the theory of this bull pennant is clear. the RSI is overbought, the MACD is looking a little hot, bitcoin will cool off for a couple hours before deciding which way to break. Recently bitcoin has been bucking the trend and dumping through bullish formations so we shall see how it goes.
Almost broke to the downside. We can expect 5.4k or lower soon.
With reference to my previous BITFINEX:BTCUSD analysis linked to below, I initially stated that if price breaks below the 6000 price-point, we could see BTCUSD fall to 5250-5000. On the daily chart, the previous day's candle is a reversal pattern and the price level being resisted is in confluence with the 50% Fibonacci retracement level. You can SHORT BTCUSD...
There is a chance that BTC is forming a H&S and will make another dive down to 5.4k. A break above 7k will invalidate this.
Please leave a LIKE and COMMENT if you enjoyed the analysis. Bitcoin's increase from the $5857 bottom has been quite rapid, with the price breaking out above major resistance levels without trouble. However, the rally has stalled near $6400. This is a very important level, since it is both the 0.618 Fib level of the entire previous decrease and the 200-hour...
Hello all, Many people said me the drop from yesterday was the most bearish escenario and now we are going to pull back up again. This wont happen, the scenario remain really bearish and we should retest at least 5.1-5.2k zone. We made profits with the drop from yesterday so i recommend to open positions of short again at 6.3-6.4k level Many thanks! Regards,
Hello, As i anounced before the end of the month we will see a drop of BTC price and we saw it already, now i expect more drops incoming in the next 2-3 weeks to the range of 4-5k. Keep the short positions! Thanks.
Hello, I think that tonight and tomorrow's index movement will be crucial. Apart from that ... this was the maximum unhealthy growth and too little correction on .382, I don't think we're going up. However, in addition to yesterday's fake break-out through this level (.382), it is tested for the second time now, so I'm curious myself. Personally, I think we've...
In this video i'm doing long-term analysis of BITSTAMP:BTCUSD
Ride the Trend, with the best Trend Indicators for especially for Bitcoin but usable in the most financial Markets. Technical analyzes are good but you need to follow the Trend and the Market Situations! NO FINANCIAL ADVISE
If we are going down to our SUPPORT 5,800 $ i think it will break and going ...... We miss the Liquidity from BTC, there is not enough Volume so far to reach new weekly highs! ENLA Auto Trend shows still DROP DROP DROP DROP NO FINANCIAL ADVISE
I still prefer the bullish scenario, because general trend remains bearish Here is last updating
TF 1D: Following the collapse Bitcoin has attempted a recovery by reversing the short-term trend, thus forming a continuous flag pattern, but in recent sessions is turning into a rectangular triangle following two attempts to break the 7,000 area. In the last few hours buyers are having difficulty in maintaining the support of the EMA 20; a closing above the EMA...
I prefer the first scenario, because general trend remains bearish
Zonas de rebote: 6770, 7000 Targets: 6430, 6250, 6090 No hay fuerza para romper los 7000. Espero un rebote en esas 2 posibles zonas, bajada a los targets mencionados para finalmente tomar impulso y romper los 7000 para el inicio de una tendencia alcista. En 4h y temporalidades menores el precio se perfila para tirar señal bajista. En diario y semanal, se perfila...
Hello all, As we saw stocks had a recover today but they will not keep bulish flag while people still losing jobs and are closed at their homes and COVID have no real solution yet. Bitcoin was pumped till this position in order to allow big players sell slowly in this channel then we will see a drop to keep acumulating in lower levels as we can see there is no...