Hey! Bitcoin price action gets more complex. In fact price forming Wedge, and now price bouncing of range 13900-13500. Now let's focus on two important places to open a trades: 13400 - breakdown from this level wil signalize of next possible down move, to 12800 at least (wedge trading strategy), which is good support for next period. 14100 - breakout up from this...
I am expecting a bullish move (wave5) of an impulse wave to complete around 14300 price region. Goodluck
This study revolves around the importance of the $13865 level. This is of course what is known to most as the June 26, 2019 High and current Resistance for Bitcoin's uptrend. I show on this idea why this level is more than just a Resistance. ** Only 39 days above 13865 ever! ** First of all, believe it or not, Bitcoin has historically only spent 39 days above...
Finally the level we've all been waiting to break, did, after 1020 days! I have analyzed the importance of the 13865 Resistance level extensively on my most recent BTC idea: The price even broke the 14000 barrier and almost touched the $14.3k target I set on the idea below: ** The 2 year Channel Up ** So what's next? Well in my opinion it is all about...
I have used the Gold-to-BTC ratio many times in my publications, one of the most informative of those seen below: I looked into it again as lately I am seeing an interesting price action between the two. While Gold struggles to regain its bullish momentum of the early part of the year, Bitcoin touched the June 2019 High and is surprisingly holding its gains...
Bitcoin analysis based on Elliot wave shows we are currently on the Wave 3 which will be the longest of an impulse move.
Yes finally Bitcoin hit the long awaited target of the June 26, 2019 High ($13865), completing more than a year of frustration and market volatility. So what now? It is only natural to see a rejection currently, as that level was the target of most medium-term traders that bought after the 1D MA50 broke to the upside, as per my post earlier this month: ...
Bitcoin price established Rising Flag, where we can expect a short-term price growth to the 13500ish zone. I will expect pullback from resistance zone down (as usual to rekt easy longs) to 12800 before any significant move upside. Stay tuned, this is Artem Crypto
Undoubtedly the most important event of the upcoming week are the U.S. Presidential elections. We have seen in the past the high impact that the result has on the financial markets and Bitcoin is no exception, especially in late years where it is more correlated with the stock market than ever before. So how did Bitcoin trade during the past two U.S. Presidential...
The title is catchy I know but it feels so strange to me that even after Bitcoin's recent jump, there are still people calling for 3000 or 1000 or 0! Lucky for them, Bitcoin doesn't seem to have entered its parabolic rise yet and before its does so, it may provide one last pull-back for accumulation. At the moment, the price is testing the -4o Lower High...
Hey! Bitcoin printing another bullish pattern , which can lead us to 15000 in 2020. Here is why: My view is based on EW I did changed a bit map, found similarities in smaller sub 3-4 waves, which pointed to bigger wave orange ③-④ setup, which I thought will be alt. But after all it seems like it is main one. Now Alt 1 and alt 2 considered less probable. ...
Due to the sheer aggression of this rise, I have decided to make a quick update to yesterday's Bitcoin analysis. Everything is going according to plan, the underlying trend-line discussed on the previous post broke to the upside and everyone must be wondering one thing: "How far can this rally go? Is it too late for me to jump in?". The answer is never easy on...
So Bitcoin has started to show some activity again. Do you remember the 'Underlying Trend-line' which I initially published in June and revised in July? At that time, I called it "the most consistent trend-line since March": Guess what. Not only does it still remain relevant to this day but also BTC is testing it again right now. This line is displayed by the...
Hello! Welcome on 1h update: Price formed a triangle shape and now collecting liquidity towards short-term retracement. Expected pullback zone near 10900-11100 levels. Do not forget to protect yourself from losses.
BTCUSD looks bearish! Bitcoin rejected a demand zone and upper boundary of a parallel channel. The break of the green line and black support & resistance line will give way for the bears! What's your thought on Bitcoin? Regards, Veejahbee.
I am not gonna run a deep analysis on this one as the chart is pretty self-explanatory. It is obvious that since the March market-wide liquidation, the Alt Coin Total Market Capitalization (black line) is more in sync with the USD (blue line) than Bitcoin is (orange line). The USD (represented by the DXY) is of course inverted on this study (1/DXY) in order to...
This study is an extension of two previous publications of mine where I combine the use of Fibonacci extension levels and the LMACD decreased volatility, in determining Bitcoin's next Highs: * Chart 1 * * Chart 2 * I am not going to analyze concepts like the asymptotic behavior of BTC as its logarithmic grow curve approaches mass adoption, as I have...
Hey! Here you can see 1D chart of bitcoin, and what it takes to grow from here: 1. MA setup in bullish order 2. Next resistance shouldn't be very heavy to break 3. We all remember 10k Guardian :) Good luck and nice profits. Do not run into trouble using wrong risk size. Contact me if you need any help