Bitcoin has had a very good run from under 30k to above 50k However, in the past 2 weeks, the main crypto took a pause and it seems like is carving a top. A least a correction should follow at this point and 40k zone is my target. I'm bearish as long as BtcUsd stays under 50.500
We may see a spike off od this support & retest $50,000 late Monday evening, of sell see a pullback too $48,400 followed by a Consolidation phase rolling into Tuesday.
$50K incoming again for the weekend 🚀, if we can break resistance and hold above $51k flipping it into support we can expect a bullish run towards $57k resistance. The next few months are critical for BTC as bullish momentum could see the 127.20 fib target at $74k. Please see previous analysis below :) Happy Trading! Bitcoin Update 21/08/21: Road to $74k is...
Taking a look the 4hr chart we see that the 20 & 50 EMA are touching but not have crossed over yet, which would indicate a bearish move to follow. We're currently in a bearish consolidation heading towards the upper trendline, if we are able to continue this momentum & add more Volume we may be able to break through. This may get us on our way to retest that...
The Definition of "Volatile". Taking a view at things from a far (Daily) it appears we may very well be repeating the same trading pattern as before. We had 4 large jumps in price followed up by slight bullbacks until the last increase was a shallow, followed up by a massive sell-off, leading into this current pattern. What we would like to see is the next move...
Taking a look at the 4hr chart we have bounced off the lower support line also the RSI indicates a double bottom which could send us towards the upper resistance. The RSI also indicates the upper resistance is very strong, if we do hit it don't be surprised if we begin to fall out of this Uptrend & retest $46,000. If we are able to break through this bearish...
In yesterday's comment, I said that BtcUsd can rise from support and it did However, the main crypto couldn't pass 50k and now seems like is breaking under 47-47500 confluence support A clear break here would expose 41-42k zone I'm looking to sell rallies at this point
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Taking a look at the Daily chart, Bitcoin is nearing a very important resistance of $52,000! What ensues will determine if we will be nearing our ATH of $60,000 in September or if we will have another sell-off sending us down too retest our floor of $29,500. If you take a look at the RSI it indicates we are in a bit of a downward consolidation which is typically...
We've bounced off the lower trend line now headed back to retest $50k which this may be the beginning of a Market Bull Run through the weekend. If we happen to retest the lower trend line we may fall too $47,200 & consolidate through the weekend.
So BTC on both trend and horizontal support line, expecting a bounce from here if everything goes well, will update this when we have a good reaction either way. Much love <3
Are we just going to high five each other as this thing goes on its bullish trek? Or .... Are we going to recognize the huge bearish divergence that has developed? Are we going to ignore the D1 bearish order block price is swimming in right now? What about that retracement right to a fib golden zone level? Is this the time now for more buys?? Or... Should we...
1. Decreasing volume 2. Considering weakness of buyers, I expect a slight correction to the area of 47000-48000. 3. According to Fibonacci levels, i expect a sharp rise to 57000 (0.786 Fib level) 4. Also in the area of 0.786 Fib we see huge accomulation of large limit orders, which will become a serious resistance for the price. 5. Breakout of 0.786 Fibonacci...
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Bitcoin moving nicely towards channel resistance Dips to be bought Target is around 54k Any dip towards 48k to 46k will be a buying opportunity
Folks, For me personally trading is about probabilities and the only guarantee we have is that there are no guarantees in trading.. To learn and really start thinking in probabilities also helped me to stop fearing things in life so much.. I've come to realize that trading is REALLY about psychology because. Let's say you are very good in Technical analysis and...
Hello my dear padawans, I'm really neutral here, I always in a bull mindset, because I would love to see Bitcoin in 6 digits. Let's see what's gonna happen. Cheers. May the force be with you.
Going long on btc here. REASONS 1. Retest the support. 2. Rejection of support with wick 3. Break the 50ema and close above it. 2. Engulfing candle at support My stop loss and targets are on the chart.