Hi friends! Welcome to this update analysis on Bitcoin! Today, we will be assessing the progression of the similarities of Bitcoin's current price action, compared to the bottoming formation that was produced in the bear market of 2015. So, without further ado, let's get right to it!
Looking at the daily BTC chart, we can see that Bitcoin is having a difficult...
Bitcoin to push more upside
Spotted Falling wedge breakout and price return back into possible symmetrical triangle pattern .
We are presently making a short term flag which should break upside soon.
I will advice you guys to hold your position firm as we got BTC cheaper from our previous post.
Love you all.
It will be good to always understand risk...
Bitcoin update: Price continues to hold up and is now taking out the minor bearish trend line that has been in place over the previous week. It is nothing to get overly excited about, BUT it does add to the argument in terms of further strength. This entire space is not exciting enough to attract a constant flow of new money, so it needs surprise news or catalysts...
Bitcoin (XBT) Has been trading above EMA200 for the longest time since September 2018.
Each time Bitcoin broke above this resistance level, which is marked with an orange line on the chart above, it was quickly rejected and price felt back down. This time around, EMA200 has been holding nicely as support rather than resistance.
XBT Needs to break $3659 before it...
Large Money Flow out the S+P 500 ,
as price has rallied towards 2800 Major Resistance
leaves the stock market at significant risk !
As presented here for the first time,
the CMF Chaikin Money Flow Indicator
shows an almost straight down exodus of large money out of the S+P 500,
as price has rallied back above the trend following 200 Day Moving Average.
This analysis brings to center stage Bitcoin and the asset mostly linked with, Gold. On this chart, Bitcoin (the digital Gold) shows a quite similar behavioral pattern with Gold's bottom period of the 80s/ 90s bear cycle.
What stands out is this identical +33.50% bounce on Gold and the subsequent Double Top followed by a slow decline before the major lift off....
On monthly chart, GOLD technically has a chance to reach 1520 in 2019.
Its moving a sideways in the bottom for the last 3 years.
Its now on its 3rd wave which will probably break through the 1st purple resistance zone (1367 soon)
On daily chart, we have gold on its 5th wave up now WHICH IS STILL INSIDE THE UPTREND CHANNEL.
Fibo 2.27 of he first wave up start in ...
Ray Dalio Compares today to 1937, Charts says it too!
3 Day weekend - Gap Down Tuesday????
I am a big fan of Ray Dalio, Jeffrey Gundlach, Peter Schiff. You won't hear the truth from other people who are on Main Stream Media. Learning about Cycles since 2006 (last 3 years hardcore) and my conclusion is 2019 is the end of 38 years of Bull Market in Bonds....
be careful about this pattern in with ascending triangle. just longed and insert a tight stop loss. I am trying to catch the breka out, already cost me 8% loss by doing this... but the last shoot out will gain all of them back, so I didn't worry about that at all.
Please note that this is my first post on TradingView so don't go all in based on this. Always Mind Your Trades and make sure to make your own analysis before investing your hard earned money.
1. But here is what we can notice on BITFINEX:BTCUSD:
*Multiple rejection from the 50 MA 7 days in a row
*Multiple rejection from blue descending trendline