Welcome Traders, Investors & Gamblers 😃 As expected we are slipping lower and there is one key level tht we need to bounce off from this weekend! I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping...
Even though the market has been extremely brutal, there are some key levels I'm looking at to start buying/DCAing into Bitcoin. The indicators I have on the chart are the Whales buy-sell indicator (mine), VMC Cipher B (free), and the RSVP Extractor (mine). I have the Weekly chart up for BTC because that gives the best overall data for buying support whenever you...
See chart for analysis. Price has never broken 200MA. Waiting for buyers to step into the market by watching smaller timeframes. We have support and resistance lines here with supply and demand zones. Thoughts?
After finishing a time-killing move within its recent Expanded Flat formation, Bitcoin has now entered what seems to be an Extended Diagonal/Wedge/Wyckoff/Wolfe Wave pattern down to the lows between $21K-$25K. The internal Wolfe Wave in the pending Wave 5 is not shown on this chart however waves have confirmed that this is already in motion (the DSTC will deliver...
On the weekly chart which represents a long term, but has retraced down to the .60% Fib. ret. level ($29,000 - $32,000). Now, this point is a strong support level because from this point in previous times, uptrend/bullish reversal usually occurs. a CANDLE CLOSE below the .60% Fib. level ($28,477) will send it to .78% ($18,365) for further confirmation if...
Bitcoin has been retracing from 26700 levels where the Fresh Left Shoulder of this entire bull run was located. 1. If 26260 was broken, the fall would have continued. 2. Another Important zone was the Left shoulder of this reaction from 26700, located at 28275-28675. 3. This zone successfully defended the price and now price is going to test the decision point...
I think many of the Binance IPO whales will cash out some BTC and and BNB after the news that the Securities and Exchange Commission (SEC) is investigating Binance for the issuance of its cryptocurrency token Binance Coin. A report from Reuters agency says that Binance unknowingly processed billions in illicit transactions, including illegal drug sales, hacks,...
BTC/USDT short Entry Range: $29375 - 30712 Take Profit 1: $28625 Take Profit 2: $27955 Take Profit 3: $36500 Stop Loss: $31714
Review of the key levels in the major markets as the US continues to edge lower. US share market staged a late rally to fend off the bears which has led to a strong Asian market open as traders go bargain hunting. The general trend remains down with the USD, Inflation and Interest Rate Rises in focus. BITCOIN and ETHEREUM took a beating as BTC spiked below $30k...
This is so interesting chart , i ve never seen this chart before. We should pay attention to this, share it because everyone needs to look at this chart.
It is a good thing to learn caution from the misfortunes of others. What's not as often discussed by all those crypto promoters (Youtube, Twitter, Telegram ...etc) is the great number of people who have lost significant sums trying to become rich by investing in crypto. I hope everything is going well for you or at least you have some spare cash for the black...
We have a major weekly support trend line to be watching on Bitcoin. It as held since the pullback to 28K. By this logic we could drop to about $34,700 on bitcoin here during this weekly consolidation. We are still in a weekly uptrend as well just looking for a weekly higher low. No major red flags and definitely a buying opportunity especially with alt coins IMO....
Kuala Lumpur, Malaysia: Bitcoin will be going to lose some interest over time and the distributions are on the way. Meeting with the crypto whales today, they agreed to release their holding. Thy are not going to bet the system. Mining difficulties are showing stress level. No sign of recovery over next 2 months. It is better to release than holding. This...
Kuala Lumpur, Malaysia: Bitcoin will be the next move towards the $38K towards the $15,000 price prophecy. We have seen Bitcoin in a bull run and we enjoy the uptrend and sentiments hypes towards the $100K as many analyst bombarded with the demands towards 2 million left to mine. What we see in actually a reverse. What if anything we projected like the analyst...
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Recession prediction: The first predicted bottom would likely be at the 30k range. The price may in the weeks to come go through this support line but in an evidential recession would the first likely bottom be at 30k. This bottom would likely be formed after the war in Ukraine as more people are selling Bitcoin in exchange for Hryvnia or Rubel. The second...
Now Bitcoin has violated its head and shoulder's neck line and in case of closing a daily candle below 46000 range , it can crash and go for MA 100 in weekly timeframe for first step. But be aware of the bottom of bullish channel , it can act like a support or even changing the trend ! To be said , MA 200 in weekly timeframe is calculated by a few logical numbers...