Category: Technical analysis

▫️#BTC (daily chart). The price action of the asset has been consolidating within a Symmetrical Triangle for 11 days now. I believe a breakout is imminent. At the time of writing, the…

▫️#BTC (four-hour timeframe). Bitcoin continues its consolidation within the Symmetrical Triangle pattern. Yesterday, the asset broke above the upper boundary of the figure; however, sellers quickly brought the instrument back within the…

Introduction: In today’s daily market overview, we delve into the dynamic movements of the cryptocurrency market on February 5th. Bitcoin’s recent rebound, Ethereum’s recovery, and notable developments with Bitcoin ETFs from major…

▫️#BTC (three-hour timeframe). Bitcoin’s attempts to overcome the upper boundary of the Symmetrical Triangle were not successful. The price dropped to an important trading level around $42,700. At the same time, the…

▫️ BTC (4-hour chart): After breaking out of the descending channel, Bitcoin’s price movement is occurring within the framework of a Symmetrical Triangle. Currently, the price has again approached the upper boundary…

▫️#BTC (4-hour chart). Bitcoin continued its upward trend without the expected pullback. The asset managed to consolidate above the 4H Exponential Moving Average (EMA) 200, ensuring a renewed assault on the resistance…

▫️#BTC (daily timeframe). Bitcoin continues to trade below the resistance level of $42,700. However, trading volumes on the price increase are decreasing, signaling a decrease in buying pressure. Therefore, in the near…

▫️#BTC (4-hour chart). Buyer activation at $41,390 canceled the scenario of a deep Bitcoin retracement. The instrument managed to break through the upper boundary of the descending channel, which could be the…

▫️#BTC (three-hour timeframe). As anticipated in the recent reviews, Bitcoin executed an upward impulse towards the upper boundary of the trading channel. After reaching the $42,000 mark, the initiative shifted to the…

▫️#BTC (four-hour chart). Buyers continue to hold the asset above the $39,500 mark, corresponding to the Point of Control (POC) of the $29,500 – $65,500 range. Bitcoin has approached the middle of…

▫️#BTC (daily timeframe): Bitcoin encountered selling pressure upon reaching the $40,500 trading level. Buyers stepped in as the asset declined to $39,500. The Volume Balance Line returned above the Exponential Moving Average…

#BTC (Weekly Chart): Today, let’s explore potential price movement scenarios on the higher timeframe. Yesterday, Bitcoin tested the level with maximum trading activity (Point of Control – POC) within the range of…

▫️#BTC (four-hour timeframe): Bitcoin dropped to the lower boundary of the descending channel around $39,500—the area of the expected rebound. As a result, the asset closed the gap on the CME formed…

▫️#BTC (daily chart). Bitcoin failed to break the exponential moving average EMA 50 D ($42,000). The asset descended to the middle of the local descending channel. If buyer pressure doesn’t increase, the…

#BTC (two-hour timeframe). Bitcoin continues to move sideways below the resistance trendline. At the same time, the On-Balance Volume indicator values are held above the Exponential Moving Average (EMA) 21. This means…

#BTC (4-hour chart). A bullish divergence has formed in the RSI indicator concerning price movement, and it has started to play out. As the asset approaches the trendline resistance, Bitcoin sales intensify….

#BTC (Daily Timeframe): The idea of an upward impulse for the asset proved to be incorrect. Bitcoin failed to overcome the trend resistance, leading buyers to lose the POC mark ($42,800), resulting…

#BTC fell short of the anticipated $41,600 mark, with buyer pressure strengthening around $42,150. The asset rebounded above the $42,800 trading level, now corresponding to the maximum trading activity within the $40,500…

#BTC (4-Hour Chart): Bitcoin’s upward momentum faced resistance around the anticipated Point of Control (POC) at $43,900. The exponential moving average (EMA) 50 at $43,600 halted the asset’s ascent. With buyers losing…