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I am seeing a lot of fractals comparing these two movements, so decided to take a closer look.
January 2015 - The decrease began on Nov. 13, 2014, when the price reached a high of $453.92.The decrease culminated with a low of $152.4, which was the capitulation wick. The entire daily candlestick was below the...
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Price was rejected by Horizontal Resistance Zone and broke the support of an Ascending Channel. So we can see a further decline
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Remember this analysis is not 100% accurate. No single analysis is....
This are my last final update for bitcoin to 7K Area. as i did add before that i will update you at----> 6.7 area.
There are manny good trends ---> china will open over some days fully --> more usdt transactions to btc exchanges. and more!
I expect in some hours max 24H bitcoin to 7K! as i did told in my before update max 24-03-2020!
if you want become...
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We have a descending triangle and also falling wedge if we draw support by newer lows. Situation looks confusing and the best option trade a breakout. The breakout should be confirmed by candle's close at least.
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THis is not a new update about the chart, but only a pm for the panic sellers , i want say 2 things.
First : dont be a panic seller for just 100-200 usd panic area ( know your plan and target )
The main goal of my expecting are the -+============> 7K area.
# some times btc need breakdown small to get the right volume to breakout. ( expecting huge breakout...
( Great news from china ) From now until max some days bitcoin will breakout to 7K area as my expecting.
No new infections reported in Wuhan corona epicenter ( corona looks over) what means good news also for bitcoin ---> asia market
It looks Asia markets ready to pump btc to new level----> depens on data.
## Great news from china :
Alert: Bitcoin can also hit...
depens on data that i have at this moment expecting bitcoin will be in max 24H on the 6400 area. this can also happend before.
The main goal of btc ---------> 7K area .
THis is my last update before the 6400 usd!! the next update will be after we have hit 6400 usd.
See also my before update about the 7K area.
Hotbit as buy exchange shows great buy data...
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Price formed Three Black Crows bearish candlestick pattern. In case there is a confirmed rejection of the Ichi Cloud resistance zone we can initiate a short position. Also if price loses horizontal support we can initiate a short position
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The weekly close for the BTC price will be later today. The price has created several long upper wicks, a bearish sign.
In addition, it is still very close to the daily and weekly resistance levels. If it loses the daily support, a rapid downward move could follow towards $5650.
Weekly Support : $6050
Daily - Support : $5050
Weekly Resistance : $6850
Daily...
Why BTC is getting stable while other markets are still going down?
Even though all markets are moving down but recently we have seen that the Bitcoin and top cryptocurrencies are getting stable if we see the market cap of cryptocurrency market then at this time it is more than 174 billion dollars. Few days back it was not more than 140 billion dollars as per...
A strong case for a long term 5 wave triangle can be made ( Unfolding on the daily chart as Yellow label ABCDE )
* Triangles tend to unfold with the inner legs in threes ( This has been the case so far from the all time high - Blue labels ABC)
* Triangles tend to form as a pause in the greater trend ( If this is the current case - When E down terminates, the...
From the recent low of just under 4k, BtcUsd has started to rise to put in higher lows. The price is now at 6400 and a trade with a stop loss under 6k figure could have a good R:R of 1:2.
I favour long trades.
Wuhan reported no new coronavirus cases today for the first time, its great news for china, and also for btc.
I expecting bitcoin to 7K in max some days as said before --->> you should know btc go in lines, up/down trends---> but it depens on the hgih goal --> 7K, dont be a panic trader, know your plan and target, and your stop limit.
Expecting also soon we will...
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Price was supported by Ichi Cloud support zone and formed 4 bullish candlestick patterns. We can see the retest of the higher boundary of the Ichi cloud resistance zone.
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Remember this analysis...
Bitcoin is in a critical point!
In chart you can see 2 possible scenarios
SCENARIO 1
in the case we pass the 6.4k resistance , we will retest 10.5k resistance and if we pass 10.5k we officially reversed the trend and directly test 14k again.
SCENARIO 2
in the case we got rejected from 6.4k we will fall below the 200Week Moving Average, wich is a bad...
its possible for bitcoin to breakdown in 24H the 6K area.
The target are 5.6K, but below 6K is possible in 24H, as on 2 exchange still the whale effect on MX-100.
EtherFlyer exchange and hotbit, have a selling whale effect, where i expect its possible that we can breakout in 24H the 6K zone.
----------------> most important is my expecting that we will hit the...
