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Ilyas64184089
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updated chart of
#BTCAnalysi
please check and trade accordingly
#HotTrends
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#BITCOIN WEEKLY TF UPDATE : #BITCOIN on Weekly TF, perfectly rejected from the draw area (Potential Area) lower and we can see a very strong rejection from here. Price again back towards the resistance and also faking sell-offs. Now, its time to look for a closing in weekly and then anticipate the next move in the market. $BTC
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#BTC/USDT ANALYSIS Bitcoin is consolidating within an ascending triangle on the weekly timeframe. Currently, It is rebounding from the triangle's support trendline, and the Ichimoku cloud indicates bullish momentum. However, the 21-day moving average is acting as resistance above the current price action. A solid breakout above the triangle is needed to anticipate a new peak for BTC.
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#TOTAL MARKET CAP ANALYSIS The total cryptocurrency market cap is rebounding from the channel's support trendline. The Ichimoku Cloud serves as resistance above the current price action. A breakout above both the Ichimoku Cloud and the channel's resistance trendline would provide strong bullish confirmation for the crypto market.
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Here's the Analysis of #JTO : #JTO is been broke the large channel pattern and made a flip to the upside of that flip area around $$2.56. Currently, price is again falling back to the zone and will act as support but it will be risky to get into it.
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The Bitcoin Golden Ratio Multiplier 📊 The Bitcoin Golden Ratio Multiplier uses multiples of the 350-day moving average (350DMA) to identify potential resistance levels in Bitcoin's market cycles. These multiples, based on the Golden Ratio and Fibonacci sequence, have historically marked significant price highs and lows. 🔍 Recently, Bitcoin tested the 350DMA (yellow line) support during the correction, indicating it's still within the expected range. The market is not yet near the x2 multiple (red line), suggesting potential for further growth before encountering major resistance but only after we confirm the bullish trend while keeping the price above the ATH 📈 #trading_tips $BTC
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