in 1H I think BTC needs a retracement and I think this retracement will happen soon.
It's pure price action and easy to understand.
Disclaimer: It's not a signal it's an idea, open positions by your responsibility.
we've been moving in this channel since 2017 and everytime we break trendlines, We retest it and continue to fall further.. now the scenario looks similar and positions should be kept active with utmost care. Will History Repeat? Will we see 12k BTC To buy Alts at cheap rates?
P.S : I Personally want 12k btc so i can buy alts there to see 40-50x Profits :D
Im late for a very important date when you press Windows+H you can get speech recognition to text on your Windows 10 computer. My name is rocket on localbitcoins I did thousands of transactions throughout the years for a long time now since 2009 right when genesis block started. I've been called everything lame but I'm just here not to talk about...
After closer examination, it seems reasonable to assume that the Bitcoin price will go through a short-term correction before a retest of the previous all-time high can take place. At least if past patterns will repeat.
Upward sideways movements, where a clear bearish divergence is forming on the MACD and RSI indicators on the 4-hour chart, are typical for...
Two ways Bitcoin can go here and I am 60/40 on the green until I am proven otherwise. If there is liquidity to be taken below the local lows, it will have to tapped before making any new ATH, I don't see why it would not and Bitcoin enjoys max pain scenarios too.
Bitcoin made another rally upwards from the bottom of a wedge that just invalidated the claims of ascending channel and confirmed that the price is moving inside a rising channel.
This channel is good as long as broken and the support area of this channel has been tested a couple of times.
One easy way to trade this channel is to open a short when the price...
Bitcoin has been ranging for many hours now and in this recent move upwards we have a double top! Bitcoin seems like it is getting ready for a breakdown to retest the support, if it gets rejected we have some major support areas 0.618 and 0.786 to hold BTC on lower tfs and a good area to open long/buy Bitcoin for quick profits.
Bitcoin Price: $55,645
Thank You &...
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading
Hello Traders & Investors, here is my analysis for the bitcoin , let me know in the comment section below if you have any questions
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Whatever bitcoin drops from here goes back to this point. LET BIT COIN PRICE COME BACK TO ABOUT 42.2k THEN SELL/ The warning was sold before. See the previous post and stay with me ...
According to the US.DOLLAR and GOLD index, this price drop was confirmed...
It is Q4. Q4 momentum is the year end momentum.
After Bitcoin did the 2nd ATL, we all already know that this Q4 and next year will not the the favour for Bitcoin.
We still losing momentum from the China mining market although Europe and US country has already toped up their hashrate to cover the temporary process decline.
But it is not enough. We all know that...
BTC has just broken down from a rising wedge, signaling that we will likely have one more dump until we start trending up again. My support level is 38300, which is the 0.618 on teh daily time frame and also previous support.
My previous BTC long hit TP1, and as I said I moved SL into Break Even once that happened, so made small profits on that.
Now, I'm shorting. We have printed an inverse Cup & Handle pattern, and the technical target for that is my TP2. TP1 (the purple line) is at a support zone. Evidently, fundamental factors going on in China are seeming to impact the overall...