Please support this idea with LIKE if you find it useful. Price lost the Ichi Cloud support zone and also Mid line of the Channel. We can initiate a short position now or wait for a confirmed breakout (candle's close at least) Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is...
On hourly chart, 30 March after hitting the recent lowest price at $5856 the Bitcoin moved up by 13% in less than 24 hours. And now the candlesticks are being consolidated at this level and likely to form a bull flag at this level. So far the price action of BTC has been retraced between 0.382 to 0.50 Fibonacci retracement level. SMAs and support: In the...
Since starting of March 2020 we are watching that the Bitcoin is holding very strong support of 200 simple moving average on weekly chart. Even though the candlesticks has hit the price beyond this support level but now the priceline is moving above this support. At this time we can see that we have third green candlestick signaling that the price action is...
Please support this idea with LIKE if you find it useful. Price retraced of the higher boundary of the Channel and can break the Mid line of the one. If there is a confirmed breakout of the Mid line also the Ichi Cloud support zone we can initiate a short position. In case we have a breakout of the lower boundary of the channel we can also initiate a short...
Please support this idea with LIKE if you find it useful. Price was rejected by Ichi Cloud and Horizontal Resistance. So we can take a short position. Nevertheless if we have a breakout of horizontal resistance it will be a confirmation for the Descending Broadening Wedge pattern and we will go upward. Thank you for reading this idea! Hope it's been useful...
Please support this idea with LIKE if you find it useful. Currently it's all depended on 5.600$ horizontal support, if it holds the price or not. Let's see why: On weekly we keep rejected of the horizontal resistance zone. It's been the second rejection and might lead us to retest the 200 MA. On daily the death cross was produced and we have a breakout of the...
Depens on the study data that i have done last days, expecting that bitcoin will get a huge increase breakout. This can done by the whale effect. --> at this moment the effect still MX-410 AS IT LOOKS BTC WILL GO DOWN, AND SOME WAIT FOR THE 5500 , DEPENS ON MY STUDY BTC WILL NOT HIT THE BELOW 5500 , IT HAVE HUGE WHALE EFFECT AT 6k AREA. ----> EXPECT BTC WILL...
Please support this idea with LIKE if you find it useful. Price has two option of the Rising Wedge formation. First already produced the breakout. In second one we are sitting on a support trendline. In case price retraces of the Ichi Cloud support zone the one can test the resistance trendline (previous rising wedge support). If there is a confirmed rejection...
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Maybe you have seen it also today, BTC looks very stable , it looks btc will get a correction 6400-6500 usd before the bull up trend. i am still waiting for this correction, depens on data is chance 75% that btc can go to 6400-6500 before up trend. ---> btc should get high volumes, this can be done when btc get a correction. # this is not an advice, trade...
Please support this idea with LIKE if you find it useful. We continued consolidating, so the plan is the same wait the breakout of either horizontal support or of horizontal resistance zone and then initiate a position. Btw we got an Ascending Triangle, but the pattern will be confirmed only if the upward breakout happens. Thank you for reading this idea!...
Bitcoin Block Reward Halving Coming soon over 49 days ---> depens on the market change in USA and ASIA can this example on the chart idea for long term. ( this are only example chart not confirmed by whale effect or volume). the expecting charts depens on data will be adding here on the channel soon. my expecting for now are to 6.9 7K+ area. But this will...
BITCOIN WILL RISE BACK TO 7K. Bitcoin did hit on some exchanges 7K area. and on binanace ---> 6960 for those had private signals , i did update them to sell at 6960 ---> see proof of some hours back when btc was 6960. snipboard.io ------------------> EXPECTING BITCOIN WILL TREND AGAIN HUGE BACK. THERE IS SOME GOOD UPDATES I expect a huge back trend to 7K...
Please support this idea with LIKE if you find it useful. Price is consolidating below the horizontal resistance. It's not recommended to take any position until price produces a confirmed breakouf of either boundary. In case with an Upward breakout we should wait for the horizontal resistance to be broken too, before to initiate a long position Thank you for...
With unlimited QE introduced by the FED, isn't this the exact reason why BTC was created? Bitcoin is supposed to represent order in chaos, and with the entire world being chaotic due to COVID-19, this would be the perfect storm for BTC to perform, no? The Bitcoin Halving is 49 days away, only time will tell how Bitcoin as a financial experiment will play...
Please support this idea with LIKE if you find it useful. Price was supported by Ichi Cloud support zone, also by the lower boundary of an Ascending Channel. We can initiatea Long position because horizontal resistance should be retested. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this...
A very big descending triangle: At this time the Bitcoin is moving in a very big descending Triangle the price action of BTC was entered in this triangle on September 2017. We have 4 touches at the resistance of this triangle and 4 touches at the support. When last time in Dec 2018 the priceline of Bitcoin touched the support then it turned very strong bullish...
Bitcoin Bitcoin is looking really good. We have pushed up above previous resistance. It does look like bulls may be taking control. Keeping a very close eye on BTC we need to see if we can sustain above the key level drawn. I would love to see Bitcoin maintain bullish pressure. Only time will tell.