The next movements that Bitcoin will do are bearish. We can see the price action having place below all support from the indicators. Personally, I will look for another entry @ $57.2k-$53k; why not accepting a discount when you have one?
Unless it can push above $84130 by next week, it's likely done for, at these levels.
As depicted in the chart, this would be a great opportunity for shorting Bitcoin short term, and here's why: 1.- The resistance just rejected the price to the downside. 2.- We're just retesting the yellow trendline that has been pretty much reliable since Dec 2020 (it only broke once). 3.- RSI is making lower lows, while price differs.
BTC time to take profit and wait for breakout and successful retest of the upper trend line. we discussed top 5 altcoins for April month in our vide today.
Assuming Bitcoin topped at the 61.7k (Coinbase) (see our previous trading idea from March 13) We are entering a correction phase with a short term target of 47k, medium term target of 9-10k and a long term target of 5k n case of a bear market. Past performance is not indicative of future results, however every asset is cyclical including the most volatile asset...
Yesterday, Bitcoin has had two attempts to reconquer 60k figure, and failed in both. However, bulls regained control each time the main cryptocurrency has reached 57k support zone. At this point things are pretty clear from a technical perspective, with a break under 57k exposing 52k support and, on the other hand, a break above 60k would lead Btc to new ATHs. At...
Bitcoin has had a relatively large uptrend in the last 32 weeks, just as it did in late 2017. However, the momentum seems to be slowing now, and the MACD and RSI are showing bearish divergence on the 1 week and 1 day log chart. Here I use a log chart to predict the price of Bitcoin turning down in the coming weeks based on these bearish indicators. Bearish...
We still have the parabolic structure the price was forming as a support (remeber a parabola isn't linear, it's curve, so it's more permissive than a straight line going...
Wow, So who would have thought that we'd get here? Just about any person in the space would say that they knew and called it but with so many saying and believing how many are just simple repeats of thought outside of their own view without even being aware of the cultist view crypto harbors to simply just follow and buy at the Top? Perhaps not "you" but many...
i expect btc will test 50k and after that will start up trend again
As I stated before, the upward movement we had at the beginning of the week wasn't healthy for the price, so it had to return to its mean sooner or later... This one already happened: And this one is still in play: But now I would say we reach $33k rather than $34k...for now. A stronger bearish move would validate my past idea.
Because a Ultra Bullish sentiment on a coin other than Bitcoin can really Rekt the Irresponsibly Long nightingale trade strategy. Ouchy's and Big Boo Boos to come... 👶🍼 "the slosh of cash" money from some other crypto for another moon shot but at the same time I think that button may perhaps be wearing out. You have a Coinbase rally and now what? Allow...
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In case you didn't know, this was thanks to the FEDs conference that had place today; it was definitely not good news for the USD, so people buy other assets as a hedge for fiat devaluation and general inflation...and what's the "star asset" for that now? DING DING! You got it...Bitcoin. The ADX is still signaling an uptrend move, but it totally depends on price...
Bitcoin may fall Heavily up to 22000$ or even lower retraces to its Fibonacci 61.8% or even 78.6% of its bullish wave and then we can expect some bullish continuation I have specified its bearish retracement in a bearish channel the other scenario is it may shoot up to 127% and 161.8% Fibonacci extension which is 50000$ and 62000% it is just a raw speculation...
The FOMO is real but heavy resistance in the 61.9k area.
BTCUSDT 1H-TIMEFRAME ANALYSIS✨ Hello ladies and gentlemen This is my new idea for Bitcoin BTCUSDT I expect the price to make a correction in the short term I hope my idea is clear Support me by like and share Stay Safe💯 Good luck💰
Plain and Simple Bitcoin Daily Analysis - 3/12/21 - BTCUSDT Market does not care what people want. People want 60K so bad. Market takes decisions. Allright, we got 2 bearish divergences popping up, and a lower high on the bigger scale. That's not good at all to get that lift to 60 K. Price is attracted by the 48700 K level, that we might head back for...