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The Bitcoin Daily UPDATE We have turned BULLISH Quick Update for the chart posted previously. Bitcoin PA Has broken above the line of resistance that has rejected PA since Oct ATH. The 4 hour chart below shows this clearly. This is a Strong move and PA has strength to break through resistance higher above. We need to keep an eye on that 4.618 Fib line and then that red 236 Fib circle just above. If we get through both those we could very well see Moves higher with 93K being a target. The Daily MACD has plenty of Room to move higher The 4 hour ( Not shown) is above Neutral but with room to go higher. This push higher, if sustained, all aligns with ideas preented in the Monthly Candle Colour chart sequence
INDEX:BTCUSD
by Orriginal
1
Really Simple BITCOIN Daily chart -> TODAY is decision day it is all there to see, really easily. This is a LINEAR Bitcoin Daily "work" Chart, No adjustments on the price action. It is as it was. The descending Dashed line is the line of resistance since the October ATH. The descending solid "lines" are sections of Fib Circles that have acted as support / Resistance and the red ones are 236 Fib circles, usually Strong...as can be seen by the support offered in recent months until we fell through it in November. TODAY, PA has bumped into that descending dashed line of resistance, that has yet to be broken. As can be seen below on this 4 hour chart, this is also on the 0.382 Fib Retrace line. PA needs to break through Both these lines today and then return, test as support and then push higher. THEN of course, we have that 236 Red FIB Circle....Tough days ahead but Bitcoin is over sold on many time frames and so, WE CAN DO IT........................ But we have to wait and see if it happens Bearish signals are flashing and we may have to wait till January........ Or the Bulls Jump up and ..Off we go.......... Time will tell
INDEX:BTCUSD
by Orriginal
4 hour BITCOIN Update - Bulls looking Good UPDATE to the 4 hour Bitcoin post yesterday, were we talked about how the Bulls have been stepping up the Fib retracement Ladder. To remind you, See the first major Drop took us to the 1 retrace Fib line, Obviously. The second, took us to the 0.768. And as of NOW, The Bulls appear to be holding the 0.618l. The Bulls are doing Well. The Yellow 200 SMA is the next problem for PA, should the bulls carry PA higher. That is around 90K BUT this is a Bear flag on a higher Time Frames. We are still in a "No mans Land" right now..... PA can go either way I have BULLISH CAUTION I would also like you to look at what happened in Early 2025 This Daily chart shows us that Early 2025 also had a pull back, that began ending in a Bear Flag, we dropped to support and then pushed higher. A total drop of -32.5% We have just done -35.8% We are likely to Dip a little lower maybe but I am not yet convinced that we are in a Full on Bear market just yet. For me, we still have hope while PA remains above that Long Term line of support, that now sits on the 0.768 Fib Line....at around 83351 usdt I wait patiently.
INDEX:BTCUSD
by Orriginal
DONT PANIC BITCOIN - Bulls maybe still in control This is just a SHORT term Idea. Lomger term has yet to be fully seen, though I have y ideas, as published in the Monthyl candle colour posts. This is a 4 hour Bitcoin INDEX chaart with a Fib Retracement See how the First Drop, obviously is at 1 The 2nd Fast Drop went to the 0.768 - ulls HELD the Step step Higher. And we are in the Middle of the 3rd Fast Drop and currently, we iare around the 0.618 Will the Bulls Hold this next step higher ? We have to wait and See But if they do, then I can see a push higher, maybe in the last Half of December Time Will Tell.....
INDEX:BTCUSD
by Orriginal
TODAY is the day Bitcoin Needs to React and has the strength to HEIKEN ASHI candles on the charts, take out the noise of change and show Trends better. Bitcoin Daily Chart showing VRVP on the right. The lines mentioned below can offer Resistance, Support. Horizontal Dashed Yellow - Value Area High VAH currently around 128K usdt Horizontal Dashed Red - Value area Low VAL currently around 95K usdt Horizontal Dotted Red line - POC, Point of control currently around 110k usdt Horizontal Dashed Blue line - Current ATH Notice the "Pocket" on the right, in the VRVP, just above the VAL. This is a price range that has little Trading volume and tends to attract PA. We are also currently in a little one and PA has risen in it. The one just above us now, after the VAL line Could Take PA up to the POC around 110k Likely to meet strong resistance there but PA is Very oversold right now..PA has the ability to push a lot higher But it is TODAY that we really need to pay attention to. See the Diagonal lines dropping down from left to right. These Are FIB CIRCLES> and that Red one is a 236. Those that follow me will understand that I have always said to be careful of them. And it is THAT that has been dropping PA since ATH. And TODAY, we need to break through it or face a Stiff push lower. I think we will break through but that VAL line could be a problem. Nervous day BUT with confidence. DAILY MACD MACD has crossed Bullish. WE do need to keep this going to renew sentiment but, as you can see, There is a long way to go before PA become OverBought..THIS alone could take PA back up to the 120k + zone..But there is a LOT of resistance en-route. But this is a good sign DAILY RSI VERY Strong push up from OverSold on the RSI and, again, this shows some very good possibilities ahead as we come to month end. So, Bitcoin PA has the ability to push high. The 4 hour Bitcoin chart shows the shorter term So, here it is...PA pushing up against that 236 Fib Circle, right where the VRVP has a line of resistance. THIS is why today is so important. WE NEED TO BREAK THROUGH On this 4 hour chart, you can see how PA is above the POC..that is support if we get rejected off the 236 fib circle. The VAL is just below that and we bounced off that once before already So, TODAY, watch this carefully.... In th elonger term, I do not expect BTC PA to Roar up just yet. Thge November candle will close RED, December will be Green as confidence returns and I am thinking that January will be EPIC. But..we need to break this resistance today... Hang on You Lot
INDEX:BTCUSD
by Orriginal
Bitcoin 4 hour update and longer term outlook for next 5 days Bitcoin is in a Rising channel after dropping. This can be easily called a BEAR FLAG and it needs to be paid attention to for a number of reasons. The line of support that held PA up in May is now close overhead resistance and we are climbing towards an apex around 11 June. PA always reacts before APEX I would expect this to happen from the 8th June but could obviously happen before. I can see PA dropping to around 102K, on the POC ( red dotts ) off the VRVP We will have to see what happens form there but there is a strong line of support just below this. The 4 hour MACD is currently being rejected from Neutral back down into oversold. The Daily MACD is continuing to fall Bearish and will reach neutral bu the weekend, the 7th This could be the beginning of a longer term Bearish move and could end up back in the mid 95K before it finishes over the next 8 weeks HOWEVER, PA does have the ability to turn the tables on the newly woken Bears We will have to take this a step at a time right now. But as emtioned in apost earlier today, I do expect us to NOT move to much higher in the near future but more to range once again, maybe for up to 8 - 10 Weeks We shall see and watching the Dominance chars right now is a VERY good idea
INDEX:BTCUSD
by Orriginal
Short term BITCOIN 4 hour Chart and possible moves As I rite this, we see PA pushing up under a line of local resistance, and being rejected. Support is not far below on the old ATH line ( blue Dash) and below that we have the rising trned line at around 107K So we have support all around but we are heading in to the unknown with this Fib circle that is just ahead of us. As yet, I do not know what to expect. Previous 618 Fib circles have rejected PA to some degree and so I will expect at least a dip in Price. But as the MACD is nicely cooled off and rising Bullish just above Neutral, we certainly have the ability to piush through So, We enter the unknown today but with Bullish intent and the ability to cope but we do need Caution.
INDEX:BTCUSD
by Orriginal