Dear followers of this transaction is against the trend, risk management must be observed.
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Analysis is purely on technical base read before making any comments first
Bitcoin is in bearish mode all indicators showing high chance of bears
1- Elliott Wave
BTC made move from break 19000usd level and moved according to elliott wave
I- wave 1 and correction
II- wave 2 and made correction avoiding breaking the pick of wave 1
III- wave 3 done...
Hey guys, it was a great week for Bitcoin. We don't have a lot of updates for the BTC now. We hold our long positions and waiting that this or the next week update the current ATH.
When BTC will update the ATH we will open an extra position. This would be one of the last opportunities for you to buy Bitcoin during the current bullish market.
Yes, we are not sure...
Nothing has changed since our last BTC review. We are waiting.
The only thing we see is that we have 2 scenarios left.
Nobody knows which of them will choose bitcoin. But we know what we'll do when he decides where to go.
Probably one of the most difficult tasks for a trader is to wait. Imagine what it is like for people in conventional financial markets where...
The monthly candle closed bullish and a pullback from 14k High is now over as the Bitcoin manages to hold EMAs on the monthly time-frame.
Bitcoin is likely to play an equilibrium in the longer period and currently has the chance to retest the previous swing High at 14k.
If you are a longer-term trader/investor, stop loss should be placed under 6k or...
After Bitcoin bounces off the 0.5 Fib support it has temporarily topped out at 8200 regions. If Bitcoin can find support around 7900 areas and bounces off again,
It will likely form a symmetrical triangle pattern. If this uptrend from 6800 is stronger than what we think, then this pattern will be a continuation to the upside.
As I look at BTC.D it seems to me that Dom is loosing steam and has lost all 200 EMA's on all time frames from H1-W1 except for D1 for some reason BTC.D remains above 200 ema on the daily?? so I can totally see a retest of the daily 200 ema sitting around 66.4% which is a drop of around 2%. Which is starting to look like it could me money flowing into selected...