Afridiyam_cyrypto
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📌 - Bitcoin Analysis
4H Timeframe
And there we go, Bitcoin is breaking down from its support level, exactly as i outlined in yesterday's outlook.
The bearish divergence is in play and the target is still a bit lower from here.
So, we should see price head lower from here, but a bearish retest on to its previous support level is probable as well.
#BTC
4H Timeframe
And there we go, Bitcoin is breaking down from its support level, exactly as i outlined in yesterday's outlook.
The bearish divergence is in play and the target is still a bit lower from here.
So, we should see price head lower from here, but a bearish retest on to its previous support level is probable as well.
#BTC
Bitcoin - ETF Flow
Although Bitcoin is currently in a bear market, with geopolitical uncertainty adding more risk to it, BTC ETF issuers have been buying massive amount of Bitcoin.
In just the past 8 days, $2 billion worth of BTC have been bought by ETF giants like IBIT and ARKB.
This is probably the main reason why BTC is currently outperforming the S&P 500 since the US-Iran war broke out.
#BTC
Although Bitcoin is currently in a bear market, with geopolitical uncertainty adding more risk to it, BTC ETF issuers have been buying massive amount of Bitcoin.
In just the past 8 days, $2 billion worth of BTC have been bought by ETF giants like IBIT and ARKB.
This is probably the main reason why BTC is currently outperforming the S&P 500 since the US-Iran war broke out.
#BTC
📌 - Bitcoin Analysis
4H Timeframe
Price is slowly compressing further into the lower part of the bullish channel, because of that, the 0,618 fibonacci level has been out of the picture.
From here, it's a make or break it kind of situation, either BTC can continue higher or break below the bullish trendline.
#BTC
4H Timeframe
Price is slowly compressing further into the lower part of the bullish channel, because of that, the 0,618 fibonacci level has been out of the picture.
From here, it's a make or break it kind of situation, either BTC can continue higher or break below the bullish trendline.
#BTC
📌 - Bitcoin Analysis
4H Timeframe
The local top has been formed, so now i can mark additional key levels with the fibonacci retracement tool.
The purple FVG i marked coincides with the 0,618 golden ratio and is also at the edge of the lower part of the bullish channel.
3 bullish confluence into one, really high probability.
#BTC
4H Timeframe
The local top has been formed, so now i can mark additional key levels with the fibonacci retracement tool.
The purple FVG i marked coincides with the 0,618 golden ratio and is also at the edge of the lower part of the bullish channel.
3 bullish confluence into one, really high probability.
#BTC
📌 - Bitcoin Analysis
4H Timeframe
Unexpectedly, price broke through the resistance zone I marked and has continued to move along its bullish channel.
Now, with new level, the FVG is the next support level for BTC.
I'm not going to say where the local top will be as it'll be too much of a gamble, but one thing is for sure, that FVG is the closest support level for now.
#BTC
4H Timeframe
Unexpectedly, price broke through the resistance zone I marked and has continued to move along its bullish channel.
Now, with new level, the FVG is the next support level for BTC.
I'm not going to say where the local top will be as it'll be too much of a gamble, but one thing is for sure, that FVG is the closest support level for now.
#BTC
Gold - Analysis
Technical wise, gold is looking quite bearish.
It is not only rejecting its fibonacci 0,618 ratio, but there is also a bearish divergence forming right now.
Gold has been sensitive to conflicts and move in contrast, so there's a big chance gold is pricing in something that is yet to happen.
#XAU
Technical wise, gold is looking quite bearish.
It is not only rejecting its fibonacci 0,618 ratio, but there is also a bearish divergence forming right now.
Gold has been sensitive to conflicts and move in contrast, so there's a big chance gold is pricing in something that is yet to happen.
#XAU
📌 - Bitcoin Analysis
4H Timeframe
New price levels now, going back to the old bullish channel that is still holding on.
In my experience, bullish channel never sustain for too long or too far, because the market itself is not efficient and rarely moves according the traditional theories.
So, i think a breakdown is just around the corner, possibly from the current level, as it is retesting a resistance zone as well.
#BTC
4H Timeframe
New price levels now, going back to the old bullish channel that is still holding on.
In my experience, bullish channel never sustain for too long or too far, because the market itself is not efficient and rarely moves according the traditional theories.
So, i think a breakdown is just around the corner, possibly from the current level, as it is retesting a resistance zone as well.
#BTC
🔖 This is very interesting and unusual.
Despite Iran initially rejecting participation, we have news of JD Vance coming to Pakistan.
It’s possible they’ve convinced Iran to enter a second round of negotiations.
I’d say the next 1–2 days are very crucial for the markets as the ceasefire deadline approaches.
#BTC
Despite Iran initially rejecting participation, we have news of JD Vance coming to Pakistan.
It’s possible they’ve convinced Iran to enter a second round of negotiations.
I’d say the next 1–2 days are very crucial for the markets as the ceasefire deadline approaches.
#BTC
📌 - Bitcoin Analysis
4H Timeframe
And poof, down it goes.
Bitcoin formed it's local top last night, playing out the bearish divergence against the Stochastic.
The timing is just right, with the new information that the Hormuz strait is being closed by Iran again.
From here, although price have reached the support zone, it's yet to show any bullish strength.
So, i think it's going to form a tiny retest and head lower again to the FVG.
#BTC
4H Timeframe
And poof, down it goes.
Bitcoin formed it's local top last night, playing out the bearish divergence against the Stochastic.
The timing is just right, with the new information that the Hormuz strait is being closed by Iran again.
