Quick and simple chart that quite clearly shows a very likely bounce zone.
BTC is sitting just above a long term support zone from March 2017
BTC has strong support at this range.
I am seeing 2 scenarios
1 - we touch support now and bounce to upper targets (as shown on previous charts...
BTC has over the past few days had some major STOP HUNTS on all the major exchanges taking out many margin traders, but if you have managed to survive the carnage and are still LONG... BTC is going to make yet another attempt at the 10K Target...
BUT... this attempt will only see $9444 before a deeper correction, and then a 10k attempt. So if you...
I have been coaxed back here from the social media platforms I usually post on (links in bio)
If you follow me on those platforms you will know I have had the parabola (wayyyyy before other traders noticed it ;) ) on my charts since around $4,000USD, and also said if we broke $6300 we would see $10,000USD... GUESS WHAT? We are nearly there!
In the classic one, the point C should be at 61.8%-78.6% of AB (Use Fibonacci retracement tool on AB: the point C should be close to 61.8%). The point D, in its turn, should be at the 127.2%-161.8% Fibonacci expansion of BC. So there is potential go even higher 10140 but the key level is 9500 (0.382 fib lv). Let's see how it works!
GIVE ME A LIKE FOR CHRISTMAS <3
‘Twas the 8 days before Christmas, when Lisa posted her Merry Bitmas Chart and all through the house, not a crypto was stirring not even a DART. The orders were placed in the exchanges with care, in the hope MERRY BITMAS would soon be there! The traders were all snug in their beds, while visions of $5K was stuck in...
BTC USD Technical Analysis Bitcoin Analysis
The benefits of bitcoin technical analysis are plentiful. Perhaps one of the biggest benefits of timely technical analysis is the fact that it helps investors, as well as traders, predict the market trend.
It's that time again where I update you on my thoughts towards Bitcoin's current cycle.
Are we going higher? Or... Are we going lower from here?
Today, I will give you and in depth look at what I am seeing both bullish and bearish!
Let's jump right into it today :)
Taking a look at the daily time frame it appears we are still working on finishing...
QUICK UPDATE ON HOW I SEE THINGS CURRENTLY
- BITCOIN GOT TO MY TARGET AREA QUICKER THAN I TOUGH
- MOVES VERY STRONG BUT RSI AND VOLUME IS SHOWING WEAKNESS
Everything explained in video, you guys take care and trade smart !!
Good Luck !
Rising wedge results in a drop in market. We are almost at the top of that wedge closing in, and soon we will see a drop off in price. I suspect we will drop through the current supports (IN YELLOW), and find stronger support at 6200, and 6000 levels. I don't think we will break below these supports, and it would be a strong accumulation area to buy back in.
Hey guys. A quick Bitcoin hourly chart for you. As support, we have our long term bullish channel. You can see that zoomed out:
We also have a mid-term uptrend as support. This rising trendline could help us form an an ascending triangle pattern on the 8200-8400 resistance. Volume is decreasing at the moment, which shows...
Over the weekend the price has slowly increased and it has started to approach our major resistance area around $5,250-$5,300.
Actually, we can make even a wider rejection box because currently, the price is on the pretty strong resistance level at $5,180. This area was recently a strong support level and now it has started to work as resistance but still, I...
When talking about Bitcoin movement, its very important to state that we needed to determinate in which direction market is moving in order to make decision of potential investing or rebuying at the dips.
Breaching 9,9 level was considered breaking of an upper trendline.
When talking about retracement, if Bitcoin breached
8400-8800 level with tendency toward 7850...
I will write an opinion adiditonally regarding this situation.
My opinion is that traders are aware of retracement (long expected, prolonged, but inevitable).
No matter how long price is being pushed, it certanly cost money to maintain it.
Traders, someone is waiting for you to " join and participate in rebounce".
Be careful about one thing:
Don't drive this...
Bitcoin's initial rally is ending with a sell pivot printing on the weekly chart. We should see price move lower to the buy zone near 4800 handle. More work is need to shake out the weak hands, before we see prices rally back towards your our first target of around 10500.