ForexCollege

🚀 Bitcoin Price Action Update 🧑‍💻I was asked for my thoughts on Bitcoin with the USA embracing crypto. Here's my technical analysis:📈 Current Outlook:Bitcoin is trading strong bullish above a rising trendline. You can see my bullish anticipation on the chart.⚖️ Balanced Perspective:As an insight provider, I avoid locking into one bias. Markets fluctuate, and probabilities matter. An alternative scenario could see Bitcoin range between horizontal Resistance and Support, or even break the rising trendline.⏰ My Trading Approach:I enter trades on lower timeframes for precision, but I rely on daily and sometimes weekly timeframes to confirm major trend directions.What's your take? Share your thoughts below! 👇#CryptoAnalysis #Bitcoin #PriceAction #TechnicalAnalysis

Weekly Analysis UpdateLooking ahead for the year, the weekly timeframe shows that price remains within a long-term uptrend channel using speedlines. I’ll be shifting to lower timeframes to identify trade opportunities, applying both my trend-following and counter-trend strategies. To maximize returns, I’ll incorporate my profit-enhancing techniques.Always consider all possible moves the price can make and focus on trading the one with the highest probability of success. Patience and precision are key to staying ahead in the markets.Stay tuned for updates as opportunities unfold!

Bitcoin Technical Analysis: Projected Channel ResistanceI’ve identified a projected channel line that could serve as resistance if the current level breaks. Here’s the strategy:Resistance Breakout: A breakout above the current resistance could lead to an upward movement, guided by the channel height.Pullback Alert: If the breakout doesn’t happen, I’ll watch the support line closely for candlestick momentum signals, which will help assess if a pullback is temporary or a reversal.Watch for breakout confirmation or momentum shifts to decide your next move. Stay prepared for both outcomes!Channels continue to demonstrate their reliability, as seen in how the channel line acted as resistance. Following the price drop, the uptrend line provided support, holding firm for now. While I was optimistic about a stronger rally, this instrument remains a key focus and will definitely stay on my radar.

Will today be the 100k level after the price bounced of a Fibonacci Retracement Level? Only time will reveal the secret.Happy trading!!

Here we have 100k insight. What do you think, are demand and the bulls strong enough to push prices above 100k still this year?

Bitcoin is forming a Head and Shoulders reversal pattern, signaling potential bearish momentum. If bears hold strong, a break below the neckline could lead to a 60,000 pip drop. This would align with the pattern’s price projection, indicating a deep correction.However, if the price holds above the neckline, we will consider a buy position, especially if candlestick patterns on lower timeframes confirm bullish momentum.Bearish Target: 60,000 pips drop.Bullish Outlook: Long entry if the neckline holds.Stay alert to price action and key levels for confirmation.price obeyed the neckline and the sentiment remained bullish with a buy trade followed by a manual trailing stop-loss

My bias is bearish and I do anticipate more seller to join. Will keep this om my watchlist. As a trader I always consider all possible move the price might take, and then select the move with the highest probability to succeed as my strong setup. Entries are normally on lower timeframes and I look at 1H/4H timeframe for signal generations using trendlines, combined with candlestick and price patterns.Buy trade played out well. By conditioning your brain to consider all possible moves the price can make gives you an edge in trading.

Get ready to groove with this trading insight! Picture this: the market's in the midst of a tantalizing dance, swaying within the rhythm of a tentative reversal pattern. But hey, as a savvy trader, I'm not just here for the main beat—I'm vibing with all the potential moves this price could make.Now, if support decides to take a little breather and breaks, I'm strutting right into a short trade. After all, with the price flirting near its all-time high, I'm sensing some bearish vibes creeping in on those lower timeframes.But hold up, there's another groove to bust out: the triangle pattern. If that shows up, I'm not missing a beat—I'll be riding that wave for some sweet continuation action.But hey, let's keep it real: this analysis isn't set in stone. It's like jazz, always improvising, always evolving. So, fellow traders, take note: this insight's here to help you jam out your independent investment decisions. Let's make some funky moves on those charts! 🎶first a false breakout-down below support, false breakouts are a reality in trading. After the false breakout the bulls flexed their muscles and pushed the price to breakout-up above down trendline followed by a pullback to breakout-up line creating a great buy opportunity

Hey, fellow trader! So, dig this funky chart vibe we got going on here. You see that tentative head and shoulder pattern starting to wiggle its way into the mix? Could it be hinting at a bearish drop? Who knows, man, but we're here to ride the waves regardless!Now, as traders, we're all about keeping our cool and considering every possible move the price might bust out. Right now, the trend's still giving us good vibes (for now, that is), so I'm all about catching those bounces off the neckline like catching the perfect wave, you know what I mean? Or hey, maybe we groove with it as a triangle pattern, drawing a smooth line between the Head and Right Shoulder.If I start feeling that bearish momentum gaining steam before we even hit that neckline, I ain't afraid to get down and dirty with a Sell Stop just below it, or I might just hang loose and wait for that breakout-down, then snag a pullback testing that neckline. It's all about feeling the rhythm of the market and moving with it, man. Stay groovy and trade on!" 🌊📈I've labelled this as Bullish as there are no lower lows yet.The bullish momentum before the breakout-up from the triangle pattern was an indication that the uptrend might possibly continue, at least for now. From experience I've learned that a reversal pattern might be an early warning signal to help traders manage open position by taking profits or at least some profits of the table and adjusting stop-losses.Bias still bullish as price is trading at a level higher than the high on the left shoulder and trading above 61.8 Fibo retracement on the head to neckline bearish move.Will post a new update soon. Currently neutral on BTC

Price action Support and Resistance Speedlines are highly effective when draw correctly. You can see from the chart how the price keep obeying the speedline, and how candlestick reversal bouncing from a line gives a reliable signal, and how candlestick momentum increase before line break give a signal that the line breakout might happen. Add to the setup Fibonacci tool and you have a higher probability tool in your profit arsenal.If you would project the speedline to the earlier higher price hesitation candlestick high, you will see that the price is now trading at that projected speedline.Bulls took off like a wildfire. I anticipate a 75k and then possible move to 80k. Bullish trend is steep, and from experience traders knows that the bulls might not be able to keep up the pace.