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We missed MA 21 weekly by a small margin. It could be concluded that we have tested it although we did not touch it which we could still witness but it is highly unlikely for BTC to break down from that, I see everybody calling it for months now but here is some more evidence from history where we stand in the above given chart. I believe we will have side ways...
Finally bitcoin successfully closed above $3600 on weekly if it not sustain there then it might test short term support at $3400 $3200 and even $3000 , once break $3000 then can hit $2500 to $2700 by jan 2019, But good news is it is trying to break resistance at $3800 once it breaks then it can test $4100 and above in short time
Welcome to this update on the most accurate Bitcoin Technical analysis on TradingView :)
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Along with fundamentals and indicators we do have very clear situation i would say
(regardless of hair stylists and taxi drivers write 3000$ BTC, 1,700$ Btc and so on.
They don't understand a...
As shared in our last chart and as expected BTC is trying to test $4000.
Btc come down to its 2nd Pivot Support If it breaks from here then $3800 will be the next support.
full chance for bounce back from $3800 to $4000 as if you see long term trend it is trading over trend line.
If it breaks 3rd support of $3800 then $3500 to $3000 possible
Over the night we got a pretty bullish price action.
The BTC' price bounce upwards from:
1. The Fibonacci golden ratio 62%-65%
2. The strong support area
3. The round number at $6,500
4. ..and the 4h candle formed a bullish "Hammer"
So, currently, it looks like a very good setup to make short-term trades. The first target would be the minor trendline and...
Bitcoin is clearly attempting to break through and make new highs and continuosly failing to do it .
Starting from January 13.th, we have obvious downward tendendcy (after making all time high), continualy had lower and lower rebounces like 20.000/11.700/10.000/8500/7400/6800.
With all that said, Bitcoin as failing to breach 6750 in 4 attempts (while making...
Here you have our next few days market prediction, We are well experienced group of professionals in the cryptocurrency industry, And our combined strengths gives us the ability to provide a highly accurate predictions.
The chart shown here is extremely simple to understand, And follow.
Our whole purpose is to make it as simple as we can for you, No bullshit....
Who knows when BTC will stop bouncing between the top descending diagonal downtrend line on top of the MASSIVE downward wedge that many expect to pop. I think this is a fair play, you get two choices of entry depending on BTC, ( stop losses in this chop go 2-4% ), the targets are based off previous value zones that price has encountered stuck around by. There is a...
Bitcoin is slowly entering it's demand zone. One should start investing in chunks. 5330 is the the final zone to buy and with a SL placed 100-200 dollars below one should expect a breakout on the upside for new all time highs
Hello dear followers and other TradingView users!
I would like to point out one technically good reversal point (bullish) and one confirmation needed the bearish point!
Bullish Reversal point consist (green box $7630-$7750):
1. 24.07 we had a breakout from the main trendline almost the last down trendline which was pretty significant and now we start to go and...