When it comes to all the Bitcoin charts I look at, there are just about as many cluttered, overmarked charts, with 100 lines and a 100 different colors, as there are Scam ICO's. And they are ALL fighting to find any reason to say "BITCOIN TO GOING UP!" Unfortunately the answer is the obvious one (as it is 9 times out of 10). We want so badly for HIGHER highs NOW,...
Hello dear followers! Welcome to this update analysis on Bitcoin! First of all I want to let all of my followers and readers know that the fact that I´m being bearish since a while and still is not filling my forecast is not a meaning of a failing TA. My last 2 ideas after 9700 last high are pointing to a retest of the neckline at around 6800, and I still firmly...
This is a chart set-up I had around January. It has honestly held up pretty well. I've updated it to chart the next month or so and changed the colour scheme. Crucial moments here for Bitcoin. If the previous low does not hold up, it's possible we could fall to the 4000 and 3000 level. I am expecting a bounce followed by an attack at the Kijun as we previously saw...
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AB = CD harmonics would complete right shoulder of inverse Head and Shoulder pattern. Confluence of support in the $8150-8550 area: - volume profile POC - 1 day 20 SMA - long-term log trend line (dotted) - reload zone (0.618-0.786 Fib) If iH&S is completed, it would imply target of $13 150, which would complete Adam & Eve double bottom with target of $15 600.
Hello and welcome to my Ichimoku Bitcoin Analysis! In these last 2 weeks I have committed the great mistake of not paying attention to the 2 days timeframe. That tf is the one leading the path of Bitcoin so far, and it keep will doing it for around 2 more weeks. In my last post I said that around 9460 I will forget any bear idea and I will go heavy loaded in...
Hello and welcome to my ichimoku Bitcoin analysis! As I predicted a few days ago, Bitcoin is facing a hard resistance around the 9060 mark. I even expected to try the 9175 last high resistance, but the price it wasn´t strong enough to even touch it, so that makes a drop scenario more powerful. Ichimoku 1 day cloud brings new supports starting from 7800, but in my...
Hi and welcome to my ichimoku analysis of our beloved Bitcoin! Actually the lines that I draw yesterday in my daily chart was the most optimistic vision of the price for today. If you have followed my updates, you´ll see that I interpreted the downtrend before it happened. I´m giving very detailed updates with exact support and resistances, and so far it has been...
Hello Traders, I hope everybody is doing good. As Bitcoin made a significant move this month. I want to share with you my 4-hour view on this crypto. With the recent move up last week, Bitcoin was able to break the trendline from end 2017. It managed to close above the trendline with a daily close. This was the first indication that more upside in bitcoin...
There is a potential Inverse Head & Shoulders within larger Adam & Eve double bottom developing for #Bitcoin TARGETS: Inverse Head & Shoulders target =~ $11 900 Adam & Eve double bottom target* =~ $15 600 (or 1.618 Fibonacci extension at $15 365) *only IF we break through $11800 resistance & bullishly resolve the 0.386 Fibonacci retracement, I’d expect us to...
Bitcoin, where are you headed next? Over the last four days, Bitcoin has made a nice move higher and after a few attempts Bitcoin finally broke out above the long-term downtrend trend line. So how important is this break above the trend line? In my opinion, it is somewhat important but does not mean it can't still go lower, Bitcoin could still reverse course...
BTC is trying to break the broken Trendline on upside. Next TopSide Resistance is 8450, which if holds than we will be pushed back 8000 & 7700 Area. The Downward Trendline is broken now and is acting as a support. Current Area around 8200 is also a resistance. If we get rejected from here than aim to go back 7600 Area, On topside 8600-8900 Area is a major...
US households owe $25 billion in taxes on cryptocurrencies, analyst Tom Lee estimates - headlines of April 5-6 "Lee still sees bitcoin nearly tripling to $20,000 by the middle of this year, and rising further to $25,000 by year-end." - Tom Lee CNBC Interview Chart is self explanatory as always - if you have reasonable questions, comment them below...
Just a possible path bitcoin could be taking. We will see what happens!
Pattern is still intact. This is bearish for bitcoin.. but since the pattern is getting smaller and smaller.. it means it will come to an end soon. After the next double top (soft shoulder) there will be another large leg down... but that could be the last one.. If you want a bitcoin bull-run.. then you would want this leg down to only go to 6k... if it goes...
I decided to examine a previous boom & correction cycle Bitcoin has gone through to get an insight into how the price reacted over time and also to compare that cycle to the current boom and correction cycle. I was going to call the cycle’s boom & bust cycles but I don't like the word bust, my definition of bust is when something crashes and never regains its...
Bouncing off of strong support, BTC should head to 7600-8050-8270-9150-9750 levels from here. A decisive close above each level mentioned would make the up-move stronger. If BTC breaks above 9750 in the upcoming weeks we may see the rejuvenation to 14500. Until we get a decisive close below 6000 we are safe to buy and stay invested.