Hello crypto friends,
Analyzing the Bitcoin chart I see fractal patterns that repeat over and over again. That is all about cycles.
After breaking down the descending triangle Bitcoin found support in 7700-8800 price channel.
BTC has the same price action behavior as during accumulation period in 2018-2019 after breaking the 6K support and falling to 3K.
In this chart you can see that a couple of things happened. #1 Just as I have been saying for a few weeks now, keep an eye on the 12H and the 200MA, once price goes under the 200MA on the 12H BTC will struggle to come back up, moreover, If price can't make it above the 200MA we will go down quite a bit. #2 We've had a trendline violation which it's yet another...
After a long uptrend, BTC is in this re accumulation phase. We could be in Phase C, as the Shake Out is happening at this moment. Expecting she would return to the trading range and advances from there for the next years. Just my 2cents
Bitcoin is resting on pretty strong support for now but as more candles pile up on top of that white horizontal line it will get heavier and break. If we go up it may not be too much higher than the combination of the green trendline and 200MA. All the up moves we have been having will culminate once they hit the 200MA for now. One thing to count on is that you...
To be clear what exactly is BTC waiting for in order to keep going up? Simple, a set up that will generate a lot of buyers, do we have one insight? Yes, look at my 3-day timeframe chart and any of the two green X's are setups that will entice buyers.
Now, there are 4 things that prevent us from even thinking about putting money into BTC. A death cross on the 12H,...
Every bull cycle in Bitcoin's past has always held the 21 weekly MA as support during the length of the bull run.
Everyone is expecting Bitcoin to dump - Even myself to an extent - However, taking out all of the Twitter guru's distraction and noise I am beginning to to think that 99% of the general public is going to be left waiting on that magical price drop to...
Last night I told you that this move was coming, how did I know? You have to learn how to read the chart through multiple timeframes and using only a few indicators. I also know the next destination, once it hits I am jumping in with both feet and loading up on alts. Which ones? We'll follow me and you will know. If you really want to make money with Crypto you...
Good Day Everyone,
It has been quite some time since I have last shared my thoughts here. Now is as good time as any to fill you in on what I see.
The last chart I shared many months ago has held up perfectly so far. As Bitcoin hit its' lifelong trend line we got that major reaction we were looking for.
This current analysis shows you where we are heading in...
So this charade has gone long enough, BTC can not keep ranging for too long it is not its style so it has to make a decision very soon. These are the signs we are looking at to get hints about where we are headed.
1. While on a range BTC keeps violating up trendlines which is a sign of going down.
2. The 20MA (The thin green line) is now moving down toward the...
Within the battle this will be a good little fight to watch. So leading to 8:00 PM EST, there will be a fight to drive the price down by the bears because it really does matter where this candle closes, and the bulls will try to do the same because well... it really matters where this candle closes. Why? If it closes down below resistance (the green trendline)...
Looks like bitcoin is retracing a bit on it's last drop at the moment.
I will expect the next drop when this ascending channel breaks.
Feel free to leave your thoughts in the comments below!
Make sure to be respectful of all comments so that we can utilize this platform to help each other and to build each other up!
After all, we're all here looking to...
#Bitcoin #Litecoin #Ethereum
Hello to all watching my charts.
Lets have a look at Bitcoin today.
As shown in my last Post the trendline for long
had been in danger /Blue Line / and have been broken now.
Thats the reason we can confirm that the jump above the neutral
section > 12000 is shure a Fake Breakout.
The prices now have been going down...
Bitcoin appears to be in a channel at the moment.
The Chart clearly shows that it broke out of a triangle which was at the top of the channel to the downside.
The highest potential for the next reversal point is now at the bottom of the channel.
Looks to me like BTC is headed back to at least the $8K range in the near future.
Feel free to leave your thoughts...
#Bitcoin #Ethereum #Litecoin
Hello to all watching my charts.
Today we had the 3 attempt to move above the 12000 resistance
and again Bitcoin failed, seems to be that at the moment
the buyers dont want to pay more than the level now and dont want to pay
more than 12000
Okay next probme is the purple trendline i told you yesterday
which is now in danger.
BITCOIN may well be shaping up to a three falling peaks pattern which is preceded by an uptrend and the pattern itself funny enough to all you bulls suggests a break further to the downside. There are three peaks, the first peak is the higher high of the uptrend, the second peak's high price is less than the first peak's high, and the third peak's high is less...