Yesterday's $29250 low was at a level which previous held on both May 19 and June 22, which has been the Support Zone so far. If this holds again then we have a potential Triple Bottom formation, which technically it is very bullish (the RSI has also triple-bottomed). On top of that, the sentiment can get even more positive if the 1D MA50 (blue trend-line)...
Hello Mate. Bitcoin/BTC Strong Key Level so wait for breakout and retest. Good Luck
This is not the first time that I have used the Halving-centered approach to my long-term analysis. You may find examples of previous research on the topic at the end of this study. It is however the first time that I will illustrate the data on the linear scale instead of the logarithmic. This allows for an interesting comparison. As with previous studies, I...
The general sentiment seems that Bitcoin will be going to 20k and that the bull market is over. I strongly disagree until we start closing daily candles under 30K. On-Chain analysis shows that there are more stable coins on exchanges than ever before ready to buy. There is a new trendline that is developing right now and so far we have a couple of reaction points...
Bitcoin is currently weak/bearish, hence the "short" tag. Bitcoin failed to maintain its strength above 31.7K and fell below the 200MAs on the 15Min timeframe. Overall price is whipsawing between 34.3K and 31K, without a clear direction, which makes trading within this range quite tough and dangerous. One pattern that might be emerging is a head and shoulders...
Buy when the price going dip, Buy when the people worry, buy when the people panic, buy when the people on fear. Hold it and take some coffee. close your ear don't hear anything about people said. bitcoin is the best long term trade for me. not for daily or weekly. I see always for monthly All billionaires do this way. As we see, there is no buyers on...
This idea is labelled short to indicate that the current trend is bearish; this is not a signal to go short right now. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Bitcoin price action looks very weak the...
Bitcoin has entered since the June 22 Low a new tight range, with the 1D MA50 (blue trend-line) acting as the Resistance that keeps the price that low. Those Lower Highs created by the continuous push of the 1D MA50 are practically the technical characteristic of a Channel Down. And if we ignore the wicks on the candles that made every low since the May 19 crash,...
Hi Dude As Following Chart Shows i Wait for BTC upward Movment to Pice 32339 and Open Sell Position With Sl=32629 and Tp=Between blue&red Lines Trailing or Breaking Trendline position have Great risk/reward :1-6 But take it in mind but its hard posible "if price break 32629 so we go for 34220"
After breaking below 32K, Bitcoin rallied off of the 61.8 Fibonacci retracement, once again showing how powerful the 61.8 Fib is when trading Bitcoin. Price is now consolidating sideways as bulls appear to have run out of momentum. Price is forming some sort of a horizontal flag/channel. If price breaks and closes above 33K, price will likely rally up, whereas a...
On this post I am looking into Bitcoin's yearly lows. What has been more impressive that its All Time Highs on every Cycle, it's Bitcoin's lows. With the exception of 2015, every yearly low has been (in cases much) higher than the previous, indicating the strong parabolic trend it has been on since its inception. The hot topic since the May flush is whether the...
just wait few days and we will see what happen next for bitcoin movement
Bitcoin has broken below the horizontal support at 32K on strong volume and a large candle. In yesterday's post, I mentioned that I was looking for a potential long upon a bounce off of the 32K level, unfortunately price didn't bounce at that level. We are now trading below 32K and price appears to be consolidating. Below are the three potential scenarios I'm...
FIb Time Zone Dates = 18th to 19th July 2021
Still Bearish. My opinion Bitcoin is the best long term trade, I still wait buy on the lower and sell on the top. Keep on eye and don't miss the opportunity
Messing around with Gann Fans , this reversed Gann showing interesting reaction points with the previous two cycle peaks. Fib Date - 6th June 2022 Fib 1.618- 291k
I've been meaning to post this chart for a while. There is no fancy technical or fundamentals analysis involved just a thought I wanted to share with the community and get your feedback. This chart is on the 12M time-frame, meaning that each candle represents 12 months i.e. 1 year. As you see each of the previous Cyclical Peaks (Tops) have been on long/ strong...