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Bitcoin is moving below EMA100 on bearish momentum for the first time since May. Hit LIKE to start reading now and let's get started! When Bitcoin moved and closed below EMA100 in May, we had the strongest correction of the year. Now, Bitcoin going below EMA100 can signal that something similar can show up. We have bearish indicators. The MACD is below zero...
So. Bitcoin is down -40% from the November 10 High (and All Time High (ATH)) and once more the market is on full fear mode. This is not the first time we have come across a sell-off like this, in fact we can argue that such big pull-backs are a necessary process during a long-term bullish trend and have historically paved the way to even stronger and more...
It was an amazing dump! It was a great lesson for those who ignored the value of knowledge and experience. It was a super valuable example of "What will be IF..." for those who bought Bitcoin and other altcoins without thinking and planning such trades. As a result, 396 000 traders blew $2.5B within 24 hours! They gave their own money to Market Makers,...
Hello my friends! This post is for all the fearful who have not yet been in the market in 2017. Corrections of this kind in the bull cycle are quite normal from my point of view. I still see us on track. I have analyzed the situation with the Trend-Based Fib Extension and also with the "normal" Fibs. In all cycles we could come to a similar result: the first top...
Price is dumping from 69K ATH and breaking daily supports here: only and only if price pump and daily close above trendline support we can expect range market or bullish market here Else price can dump more and if 40K support break then it can easily...
The weekly candle closes tomorrow, at this time we will have a better picture as to what Bitcoin will be doing next. Hit LIKE now and let's look at what we have today. The immediate support for Bitcoin (BTCUSD) on the weekly (W) timeframe is set at EMA50 or $44,400 USD. This is a very, very important level. If EMA50 fails, we are going really low. (notice the...
Let me start by saying that we've never had this type of monthly chart on the Bitcoin (BTCUSD) trading pair. In the past, each time an All-Time High was hit it would always, without exception, be followed by a long-term correction before prices continue to grow. This time around, we hit a new All-Time High in April 2021 and after only a few months a new All-Time...
BINANCE:RLCUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! #RLC being hyped again recently, and the last 12H's candle confirms the Cup & Handle formation. Now it's been rejected by the above Supply zone and it went to retest the local S/R zone (...
Maybe. A lot of PM’s asking me where the bottom is. Believe it or not, I'm not an oracle. From a recent high of $67k straight to $47k, impressive. What’s next? This is where zooming out matters. Overall my bias is certainly bullish. However I’m not doing myself any favours without looking at the bearish. All TA should be balanced. There’s a lot going on, on...
Hello, Welcome to this analysis about Bitcoin and the 12-hour timeframe perspectives. Recently Bitcoin heavily dumped to the downside because several factors technical as well as fundamental came together and moved into this heavy bearish acceleration to the downside. We have seen old economy investor participants shooting against Bitcoin such as Charlie Munger...
Hello guys, For Litecoin we give a high probability for a continuation of the correction that started on the 10th of November. However, if the price reverses with a lot of momentum and the price breaks the resistance area marked on the chart we should reassess our positions. Trade with care. Best regards, Financial Flagship Disclaimer: The...
Recently I made a shorter timeframe analysis on Bitcoin and the bullish channel it was trading in. Although a minor reversal occurred, bears took the overhand and pushed the price down. Once the price got below the channel, all hell broke loose and a massive flush downward...
Hey guys! Just got a new mouse, so please forgive the thumping noise, still adjusting the sensitivity because it's too low. I didn't know it would make that noise, but I'm also not going to re-record this vid. Let me know what you guys think! I'd love to hear where people disagree with me :) Cheers -
The more I look at Bitcoin's price action, the more bearish I become. If I've learnt something trading for 20y is that things like "look, here is support, I will stay here all week for all to see, buy and MAKE MONEY" are in 99% of the cases traps. Besides, I saw a lot of analyzes arguing an H&S, for us to speak of an H&S the price needs first to pass...
Hello my friends, today I want to talk with you about BITCOIN dump. As you can see, price dropped for 27% in only one day, that's unbelievable. And I think a Lot of you guys want to know what will be next, today I will share with you my opinion about it. I think at this moment the price trades in a pattern which calls a Rising Wedge pattern. It's global...
Hey everyone, it´s been a while since I posted some public updates on major cryptocurrencies so here is one. Today after such vollatility and bearish sharp claw on lower time frames I just wanted to point out forming bearish divergence on the Weekly chart for ETH/USD pair. 4K support should not be broken (Weekly closing) in next weeks to invalidate this...
ETH rejected the 4500. NOW WHAT? ETH is overall bullish trading inside our brown channel so we will be looking for Trend-Following Buy setups as it approaches the lower brown trendline. Moreover, the area 3950-4000 is a "Resistance turned into Support". So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of...
After the price tested the top of the "Ascending Channel" pattern on the daily chart, we can see the formation of a very nice Head & Shoulders. This reversal pattern is pushing the price down and the probability is very high that we may see the price testing the support line of the channel again before moving higher or lower. From the support area, the collected...