From here, although price have reached the support zone, it's yet to show any bullish strength.
So, i think it's going to form a tiny retest and head lower again to the FVG.
#BTC
$ETH - Next Target
Ethereum is also moving very strong and has broke through its closest resistance level.
The next target, which aligns with not only fibonacci ratios, but also previous major low level sitting at around $2600-ish.
With the current impulsive trend it's in, that area should be reached easily.
#ETH
Ethereum is also moving very strong and has broke through its closest resistance level.
The next target, which aligns with not only fibonacci ratios, but also previous major low level sitting at around $2600-ish.
With the current impulsive trend it's in, that area should be reached easily.
#ETH
Bitcoin - What's Next?
Now, with a higher high and previous key levels being broken through, the structure has now changed.
The previous resistance zone has now turned into support.
However, a bearish divergence against the stochastic seems to be forming, so a local top might be just around the corner.
#BTC
Now, with a higher high and previous key levels being broken through, the structure has now changed.
The previous resistance zone has now turned into support.
However, a bearish divergence against the stochastic seems to be forming, so a local top might be just around the corner.
#BTC
📌 - Bitcoin Analysis
12H Timeframe
Bitcoin is still moving within its bullish channel.
The key thing that i want to highlight is how price matched the previous major top back in mid March.
It's hard to say whether price is going to climb higher sustainably or reverse back down from here.
To keep things simple, as long as price stays within both the bullish channel and resistance zone, the bias remains bullish.
#BTC
12H Timeframe
Bitcoin is still moving within its bullish channel.
The key thing that i want to highlight is how price matched the previous major top back in mid March.
It's hard to say whether price is going to climb higher sustainably or reverse back down from here.
To keep things simple, as long as price stays within both the bullish channel and resistance zone, the bias remains bullish.
#BTC
📌 - Bitcoin Analysis
4H Timeframe
The channel i mentioned in the last daily update turns out to be a rising wedge pattern.
That bearish pattern has played out, which breaks the short-term bullish trend.
Now, price is retesting back into its resistance zone, which is also where golden fibonacci ratios are lining up as well as a resistance.
There's a big chance price will head lower from here.
#BTC
4H Timeframe
The channel i mentioned in the last daily update turns out to be a rising wedge pattern.
That bearish pattern has played out, which breaks the short-term bullish trend.
Now, price is retesting back into its resistance zone, which is also where golden fibonacci ratios are lining up as well as a resistance.
There's a big chance price will head lower from here.
#BTC
The ceasefire talks have COLLAPSED.
JD Vance has returned to the U.S. after 20+ hours of talks.
This means the Strait of Hormuz remains a major issue, and oil will rise higher sooner.
Iran won’t open the Strait of Hormuz, and the U.S. may be forced to take action.
Monday is going to be catastrophic for markets, judging by the current conditions.
I’d say it’s a good time to fill your car tank.
#BTC
JD Vance has returned to the U.S. after 20+ hours of talks.
This means the Strait of Hormuz remains a major issue, and oil will rise higher sooner.
Iran won’t open the Strait of Hormuz, and the U.S. may be forced to take action.
Monday is going to be catastrophic for markets, judging by the current conditions.
I’d say it’s a good time to fill your car tank.
#BTC
📌 - Bitcoin Analysis
12H Timeframe
A new perspective on BTC.
Price has been climbing higher slowly, candle by candle. Although it seems like a bearish rising wedge pattern that could top any moment, this case seems to be the one where it just keeps on climbing higher and the wedge actually acts just as a bullish funnel.
Unless its proven otherwise, price should head a bit higher into the red resistance zone.
#BTC
12H Timeframe
A new perspective on BTC.
Price has been climbing higher slowly, candle by candle. Although it seems like a bearish rising wedge pattern that could top any moment, this case seems to be the one where it just keeps on climbing higher and the wedge actually acts just as a bullish funnel.
Unless its proven otherwise, price should head a bit higher into the red resistance zone.
#BTC
📈 $BTC DAILY UPDATE
4H Timeframe
Price is moving higher just as i expected.
However, it's looking quite weak, reflected by only candle wicks forming the higher high not strong body candles.
On top of that, there is a bearish divergence that has formed with price going higher, yet the Stochastic is trending lower.
So, it's hard for me to say, i believe price would climb higher, just slowly, yet at the same the risk for a local top to form, as shown by the bearish divergence, is big as well.
#BTC
4H Timeframe
Price is moving higher just as i expected.
However, it's looking quite weak, reflected by only candle wicks forming the higher high not strong body candles.
On top of that, there is a bearish divergence that has formed with price going higher, yet the Stochastic is trending lower.
So, it's hard for me to say, i believe price would climb higher, just slowly, yet at the same the risk for a local top to form, as shown by the bearish divergence, is big as well.
#BTC
📈 $BTC DAILY UPDATE
12H Timeframe
BTC is continuing the US-Iran ceasefire rally by respecting its latest bullish FVG, which is a marker of the bullish trend still going strong.
From here, price should head on a bit higher with the next resistance sitting at $73K.
The broader trend remains bearish, as we are in a bear market, but for now, things are looking very bullish short-term.
#BTC
12H Timeframe
BTC is continuing the US-Iran ceasefire rally by respecting its latest bullish FVG, which is a marker of the bullish trend still going strong.
From here, price should head on a bit higher with the next resistance sitting at $73K.
The broader trend remains bearish, as we are in a bear market, but for now, things are looking very bullish short-term.
#BTC
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