Bitcoin built a massive bullish Coil if there is an outbreak to the upperside and a retest. The realistic result is a Target with 24300$ and an advanced Target of 47400$. Plus the typically overbuy there could be 50k+. BUT everytime if a new Line is build you have to rebalance the targets with new Charts Patterns. Good luck, much fun !
This is the right time to enter the market as it will continue to grow for next 2/3 days.
BTC/USD after showing weakness made a false breakout and got Sellers in play. But right after that, price broke this area and Bitcoin showed us it doesn't like low prices once again.
Bitcoin like any currency affected by the global panic attack. However, it's still in an uptrend and holding nicely above 200 SMA/EMA. I predict the last offload before taking off in around 7300-7450$.
#btc # 4H #CME Overlap the gap It’s too early to enter the long. Now it's time to collect the stops (marked with red blocks). And then think about long.
I think to buy, the blue square is a great option: about 6000-6,500$ in the middle of December
At the 4-hours timeframe chart we can see the most relevant Bitcoin's price action. Decrease started on 10th of July formed a small triangle which was easily broke up by bulls with insignificant volume increase. The price bounced from $9 060 to $11 160 level which equals 23.1% growth within 3 days. Rapid growth brought uncertainty and fear to market which is...
So after this big dip it sound more easy to look from far on the Monthly Chart. it can show use clearly that we are still in this bear Market for a long time. Only a good catalyst would make BTC back in power mode. First support would be a strong bounce on EMA at 4000ish. Second Supoort 3200-3000. FOMO rebuy. And the last one 1200-1500. Back to 2014 ATH. Happy...