So as everyone sees price stabilizing and even going up on smaller timeframes like the 1H or even the 4H they are missing a big red flag. Let's take a look at the 1D timeframe which has become the relevant one because of the battle happening there.
Immediately you can see that that BTC is ranging between my white horizontal support line and the 200MA which is on...
Are you tired of FURUS lying to you about the "proper way" to trade? Are you tired of screaming manipulation in your trading when you lose a trade that seemed like it could not go wrong? Are you ready to truly understand market direction and psychology?
Then this video is for you.
Many are fed the ideology that retail minded strategies will make them money in...
The buzz around Twitter implies BTCUSDis ready to start climbing again, and at first glance at the daily chart, it's easy to agree. But lets take a look at the higher frames, which ultimately win 9/10 times when it comes to incoming moves.
Buy volume is typically generated in one of two ways
White Swan News Event
Massive price dump
As of the time of this...
Conclusion for today’s Bitcoin technical analysis: Price closing below ~9320.00 implies lower prices in Bitcoin.
A log scale of Bitcoin is presented on its Daily Timeframe with over 8 months of price action displayed. Analysis includes the use of moving averages (50 and 200), chart patterns, as well as support and resistance levels.
The trendline is the most...
Bitcoin Network Momentum (BNM) and Halving Cycle Projections
To do your own analysis/follow along, the script is in public library and can be found here. Briefly - BNM is a view created by PositiveCrypto which looks into the value transmitted through the Bitcoin blockchain denominated in BTC value plotted against Bitcoin's price. It serves as a leading...
As I have pointed out in my last idea, I´m not too much of a believer of the BTC 4 year cycle theory. Today, I want to show you why.
First and foremost, I want to show my honest respect for the well known cycle analyst, Bob Loukas, who initally shared and helped to spread the 4 year cycle theory with a big audience of crypto enthusiasts. I respect your experience...
Here we have BTCUSD D chart.
Currently we have a critical situation I will try to explain every pattern we have in this chart in a few points:
1- Descending Triangle
By breaking this freaky triangle BTC have no choice except to obey the pattern and goes to 5500$ levels where the 78% fib level, but we will...
Here's the results from my statistical analysis for Bitcoin on the weekly chart.
BITCOIN STATISTICAL RESULTS
02 Sep 19 / 08 Sep 19
CLOSING BETWEEN (at 08 Sep 19):
8939.51 - 10690.14: 61.50%
8064.20 - 11565.45: 80.50%
7188.89 - 12440.76: 86.00%
P.S. This indicator is not for sale and will not be published.
DISCLAIMER: This is not financial advice...
Buy and Sell Target( Short-Term)
Enter Price: $10410-$10420
Exit Price: $10540
I will not explain too much here, $10540 is my golden price which Bitcoin will hit it soon or later before a big dump and big pump. $10540 is an interception point between every trendlines and channels.
All the best and Happy Trading!
If you ask me, I will say there are more bearish signs than bullish ( Except manipulation happens)
RSI is building lower low, BITCOIN was performing very well from a bullish trend that increase the possibility of dropping further after double bottom. A correction elliot wave will be starting to build. Besides, it did not make a breakout and we could...
I have to say sorry that I posted it late because the re-entry price for short-term is achieved but I have to wait for more time to give you a clearer picture. I hope you have bought at my previous golden entry price. Here is my continuation of previous post.
$10253 is a price that we should re-entry and also the stop loss premium price. It is...