The more I look at Bitcoin's price action, the more bearish I become.
If I've learnt something trading for 20y is that things like "look, here is support, I will stay here all week for all to see, buy and MAKE MONEY" are in 99% of the cases traps.
Besides, I saw a lot of analyzes arguing an H&S, for us to speak of an H&S the price needs first to pass...
Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators noted.
#CryptoPickk notes the following:
1) The Bitcoin price has been in a rising wedge pattern since the end of 2020 around the period...
Hello everyone,
I know you are all impatient as me...Lately, BTC has been boring.
As you can appreciate, we have now fully broken out the descending wedge, and BTC has been retesting the previous resistance at 55. It may still be testing it for the next day or so as the S&P 500 is also consolidating around the current area at 4550 after all this Omicron nonsense....
Yesterday I was wondering if Bitcoin has resumed its bull trend and so for, from my point of view, things are not clear.
The rally started at 53k stopped in 59k resistance zone and now Bitcoin is in a pullback.
If this is a correction for 53k-59k rally remains to be seen, but as long as the price is under the recent low we can't call for a resumption to the...
Hello friends, today you can review the technical analysis on the 4H linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency.
#CryptoPickk noted in the chart:
1) The Bitcoin Price is breaking out of the falling channel it has been forming for multiple weeks.
2) The price has a measured move of about 7%-8% before it may be met with resistance around the...
Is BTC going down?
I felt sorry for many people because of this situation. It was really a stock market manipulation. Or so I think. Because big volume single candles can be drawn by a large whale.
First of all, I will introduce you the signature of our biggest whale on the chart.
Yes it looks like a harmonic pattern. But...
After reaching a local low of around 53.500, Bitcoin has started to consolidate again in a tight range and 55.500 zone offers resistance now.
I expect a break under this newly formed support sooner rather than later, and a new local low for BtcUsd.
As I said multiple times in the past days, only Btc above 60k can give bulls some hope and my recommendation for...
In the past week, 60k zone attracted sellers like a magnet and, after confirming this zone as a strong ceiling, Bitcoin has dropped like a stone yesterday, breaking under 55.500-55.700 zone range support and making a local low under 54k.
Now the cryptocurrency is in a normal rebound and this can offer a good opportunity to bears for opening short sell trades.
The...
Hello everyone, as we all know the market action discounts everything :)
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Let us start looking at the data starting from July 21, 2021, we are able to notice that the market is moving in phases,
The first phase start on July 21 and ended on...
For the past 4 months we have been trading inside this ascending channel
and broken out of it twice, once in October and November for our most recent
ATH .
Since then we have fallen back inside the channel and have tested our 58k region with a move to
the downside .
I would like to see 58400 level lost and see a move down to 55k eventually which will put...
In this post, I'll be going through Bitcoin's daily chart, with references to my tweets to not only demonstrate how I was able to anticipate a sharp drop and bounce at $42k during the flash crash, as well as why I think our next stop will be retesting all time high levels.
Disclaimer: This is not investment advice. This is for educational and entertainment...
BTC has finally broken out the descending wedge. I told you this was the bottom. I know I previously called 55500 as bottom, and I still think it was if the COVID fud wouldn't have hit the news. Nevertheless, catching the bottom with a 2- 3% margin error is still minuscular considering the possible move ahead. Now going for degrees...
Stop loss is below 53K, even...
Disclaimer: I am in the process of learning technical analysis and please feel free to point out flaws that I have with my chart. This is based on my personal observation and is not financial advice. Thank you so much for reading this.
I would like to give a credit to my mentor @imnotgoodatall for suggesting everyone look at this pattern in one of his recent...
Technical analysis regarding the price of BITCOIN in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared...
Hello everyone,
I hope you had a relaxing weekend and you haven't panicked too much on the last flash crush.
Here are my thoughts on Bitcoin and what will happen next. I tried to keep the TA as straightforward as possible. I will release a more in-depth TA soon.
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Its always a Gamblers Paradise in trading and that is why staying informed and having a game plan with strategies for the price going in either direction
After yesterdays analysis leaving the opening to a move in either direction where if we broke above and held $60k that we were looking for breaks to the upside, and then also if we broke down that if we broke...
Hello everyone.
I know we are all fearing a drop, bear market etc...However, I am here to tell you that we are bullish, so be calm and take some time off until things start moving again.
Although I am receiving messages full of hate and criticism, I am still strongly bullish, and I will perpetuate my belief until proven otherwise.
Here is an educational chart to...
Yesterday, Bitcoin has dropped slightly under support, just to reverse strongly and make a rally to 58k.
However, this rally was short-lived and is clear that the pressure is to the downside.
I expect a break under 55.5 very soon and after this the road is clear to 52k zone support
Only a daily close above 58k would put a pause to this scenario
