Chart Time: Daily (~4 year history)
Pink = 20 EMA
Blue = 200 DMA
Main Trendline (2014 start)
1: We don't need to regurgitate how awful 2018 has been for BTC and crypto markets as a whole. We have found ourselves in the top 3 worst recessions so far in BTC history measured in terms of price correction + duration. So congratulations if you're...
Bitcoin is clearly attempting to break through and make new highs and continuosly failing to do it .
Starting from January 13.th, we have obvious downward tendendcy (after making all time high), continualy had lower and lower rebounces like 20.000/11.700/10.000/8500/7400/6800.
With all that said, Bitcoin as failing to breach 6750 in 4 attempts (while making...
Hello to all who watch my charts.
Here is the new updated situation in Bitcoin 6.4.
It happened just like yesterday
"Either Bitcoin is rising above 5065 on the basis of the 4 HR chart and is likely to go above 5145 to reach new highs and move to a long position."
Yes, that happened just now.
I have marked it with a green arrow now,
The buyers are...
Hello to all who watch my charts.
Here is the current situation in Bitcoin.
After the impressive rally on
over 5000 Bitcoin is now in my oppionion in a short position
We have lower lows and lower highs, which is clearly proven since the fall below my middle blue line at around 5000 points.
Interestingly, the BTCUSD comes back, right up to my top blue colored...
I had Bitcoin marked on a down trend line on the H4 chart, BTC then broke past that resistance. We are seeing a triangle forming like the previous one where we saw a nice breakout. Could it repeat itself? Or will it break down to support levels & depress all of the BTC HODLers...... HMMMM.
Let me know your thoughts below. I personally am not bullish ....Yet....Yet.
Bitcoin bears slowing down near very important even handle 3000 mark and also previous support zone. This could mean that we could see a bull run to the 5000 mark but i wouldn't be very optimistic for the price to go any further. Bears will strike at that price and might push the price below 3000. Anyways all eyes on the 3000 mark and let's see if the price will...
As we can see at the moment this one looks quite side way after recent pump of tether issue. We nee to be careful on this setup as there is no ultimate sign of things will go up and down and it's quite hard to pick which way the price can go.
6 recent candles forming up a quite equal bear and bull power on the market. Plus it's on the middle of BB line.
Bitcoin is forming Head & Shoulder Pattern on the 1 Hour Chart. Waiting for neckline Breakout. Buy for a quick Profit.
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Bitcoin Technical Overview
Day Trading Range: $6410 - $6070
Day Resistance: $6365 - $6450 - $6480
Day Support: $6280 - $6200 - $ 6130
MACD: MacD shows short term bullish volume.
Moving Avg: SMA20 is support Bitcoin at $6310, if break it than more down fall.
Most Likely Scenario: Short Bitcoin $6400 - $6450 with strong stop loss $6588 &...
In my view, the most important thing is is that the MACD lines are beginning to touch for the first time since crossing bearish in January 2018. We've already corrected a lot, but still need capitulation to mark the bottom of the bubble (in my opinion).
Bitcoin Technical Overview:
XBTUSD CMP $7370
Day Trading Range: $7220 - $7542
Key Resistance: $7420 - $7475 - $7548
Key Support: $7265 - $7220 - $7139
Technical Idea for Intraday
Most Likely Scenario Long Above $7330 with extension till $7420 - $7475.
Alternative Scenario Short Below $7220 with extension till $7139- $7065