The ORANGE LINE define our uptrend support. If bitcoin closes ABOVE the orange lines, we still in bull run. If Bitcoin closes BELOW the orange lines, we will have see the reversal, bearish scenario. What we need for a healthy correction: 1 - MACD needs to go to a neutral zone (0); 2 - RSI needs to touch 40-50 level; 3 - Candle needs to to approach the EMA 50...
The ORANGE LINE define our uptrend support. If bitcoin closes ABOVE the orange lines, we still in bull run. If Bitcoin closes BELOW the orange lines, we will have see the reversal, bearish scenario. What we need for a healthy correction: 1 - MACD needs to go to a neutral zone (0); 2 - RSI needs to touch 40-50 level; 3 - Candle needs to to approach the EMA 50...
BTC / USD Possible Breakout of the pattern If this pattern successed The price will go up to test trendline resistance From this chart i expect next target for BTC will be between 25K - 25.5K
Hey friends, hope you are well and welcome to new update on Bitcoin. Head and Shoulder pattern and resistance: Previously we have seen that on a 4-hour chart the price action of Bitcoin formed a head and shoulder pattern and found resistance at $24200. Now the BTC has broken out this resistance. Fractal resistance is broken out: On the daily chart, after...
Here is why: - Extremely overbought - Mark the date DEC 17, for some reason we always see major trend reversal on this date - DXY found major support. The price of bitcoin is inversely proportional to the dollar: Where can BTC find its new support? - Possibly around 15K, 13K, or 9K region How long will this last? - Nobody knows, only chart will tell. If this...
If the priceline breaks down the 100 simple moving average, then an H&S can be confirmed and a drop up to $22500 can be expected.
It is not to late go long fractal suggests the MA's opening is very bullish.
BTC bullish is still in view until wave 5 is completed but expect wave 4 correction soon trade responsible
I expect a corrective structure to take place serving as wave 4 in the nearest time, before we experience another bullish move of wave 5
This chart was published few days ago. What I can tell so far is that BTC has reached its zone which might extend to ~27k. negative divergence started to show up in the lower timeframes. being the iv of 1 wherein wave ii was quite shallow, I do expect a deep retrace to 11-13k. PS: my charts are simply ideas. not financial advices. Thank you for your support
BTC/USD Breakout of symmtrical traingle or flag The next targets according to fibonacci : 23700$ -24160$ - 24300$ -24600$ 🚨 Invalidation of this pattern : breakdown below 22k
BTC/USD bullish in 1h due to a bullish hammer.
There are a lot of coincidences on the BTCUSDT chart. Just look at how the calculations get to the bottom of 2018, then the first high of 2019. And so it turns out that this week can become fatal. And another interesting coincidence of dates adds intrigue: On 17 December 2017, ATH BTC was fixed at level of almost $20k and today again on 17 December only 2020,...
Bitcoin rose to our first target (of 21,000 - 21,730) Right now we have just taken HUGE profits and closed partially our Bitcoin positions but we do have about half of them still open because the resistance might be broken.
I have been meaning to post this for a few months now. Bitcoin has been operating in this triangle since 2017. I feel the upward breakout from this triangle will be a new step in establishing the new Bitcoin cycle. For me, I would like to accumulate more Bitcoin anywhere below the median of the Bollinger Bands on the weekly as long as we stay within the triangle....
Everybody's having fun. Look to the future now. It's only just begun… We couldn't think of better words than Slade did back in '85. The Bitcoin Bulls deliver an early Christmas present and break above the 20k mark. The breakout confirms the bullish pattern as depicted in orange. We think that higher quotations are now inevitable, and prices have room to roam. Next...
Was playing around with ideas what a path to 50k would even look like. Some people think it is impossible to hit such prices but zooming out you can see the progression looks very natural. Nothing technical here just a fun chart lets see.