Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some days ago in a short time rose to the 61600 level, which coincided with the support zone and soon broke this level. After this, the price some time traded near this level and then rebounded up to the resistance level and even entered to resistance zone,...
It has been very boring lately for bitcoin, 3 weeks of indecisive trading, and consolidation. Nobody can tell where is the crypto market going, except for one. The one and only who can see the future, chemastro! *Follow me now! I am the one who sees the future! Do you want to miss seeing the future? Shame on you!
Everything feels and looks stagnant, what's going on? As mentioned before, it needs to correct a little bit, before it picks up again, which is (again as I said) .. fine. It does not mean that Bitcoin will retrace below the 25k. What I will do personally, is wait till tomorrow, I assume there will be a trigger over the weekend, that will move the...
Conquerors! It has been a while since I made a tradingview update. I decided to make my newest video update here so everyone has the ability to see it. BTC has been in consolidation now for 9 FULL months (resistance 25k, support 16k). We have had the ability not to turn 25k into support, and we still have a chance too. Watch the video to find out why 25k is SO...
A continuation of upwards momentum for Bitcoin is more likely than any capitulation to the downside. BTC is drawing support on the one hour timeframe from the 21500 resistance line, which developed in the aftermath of the FTX debacle and was confirmed upon this month's upwards price action. We saw the same resistance line rejecting Bitcoin's price on January...
Based on its current position it wants to break even to consolidate on whatever timeline the intitutional algo is trading on. It should break even to 40890 by midnight tonight. After taht there could be a pretty nasty dip to shake out any traders with stop losses just below the low of the last 25-34 candles. Then there should be a sharp move up as it hits fomo...
Firstly, I want to say I'm sorry because I didn't announce I was going to take a break from posting this week. But I'm back. Bitcoin broke the $46.2k nPoC (check previous Weekly Review post) right after I published my thoughts, and ww rallied until $48k. After that, we started to see a pullback to around $44k, which got bought up. The main thing I see on this...
BTC broke consolidation now what? its gonna retest or keep pushing up we will see! no financial adivce !
Currently BTCUSD is breaking down from a small ascending wedge inside a large ascending wedge. (impulse 4) If we continue this pattern we move to 53-54K High end of August , to break down to the 40K support zone in early-mid September. This would, if it holds up, have formed a beautiful consolidation after the past bullish move upwards. I'm crossing my...
DOGE Looks like its setting up for another bullrun during Bitcoins 5'th impulse move from 45K to 52-54K inside its ascending wedge. Looking at bitcoin nearing its pattern's rising support line and losing downwards momentum, it does seem like it will bottom out here, and soon bounce. Target's for DOGE, kinda hard to predict, but i'll make a sketch, so here are...
Bitcoin consolidation continues within the triangle for now. Keep an eye on the 20 SMA.
This was quite the week in Bitcoin world. After a very memorable dump, in part aided by Elon Musk, we find Bitcoin painting either a symmetrical triangle (continuation/bearish) or an ascending triangle (reversal/bullish). I posted potential breakout targets, either likely within the next 24 hours. Look for confirmation of breakout with a retest of the...
BTC has been consolidating quite a while in this bullish channel. If it breaks out and we see a close under the channel, we can expect to see a short-term downtrend. If it breaks above the channel, a long position can be made and we should look to retest a new ATH as our target. Here are my targets for a short-term bearish condition. I await a close on the 4 hr...
Hello traders! Bitcoin has been a little silent lately. A symmetric triangle has formed in the intra-day chart. Of course, a breakout comes after consolidation. We have a breakout within the next 30 hours! But where will prices go? I will breakdown the analysis I made for Bitcoin. Let us see the key points: 1. Bitcoin has a possible Head and Shoulders...
BTC seems to have found it's resistance level around 41,000 usdT, where it saw a rejection and is probably in a search of consodilating levels. Take care!
Last consolidation period led to a break of 17k as called in last chart. Right now we are seeing the price consolidating again. My bias is still bullish, and i believe there's a high probability that this is the last continuation pattern before BTC will reach all time high and hopefully break it. Still holding long term.
To start a bit of a pullback/consolidation on the weekly... Any thoughts?
U.S holiday price action appears to be playing it's part in Bitcoin's slow price action, but this doesn't change anything. Bitcoin is in a consolidation within a broader BULLISH trend since April. Price continues to probe range lows which does NOT provide any evidence of progress or TREND on our time frame of interest. Keep in mind weak markets BREAK supports,...