Upon examination, it is evident that the price is forming a head & shoulder pattern, indicating a weakening trend! If the price breaks below the neckline, the return to 15k will begin! It is, therefore, advisable to keep an eye on the neckline in case it breaks to the downside! It also appears that the current market period is unfolding similarly to the one...
This scenario exemplifies a classic case of a bull trap, whereby the market deceives investors into believing that an upward trend is imminent before rapidly reversing course. In the current climate, the bear market is merciless, causing losses for both bullish and bearish investors alike. Thus, adopting a cautious approach and waiting for prices to decline before...
Hello traders. It's been a very long time since I posted an article. Likes are a big help. First of all, before we start, we make sure that the previous wave ends with a simple ABC counting, not an upward impulse wave. Now, one big pattern that can open up one possibility is a bearish wave consisting of 5 waves and the expected point is $13,000. Please refer...
Hello Traders & Spectators, When looking at BTC, we can see that it is currently trading in a range similar to the one right before the last sell-off to the 17k zone. I went ahead and did a fractal to see how this may play out in the upcoming weeks. So far, it's very interesting how close the candle patterns are. This should be fun to watch over the next few...
According to analysis btc pullback to trendline and will dump 13k 1.618 fibo projection = 13k
As you can see there is a bearish divergence on the RSI. Not only that the price seems to be exhausted and if btc breaks 35k support it’ll head down to 18k then to 12-13k for exit. There is no guarantees but this is my idea. Buy and sell or trade at your own risk.
Trade Projection based on Fundamentals and Price Action. PayPal announced today that we could buy, sell and shop with BTC With Risk Management you Will Never loss. Thank you
So there we have it! Just like I posted an idea 2 days ago, bitcoin did re-test daily supply zone. If we can hold this region, which I believe we will - next is 12800-13100$ region. Also, we got that weekly close above 11490$ which will give us a boost to 16k in longer term.. Check my recent weekly idea to know what's up. Happy for those who had patience! Now...
After hitting the weekly bullflags breakout target at 12197, BTC has continued soaring bullishly upward with practically zero resistance in between 12k and 13k...next potential resistance is 13070 but at this point its questionable if it will be that significant. This parbolic move is unlike anything I've ever seen and where the correction may finally be is as of...
Bitcoin seems to be following a fibonacci resistance sequence causing me to think we could have pumping to 10,000$ and even higher 13 would be the next fibonacci number and It would be quite the novelty to have it stop there! time will tell!! going to be trailing up my stop-loss by 500$ increments manually as we go parabolic Best of luck and stay...