Quick post for today. After a 20x gain over an entire year, I believe Bitcoin is confirming the next bear market cycle. Here are the technicals:
1. Rejection of the Hull Moving Average: The hull moving average has been a consistent determination in whether we remain in cycle or not. In both previous cycles, we see Bitcoin lose the hull moving...
Bitcoin has seen pain these last few weeks. There are traders that think bitcoin is still in a bull market and traders that have turned to the bear side. Here are my thoughts with analysis:
Bitcoin has done a perfect wyckoff distribution that resulted in a massive head and shoulders pattern forming then being confirmed. Hence why price dropped...
With all of the dumpage that happened, I have been searching for a potential bullish set up. It is looking like there is an inverted head and shoulders forming on the 1 - 6 hour chart. This pattern generally plays out and is very bullish. It also indicates a reversal.
Here are the technicals:
1. Inverted Head and shoulders forming on the 1...
As alt coins are exploding, Bitcoin is starting to look not so great. There is a head and shoulders pattern forming on the daily chart which indicates a trend reversal in the short to mid term if confirmed. The neckline is around $52,500 and breaking it would confirm this pattern which would then lead to a movement to the downside. There are...
Did you buy the dip? I hope so. I've been calling for the $45,000 area for about a month now and I was within $2,000. I definitely took advantage of this drop.
So some people are still bearish since we are technically still in a downtrend. Let me go over why I am bullish and a few things Bitcoin needs to happen to increase in price:
Quick post today. So as some of you know I have been saying that the long term charts for bitcoin have been looking weak and we may see a correction soon. Well here's another perspective.
Our 4 hour timeframe is looking fairly strong. With that said, there was a huge valuation for the Coinbase IPO and various alt coins are ramping up in price....
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Bitcoin has been on an absolute tear this week, congratulations to everyone hodling BTC.
For those looking for an entry/trade, waiting for price to pull back to the 200MAs for a successful retest can be a relatively safe way of entering. While price can definitely continue to run up from here, the risk is higher longing at highs.
✴️ BTC Update #BTC_Update
Hello dear community, let's take a look at the recent development of Bitcoin since the last update, shall we?
BTC hit 8700 tails yesterday and has since rebounded to currently trade at 8850.
The daily technical situation is still negative while on the 4h horizon the wavetrend has crossed upwards.
📈 Trend follower?
Negative on the 1h...
Bitcoin is trying to hold at $9800 and knocking to $10k level. I don't plan to short this pump - better to buy pullbacks, my overall bias is still bullish.
The first area I'm watching is $9550, have some bids there. The second area - is the previous resistance at $9300, as well as good for me to buy some coins. Any close below would be invalidation for the...
✴️ BTC Update #BTC_Update
It's a new week and a new month starting guys, I hope you all had a great weekend! What's new since then? Bitcoin has been relatively quiet compared to Wednesday's pump.
The daily technical situation is now negative with a buy signal given on the WaveTrend. On the 4h horizon, the technical indicators are also negative.
The transparency of the blockchain makes it possible to identify the movement of large amounts of crypto to or from the Exchange Wallets.
Last night I observed transactions of several tens of millions of USDT mainly to Binance, Huobi. Hours later the price takes off by 8% and cuts a resistance that seemed unbeatable like butter.
✴️ BTC Update
This is it, at last! After observing Bitcoin doing nothing at all under its resistance zone, the latter is now broken with a confirmation in daily closing.
The zone we are now interested in is very logically the one between 7500 and 7600.
The daily technical situation remains positive as do the indicators at the 4h horizon, even if the latter...
BTCEUR - Into Bear Flag, Previsione for a Short Position from 7.150 EUR to 6.080 EUR, (-14,56%)
BTC comes out of a very marked flag of about 73 days.
The output, about the movement that took place later, clearly defined a FLAG POLE and a fairly marked BEAR FLAG is emerging which is now 26 days.
By performing the FIBONACCI tracing on the flag pole and reporting...
Right after the close of the daily candle we have seen bitcoin hit a low of 9857 followed by massive buy by probable campers and bots which saw the push to the current price. Question is was this enough to reverse the falling trend to the uptrend, we have about another day to have our questions answered, nonetheless a great time to stack a bit more BTC even at...