Looks like Bitcoin is breaking down out of this bear flag. Negative divergence in momentum. Expecting a bottom in the 29,000-31,000 region before we resume the broader uptrend towards 100,000
Bitcoin / dollar is trending on downside trend . According to chart pattern analysis, we might see more downside in bitcoin / dollar. Views/opinions are welcome to discuss thank you
There are two important areas (the red line. previous bottom). I always follow DXY, GOLD and BITCOIN, they always react to each other. if DXY goes up, GOLD comes down, and if GOLD come down, money goes to BITCOIN. be careful about these charts.
BTC going on an A-B-C correction which is very common after a good 5 wave impulse Blue 5 wave Elliot wave from 2017 to 2021 ABC corrective wave in RED Wave C is an irregular correction(Wave B ended above start of wave A) and is of 5 wave series in PURPLE Wave C has two more waves to go sub wave (4) and sub wave (5) I believe there will be a more complex sub...
Bitcoin is moving towards its new price floor after breaking its demand zones. It seems that this time the $ 30,000 zone will not create a good demand. Please write your comments. BINANCE:BTCUSDT COINBASE:BTCUSD
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.