I came across this idea of using chaos theory and converting them into Fib levels. Looking at this idea, i decided to plot out "wild levels" where we use the 4.669, 8.77 as the "wild levels". I took this even further and added the 11.09 and 17.94 fib level to the chart. What i found the most interesting is that the 17.94 fib level, represented the following bull...
This article is for those who have seen the "end of the bull cycle" on the bitcoin chart in the last two days. Why don't we think this is the end of the bull market? I will not hide, most likely bitcoin is close to the end of this cycle, but now is not the end and here's why: 1. The global uptrend is not broken. Even though in 2 days we saw a 13.7% drawdown, we...
I am currently in a sell position from the 59688 level and hoping to take profit around 51163. It is always healthy to trail your stop loss into profit, because we are not market creators. We are top down analysis traders. I have marked a possible pivot place where we could start to see some buying pressure and an aggressive reversal to continue the macro trend....
BTC / USDT In my last idea about BTC i discussed a possible retracment to 52k level but that didnt happen yet and price move above our ascending channel which considered as fakeout for now 52.5k still our key level of support price closed below 20ema for first time since 8 march Which suggest another drop to 52k Here is equal to 0.618 fib level and 50 ema...
This is our updated Bitcoin chart with possible scenarios and their equivalent %. There is a agood 15% that the price is rebounding from it's current mild support (middle of the channel). The main possibility though is for a further drop to previous supports. 48,000 level can act as a brilliant support level but the most crucial level for the future of the...
Plain and Simple Bitcoin Daily Analysis - 3/16/21 - BTCUSDT Bitcoin is still correcting as of this day. Last week I called the 48500K level for a retracement, and more it goes, more this scenario seems probable. Right now, the Vix is already very high and RSI nearly oversold so we might hope 52500 will hold well, but at this point, That wouldn't be a sure...
Bitcoin struggles to secure support at $54,000 as a drop to $50,000 becomes apparent. The short-term analysis shows that the least resistance path is downwards. Support above $54,000 will shift the bulls’ attention toward $60,000. Bitcoin lifted to new all-time highs above $60,000 over the weekend. The real break saw the flagship cryptocurrency hit a barrier...
here we have had a clean sweep of the recent lows, taking out longs which will give us more buyers higher up clean claims of pink and the 0 would be my ideal longs but I need to sleep so will miss my confirmations, F If these weren't told hold which knowing Aisa could happen, but I think it would be stupid if so we will bounce anywhere from 52K-49K 1D demand zone...
💎BTC/USD🌴FREE UPDATE🌴 Dump to $45k next⁉️ - Yello ladies and gents😎🔰 💎Resistance worked as a proper resistance should work and Bitcoin is seeing a rejection from the $59,999 zone, which we have been mentioning last time. 💎As a confirmation for this move worked the fact that whales were not supporting this move from $50k to $60k based on the on and...
Until the upcoming pivot, it is weekly, and to defeat it, it must have a weekly candlestick close above 58,000 and bring its price to 65,000 and close to it. After that, the level of dynamic resistance Available can increase the price to the flip area from 55 to 59. In case of failure of the static resistance, it can increase its price to the price of 80 to 100...
We saw the same thing on 22nd Feb and I was thinking to wait till the end of that week to confirm the divs then get some sells going however it dumped hours into the first week started, retracing 15K in total Here same could happen, just need the RSI to tick down and it might shit the bed Target for drop would be about 52K if the divs was to play out properly, but...
Good day to all profit makers! If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! - If we do not break above 58000 a further bearish downtrend can be expected - Possible ABC Correction Wave. -Possible that we can break out into new ATH - Consult the chart for more information. - Note: - This...
Plain and Simple Bitcoin Daily Analysis - 3/15/21 - BTCUSDT Last friday i was writing : " Elon twitted again over Bitcoin , and it had nealy no price effect." God, how wrong I was ;) Musk is now leading the dance. Every single tweet has tremendous effect on bitcoin price and trend, on the postive or the negative side, depending. Musk gave us the 60K...
Taking a look at the daily bitcoin chart with the Fib retracement tool. It looks that we may have formed a tweezer top at the all time high. If the current daily candle doesn't close above the top could it be safe to say we may see a possible reversal to the 0.236 Fib level at approx $57500. Keep in mind a re test of this level would still have Bitcoin in a...
Many people don't think that bitcoin will fall anymore. Everyone believes in continued growth. Be careful to put a stop loss. Take your risks. SEE you & You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a...
Bitcoin has bounced off immediate support around $59,000 and is moving toward $70,000. The least resistance path is upward based on the applied moving averages. Failure to break above the ascending channel's middle boundary may increase selling pressure, perhaps push BTC under $60,000. Bitcoin broke out during the weekend to trade a new all-time high of...
BTCUSD - Intraday - We look to Buy at 48712 (stop at 47696) Daily signals are bullish. The medium term bias remains bullish. Trend line support is located at 48700. Bespoke support is located at 48800. We look to buy dips. Our profit targets will be 51488 and 52288 Resistance: 51000 / 51500 / 52000 Support: 50000 / 49200 / 48800