Hi guys! 👋🏻
🔔 There were large announcements made recently by Goldman Sachs, whereas the banking giant will be launching the cryptocurrency trading desk as a part of the company’s Global Market Segment. Goldman Sachs will launch Bitcoin futures trading later this month.
🔔 PayPal, which is expanding its crypto offerings in the UK, is assumed to purchase the...
Looking at the chart you can see BTC is at the bottom of a channel. Catalyst for a push up would be from the severely oversold RSI and MFI on the 3 hour. If this breaks down then look for 27.5k area as the next level of support for Bitcoin. Good luck.
Going into this week, tensions and uncertainty is high in the USA. This may cause a scare in global markets. After looking more into BTCUSD, I found this similarity from the last BULL cycle.
While looking at the charts, we can conclude a Head & Shoulders pattern is evident (red pattern). This pattern looks identical while comparing it to June 2019 to...
Hi guys! 👋🏻
🔔 Bitcoin continued its movement in an upward channel and today broke through an important resistance at $19,500
🔔 Must stay above 19,500 to continue the uptrend.
✊🏻 Good luck with your trades! ✊🏻
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Could just be a big double bottom consolidation phase before boom boom diggity. We are going to have to buckle up and see what happens. Printing more USD will potentially add more fuel to the fire(Most likely they do a lot more printing). I am no financial pro/advisor just a dude who enjoys drawing lines on charts to see if maybe I can tell the future in my own...
Bitcoin is moving up in what might be looking like a bearish rising wedge pattern on the 1H Chart. Entry, SL and Targets are on the chart. Seems like a risky trade but worth taking for me. I still think we will see prices in the 7.1k- 8.2k regions in the next few weeks but Bitcoin might go up to 9.3k-9.5k if the current setup fails. Pumps are for shorting. Good Luck!
Loot at chart!
And keep in mind...
-Unemployment growing globally.
-An avalanche of bankruptcies to come soon.
-People need cash to buy food and daily necessities.
-If corona wave 2 is bigger than the 1st wave, things might turn more difficult.
-If US stock market doesn't recover and keeps dropping it will affect all stock market and economies globally.
Up-Major Parallel Channel (X)
Down-Minor Parallel Channels (Y) & (Z)
Looking at both channel (Y) and (Z), it turns out that there is a SLIGHT different between it.
Used two Rectangles(i & ii) to measure the movement.
The length &...