Past Performance of Bitcoin Earlier today, Bitcoin broke above the recent consolidation, reaching Q1 2023 highs of around $29.1k. The leg up was in confirmation of yesterday's rejection of bears, a net positive for optimistic bulls. As it is, traders can search for entries on every attempt lower towards March 29 lows with targets at $30k and $32k. #Bitcoin...
Past Performance of ETHBTC Ethereum is technically bullish versus BTC, especially if the price action of H2 2022 leads. Presently, Bitcoin prices appear firm but inside a descending wedge, that is, a bull flag. The primary support is at 0.070 BTC, while the resistance is 0.075 BTC. #ETHBTC Technical Analysis ETH buyers are in control, per the formation in the...
Past Performance of ETHBTC ETH bulls are in the driving seat when writing, reading from the formation in the daily chart. For context, ETH has outperformed BTC in the last two months, adding an impressive 65 percent. Although ETH is currently down, prices are above the dynamic support line, which is the middle BB, and if they press on, they would likely reclaim...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Let us start looking at the data starting from July 21, 2021, we are able to notice that the market is moving in phases, The first phase start on July 21 and ended on...
Bitcoin Update 08/11/21: BTC is Breaking Out, Road to $74k is clear from here, we are currently 12% gain away from the $74k target at the 127.20% fibs. Please see previous analysis below. Happy Trading :) Bitcoin Update 19/10/21: Bitcoin is currently 0.82% away from the previous ATH set in May, our next price target is at the 127.20% fibs @ $74k. Please see...
Will Oct be the start of yet another leg down in the entire crypto market? Can BTC break below 20K GET READY FOR A RETEST THAT WILL SHOCK THE CRYPTO COMMUNITY SAYS BITCOIN GORILLA🦍, Today 6th oct BTC is encountering a big phase that could affect the upward move recovery/ My analysis has been pointing 20k since April 1st, and I am still 100% standing on that...
The Bitcoin Bulls are Back! After setting a new ATH @ $64,841 in April, Bitcoin experienced its the first major sell (some may say manipulated) off in this Bull Run Cycle (-50% from the top). We have been closely watching the BTC chart for a strong trend reversal signal. From the ATH @ $64,841, Bitcoin formed a triple bottom in the $28-30k region, the last bottom...
Update 29/03/21 Bitcoin next Target @ $66,953 21% Gain Nice bounce from the whale accumulation zone at the 78.60% Fibonacci Level. Looks like the BTC Bulls are back in the market. See previous analysis below. BTC Monthly Outlook Update (23/03/2021) Approaching Whale Accumulation Zone at the 78.60% Fibonacci level @ $52,371. Interesting next few days from here...
I'm expecting BTC to complete a 535 correction back up towards $58-$59K. Stronger downside should continue afterwards. Bears are currently in control for the short term (days). LONG SCALP Within a zig-zag, the following rules apply: Wave A - can be impulsive or diagonal (in this case it was a diagonal). Wave B - can be any 3 wave corrective pattern (in this case...
On the BTC 4hr charts, it appears we have matured into a descending wedge with at least a rising wedge and a symmetrical triangle contained with. The 4hr time frame seems to be on track to extend the bullish hidden divergence further too. With the Fib Retracements from the swing low of the last consolidation bottom and the all-time high, ironically, $42k is not...
Small charts under 1D have been extremely choppy which has made for a ton of liquidations on both sides of the market. I myself included. Thank heavens for risk management and stop losses. Zooming out to the 1D chart, we can see a much clear picture and pattern at play. The previous Leading Diagonal formation which I was expecting to play out, unfortunately...
Misaligned fib tool on my last call for top at $36.1 $36.3 was truly the top. Like Al Pacino said, "life's a game of inches". That's also what 'she' said. Prepare for the drop and bounce from around the $27K area.
BItcoin Bears will regain momentum from here and force the market down toward $30K ; very likely we will break down below it but only for a limited time. According to Elliott Fibonacci , we're currently in Wave 3 of the 3rd Wave of the final 5th wave down, for Wave Cycle 1 . Link up with me here: www.tradingview.com
Bitcoin Bulls have successfully kicked 11700 as** like its no mans business but then it looks stuck or should I say trapped? with the bears growing in strength with each bear trend bar, bears are trying to force a pullback to below 11k zone possibly I see the 10800 to 10500 zone just where price broke out from the pennant earlier. Thanks for reading, Liking,...
Hey AQZ Traders!!! We have a Daily Violated Engulfing and that qualifies for a Daily AQZ setup... Look for a bounce at Daily Violation Line(9447 per chart) If you don't get the reaction you want there, look at preferred entry (9377-9346) Much love and God Bless!!!
An inverted head and shoulders near $199 will come much to late for Bitcoin cultists.
Anyone here looking to trade bitccoin needs to make shure they are prepared for the the incoming gains. we spent alot of time in the oversold portion of the stoch rsi. we also see that we produced a technical double bottom in the price and the RSI. that's insane! there are two points where we are seeing divergence, the stock rsi and the cci. this tells me that...
The fight upwards is still in play however the play downward is always an option too lol. If BItcoin were to really make a spike upwards, I think it'd look a little something like this. With multiple level of resistance to pass, this could very well be a long journey up to The Big Battle at 10.5K. Here is where I think we will see what BItcoin's winter will really...