Market Overview: Bitcoin Bitcoin reaching the $100,000 mark is a groundbreaking milestone, a testament to the crypto asset’s transformative influence on the financial landscape. This psychologically significant level may attract profit-taking activity and expect resistance to continue higher. However, we’ve witnessed a scenario in 2017 where Bitcoin broke above the awaited $10,000 mark without resistance […]
Weekly Crude Oil Bear Entry Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil bear entry bar testing near the October 29 low. The bears must create follow-through selling to increase the odds of a retest and breakout below the triangle. The bulls want the October low or the bottom of the triangle to act as support. […]
Bitcoin the latest bull run towards $100000
Market Overview: Bitcoin Bitcoin continues to captivate markets, breaking out of a prolonged six-month trading range. This upward movement trades uncharted territories on the upside, leaving prior downside levels increasingly unlikely to be revisited. Historically, Bitcoin has experienced near 80% drops, suggesting that if the price reaches the $100,000 milestone—a plausible event—it may never fall […]
Bitcoin hits new all-time high of $77300
Market Overview: Bitcoin This week, Bitcoin hit a new all-time high, surpassing the previous peak set on March 14, 2024, after trading below it for several months. Since then, a test of this high has been anticipated, fueled by the strong bull breakout that began early in 2024. Our reports have consistently emphasized the likelihood […]
Bitcoin October bar traded near all-time high
Market Overview: Bitcoin This week, the October monthly bar closed with a bull bar that nearly reached Bitcoin’s previous all-time high. The monthly close, positioned above September’s high, suggests that November or December may bring a renewed attempt to test October’s high. Reflecting on the year so far, Bitcoin has largely moved within a trading […]
Bitcoin bulls did not buy past week’s strong bull near 70k
Market Overview: Bitcoin In the weekly chart of Bitcoin, the price action is oscillating within a trading range as it approaches key upper magnets, with the potential to test the all-time high soon. On the daily chart, last week’s breakout points served as support, and a bull flag was formed. This week, Bitcoin has been […]
Bitcoin strong bull bar testing $70000
Market Overview: Bitcoin In the Bitcoin’s weekly chart, the price is fluctuating within a trading range but is approaching upper magnets and may test the all-time high soon. On the daily chart, a breakout above prior resistance levels suggests increasing bullish momentum, but with a significant Wedge Top looming, we will assess the likelihood of […]
Bitcoin weekly limit order Trading Range testing $65000
Market Overview: Bitcoin Bitcoin‘s weekly chart is currently exhibiting a lack of momentum, much to the dismay of traders who anticipate a test of the all-time high in the near future. The market is stuck in a limit order trading range. Following a strong bull breakout earlier, a wedge bottom pattern continues to influence its […]
Bitcoin bear reaction at $65000
Market Overview Bitcoin: This past Monday marked the close of September and the beginning of a fresh trading month. As we transition into October, traders are reflecting on the monthly and weekly charts, assessing whether the current price action signals the continuation of a bull trend market cycle or a trading range. The monthly price […]
Bitcoin trigger a setup on the buy side
Market Overview: Bitcoin Bitcoin is approaching the close of its September monthly candlestick, a crucial moment for traders. Looking back at the August candlestick, the Trader’s Equation seemed favoring a bullish scenario, where buying the close would target at least a retest of Bitcoin’s all-time high. So far, September has mostly supported this outlook, with […]
