The Bitcoin has broken out the wedge:
In my previous post we have observed that on hourly chart the priceline was moving in a wedge since 20 March 2020 and at that time time the BTC was at the center of the wedge. And I shared my expectations that there were more chances of break out rather to break down. At that time the resistance of the wedge was at $6800 and...
On hourly chart, 30 March after hitting the recent lowest price at $5856 the Bitcoin moved up by 13% in less than 24 hours. And now the candlesticks are being consolidated at this level and likely to form a bull flag at this level. So far the price action of BTC has been retraced between 0.382 to 0.50 Fibonacci retracement...
Previously I have posted chart where the price action of NCASH formed bullish Butterfly. And at that time the price action was moving above the potential reversal zone of this harmonic pattern. And at that time I was expecting soon it will enter in PRZ level to give us buying signal. And eventually it entered in potential reversal zone and moved up for more than...
Previous Harmonic Move:
Previously I have posted chart where the price action of BQX was forming bullish BAT. And at that time the price action was moving above the potential reversal zone of this harmonic pattern. And at that time I was expecting soon it will enter in PRZ level to give us buying signal. And eventually it entered in potential reversal zone and...
Bitcoin Block Reward Halving Coming soon over 49 days ---> depens on the market change in USA and ASIA can this example on the chart idea for long term. ( this are only example chart not confirmed by whale effect or volume). the expecting charts depens on data will be adding here on the channel soon. my expecting for now are to 6.9 7K+ area.
But this will...
Bitcoin is looking really good. We have pushed up above previous resistance. It does look like bulls may be taking control. Keeping a very close eye on BTC we need to see if we can sustain above the key level drawn. I would love to see Bitcoin maintain bullish pressure. Only time will tell.
A strong case for a long term 5 wave triangle can be made ( Unfolding on the daily chart as Yellow label ABCDE )
* Triangles tend to unfold with the inner legs in threes ( This has been the case so far from the all time high - Blue labels ABC)
* Triangles tend to form as a pause in the greater trend ( If this is the current case - When E down terminates, the...
Hold your horses and spaceships, do not FOMO in just yet, there might just be plenty of room for better than good buy-ins and for massive %%% gains in a very near future. Introducing coronavirus-infused falling wedge, scaring away the others, but for those being patient and ice-cold enough, giving an opportunity for 3K+ bitcoin!! Too good to be true? We shall see...
You know what I'm getting at. To me this is what I see occurring over the course of the year as the COVID-19 epidemic slows down our growth until the end of the year when this hopefully all ends.
I personally have DCA'd into BTC and even bought some alts that I believe have a good future.
Have you been wondering when to buy BitCoin in 2020? If you are trading crypto currencies using a crypto currency trading strategy, you may have been surprised that your recent sell orders may have been a loss.
Many intraday traders may have woken up this morning to see that the stop loss in their sell orders have been triggered and they are out in a loss. Why is...
nice wash-out or a serious drop?
I see a nice opportunity to buy Bitcoin after confirmation!
if we bounce of the marked-up structure-levels we should get a very nice chance to buy with awesome Risk-Reward!
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Bitcoin: Very Close to near Support zone
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February 10th I published my long term Weekly analysis where I stated that I was looking for an Inverted H&S. We are still on track for this to happen Mid-April/May. I've personally added to my long position.
RSI hasn't sunk below 40 where you can see historically it's bounced.
Bear Weekly volume shows that these are "weak" sell-offs.
Go long or go home.