So it appears that Bitcoin successfully defended all possible Support levels, both the Higher Low trend-line of the 1D Channel Up (chart 1) and the 2 year bearish trend-line (chart 2) as seen below: If you think that was the easy part, you are mistaken! BTC traders have to reclaim the 1D MA50 (blue trend-line), in order to attract back the short/...
As a follow on to the last analysis we can see that BTC is now above the GC (Gaussian Channel). On the LMACD we can see where the grey arrow is that it is about to bounce or crossover to bearish. We know from our previous posts that when the EMA 10 (in blue) is above the MA 21 (in orange) and BTC doesn't trade under the MA 21 on weekly chart, BTC is in a bull...
we are anticipating some downward action here traders who leverage trade should go short
In my opinion Bitcoin is on important cross-roads. As you see on the current 1D chart, the price just made a technical touch (and is currently rebounding) on the 2+ year bearish trend-line (seen in blue) that has been holding since the end of the previous Bull Cycle (December 2017 All Time High) and which recently broke (July 2020) upwards. Typically such re-tests...
BITCOINS FUTURE PRICE IS VERY CLEAR!!!
CLEAR TO MANY SHORTS ARE SHORTING AT THE LOWS, WE NEED SOME LIQUIDATED SHORTS BEFORE FURTHER DROP. 10600 FIRST TARGET. IF WE CAN HAVE A SR FLIP AROUND 10600 THEN WE CAN HIT 10800 PRETTY QUICK BEFORE A NICE SHORT OPPORTUNITY PRESENTS ITSELF. FOR NOW IM LONG FROM 10295. LOOKING FOR 10600 FOR EXIT. I HAVE A SHORT ORDER AT 10600 EXACTLY FOR A SCALP . THEN WILL SEE IF...
I will be quick on this one and will just state the fact. The Bollinger Band Width (BBW) on Bitcoin, which measures the degree of volatility on the market is testing the lowest ever reading, going all the way back to March 2016! That is on the Monthly chart, in order to account for all three BTC cycles. As you see every time BBW hit a low (December 2012 and March...
XTZBTC has been one of the most consistent pairs throughout the year 2020 so far. So consistent, that in fact helped me calculate the exact top and take a sell position and hit the target with surgical accuracy as you can see on the idea below: Now I believe it is time to start buying Tezos again as the price has made successive 1D closings above the (blue)...
You should have noticed by now that since the September 03 drop, Bitcoin has been consolidating around the $10000 mark. But what may be of particular importance, is the fact that this consolidation never closes a daily candle below that (10000) level. Can this be a coincidence and if not what does it tell us? Well to answer that, I looked into the previous big...
Bitcoin is currently consolidating, marginally breaking the $10000 barrier, but yet haven't made a daily close below it. This idea will surely give a confidence boost to buyers even though we shouldn't rely on it as the fundamentals at the time were different with surprise news break-out, and I will explain myself straight away on that. The fractal from October...
The title may sound a bit dramatic but it is true. Bitcoin is on critical crossroads as it maintains trading within the long-term Channel Up formations but any break lower endangers the effort made after the COVID flash crash. ** Two Channels ** As you see on the chart, there are two main patterns involved: The Primary (blue) Channel and the Secondary (orange)...
Waiting on Bitcoin to reach pivot point to decide whether I will buy or sell. I'm thinking price will keep rising once it reaches the pivot point, but we're gonna wait it out and see what happens. If price keeps rising from the pivot, I'm predicting price to reach at least 11770 where I have my resistance line plotted. If any thoughts leave them below!
I will keep today's Bitcoin idea short. But before I dig more into it, please shift your attention to this. Do you remember the following idea? So far the pattern is playing out perfectly: Fractal B is replicating the waves of Fractal A almost religiously. What's interesting, is that the price action since August 03 has formed a Head and Shoulders pattern...
This short-term fractal analysis on Bitcoin is based on a combination of MA periods with Fibonacci retracement/ extension levels. ** Before we start, please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** I have used the MA50/ 100/ 200 on the 4H chart. The price is currently rising after a Double...
A lot of traders are panicking over Bitcoin's recent pull-back after the roughly $12500 top. ** The Death Cross ** What adds to their concerns is the fact that the 4H chart just formed a Death Cross. That is when the MA50 crosses below the 4H MA200. Last time that happened on the 4H chart, was on June 18th and after a temporary jump, the price made one final...
A rebounce on the bearish trend line signals a contination of this new bearish trend,,,
I see a lot of discussions about how Bitcoin is too high, rising too fast and needs a correction or on the other side how this bullish wave can continue straight to new highs etc etc. There is a lot of confusion and it is understandable as the short term charts always display BTC's high levels of volatility and the moves are too aggressive for low equity traders...
Our projected 3% drop happened as precisely as any trader can hope for. While most beginner traders look at trendlines and support levels, advanced traders account for higher time-frame momentum and market structures. This lets us make more accurate projections more of the time. Traders can use our algo-assisted strategies to help stay in tune with the...