. The next resistance target is around 68K and if we're going to break this level, plus volumes will confirm and will see short correction if RSI will be oversold we can go upwards strongly! But...
Hey guys! Many interesting things happening at the market right now, and here are my thoughts about BTC. So in quick we have a red cross on 4H, so seems like we at least can see BTC around 59K, cause also this is important Fib 0,618 level. The volumes are still descending, plus the green line was broke, which means that we have a convergence with volume....
Hey guys! Friday scenario didn't worked and we continue growing. Here are some thoughts about next movements. Bullish: We're now moving in a raising channel and the MA have a bullish cross. Bearish: The RSI is closing to the overbought point and there is the volume divergence. Additional: We are between two important resistance and support levels. So my...
Hey traders! Short term update for Bitcoin. So we have here: 1) Bearish flag on 1H timeframe 2) Descending volumes 3) Divergence from the BTC direction and volumes For me, we can go to the next Fib level, which is 0,618 and it's an important one. After we could see the reaction and try to understand what can be next. What's your thoughts?
Hello traders! Here's a quick update on BTC. My thoughts remain the same—it's likely that we'll see growth soon. The reasons are: 1) Bears are quite weak. 2) According to wave patterns and the flag, we're moving toward the top. 3) Historically, autumn has shown upward movements. IMPORTANT! Always follow your risk management strategy. Don’t risk more than 5%....
Hey traders! The short scenario didn't work out, and we grew so fast that a huge gap formed in the futures market. So, most likely, we're going to close this gap, and then the growth will continue. Given that we're in the middle of summer and approaching August, I expect we will see further growth. However, we will also need more confirmations, such as a golden...
Heyyy traders! Here are some thoughts on Bitcoin: As we can see, it seems like we are forming a bearish flag 🥵. Additionally, the volumes are diverging, meaning they are falling while the price is growing. Another confirmation for a dip is that we didn’t see a buyer's reaction from the important level around 0.618, and the movement is really weak. So, most...