As you can see Bitcoin is forming a bearish divergence on the 4 hourly chart which could cause a short-term reversal in price to the two potential support lines.
Hello Traders and Investors. I hope you are doing well. At this point, $17,200 to $17,600 is a strong resistance zone. The price has been accumulating for a very long time, volatility has dropped to historic lows, it means that a new strong price movement is coming soon. In which direction it will happen, it is difficult to say now. Anyway, the last fast...
Observing sentiment on social media has tought me one thing: Almost everyone is bearish on the cryptomarket, and almost everyone thinks we should go down. Now, I am not dismissing the possibilty that the price could/should go lower, but I also think that timing the market is not worth it anymore. Historically speaking, we're at the point where a bottom is in,...
Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ). Bitcoin price has been heading higher but it may meet resistance very soon as shown in the chart. Volume is low and RSI is headed towards resistance. I have been calling drops on BTC since November and December of 2021. Be careful. If you enjoy my ideas, feel...
Hello, everyone! Last time I considered 1h time frame and told you that anticipate leg up in wave 5 to the price range between $17070 and $17245 . Yesterday I opened long at the very bottom $16730 and closed at $17000 . It was the scalp trade, thats why I have not revealed it here, but you could use my analysis to execute it. Now it does not matter because...
Hello everyone, not a financial advice though, This chart analysis is the continuation of the below Bitcoin and DXY Analysis: After Detailed Analysis/Examination in all aspects and making different chart Analysis like Elliott Wave Theory/DXY/Volume/Indicators/Oscillators/Patterns I came to the conclusion with the current Bitcoin targets as somewhat realistic...
BTCUSD daily guidance is neutral with a bullish bias. Recommended ratio: 53% BTC, 47% Cash. * The December US Employment Situation was released this morning , the Unemployment Rate is back down to 3.5% from 3.7% in November, while 223k Nonfarm Jobs were added (compared to 263k in November) and the Labor Force Participation Rate ticked up to 62.3% from 62.1%...
Today I leave you with a rather interesting comparative analysis, introducing the much-studied and used concept of market capitalization dominance, in our case of Bitcon versus the rest of the crypto market. The graph structured by TView gives us in this case a percentage of market dominance, that of Bitcoin against altcoins, ideal for establishing migrations...
Bitcoin bounced off the upper boundary of horizontal channel. Bearish movement to support level at 16440 is possible.
Past Performance of Bitcoin Bitcoin prices are holding on pretty solidly in the daily chart. Presently, the coin is up eight percent from November lows and rejecting bear pressure. Even though the upside momentum fell in the second half of this week, there are signals of strength. For a clear definition, there must be gains above $17k. At the back of this must be...
In the past months, Bitcoin trading was boring, to say the least with the ranges becoming smaller and smaller. However, the recent low is above the previous one which could be an indication of some gains in store for the main crypto. More, since mid-December BtcUsd formed a double bottom with confirmation above 17k. A break above this pattern could lead to a rise...
Evening all, Full TA in the video as usual. Some notes: IF IN DOUBT ZOOM OUT as the saying goes! This is just an idea that we are looking at in group that i wanted to share. IMO i think decision time is near with regards to a possible further leg down or a break out of the pattern and continuation sideways for an extended period of time. Take a look at the...
Bitcoin has started its work today with strong upward momentum, and it seems that the Bulls are planning to attack $17,000. Bitcoin reacted positively the previous day by being supported in the $16,650 range. Bitcoin Dominance has broken both dynamic and static support and can now further decline after a pullback, and the trend can turn bearish in the 4-hour...
Past Performance of Bitcoin Bitcoin started yesterday strongly, adding three percent, only to flatline in subsequent sessions. When writing, momentum is fading, slowing down the uptrend, and puncturing bulls' optimism. Technically, there could be room for buyers. However, for buyers to tighten their grip; there must be sharp gains above yesterday's consolidation,...
Hello, my dear friends! Last time I told you that Bitcoin should grow to $17200 before the crash. This pump is going to print wave C. Today we are going to consider the wave’s C underlying structure to reveal where the price can reverse. Let’s take a look at the 1h time frame on the WHITEBIT:BTCUSDT chart. I suppose that wave 3 has been finished becuase...
Hello everyone, hope you all are doing good. As I said I will be posting an idea how Bitcoin is corelated to DXY/Dollar, so in this am going to explain the S&P500+Bitcoin-->Correlation-->DXY/Dollar. Guys this is very important to understand so please check the chart carefully an if you have any questions, please do comment. DXY/Dollar: DXY/Dollar is the ultimate...
Greetings and Happy new Year fellow Investors Traders and ofcourse beez! In our today's post we will analyze BTC next moves in the upcoming months (Q1), taking into account all technical factors that may affect the price behavior and consequently price volatility . In particular from a technical point of view, BTC after testing the area around 18400$, it created...
Bitcoin is the world’s most traded cryptocurrency, and represents the largest piece of the crypto market pie. It was the first digital coin and as such, remains the most famous and widely-adopted cryptocurrency in the world. It's the original gangster in whose footsteps all other coins follow. The birth of Bitcoin was the genesis of an entirely new asset class,...