A very decent step down, this is not just bitcoin, futures are ugly. Save some cash, this is the first day of serious selling, there may be more on the way. We have brexit and Covid-19 mutation to deal with. For anyone that has bought BTC in the last few days, welcome to the club. This is part of the deal.
Historically, $BTC always made around -30% correction, even in a bull market
Hello, in this analysis I want to show you how to sell and how to bougth Bitcoin in key zones usign indicator keys to study it. Ok, this strategy it's called bought cheap and sell expensive usign the price action + RSI. So, in this scenario we have that Bitcoin it's far away from $10,000 USD to $19,000 USD. Now, the crypto-markets need a correction before to...
It is just an addition to my previous BTCUSD idea which was more based on RSI indicator. Here we have not 1, not 2 but 4 different resistances: the first and the most obvious one comes from the previous ATH, the second and the third one comes from the upper levels of the upward channels 1 & 2. The forth resistance presents itself in the RSI - currently we are...
So, this is a counsel for you on what kind of trend we are. So, at the moment, we could to continue drop in the next days, remember that Bitcoin doesn't have force to continue up and maybe a correction it's neccesary to continue up!!! Now, I believe that Bitcoin it's trying to break up the historic maximum near of $20,000 USD. Remember the Bitcoin history maximum...
Take a look at the charts for better direction. on the 4h chart we have lots of indecision happening. With one hour left on the closing of the candle, it can go both ways. There is hanging man fighting the bears for its life. This can go both ways, I am not shorting here just yet, however I see a high probability that we are going to zig zag down to my final...
I believe once 200 EMA crosses 350 EMA from above we might see the bottom and end of this bear market. After that we can start asking the moon questions LOL
Hmm I actually though we ended our 5th wave and we were in a correction, but after looking at the Renko Chart view this time in a 4h time frame, it clearly shows that we are in our 5th wave now, and could end in the 12,100'sh range. then the real big correction should begin down to 8,500-8,800 range. what are your thoughts?
While many were promoting purchasing BTC, I was airing caution. The green trend line off higher lows remains the battle line between bulls and bears. We already have a bearish cross on the longer term 4h chart and a candle close below the green line coul open the door for 10k and possible even 8,000. The bearish scenario would fit well with a more normal primary...
There are two support levels to watch and hope for. If we break Support Zone 1 in the next couple hours, the price will go down to Support Zone 2 and most likely bounce back to resistance level ~17K.
Bitcoin price correction and this so called "levels of artificial price" which is being hold by sharks 'n' wales should not last long. When Bitcoin makes his next retracement (which is happending already), you should all cashout your positions (except maybe XRP or few more altcoins), but, in general, whole market will make a 30%+ dropdown. Therefore, i' m...
BTC hit 19,700 to the point and started falling. Bitcoin corrections have started and we can see price drop to as low as 5k. If we break the supply zone of 10k I see btc falling more if we see reversals form on the 4h and Daily charts I will buy btc there