TLDR: Bitcoin will possibly retest $8400 before going to test the higher lows of $6k.
Trading Concept of the Day: Highs and Lows. In technical analysis , it is the overall direction of these highs and lows that constitute a trend. An uptrend is classified as a series of higher highs and higher lows, while a downtrend consists of lower lows and lower highs.
For...
BTCUSD has shown an impressive uptrend in the last weeks, but the momentum is starting to wither as we approach the 10K resistance.
A very strong zone of resistance as is a very powerful psychological number, not only around number but a 10.
The hanging man that is being formed during this week (27 may - 1 jun) is a very clear indicator of the uptrend coming to a...
Hello my fellow cryptonauts. Normally i stay as an observer to crypto content but i decided i might give my 2 sense today. As you can see on the 4 hour, RSI momentum recently put in a double bottom and may soon breakout. We have also just completed a move higher and are currently in bullish triangle consolidation. Bullish triangles have a 70 to 80 % chance to...
Based on the current trend, Bitcoin has faced major sell offs and the market picked up from some of the lows that the market reached. And is currently retesting the Resistance (R2) and at the time of writing the price of BTC is at 7350. Now if Bitcoin moves above this resistance line then there is a high chance that the Resistance line (R1) might be retested but...
I always watch th 1 3 5 and 15m charts when I am chilled. It gives me the fastest data to pay attention to. Now, it's not always accurate, unless you watch for the areas of pivot and capitulation that you know are on the table, we are watching those now. Thank you for sharing this journey with uS!
This is no advice, Just, well, lets call it my guess out look, but...
Strange correlation between Bitcoin price and Game of thrones season airing. Since the inception of Bitcoin, we have never had a bear market during the GOT Season. Every season has had relatively positive movement as explained by the cycle. The biggest of them being in Season 7 in 2017 with a whopping 157% increase between the highs and lows during the cycle....
Traders who have already been burnt and learnt the experience know not to get too much carried away by the general euphoria in the market especially when its a bit too much. Agreed that BTC has started a bullish trend and the sentiment is quite positive everywhere, but this is where we have to be careful. Now seeing the price action where BTC jumped 1000 points in...
BITCOIN LOOKS TO BE IN A BULLISH TREND BUT WE MAY SEE SOME SELLING AROUND THE 6500 LEVEL
REASONS FOR ENTRY
- 6500 EVEN HANDLE PSYCHOLOGICAL NUMBER, (POTENTIALLY LOTS OF SELL ORDERS AROUND THIS LEVEL)
- COMPLETION OF AB=CD MOVE
- FIBONACCI 161.8% EXTENSION COMPLETION
- MAJOR STRUCTURE LEVEL, MULTIPLE TESTS AND REJECTIONS AT THIS LEVEL AS SUPPORT AND RESISTANCE
-...
Hi guys, welcome to the last post of my quick hyper bearish series. Without any special comments, I have just cleared up some geometry in previous charts and here it is. To all bulls out there, please, stop comment about bottom is in and other nonsenses! I do not care! Thank you!
Take care!
-DP-
Hi, my first ever publised idea, hope you guys like it...This chart looks simple to me, dropping to g-cross and to the strong fib level at one time,
comment with your ideas.
Targon
Bitcoin is here to stay, that´s my believe. A huge global financial fatality is coming, the mother of the bubbles, the Bonds, is ready to burst. The 247 trillions global debt is insane, governments, banks, corporations, and individuals are borrowing at a rate that they may not be able to repay, or only pay the interest of these debts. Developing countries, which...
Network Value to Transactions ratio measures the dollar value of crypto asset transaction activity relative to network value. This is a simple way to compare how the market prices one unit of on-chain transactions across different networks, together with Ichimoku are the only indicators that anticipate what´s next. A professional/institutional trader in Bitcoin...
Hi guys, here is my updated PURE SPECULATIVE 2 year "crystal ball" prediction of the price of bitcoin. I see potential capitulation not sooner than second half of this year!
Take care!
-DP-
Bitcoin may be making a healthy correction which will last longer than expected. If the triangle where the price is trapped get broken to the upside with a wick above 5250 the correction is pretty much over, but what it looks is a triangle wave 4 before the last wave 5 down making what it could be the first impulsive wave of a corrective ABC from the last high at...
Hello, this is our point of view on BTCUSD, we wait for a retest around 4.600$ support zone, after confirmation we go long. We hope you enjoy our analisys. Have a good day!
