Difficult to predict the next price trend. Positive signals with the hash ribbon alternate with the trends of indicators and oscillators. The various already failed breakthrough attacks and the horizontal phase increase the sense of mistrust towards a bull phase. With my analysis of Elliot I can hypothesize the formation of a final diagonal triangle on the 5th...
The truncation of the 5th wave of Elliott has been confirmed, signal of the interruption of the main trend. The price after going through the main dowtrend and various comeback attempts today and as expected has plummeted . The truncation and the exit from the main trend are very strong indications and in fact bitcoin is preparing for the passage of the ...
a Huge move is coming. bitcoin is breaking the key resistance level.
what happens with rising selling volume and increasing price? hmmm... google it.
To me this looks like the inevitable dump, bitcoin however is known for bucking the trend so its far from guaranteed, just everything in the world at the moment seems to be telling me to go short and yet bitcoin is still not dumping!?!?!? Watch todays youtube video for more information on this chart!
Bitcoin play for the week. Shorting to $6200. I have shorts stacked below 6650. Looking to play small position only. Looking for the big play. #BITCOIN $BITCOIN
Bitcoin looks ready for a correction. Major assets showing bearish signs First target 6250
As you can see here we are trading within a downwards channel and are nearing the top of it. I believe that we touch the 0.786 Fib retrace and then proceed to hit the bottom of the channel.
TIME TO SHORT - ICHIMOKU CLOUD - 1D I would like to point out and invite you to read the following article which will be of support to you for future analyzes. Thank you. Network hashrate and difficulty have been just as volatile as price over the past few months. The third block reward halving is less than 30 days away, which has the possibility of decreasing...
We had a nice quick pump (caught by 🚀MSTS🚀), we probably took over leveraged shorts in this weekend mambo jambo we are all costumed to. -retested the 0.382 Fib level - retested descending trendline from the broken triangle formation - perfect short at those levels Now, are we mooning to 100k tomorrow? I think we shouldn't get ahead of ourselves, but what is...
In the BTCUSD weekly chart above, price broke out of $6900 support zone aggressively to the downside. Since then, the price has been trending slowly to the upside with the bodies becoming smaller and leaving upper wicks, showing that the momentum is fading. Price is currently trading at the previous support and testing as new resistance and we see a small...
Crazy fractal spotted on the 1hr chart. Bitcoin was in a sideways continuation back on March 24, which looks exactly like the sideways pattern we just had. It then tanked by almost the same rate, formed a sharp trough and is now hugging the 21 EMA in almost the same exact manner. The death cross also occurred back in March and it looks scarily similar to what...
After Break and Retest of this Horizontal Level, I will open Sell Entry. After beautiful pullback on Bitcoin, I expect a push to the downside and make a re-low of the price. After that, we will be looking for buys.
The BTC price has increased significantly since reaching a low on March 13. The increase has taken the form of an ascending wedge, which is considered a bearish reversal pattern. It is possible that the price continues to trade inside this wedge until it reaches the next resistance level at $7750. If so, we can outline a five wave Elliott formation that would...
CAREFUL here, this could be a rejection on the 50 SMA, also hitting a trend line and a previous S&R line.
Stock Symbol: BTC.D Currently we are seeing a shift to the downside on a monthly time frame. Almost to a crossing point for a strong drop in dominance. Not quite there yet but I have been posting charts on this showing we would come down. If we can break down with strong distribution than we can look for an alt run. Diversify and use 5%...
Call me crazy but the lowest low to the highest high on this chart history measured with a fib spiral matches the existing downtrend precisely. This also coincides with the current covid world situation from a fundamental viewpoint (millions losing their jobs and selling their bitcoin to pay the bills); and forms a total bitcoin history structure diamond top...