Bitcoin is ready to bounce from 111 Daily SMA!
Why 111 Daily SMA is important? Its one element of the PI cycle top indicator! in September crash it held support very well, and went for the new ATH!
Check the RSI level too! its almost as same level as previous crashes before bounce! so get ready!
In June of this year the SHARK posted his year end Bitcoin price prediction...nothing has changed. The SHARK sill has a price target of $127,000. After tonights weekly candle close and successful backtest of 60k look for us to get to 70k-72k by this coming weekly close on OCT. 31st. The Bitcoin weekly charts haven't looked this bullish since last years run. In the...
We can see an ABC Pattern on BTC if it drop to 59000 today it will confirm my ABC and I will open a long position
we will be having a difficult time to pass the 65-66
Probably a drop from there
This is quick idea about Bitcoin price predition for late 2021.
It seems like in this fall it must be last rally for BTC in 2021. Looking at chart I notice bullish impulsive Elliott waves, and now after ETF approval, we are inside big (3)-wave, which is confmed by price action and media attention.
Next phase should begin in early November, with big...
Hey, this quick update on price action
Looks like Bart pattern, Bitcoin for short term will go down to $53,000 which is our short-term support level.
If price go below $50,500 that would be not quite good for bulls, just don't risk too much there.
It would be a HUGE confirmation of an all time high coming to bitcoin if we break 51K-53K, as you can see in the triangle we need to break the upper white line and stay above it and so far Bitcoin has been doing great at support and resistance. Making me very bullish.
The huge #Bitcoin bull run started almost 12 months ago this week...We are up +312% since then.
The next leg is gonna be Huge...big bullish volume is coming in.
Now we are moving sideways...We need to break through this $46k local resistance to really get going although don't be fooled there is still a lot of resistance to breaking through.
Secure your daily...
Did Bitcoin finally broke the triangle that we predicted a few days ago or is this yet another fake-out as we have had many of these lately, Here is what I think is going to happen and what we need to look out for
Bitcoin is still bouncing inside this triangle almost perfectly with 5 touches on the bottom line and 3 on the top line will Bitcoin drop to 38-37 K levels for us to buy in or will it bounce and recover to 48-49K...............only time can tell, but let's check the charts shall we
- i am still bullish on BTC and i believe that we didnt yet get a second impulse, Cryptos are fast and the short time we have is very important in this Cycle.
- We got many bad news recently, Coinbase SEC Fud, China FUD blocked almost everything, Tradingview, Coingeko, Coinmarketcap, exchanges, facebook, reddit, Youtube,
this is when you understand that you are...
Today I am showing my bitcoin Descending Wedge Bull Trap Scenario. We have seen this pattern at the 60k area and now we are seeing it yet again in the 40k area.
Here are the Technicals:
1. Bearish Price Action - Volume is going up as Price is going down
2. Weekly/Monthly showing signs of cycle exhaustion. - The monthly Chart has maxed out on...
My thoughts on the current situation.
Bitcoin and the relationship between the bullmarket TOP and HALVING.
In the two previous cycles, the TOP of the entire growth cycle was exactly 820-850 days before the next HALVING.
Taking this into account, theoretically, we should reach TOP in December this year, and then go into
The cryptocurrency market, especially bitcoin, is well-known for its uncertainty and high volatility. In our analysis in late August 2021, we successfully predicted the price corrections of bitcoin for the $44-$42k channel.
Corrections are necessary for any dynamic market as they provide investors with the opportunity to re-enter the game and take profit from...
As I have stated some major resistance levels for BTCUSD which are also supported by the volume in my previous analysis, Bitcoin seems to get rejections multiple times from the 50-51k level.
For now, Bitcoin is forming a descending triangle which usually breaks down. $49600 is a strong support breaking and retesting of which can make BTC bearish atleast for...
Hey there! Since last day Bitcoin price moved up +8% making it's way to $50000. From 26 August price managed to float above Daily Moving Average (DMA) 200 period and it seems like a strong evidence of buyers dominance.
Since breakout from triangle I am expecting price to reach new swing high during next 3 or 4 days, targeting $53200.
If you look MONTHLY chart
BTC is always facing a pullback every NOVEMBER
(you can check it since 2017-2020 , november monthly candle are always red)
If history repeat again. So maybe the scenario will follow the bars pattern.
considering the RSI days is having a bearish divergence too. and creating a rising wedge pattern.
After that correction. BTC will pump till...
Here is my daily update on the BTC chart on the daily chart... this morning I presented a 4 hour analysis and this is the daily chart..
I love Japanese candlestick pattern.. They have helped me so much and I study them quite some time but it is still difficult to fully embrace the meaning behind the bars..
So much psychology and that is the reason I...
Hello friends, latest update on the last analysis which was exactly as visualized.
1 . There is ongoing squeeze for $BTC, one-hour chart. Massive battle at the $46k region between the bulls and bears. Pressure is building either way.
2 . I had to use a Channel for clarity. You can see on the chart, back and forth Push-n-Pull forces acting on Bitcoin at...