If btc drops below 50,000$ then it can see 44,000$ , but i dont think it would see that prices and i think btc will soon start next wave since 50,000$ and we will see prices higher than 100,000$ in 2021 guys :)
BITCOIN UPDATE ok so the weekly is not looking nice short term, we have hit the ATH and rejected massively forming this big double top formation, the weekly candle the way it has closed we can expect the next candle to fill in the wick. So i am short term bearish on BTC.... check the next analysis on the daily timeframe......
A few ideas for Bitcoin During the bullrun it can be seen that 'hills' form throughout the run (labelled 1,2,3..) This is evident in the 2017 run and 2020 run The cup and handle idea is just a wacky idea that I threw together, it could also be viewed as a massive bullflag that has taken form Currently the price is acting strange, not forming a 'hill' but...
En Bitcoin estamos en la corrección de la 5ta onda de Elliot . El precio puede llegar a buscar la finalización de la onda C, entre los: 40mil y 44mil. (USD)
Looking at bitcoin here on the 1hr chart we can see that price is still within bullish nature as shown within the higher time frame ascending channel price is within, price made an ascending channel within an ascending channel forming a 123 touch structure where price rejected from at the third touch. Price has then since made an impulsive push down to the...
BTCUSD - Intraday - We look to Buy at 59255 (stop at 58344) The primary trend remains bullish. We look to buy dips. 20 1day EMA is at 59300. Dips continue to attract buyers. Bespoke support is located at 59200. Our profit targets will be 61751 and 63172 Resistance: 61200 / 61800 / 63000 Support: 60000 / 59200 / 58200
Taking into account the hot situation on the market, it is high time to resume the "Bitcoin weekend" section №14 and share our thoughts concerning the situation on the market. Bitcoin has been growing on average volumes for almost a month. And last week, the market asked for a correction to cool the crazy growth. Only the news impulse was lacking to trigger...
This was actually very easy money. As you can see in the chart the wick made a fakeout to the downside (going past my support), but the next candle respected my blue line (support holding) and the price is now recovering from the sell-off it had yesterday.
after the serious fall to 51000 bitcoin is now recovering and the uptrend will continue till 73k were it faces some retracements and is also a target for a lot of people
Basically market absolutely shat itself while I was enjoying some sleep after a good night out to the pub Sadly some longs I had been building took a sting Reasons: Hash rates in China died due to a huge blackout their which correlated with big downturn Also, lost 59K and it created a chain reaction of sells and long liquidations as price had been stuck above...
Bitcoin has recently broken another wedge lower trend line. I took some profit in ETH and BTC when BTC was >60k and am now looking for some entries. My strategy is long term hold, but I do rebalance my crypto against other assets in my portfolio so that has been forcing me to do some selling. I want to be patient and let this break in momentum play out. So...
Again -- it's just a matter of perspective and what shapes and patterns you are choosing to draw. Price action is always random and it's only our choice to draw patterns on it that make it seem like it's not random. Here we can see a perfect and massive ascending triangle on the weekly, accompanied by a perfect reset of the stochastic RSI during all of the bullish...
This is a video follow-up from an analysis I did last year. I also speak a little about Bitcoin dominance and Litecoin. Hope you enjoy! The original analysis is linked at bottom. This is not financial advice - this is meant for speculation and entertainment only! -Victor Cobra
We're experiencing a heavy red sunday. BTC fell through the 100 & 200 MA and dipped straight into the golden pocket. RSI dipped below 30 but recovered immediately. We saw this as well a few weeks ago after which Bitcoin recovered strongly. Targets are both red areas around $60K
To read the full article on why bitcoin dropped and what we can do to prevent it, click the link. (2 minutes read) www.buymeacoffee.com Pullbacks happen for different reasons, but they're guaranteed nonetheless. Price structure is still intact. We're still making higher highs and higher lows. If we close above the 50EMA today, it would indicate a good...
Hello fellow trader Please see the attached parent analysis for the bigger picture. This is just a detail on how the price target of the wedge might be reached. As one can see there seems this fractal in play (light blue bordered areas). Trade safe Nik
Bitcoin seems to have temporarily lost its energy to climb,but in any case i think we have two scenarios for it that are likely. Red Scenario: bearish to about 58000 and then BoOoM! green Scenario:Tuch 60000 lvl and then Moon!