I will write an opinion adiditonally regarding this situation.
My opinion is that traders are aware of retracement (long expected, prolonged, but inevitable).
No matter how long price is being pushed, it certanly cost money to maintain it.
Traders, someone is waiting for you to " join and participate in rebounce".
Be careful about one thing:
Don't drive this...
So far, we 've seen quite stable behavior of Bitcoin, holding above 5000 level very firmly.
Despite several serios pierces, this 5000 trendline held as Bitcoin made HH in double top at 5600 level.
Everything seems fine with Bitcoin for now.
The fact is : WE HAVEN"T SEEN ALTCOIN UPTRENDS what would actually be smart money invested through Bitcoin and vice versa...
As I was doing my last analysis around Fibonacci, I discovered this trend line on the logarithmic chart that played a dominant role in the support of Bitcoin during it's last bull run.
See my fibonacci analysis here showing a strong resistance at the trend line I highlighted here....
I would like to warn you about the current situation and about the current price action.
The price action on the strong resistance area, "the first clean resistance" as I said one of my previous posts, looks like bearish BUT it needs confirmation and the confirmation should come after today's candle close!!
Currently, the Daily candles have four rejections...
Hi guys! All irrational price parabolas in the world ends the same way! If you are riding this, congratulations, you have had very profitable trade but it's definitely time to take your profits and get out before panic selling will occur!
Hey! I am back with another Technical Analysis looking at Bitcoin.
After Bitcoin has broken current resistance level around 8200, it has seen a denial and some bear power and was frequently testing current support zone and the zone just couldn't handle the pressure no more. So support zone has been broken, panic has begun, bots have been triggered in chain...
Happy Easter Traders!
Bitcoin has been in a weird, no trade zone for a while now without much action, but I suspect that's about to change.
Bear traps, bull traps, rising wedges, ascending triangles, bearish divs... WTF is Bitcoin planning here?
To be honest, I am not in a margin trade right now as Bitcoin isn't giving much of an edge at the moment and the...
Red line is EMA300.
we bounced on it.
EMA300 is acting as the strongest support right now.
if we cross down this red line we can go 2000ish.
if we bounce multiple times on it, it should mean we bottomed, it can be a reversal bullish sign.
Happy Tr4Ding & Stay Safe !
Here we have BTCUSD 1D chart.
BTC Scenario series started in May 2018 last year !! All published ideas will be at the end of this idea hit like if you appreciate this series.
Currently let's talk about only on the last one here that talked about the expected pull-back in a simple way by touching 50 MA here below:...
There is no doubt that when comparing charts, there is a striking resemblance between Gold and #BTC performance.
In 2016, Gold retraced to the 0.382 FIB level of the entire downwards structure and Bitcoin appears to be following the same trajectory with BTC 0.382 FIB level being $9,585.
If we can get through the solid resistance level of $8,500 first, the next...
QUICK UPDATE ON HOW I SEE THINGS CURRENTLY
- BITCOIN GOT TO MY TARGET AREA QUICKER THAN I TOUGH
- MOVES VERY STRONG BUT RSI AND VOLUME IS SHOWING WEAKNESS
Everything explained in video, you guys take care and trade smart !!
Good Luck !
Silver posted +1000% parabolic gains only to crash land. Silver found a support around 200 Month Moving Average area. However the bounce was contained around 50 Month Moving Average. Bitcoin is playing a similar fractal but on a weekly Scale. Bitcon found support around 200 Week MA and is now holding against 50 Week MA. No Bitcoin upside until we break above...
It's been a long while since I have posted on Trading View, but my February 8th chart
has still been in play and very valid. I always find similarities in the BTC charts to my own life and when I need to make big decisions, BTC is usually at a similar...
Shorts Very up on 1D Timeframe.
Rsi + Macd + Stochrsi in the Redzone.
Shorts go UP but BTC still at 5300ish so it can be a good sign.
Lets see where Shorters can go this time & wait for a possible BTC pump soon.
Happy Tr4Ding !
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...
Another Update for BTCUSD Again kindly check previous updates and hit agree if you appreciate this.
Here we have BTCUSD 1D chart.
Currently we still have small gap to be completed till 7k levels, but by looking at DMI we have 50 ADX is coming after breaking Golden Fib level.
Q: Where is the pullback ?
Answer: To be simple as much I can perfect...