Bitcoin has been in a steady accumulation range between $46k-$51k for the past 23 days. From this key level we can expect continued bullish momentum towards the upside to the next key level of resistance at $57k. Currently Bitcoin is 25% from its ATH price @ $64k. If we can have a clear break of this resistance and hold above $51k flipping it into support we can...
Bitcoin Update 21/08/21: Road to $74k is clear, but first Bitcoin has to break above $51,068 and flip this into support for the next leg up to the 78.60% Fibonacci level at $57,125. If Bitcoin can flip the 61.80% fibonacci level into support we could see bitcoin approaching the $60K region looking to push for a new ATH. The 61.80% fibonacci level is a key...
The Bitcoin Bulls are Back! After setting a new ATH @ $64,841 in April, Bitcoin experienced its the first major sell (some may say manipulated) off in this Bull Run Cycle (-50% from the top). We have been closely watching the BTC chart for a strong trend reversal signal. From the ATH @ $64,841, Bitcoin formed a triple bottom in the $28-30k region, the last bottom...
Hi there, Bitcoin's analysis in weekly time frame was published To have a better view of the market.
Now we can say that THIRD ELLIOT WAVES is started and the end of this wave must be 120K area according to technical analysis so there will be a major correction there even deeper than last one!
More description is on the chart, See and share it with your friend,...
As many others might suggest, BTC's bull run and dominance has seemingly come to an end . Personally, I believe this was long over due. Its technology as a whole is fast, secure, and reliable; but when considering BTC relative to the thousands of other cryptocurrencies it is superior in popularity but not much else .
Elon Musk recently commented on...
I wanted to make a post about my current opinions of Bitcoin. Although I am a bull, I do believe bitcoin is overdue for at least one red month or two and we are starting to see signs of market exhaustion. With what seems as if every large financial institution and tech company is investing in bitcoin, why do I think this?
Well, the market is...
BTC is at ALL TIME HIGH.
It's been holding since last week
If weekly candle closes below 20K Then
there might be a chance of 17k then 14k
Trendline can be scene
Remember that it can be FAKE BREAKOUT too
just to lure newbie investors so
This month is really really crucial for BTC.
I hope it won't break above within this year.
Hello everyone. I saw a post about a prediction for Bitcoins next top that was just ghost candles from last bull run slapped on top of their expected next bull run with an expected high of roughly 300000. I didn't necessarily agree so I figured I'd give my perspective.
Historically speaking, Bitcoin has grown logarithmically over the years in such a way that the...
History tends to repeat itself, and the bitcoin halving appears to be no exception to this particular rule.
In 2016, during the second BTC halving, the BTC price experienced strong growth before the halving. A bear market followed, consisting of a 40% drop in price from the pre-halving high to the post-halving bottom. Afterward, a lengthy ranging period ensued....
an Oil infected makes the rest infected.
We can only reduce the risk in such crisis, more panic will never be a good choice. So its better to wait for the right frame!
Candles predicted in red shows the possibility of a fall due to economical influence. However , we all know Crypto always maximizes the return in long if we enter the exact moment.
HI to us,
Values studied with fibo on the previous waves of elliot and on a recent click. For the indicators that push me to think about a long position, please read the related or most recent posts on my profile