After reacting to different levels, this pattern became clear to us, Due to the RSI pattern and volumes no worries right now. We have to wait for next week !
The uptrend is still intact and Bitcoin seems to have come down for a liquidity grab sweeping the lows of 41k on the 4th of December. The accumulation pattern we are seeing is to the day the same pattern as in May and if Bitcoin keeps following this pattern to the day then we might consolidate for about 3 more weeks to around the 5th of February before resuming...
Hello TradingView 2022, I'd just like to share my long idea with you. Bitcoin retested the daily naked point of control, this poses as an opportunity to open a long position, to correctly manage your risk you should use a stop loss below the invalidation point which is below 40k. This level is a major S/R level which we've managed to stay above following the SFP...
Short BTC! Plan BTC/ USDT, Double top pattern We in support at 38.700, Strong support at 31.500 Longterm plan BTC to 20K DYOR
Bottom Line : Watching for evidence of a bottom. Outlook : We're weighing the possibility wave 2 may have ended at the $ 39650 low. Advancing above 47532.89 would bolster the bullish case. Analysis : We're considering the possibility the recent wave ((2)) correction (below) ended at yesterday's $ 41126 low, but as always we like key level confirmation....
As I said before, Bitcoin fluctuates between $ 40,000 support and $ 45,000 resistance, and the next move is marked by a break up and down. up area 2 = 47000 up area 1 = 44000 down area 1 = 40000 down area 2 = 36000 down area 3 = 30000
Bitcoin bounced from the oversold area and looks that is heading to the 49K resistance. Looking forward to read your opinion about it.
- ADX was always a strong indicator about Trends movements and strength, so read carefully the graph, this is a 2 Week view, in comments i will post 1 Month view. - Just Check ADX Overbought Zone and you will understand, for now, i can tell you that 82% of retailers are shorting TheKing and believe it will crash. - That said i can tell you that 86% of...
An update for my thoughts on BTC, I am still bullish Now is a perfect time to pick up more BTC while prices are lower and not testing ATHs everyday The double top is not along the channel but still can be observed, the double bottom occurs along the channel that can be drawn on the price structure. The 200MA will likely just revert to continuation upwards in a...
Hello my friends! This post is for all the fearful who have not yet been in the market in 2017. Corrections of this kind in the bull cycle are quite normal from my point of view. I still see us on track. I have analyzed the situation with the Trend-Based Fib Extension and also with the "normal" Fibs. In all cycles we could come to a similar result: the first top...
bitcoin in 6H TF looks good as it tested the support line we have at 41k and ready to move back up
I do not want that my prediction comes true but sorry to say that There is still a very strong sell indication as a Bearish Head and Shoulder is Completed which suggests a Further Bigg Drop to 30K or even 25K in the price of Bitcoin.
I consider Bitcoin to be in a short time Window of Opportunity area! It entered the oversold territory from which it bounced strong in other occasions. From a technical analysis perspective, in this Gap from 43K to 41K support it seems like a great opportunity to buy the dip in Bitcoin. Looking forward to read your opinion about it!
looks like the ABC elliot waves correction is finally happened for bitcoin and most likely bottomed in
Bitcoin on 4H TF looks short term bullish to me and Im expecting 50k soon in Jan..
Bitcoin has still a Buy signal for the beginning of 2022. I look for a return to 57K by the end of January! Happy New Year!
This is how started and how ended. On the last day of the year, Bitcoin has several supports: + Long term trend line (Since March 2020) + 200 MA + Midline of channel (see it in chart) + That green line (see it in chart) - Bitcoin on-chain data don't have good news - Any support can be broken BTC price is stuck between this two levels (51900 - 45500) This...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin (BTC). The chart is self-explanatory. If Bitcoin price continues upwards and does not fall below the support trendline, there may be potential for the price to go higher. The RSI complete a re-test of the support line and is moving higher. This may also help...