Btcsignals
#BTC LIQUIDATIONS COMING SOON !!!HELLO TRADERS ...
#BTCUSD has drop as we had sent predictions in our previous analysis on cup & Handle Shape based chart which is attached in comments
Dear traders weekly chart is showing us some rejection near weekly resistance which was last high of 2024 till now Iam still expecting some retracements and EFT will get some more selling pressure to help they buy cheaper BTC technically it is showing a rejection on broken support which was 42K$ a stronger $ can push the BTC more down to its new support zone lets see what markets bring to us. Friends its just a trade idea on base of technical analysis share Ur thoughts with us it help us alote
have look on Bull Trend analysis also in our profile zone tests also worked well from given levels till now but i am expecting more Drop if BTC does not hold above 44K next week.
Stay Tuned For more updates!
$BTC Daily updateCRYPTOCAP:BTC #BTC AMEX:GBTC outflows effecting #Bitcoin, $39,458 support came in effect, current 4h with potential bullish engulfing, Previous daily closed bearish, RSI on 4h and 1d close to oversold region, expect a reversal as AMEX:GBTC outflows cool down. $42,070 & $43,145 resistance to watch.
$BTC Daily updateCRYPTOCAP:BTC #BTC $46,623 support in effect, $47,232 resistance holding. Previous 4h closed very good, current 1D looking good, if followed thru on previous daily close expect $47,786-$48,080 test,
Bitcoin ETF hype already pretty visible throughout the market, Jan 10 deadline approaching shortly.
Next key resistances $48,644, $49,734, $50,579, $51,630, $52,932.
$BTC Daily UpdateCRYPTOCAP:BTC CRYPTOCAP:BTC Descending Triangle forming on 1D and 4H, let's see in what direction this breaks, $40,583 support in effect followed by a bearish engulfing on 4H, if 4h shoots closing above $42,070 the Descending Triangle will break bullish, previous daily close with bearish engulfing
$BTC Daily UpdateCRYPTOCAP:BTC #BTC dropped to $40,583 support Currently struggling at $41,577 support area. $43,145 support required to reattempt at $44,174 resistance. Bearish engulfing on last daily close, should avoid follow up today. Current key support $39,458, expect resistance at $42,070 & $43,145
BITCOIN still trading very similarly to 2016. Still missing out?We have published quite a handful of Bitcoin (BTCUSD) analyses that compare in detail the current Cycle with that of 2014 - 2017. A representative sample of such study is the one below that we made on July 31:
People were still in denial that BTC would extend the recover that started after the FTX crash but we analyzed in detail why we thought that was the case. As you can see the classification in phases helped a lot and turned out to be very accurate at least so far.
** Pre Halving caution? **
So what now? The price has come very close to the 0.786 Fibonacci retracement level, which on the week of June 13 2016 cause a strong rejection which in the next 7 weeks extended as low as the 0.5 Fib and the 1W MA50 (blue trend-line).
** Are we accelerating on this Cycle? **
However that was after that Cycle's Halving (no 2, week of July 04 2016) and at the moment we are roughly 18 weeks (126 days) before (the next) Halving 4. If the recent phase has been indeed accelerated by the ETF speculation, then we have already entered the last period before the true parabolic rally of the Bull Cycle, what you can see on the chart as the '0.786 to ATH' range, which was 37 weeks (259 days) from the 0.786 Fib High (June 13 2016) to the 1W candle that made a new All Time High (ATH) on February 27 2017. According to that model, we can expect prices above 65000 by August 19 2024 (notice that even the ATH is on Nov 08 2021, the Fibs were taken from the April 12 2021 High, the true Cycle Top based on the 1W RSI).
** The underlying RSI trend-line **
Speaking of the 1W RSI, on top of the previous, very accurate pattern, I have identified an underlying trend-line (dashed) which shows that after it made a fake-out break above it, the RSI pulled-back on the recent lows Support, where the price's 0.5 Fib and 1W M50 cluster was. You can use that as an additional indicator to accumulate more BTC before the ATH gets tested.
So what do you think? Will Bitcoin pull back that much before the Halving and the eventual ATH test or you think we are going straight to +65k? Feel free to let us know in the comments section below!
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$BTC Daily updateCRYPTOCAP:BTC #BTC as expected $43,145 support good, $43,868-$44,174 resistance range holding strong, RSI on 4h looking good, weak volume in last 12 hours, gaining $44,174 support will help reattempt at $44,860 resistance , $45,622-$45,876 next resistance range to watch the $46,623.
$BTCUSD History Repeats itself - LONGIn continuation of our recent analysis , we meticulously conducted a comprehensive examination of BITSTAMP:BTCUSD price action. Employing a multifaceted approach, we synthesized various data inputs and discerned nuanced market conditions.
Our analysis delved into the historical 4-hour timeframe, specifically referencing November 4th, 2015. It is essential to note that the historical data, when viewed through the lens of 'relativity,' provides invaluable insights. As time elapses and market volume evolves, price action exhibits variations. This relativity facilitates a meaningful comparison between the present asset conditions and historical benchmarks.
Currently , a robust Fibonacci retracement analysis reveals a noteworthy gap of +33.381% spanning from the support zone to a key resistance level at 47,214. Upon confirmation, an anticipated swift retracement is projected, targeting approximately -41.38% at ±28.316. This critical juncture is anticipated to mark the commencement of Phase 2 within the Bull Cycle, propelling BTC price action to unprecedented heights.