Market participants take profits and close positions due to stop orders from weak market participants. Warning, you need to be prepared for a false breakout of local highs. If you have any questions, leave them in the comments and I will be happy to answer them. Good luck to everyone and enjoy the trend!
Good afternoon, dear colleagues! I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this assets. After yesterday's impulsive movement, I expect the price of the asset to rise further. Yesterday, we witnessed professional operators testing the strength of the buyer, which was followed by an impulse movement....
Good afternoon , dear colleagues! I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument. Today, the asset continues to show strength after the weekend, as evidenced by the formation of an uptrend with a buyer's test. For this period of time, I expect the buyer (professional operators) to regain...
BINANCE:BTCUSDT Hello friends i hope you enjoyed your weekend as we are welcomed to a new week. firstly, I will congratulate and cheers all my followers and everyone who have been taking advantage of my mostly BITCOIN ideas as i have been consistently killing the crypto market. kindly tap my profile and take a look at my current and previous BITCOIN ideas so you...
While using the VIX CHEAT SHEET INDICATOR under the indicator section of trading view it gives the following figures for the next five day price analysis of Bitcoin utilizing the VIX. Within the next five days there should be a retracement of .22%. Within the next ten days there should be a total gain of 1.00% Please go ahead and try this indicator for yourself...
Here's a scenario to look at. I know the curved lines are subjective, but look at the circled part of the chart and the PA that followed after. Im referring to 2013 -2015 We've already seen ETH drop below it's previous ATH and we may see something similar for BTC with a touch of the macro 0.618 fib at around 10k. The 0.5 fib is around 14k so im speculating on a...
Everyone is watching this ascending support line very closely. If we see it break that lower support, we could return to the previous longer term support level indicated by the red line.
Exciting stuff happening with Bitcoin today! The Bulls have just woken up after a nice nap and absolutely RAMMED their horns RIGHT UP THE BEARS ARSE!! And the bulls have the bears on their heels! I would like to take a moment to express my condolences and prayers to those who have fled, those who are still in and those who have lost loved ones in Ukraine. I...
After a sharp downward move caused by the Fed’s announcement yesterday, we are left wondering if we have found a local bottom. Too many unknown economic factors are at play to be able to make a good prediction, however I think cryptocurrencies may trend lower for a few more weeks. Consider DCA into top performers. Strong support around 32K for BTC. If BTC...
Bitcoin will reach $49000 following my analysis 85% chance that it will hit $49000
Yes, Yes here we are from a coldy day in December from Amsterdam... Here is some basic price action.. I am trying to teach myself not to look at things but really SEE things when you look at them.. The same goes for not trying to listen but really trying to understand while listening... I am a student of the AL BROOKS (1 week) price action course and here...
If you focus on the day to day price-action of Bitcoin you do not get a good perspective of where we are in the market. Looking at shorter time frames and reading through all the FUD does nothing more then create fear. To prevent exiting your positions because of short term fear, let's look at the chart and identify key levels for Bitcoin to stay above before i...
Folks, At the moment of writing we see 2 times a fake breakout above the descending trend line.. What does this mean ? Simple.. Bears are in control at this moment. What can we expect? Well in crypto you never know. 1 man somewhere can change everything in an instant. But for now.. The sentiment is more down than up. Personally i think price is correcting...
Folks, Will there be a retest of lower prices before breaking trough the resistance levels... I like to keep it quite simple.. The edge i personally use for my own strategy is making use of price action, Elliot wave theory, candlesticks reading, momentum and RSI.. Momentum is because the way it is constructed the preceder of price.. We see a lower high and new...
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...
Hello Traders! After exiting the May-July flat movement in the $31000 - $40900 range, BTC continued its uptrend. Between $51000 - $52000 a seller reaction followed, after which the price returned to the trading range of $44200 - $46800. At the moment the asset is under selling pressure. Buyers are pushing the price and keeping it near the support level of...
BTCUSD BITCOIN Chart after it was given a sharp move towards downside, Price making good chart with support and resistance trendline. IF IT'S BREAK ANY SIDE WE CAN SEE GOOD MOVEMENT. AS WE SEE DOWNSIDE CHART GIVE GOOD SUPPORT BECAUSE WE CAN SEE WICK IS VERY HIGH NEAR SUPPORT AREA SO IF IT'S BREAK DOWN SIDE SO WE CAN SEE SHARP FALL AGAIN BUT IF IT'S BREAK UPSIDE...
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...