Guys, yes it is very optimistic, but this is the most likely scenario considering the global economic and transformational phase.
It was a crazy weekend. Whales moving huge amounts of cash from exchanges and on exchanges. Nobody really knew what will happen. Also it was the first time, BTC didn't adjust to stock market % of gains / losees. That correlation was quite funny last few weeks, if Markets closed with -7%, also Bitcoin did. firstly it moved up, and in the end Bitcoin always...
I believe we now have a cycle low. I'm long and accumulating with stop at the recent low. If that fails I will look for the 200 MA area and add on the daily reversal candle. At this point, we have a right translated cycle and recovered the major MA's. So I plan to continue to build on cycle low dips and will generally look for a right translated yearly cycle...
Hello!!! I expect a decline to the area of 9550-9600. After that, most likely, we will go to 10,000-10,200.
This is just me noticing similarities and providing a larger perspective. I believe in the stock to flow model so could see something like this taking place. I could also see us holding at a much higher bottom then under 6k because of different areas of the world having more awareness and access to Bitcoin.
BTC/USD Bitcoin's weekly chart is bullish after the price broke outside the descending channel pattern and holding above 50W MA. BTC has now established strong base support at 0.618 golden Fib levels which coincide with multiple indicators, price action and key trend-line which help Bitcoin pushed to a higher 9000 range. If BTC can hold this key support area for...
BTC/USD - Quick Update Bitcoin perfectly bounces off at 0.5 Fib level and the price retest the upward trend-line support and is now acting as resistance. If Bitcoin fails to get above 8150 and hold it, there is a high probable failure and come back down to retest the key support at 7700 regions. Areas we will be watching for a bullish move is from 7900 - 7700...
BTC/USD Bitcoin pierced through the resistance like it was never there all along. This breakout is followed by two bullish buying volume confirming bulls present is strong. The RSI hits 76 levels, a potential cool-down for the price is likely possible within 24 hours. It is also healthy to retest the previous resistance to turn into new support for Bitcoin....
There's a nice LONG scenario, but give the price some space to pullback a few pips and wait to break the resistance marked up to start looking for long entries
Morning guys, Hope you're well after the Holidays. So - our AB-CD downside retracement to 6.9K area is done, giving us "222" Buy on 4H chart, which is actually a part of daily H&S pattern. Currently our task is clear - 6.9K is a bottom of the right arm and BTC has to hold it - to keep bullish scenario valid. Thus, if you have taken long position at 6.9K - now...
If the price get to break the 800 Ema we could see price rising till 7433.00 witch is a clear resistance on the 15 min TF So it might pull back a little bit before breaking it to then get inside that B area marked up on the chart
BTC/USD Just a quick BTC update, if the 4hr candle closes above 200 MA, I see potential upside up to the 7600 -7800 regions before another pullback.
Bitcoin pushes above $7,000 in what is believed to Santa finding his way to the crypto space. The bulls hold Bitcoin above $7,100 but the upside is capped by strong resistance zones. Bitcoin made a remarkable comeback into the $7,000 range on Tuesday. The reversal was quite unexpected and in my opinion, it is not fundamentally supported. Nonetheless, BTC...
I will be very honest and show you my cards and what I'm hoping for. I will do very well next year if BTC goes from here to 20K or above, but I will do exceptionally well if we hit the $4800 area, why? Because at that point I would have 100% of my working capital in, and BTC is showing signs of storing all kinds of energy for the next move, meaning we may go...
BTC/USD Bitcoin is about to retest the key area of support again if BTC can maintain this level in the coming day or two. There is a high probability of bounce will happen to test the resistance at 8000-8200 regions. 4hr TF structure is still valid and no red flags yet. This is the time for Bulls to show up and potentially change the daily trend.
The bulls are attempting to keep Bitcoin (BTC) above $7,000. This is a positive sign as it shows that buyers are not waiting for a deeper correction to step in. If the bulls can carry the price above $7,856.76, it will signal strength. Above $7,856.76, a rally to the downtrend line is likely. This is an important resistance to watch out for because the price has...