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Bitcoin Plunges: Navigating the Cryptocurrency Market’s Bearish Trends

Entry: 0.4939 Why we like it: There is a pullback resistance level of 61.8% Fibonacci retracement. Stop loss: 0.5034 Why we like it: There is a pullback resistance level. Take profit: 0.4769 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage ('Vantage Global Limited', 'we') by a third-party provider ('Everest Fortune Group'). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute...

By NovaX
Updated 2 weeks ago
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Bitcoin Plummets: Navigating the Bearish Drop in Cryptocurrency Markets

Entry: 140.47 Why we like it: There is a pullback resistance level which lines up with the 23.6% Fibonacci retracement. Stop loss: 151.74 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Take profit: 120.66 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or...

By NovaX
Updated 2 weeks ago
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Bitcoin Price Analysis: Is BTC/USD Trading at a Discount?

TCUSD Trading Idea Today, BTCUSD is trading around $67,600. In the short term, we've seen this pair drop over $1,800, losing about 2.61% for the day. Observing the market, it appears that BTCUSD is forming a double top pattern, as we've analyzed. If this pattern continues, there’s a strong possibility that BTCUSD could retest the support level at $62,000. What do you think about BTCUSD's current movement? Share your thoughts in the comments below!

By NovaX
Updated 3 weeks ago
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Ethereum Price Forecast: Expert Analysis and Insights for ETH/USD (29th April 2024)

ETHUSD Analysis The 4-hour timeframe for ETHUSD shows a bullish Change of Character following a significant retracement. This has led to the formation of a new bullish FVG on the 4-hour chart. Ideally, the price would retrace to the 3282 level to test the minor resistance it broke out of on the 4-hour chart. Confirmation signals on the 15-minute or 5-minute timeframe would validate a potential upward move, aligning with the formation of the bullish FVG. In the event that price action turns bearish and closes below 3074, I would consider looking for selling opportunities using the break and retest strategy. A confirmation...

By NovaX
Updated 2 months ago
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Ethereum Price Prediction: Anticipating a Downtrend as ETH/USD Faces Resistance

Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 3267.9. Taking into consideration the structure & trend analysis, I believe that the market will reach 3119.3 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!

By NovaX
Updated 2 months ago
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Ethereum Price Analysis: Unveiling Trends and Forecasts for ETH/USD Trading in 2021

ETHUSD Analysis On the 4 hour Timeframe, Price action is currently retracing into a FVG which created a Change of character before attempting to break a lower low and failing. If price action respects the FVG or the OB on the 4 hour timeframe and create a change of character at the 3021.30 Level price action is more than likely to break and retest that level to continue lower taking out the sell slide liquidity Below. However, if price action decides to break aggressively above the 3279 level, there is a high chance price action will pump towards the 3550 Level. Keep a...

By NovaX
Updated 2 months ago
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Bitcoin Halving: Catalyst for BTC’s Surge to New Heights

Bitcoin Halving Impact An event highly anticipated by the cryptocurrency community is the Bitcoin halving, which is expected to mark the beginning of the next market cycle. Recent market dynamics have been quite tumultuous, with various factors such as outflows from exchange-traded funds (ETFs) and geopolitical tensions in the Middle East, particularly between Iran and Israel, causing significant unease among traders. However, there seems to be a potential positive development in the market following statements from Iranian authorities suggesting that no retaliatory actions are planned in response to an Israeli strike on Friday.

By NovaX
Updated 2 months ago
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