As of May 23, 2024, Bitcoin (BTC/USDT) is experiencing some notable movements on the daily chart. Here's an in-depth technical analysis to provide insights into the current market conditions and potential future price actions.
Price Action and Key Levels
Current Price: $69,265.99 (down by 1.26% today)
Resistance Levels:
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Welcome to the getting started page dedicated to my automated trading strategy Cyatophilum Bands, which is in continuous development.The strategy principle is to identify consolidation areas, catch breakouts and ride the trend as long as possible.Trade examplesBreakout from Tight ConsolidationPrice consolidates within a narrow range and identifies the breakout point.False B ...
Dear TradingViewers, here is my analysis on Bitcoin daily chart.Fundamentaly, the halving happened a few days ago, and as history shows the bull runs began way after the halving day. We could heard in French media that the price will be "halved". Maybe they were right !No, of course, the real definition is the block rewards being divided by 2, which is a bad news for miners which are seein ...
What if instead of buying a stock, crypto, currency only once and holding until we are in profit, we split our strategy capital and buy several times, until the total is in profit ? Yes, that is DCA you’d say. Ok, but what if instead of buying at predetermined intervals, we bought at oversold RSI, or on a double bottom, for example ? That’s ...
Let's start on the weekly and daily charts:The weekly shows an ascending wedge.A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside.Trading volume and RSI are also decreasing.=> The sentiment is bearish on the weekly timeframe.On the daily, we are seeing consolidation areas. The current area might be broken to either side, knowing the previ ...
Hi guys, I've been thinking of how to make useful ideas, and here's what I came up with.I will be watching useful coins in the top 100, starting with a high timeframe analysis and then continuing on the intraday regularly.Let's start with Bitcoin, the most popular digital currency, which offers to be your own bank, with a limited supply of 21 millions.On the weekly chart from above, we clearly are ...