Bitcoin (BTCUSD) quickly invalidated the Crypto Reserve rally by Trump and finds itself again on the 1D MA200 (orange trend-line) for the 2nd time in 5 days and 3rd since October 14 2024. The key technically development that we should concentrate at is the failure to break above the 1D MA50 (blue trend-line) during Sunday's rally, as it is the level the price was being rejected throughout the whole February.
Until BTC breaks and closes above the 1D MA50, we can't expect a justifiable recovery. We are also on the 0.382 Fibonacci retracement level from the August 05 2024 Low. The last time the price was trading on those parameters was in late August 2023. More specifically, yesterday's 1D MA50 rejection resembles the August 29 2023 one, which came after a vastly oversold 1D RSI on August 18 2023, similar to the oversold RSI of February 26 (last Wednesday).
During this price action, it took Bitcoin exactly 1 month from the RSI bottom to break again above its 1D MA50, starting a rally that initially broke marginally above the -0.5 Fibonacci extension before a new 1D MA50 pull-back.
As you can see, the similarities between the two main phases of since the 2022 bottom are striking. Both started on a Channel Down and after the first Higher Lows formation, formed the Channel Up that was confirmed upon a 1D Golden Cross. It has to be highlighted that the 1W MA50 (red trend-line) has been holding since March 14 2023, it even supported during the August 2023 bottom formation and provided a massive bounce on the August 05 2024 low. With the 1W MA50 currently at 75070 and rising, it is natural to assume that it is the ultimate Support level.
Fib target levels based on previous 2017, 2021 and 2025 peaks with a speculative price discovery , trial based or government based price action blow off top. Can it happen??? Hell Yeah!! #LFG BUY BUY BUY all
Amid the ongoing price volatility on the cryptocurrency market, Bitcoin (BTC) has had its fair share of fluctuations. The leading digital asset has traded between $100,238.19 and $105,730.82 in the past 24 hours. This has prompted Ki Young Ju, CEO of CryptoQuant, to issue a significant warning to investors. $BTC $ETH $TRUMP #VVVonBinance #btc #DeepSeekImpact #MicroStrategyAcquiresBTC Target 105310
Soon, the price broke this level and continued to move up next. So, I think that Gold will make a small move up and then drop to the support level. That's why I set my TP at 2725 level. Please share this idea with your friends and click Boost 🚀
ongoing gains achieved through Bitcoin trading or investment. This term is often used to describe the real-time accumulation of earnings as market conditions favor profitable trades. Traders and investors aim to maximize their running profits by leveraging market analysis, timing
Traders. This is Richard, also known as theSignalyst.
📌 According to our last analysis (attached on the chart), XRP has reached our $3 target.
What’s next?
🏹As long as the all-time structure marked in green and the $3 round number hold, the bulls will remain in control, potentially pushing towards the upper bound of the red channel around $4.
📚 Always follow your trading plan regarding entry, risk management, and trade management. #Xrp🔥🔥 #btc #BTC走势分析
Hey guys I am here to share you one of the best BTCUSD setup, so do not forget to share your opinion about my chart. Kindly follow me and boost my charts for best BTCUSD setup. BTCUSD is now currently running at 102300, Let me tell you that BTCUSD is at a major support area now because this was a resistance first and it is working as a major support area. BTCUSD has finally break the 102000 and now it has come back to retest it. According to me it will bounce back will reach to the next resistance area that i have mentioned as first target and second target. BTCUSD is now going to reach the all time high once again. BTCUSD first resistance is 105000 and if it break this area then will reach to the next target as well that is 108000.. KEYPOINTS: ENTRY 102300 1st TARGET 105000 2nd TARGET 108000 CANCEL TRADE 100000
Hey guys I am here to share you one of the best BTCUSD setup, so do not forget to share your opinion about my chart. Kindly follow me and boost my charts for best BTCUSD setup. BTCUSD is now currently running at 102300, Let me tell you that BTCUSD is at a major support area now because this was a resistance first and it is working as a major support area. BTCUSD has finally break the 102000 and now it has come back to retest it. According to me it will bounce back will reach to the next resistance area that i have mentioned as first target and second target. BTCUSD is now going to reach the all time high once again. BTCUSD first resistance is 105000 and if it break this area then will reach to the next target as well that is 108000.. KEYPOINTS: ENTRY 102300 1st TARGET 105000 2nd TARGET 108000 CANCEL TRADE 100000