If this weekend BTC falls below the threshold of 6200 EUR, most likely, it will continue to fall further and the most important supports are at much lower historical values. Today we are in a test of the demand, but I believe that the market demands a lower price. Let's see how it goes on the weekend.
It seems that enthusiasm due to the recent decline in historical media is rapidly coming to a halt. The most attentive has not responded to the purchase around 7k USD. I believe that this triangle can predict the new Bearish towards lower supports confirming last week's bearish trend. A difficult time to venture forecasts, but we'll see. For me, it's a 70% Bearish.
If this weekend BTC falls below the threshold of 7000USD, most likely, it will continue to fall further and the most important supports are at much lower historical values. Today we are in a test of the demand, but I believe that the market demands a lower price. Let's see how it goes on the weekend.
Hello crypto friends, As Bitcoin consolidates in a falling wedge pattern, which usually, but not always, breakouts to the upside, we see a strong convergence on different oscillators . RSI and Bill Williams Awesome Oscillator show convergence of the price moving to the downside and indicators moving upside. Such action usually tells us about trend reversals...
Bitcoin's (BTC's) price has been rough since its October spike to $10,350, giving no unmistakable signs of where its pattern will head straightaway. By and large, crypto's pioneer resource has been genuinely uneventful, with many value fakeouts. Bitcoin's daily candle bounces off its 50-day moving average (MA) as help on Nov. 12, in spite of the fact that the...
This analysis will take a look at yesterday’s price action, what it tells us about the market and, most importantly, where we can expect price to go from here. Yesterday we saw a very impressive pump to the upside, after what many thought to be a total collapse earlier in the week. While a upside push to retest previous support (around 7.8k – 8k) was expected, a...
This week Bitcoin has made a big move onto the downside and is now right on the 6-year long term Schiff pitchfork support level. I suspect that this support level is strong enough and should hold the price until the end of this week but the fact that it has now gone below the 50 EMA on weekly chart will definitely reduce the bullish outlook on bitcoin - at least...
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...
Still within the bear flag. Possible bounce at 7,5k Euro in the next 4 days. 3 cycles with regular divergences on the same periods. Now enter into the 4°cycle.
This chart shows you the only way out of an imminent death cross for BTC. It is a very realistic looking scenario so be sure to note that the last 5 candles are not real. We have to meltdown to 7K - 6.5K to go up to safer ground aboard one or two "weapons-grade" green candles. From there we have to crawl up to a few other buy zones that can get us to 20K and then...
Currently, there are some good support levels for bitcoin. The lower border of the pitchfork is currently holding the bitcoin price. Another good news is on the monthly chart, the 10 EMA line is still holding the price up so we do have two strong support level at this point (~7800) and these levels could form strong support and make a good entry for a long...
Hello, I'm xR, with Biollp, and welcome to our block. We invite you to tune in as we tour through some of the nostalgic nuances of the past Bitcoin chronicle. Let us dive into the current occlusive conditions of the market. News publishers continue to trek on about Bitcoin's bullish behavior, and it's evident a break out is on the way. Electrifying headlines...
Relative Strength Index: The RSI at the time of writing is at 63 points. This means the market does have some power but is not quite overbought. We can see the RSI toppled over 70 points earlier, which is where Bitcoin made its crazy gains. If the RSI can stay high, Bitcoin just may make another move upwards. Bollinger Bands: The current price is touching the...
Relative Strength Index: RSI is at a healthy 55 points at the time of writing. It’s coming down from a peak of 80 points a few hours ago. Looking at RSI’s behavior the past couple days, we can see it has been out of bounds only 3 times. That’s a signal that the market is relatively stable, and may continue trading sideways. Bollinger Bands: Looking at the BBs,...
Ok I will interpret for you what happened and give you a point of view that will keep you safe. I only do longs I do not do shorts so I am waiting for it to go down so I can buy cheaper before it goes up. I believe the next leg will try to reach 15K and Bitcoin will try to retrace before it continues up. I believe BTC wants to go to $8,500 and maybe even to...
I have to say sorry that I posted it late because the re-entry price for short-term is achieved but I have to wait for more time to give you a clearer picture. I hope you have bought at my previous golden entry price. Here is my continuation of previous post. BITCOIN ANALYSIS: $10253 is a price that we should re-entry and also the stop loss premium price. It is...
BITCOIN PREDICTION: Entry Price: $10053 Exit Price: $10910.53(Wave 5) BITCOIN ANALYSIS: Congratulations to the viewers who read my previous posts because you are in a good profit. Firstly, Bitcoin has rebounced from my previous target $9799(Golden Entry) many times and it is obviously a strong barrier for it to break. MACD is showing bearish in a short term but...
Been a while since we looked at bitcoin, that's cause a lot of sideways move makes for boring reviews. So here we go after the recent dump we have removed some clutter out of the chart and zoomed out for a bigger picture type of trade opportunities. What's new? -Bitcoin is approaching what we believe is the strongest resistance line going back to its first ever...