Bitcoin is marginally bearish on its 1D technical outlook (RSI = 44.917, MACD = -782.200, ADX = 41.331) but neutral on both 1H and 4H, as it is close to conclude a Falling Wedge. Today the price held the 1H MA50 for the first time after a test of the pattern's top, which increases the chances of a bullish break out. Buy only if the break out happens and target the 2.0 Fibonacci extension (TP = 105,500), which happens to be just under the R1 level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
very important level for GOLD, Please pay special attention to the colored levels. >>>>>>>>>>>>>>>>>>> very sensitive
Analysis : The Bitcoin price structure currently presents a particularly interesting technical configuration. Following the confirmation of the trend change last week, we observe a significant compression phase between clearly defined order block levels, which act as support and resistance. Key Technical Points : -Formation of a compression structure above the OTE (Optimal Trade Entry) zone, suggesting progressive accumulation. -Price compression between order blocks defining a range with liquidity to the North/South. -Price manipulation in these zones indicates probable order collection in areas of interest (OTE) before a significant directional movement. Favourable Global Context : -Macroeconomic environment conducive to digital asset appreciation (USA/Trump) -Geopolitical factors supporting the investment thesis (negotiations/"peace agreements" for various conflicts worldwide) -Convergence of technical indicators suggesting bullish potential Key Price Levels to Monitor : Main Support: OTE Zone ~95,000$ Immediate Resistance: Upper OB ~98,500$ Potential Target: 102,000$ (historical resistance level) Conclusion : A progressive accumulation approach in current support zones could prove relevant (News), with clearly defined stops below the OTE zone. The validation of this hypothesis would require a clear breakout above the upper OBs, thus confirming the resumption of bullish momentum.
Concerns about overseas sales and tariffs add to the company's disappointing fourth-quarter results reported last Wednesday. Tesla reported earnings of 73 cents per share, below analysts' expectations of 76 cents, and revenue of $25.71 billion versus the $27.26 billion expected. Revenue fell 8% compared to the same quarter last year. In addition, the looming application of tariffs on China and Canada (Mexico has a one-month extension) is spooking investors. In a recent earnings call with analysts, Musk acknowledged that while Tesla has tried to localize its supply chain, it still relies heavily on parts from around the world for all of its operations. “Therefore, the imposition of tariffs, which is very likely, will have an impact on our business and profitability,” he stated. Canada is a key supplier of auto parts, as is China. And Canadian officials are specifically focusing some of their discontent with Trump's tariffs on Musk. On Monday, Premier Doug Ford announced that Ontario would cancel a $100 million contract with Starlink, which is part of Musk's company SpaceX. In other words, MUSK is one of the TARGETS that ARE going to be punished FOR THE US TARGETS. ----------------------------------------------------------- --> How far could the price fall? At the moment the technical aspect is bullish (Bull) in the medium-long term, but in the short term it is bearish (Bear), so WE HAVE TO WAIT to enter long. Today it has reached the first important support zone, we are talking about the 350.63 zone, which also coincides with a Fibonacci retracement of almost 50%. If the zone respects it and the MOMENTUM and STRENGTH in H4 turn bullish (Bull), it will be a good time to enter long positions in TESLA again. --> KEY SUPPORTS 1) 350.63 (Key support in Daily time frame) 2) 355 (50% Fibonacci) 3) 314 (Key support in Weekly time frame) 4) 300 (61.8% Fibonacci) ------------------------------------------------------------ --> When the chart gives us the first bullish warning (Bull) in time frame, I will publish a new analysis indicating the entry SET UP.
Both sweeps played out locally, tagging the supply zone at the top of value area first, then taking out the demand orderblock we left behind after last weeks pump on Monday. Ideally you just position in both of these; what I do is close half the short position when the long gets filled, then also take profit on the long at first logical area, let either get stopped out in favor of the other. In any case, with all internal sweeps done, we are looking at the single prints to tp longs or range value area low to tp shorts and get into new longs.
3 trades with one setup. BTC always rewards the patient. I was waiting for that zone since last week. 95k area. Good for bounce.
Technical analysis on bitcoin. Seeing a bullish opportunity on bitcoin to the upside within that Chanell.
Possible set up for tomorrow morning, pushing further down onto the Weekly bullish order block
With the top and bottom lines of the Bollinger Band turning inward is indicating that the price is entering a contraction/consolidating pattern. The weekly Bollinger Band midline is in a downward direction suggesting that underlying trend is down. When the contraction pattern ends, the price will move in the direction of the midline of the Bollinger Band. What to look for is the top and bottom lines of the BB to expand and turn in opposite directions. Apparently, a double beat with earnings and revenues is not enough for the bulls to take interest. and move prices up. This one needs a little time. This is my idea and not intended to be a recommendation to buy or sell any security.
Hallo, This is my Bitcoin Elliott Wave ANalyse. Have fun.