As many others might suggest, BTC's bull run and dominance has seemingly come to an end . Personally, I believe this was long over due. Its technology as a whole is fast, secure, and reliable; but when considering BTC relative to the thousands of other cryptocurrencies it is superior in popularity but not much else .
Elon Musk recently commented on...
This is what I see on the BTC daily chart. We lost a trend line that we have been following since January. That line is likely to become new resistance. If so, we might roll-over and retest $42K which acted as strong resistance in January, en route to $60K, and also accept as support in late February. So, it's an important area of price action. As it's not...
Hello! The local picture shows the passivity of buyers. The global trend line test should activate them to update the historical high with a minimum target of $20,500.
So far, sellers are too easy to put pressure on the price and their dominance is not felt.
We create both short-term ideas (for a local understanding of the market situation) and...
I am extremely bearish on BTC now. Expect it to visit $15k levels if no then $24k is the maximum for 2020. Also don't like the fact everyone is so bullish around and telling everyone it is just "a beginning" or "it is like 2016". No, 2016 or even 2017 didn't start from a fucking bubble.
Bitcoin is currently in a downward parallel channel and has just been rejected by not only the top resistance line, but the 4H 21EMA and also the 12H 21EMA as well.
- The 4H stochs are looking weak and are curling downward. Similarly, the MACD is bearish and is pointing down with increasing negative momentum.
- The 12H created a bearish hammer candle and is...
After when #BTC Reach The target 6580$ , and he pumped about 14%...
Currently we will place a breakout zone if the price does not breach this area and close above it on the Frame for 4 hours
It will drop back to 6700$ - 6400$
As for the breakout zone, it is the resistance lane 7530$
Hello crypto friends,
This is a short term idea.
Bitcoin's price action gives us scalping possibilities for the next 1-2 days.
As you can see bottom line of triangle was tested and rejected. Also the price zone of 9400 is a limit order seller's area with a high volume:
Price was rejected exactly in the area of big...
I was trying to figure out the next move for BTC and I found out that price movement looks very much like it is building a cypher pattern. The entry level of the pattern would also match up almost exactly with .786 Fibonacci level of the entire correction movement. That´s always a good thing :)
Anyways, this whole idea looks promising but could be...
Finishing what I see as the 5th position of consolidation (as seen on the Daily) and that'll finish the ABC pattern as seen here on the hourly chart. Always follow your personal strategy (that you've back tested of course) before following ANY analysis on Tradingview.
Today at the current level this chart analyzed, we see the same pattern this week mimicking last week pattern. If that happen again for the third time, then we might see a bounce for next week with retest around $6800 - $6900 zone. If it strong enough, then we might proceed to the resistance level.
From technical basis:
1. RSI level has shown that it trying to...