Following a recent idea on how Bitcoin behaves after breaking an All Time High (ATH) level (following a major crash of more than -50%), I've extended my research and discovered the following occurrence. Many people (and rightly so) compare the May correction (and subsequent consolidation of June-July) to the April - October 2013 sequence. That fractal occurred...
So Bitcoin has already started its usual technical correction following a rejection on the ~$67k top (and new All Time High (ATH)). The price has broken below its short-term Support, the 4H MA50 (blue trend-line) and is currently being supported by the 4H MA100 (green trend-line). The question on most people's mind (especially those who bought late at the top on...
- BTC 1H - Breaks the trend line and MA 233 (Blue) - Next strong support is MA 377 (White) + Fibo levels
Bitcoin has had an amazing run so far by blasting through the 8/1 Gann Fan but I still think one large pullback is left before we start the final run, it's hard to say we are following the 2017 pattern very closely. Check out this TA . If we do follow through with the previous pattern then the cycle top would be in december 2021 but can it really be that easy?...
I can't help but make this a festive post as Bitcoin finally broke the previous All Time High (ATH) of $64900 made last April, a level many thought it wouldn't reach again for many years to come if ever! So let us take this short opportunity to congratulate everyone. All the HODLers. For all those who had to endure 5 months of stress, anxiety, discomfort and pain...
Bitcoin is approaching once again the 8/1 Gann ratio , we just need to start closing Daily's above 50k and it could signal the restart of the bullrun. It is possible we are setting up for a parabolic move that would take us straight to 76k , we have three touch points and the 1.618 lands 76k. Only when the 8/1 Gann ratio is broken would this parabolic move be...
The four-hour chart shows that the VeChain price has been moving sideways recently. Along the way, the coin has formed an inverted head and shoulders pattern. The price is also consolidating at the 25-day and 50-day moving averages. It is also at the right shoulder. Therefore, while it is too early to tell, the price will likely break out higher in the near...
Bitcoin Cash is holding steady above the support level of 600 as the bulls strive to retest the weekend’s high of 650. Since the beginning of the month, it has risen by about 22% having extended its rebound from below the psychological level of 500 late in September. On a four-hour chart, it is trading slightly above the 25 and 50-day exponential moving averages....
This is Bitcoin on the 2W time-frame. This has been used very rarely and understandably so as it is not a popular time-frame but on this particular occasion it offers valuable insight on BTC's long-term Cycles. As you see the RSI is trading under a Lower Highs trend-line since its inception. Every Lower High is a Top and a strong pull-back has followed. On the...
What is happening right now could be the most amazing Bitcoin setup in history taking us to about 175k. The 8/1 Gann Fan has finally been broken after months and now comes the most important part the retest of the 8/1 , before we can officially call the start of the final run , we need to see Bitcoin come back down to the 0.618 Fib and most importantly to the top...
So after months of waiting we have finally broken and closed are first daily candle over the 8/1 Gann this is the first step in restarting the Bullrun. What we want to see now is price come back down and hover above the 8/1 Gann testing and creating support of this ratio. I have a included a Bar pattern from one of the previous 8/1 breakouts , as you can see...
Four weeks ago, following the new China ban on crypto, I've posted the following analysis, explaining why the July Channel Up had the necessary momentum to overcome the bearish pressure of the Channel Down: Huge success for buyers as the Channel Up prevailed and as you see the price is currently approaching the top (Higher Highs trend-line) of the pattern. I...
My Argument: 1. Wave 5 is over 2. RSI Divergence Stop loss above 58200
This is Bitcoin's Accumulation, Rally, Peak and Repeat sequences since the Bear Cycle bottomed in December 2018. I won't go into much detail as I think the chart is pretty much self-explanatory. One small note, the chart is on the 1D time-frame while the RSI below is on the 1W time-frame to better grasp its movement and the point where we may be at compared to the...
Bitcoin Intraday Trading Levels for Scalping - 06OCT2021
sell bitcoin 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
Althought we see BTC going up in the long term we might try to maximize our capital with some shorts here and there. Risk only 2% of your bankroll amount on every trade.
Two weeks ago I made a case about how Bitcoin's short-term trend was depended on which Channel pattern of the following would prevail, the Channel Up or Channel Down: The price action emphatically showed that the Channel Up prevailed as BTC held the Higher Lows trend-line as a Support and bounced exactly on it. On today's analysis, I am making a case on a new...