Here is the drawing for Bitcoin, which i posted in summer.
I add a little bit new details and previous chart followed this pattern well, but not exact numbers (sorry about that). Previous part:
New chart will be active untill cristmass / beg of Q1 2021....
💎Technical Analysis Summary💎
-Buyers are aggressively bought the dip for the 3rd time
-We can see a Bullish rejection candle at a 17.3k dollar area
-BTC manages to get above the 0.5 Fib level which is a good sign of strength
-I'm expecting Bitcoin to consolidate in the next 24-48 hours
-If we want BTC to continue higher, it must not go below...
Here is the update on history of Bitcoin. NEW +1 Phase spotted. I find 7+1 Phases of the bitcoin from the top of 2013.
1. Descending Triangle Phase
Price in form of triangle, in 2013 this pattern last for about 398 days.
In the 2018, we can see similar triangle shape and price last here for about same period in 341 days. Next phase
2. Ascending Triangle Phase...
1. Smart money action:
The on-chain smart money actions are now stable at a bullish level and are higher than the July level when we had the 10k break out. This not only is similar to the on-chain developments before prior bull runs, but also indicates a strong support at 10k. Institutional investors showed picked up interest in the crypto space...
Price of Bitcoin just made a pullback from 13200. This price was reached after Bearish Crab pattern printed. We can expect small rise inside 13700-13300 range before another pullback towards 12800ish prices.
How US elections will influence on the price? Well IMHO, price will follow it's own direction after all, but short-term price fluctuations is possible.
Hello, here is the Bitcoin price action plan. Today Bitcoin reached new daily high at 14165, Tail of this wick could take a lot of liquidations and stop losses.
On the chart I visually represented 3 Trading Ranges inside Expanding wedge.
☞ Inside trading range price printed resistance with a-b-c-d points, where point c is higher than others.
☞ Support built...
Fundamentals not even kicked in... Still low media attention to Bitcoin. Pretty soon things will change.
Price action very familiar to 2016/2017, current price printing First Signs of Parabolic. This could bring prices to ATH back again.
But hey, do not hodl blindly, use stop loss, and learn how to improve in trading/investing.
Stay tuned to Artem Crypto
In 10 year history, This is the longest time Bitcoin has spent above the coveted $10,000 level.
With other major milestones like $1, $10, $100, $1,000 BITCOIN never retraced below it, When it stayed up 62+ days or more
Hello there, here is my view for BTCUSDTPERP. Enjoy!
This chart is referring to my previous big picture, so please go and give a look at that too.
Trump looks like he has recovered from some health issues caused by COVID-19 infection; I believe this is a bullish fundamental for all the market, especially with presidential elections taking place in less than one...
Because over 65% of the time the market is in a trading range, either the form of a channel or sideways. its a shame that only less than 45% of the time you will see a clear trending market and if you are the type that typically always over position, a slight little move against you will most likely lead to a big loss for those of us trading on Futures account....
“You are a child of the Universe, no less than the trees and the stars; you have a right to be here. And whether or not it is clear to you, no doubt the Universe is unfolding as it should”. ---- Max Ehrmann
1. Smart money action:
The on-chain smart money actions are now stable at a bullish level and are higher than the July level when we had...
Hey! price of bitcoin is moving next to resistance of triangle and sloping down to support zone of this pattern. Next move of bitcoin could be bullish, because bulls usually very active in Q4. So hopefully we going to see price rise to 12000+. I will put SL for this trade below previous lower low.
1. Smart money action:
The on-chain smart money actions are now stable at a bullish level and are higher than the July level when we had the 10k break out. This not only is similar to the on-chain developments before prior bull runs, but also indicates a strong support at 10k. Institutional investors showed picked up interest in the crypto...
Hey! It is possible last dip before great lift off. I always recommend to follow risk management, do not let yourself to lose more than you can.
We still didn't see any major drawdown since March, so keep in mind any possible scenario.
Now it is now cheap to buy, but highly possible to see FOMO run after consistent printing of higher highs.
Price action of btc often offers traps and fakeouts. Make sure you running safe risk management. I will expect attempt to make new higher highs in next period before any major retracements. Stay safe. Have a nice profits.