BTCUSD had a bear break from this equilibrium pattern we could not hold a higher low of this support and broke bearish. We could see possible further downside.
Whats up traders? In the last BTC idea we bought Bitcoin to the upside and made some good gains. I hope some of you guys got into it and made also profits! Guess what? Now we selling it down. Buy low sell high you know? With my analysis i think we can break the lows on BTC to the downside for a target under 7.800 USD. Wishing you guys a great rest of the week...
We are in another Bear Flag heading down to previous levels... Could even go down to the four figures again
This looks more like a retracement to me. Of course this is a game of probability. I'm not saying it's going down but it is more likely. This is just my opinion. Disclaimer: This is not financial advice Trade safe Atilla
playing devils advocate *HYPOTHETICAL* this one gives a better timeline analysis IF this is actually a bear market rally, and how + when bitcoin could will break out of the hypothetical bear market rally this one is primarily so that i can save an idea without actually saving it. welcome to criticism and debate
Price has finally tested the strong untested Weekly and Daily Supply Zone. Percfect setup for counter trade with very small lot.Engulfing bearish candle at the Daily Supply zone indicates the significant imbalance. however, theres still a trendline holding the price supported by the Daily CP demand but it failed to take out the Supply zones .Hence it is more...
We can see that the RSI is overbought and in all of the bitcoin history there was a correction correlated with bollinger bands, rsi and momentum. It s the perfect spot to get some profit and short bitcoin. I recommend also to levrage this short if you want to get more profits. Correction is on the way. Pullback to 4500$ - 4700$ Then 6000$ (maybe in may)
On this study we take a look at the Longs/ Shorts speculation. During this bear market, every time the RSI was oversold, it gave a Sell Signal. On the other hand during bull markets, when the RSI is oversold, if gives a Buy Signal. Quick conclusion: every time the RSI is oversold on the Longs/ Shorts, the price action follows the underlying long term trend. The...
Targets for Bitcoin to sub $3k levels, but I am taking profit at $3k considering their is a relevant key level of significance right under the $3k levels. You could also take out profits in levels using each of the baby blue lines.
A few months ago, I estimated BTC to reach a range of about $3700 when it was trading around the $6k region (check my earlier posts). With it dropping, I still don't yet see this as a time to call bottoms and buy as it is never safe to do so. Forming a solid triangle pattern, I have three targets set with the main one being at the $3007 levels. Alpha Sniper...
Bitcoin bulls ran out of steam and stalled out at $9900 last week then failed it's attempt to break back through $8700 this weekend. It's pulled back about 50% of the +$3000 gains it had from the middle of April thru the first week of May. All of the Consensus hype about big price action actually was just the opposite. We could continue to have another 2 weeks...
As I predicted before this will be a perfect chance for people to make there money back if they have lost some from the start. i am still Bearish because this is just a correction of the FIRST and i expect the price to tank from 7600 to 7700 area. so far this have been staying true to what i have expected and also expect the next wave to fall thru as well. Please...
2 triangles I drew several days back I lined the 2 triangles up together to get a predictive date for a breakout or pattern and left it to see if BTC can follow pattern So far 3 days in BTC has perfectly touched and bounced at specific points The moving averages also forming a triangle
Position: Bearish. Waiting for a buying opportunity. My last call was pretty spot on in terms of where we called the top. I left some of the lines on here so you can see my last call with some adjustments. It shouldn't be a surprise that BTC is coming off of this 12k mark. Reason for my bearish stance: In order for BTC to break up at this point, it has to go...
Hi traders, SO bitcoin has broken a falling wedge pattern and now must gain support from a lower trendline . Horizontal support combined with trendline region comes somewhere around 5500-6000 Dollars. Thats where bitcoin might drop potentially. Bitcoin has been on a major downtrend and may continue it for the next 3-4 days and after gaining the support next...
Hi traders, SO bitcoin has broken a major trendline and now must gain support from a lower trendline. Horizontal support combined with trendline region comes somewhere around 5500-6000 Dollars. Thats where bitcoin might drop potentially. Bitcoin has been on a major downtrend and may continue it for the next 3-4 days and after gaining the support next scenario will...
Time to go back to the basics and apply the KISS principle. Bitcoin is having great adventures again, but what can we expect going forward - just a quick 5 - hopefully educational - cents to complement other authors' analysis. Here above a relatively basic chart on the daily tells us a couple of things: --> The MACD is nearing quite the bullish cross . Every...