BITCOIN Tea Time?Evening Everyone! 😃
As per usual for my posts later in the evening, i leave it all in the charts for you! 😃😴
As mentioned there also, this is solely one of many options that are possible, and only serves as an example for this bullish Cup & Handle Pattern !
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advice.
Thanks for stopping by, I hope you liked my post, and if you did, please drop a like or comment, it helps me to
improve my ideas and puts a smile on my face! 😃🙏
Bitcoinupdate
BITCOIN Where are we at?Good AfternoonEveryone! 😃
Here is my latest BTC update Video 🎞️:
Here are the charts shown in the video:
4H:
Weekly H&S:
Weekly Falling Wedge:
Monthly Channel:
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advice.
Thanks for stopping by, I hope you liked my video🎬, and if you did, please follow for more or drop a like or comment, it helps me to improve my ideas and puts a smile on my face! 😃🙏
Bitcoin Update - New YearHi guys!
I think the chart can talk for itself. You can see that there's a trendline, which has been respected by BTC several times. As long as that doesn't break, I will not be bearish. You can see that we can spot a divergence, that's pretty clear too. So let's summarize what we see on the chart.
- Divergence = RSI is making higher lows than the Bitcoin price.
- Bitcoin seems to react on the trendline.
- A bullish reversal pattern is in its formation.
- 2 key levels that need to be broken.
- Back in October, we had the "same" situation. Divergence + 2 key levels that needed to be broken. When that happened, we went up almost 70%. If this happens again, then we will hit our 70K target.
Conclusion:
There's literally no need to panic as long a Bitcoin doesn't break the trendline.
Don't forget to support this idea by giving it a like!
$BTC UpdateAs we have seen for the past couple of days, BTC has exploded with strength and volume we didn’t even see when we initially broke above $60,000 in May.
This time we’re seeing an extreme buying volume we suspect to be from institutions.
We’re not far from a break above our current All-Time highs, especially considering all the fundamental factors currently in the market, however, the market is not gonna make it as easy for everyone.
RSI , MACD , and general market indicators are extremely overbought on both the 4H and Daily charts, tower the Weekly remains extremely bullish.
This means that we’re likely going for a $58,000 - $58,500 correction before a significant move up.
This corrective move will be just enough to clear out most over-leveraged bulls from their positions, making space for smart money to load on their positions before breaking towards new highs.
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Best Regards, iSmashProfit™
Inverted cup and handle in BTCOn June 14, we witnessed bitcoin breaking out of it's flag and reaching its 40,000 resistance. As we can see that bitcoin has been rejected by the 40,000 resistance multiple times and eventually started moving down. What it looks like to me is that there is an inverted cup and handle pattern forming in 1H timeframe. If this pattern is completed then we might see bitcoin touching it's 30,000 resistance and if it breaks out of 30,000 resistance as well, the next stop of bitcoin will be 26,000 .
Bitcoin trend updateas I have marked on my idea if breach down 53k we gonna roll down to 52 but after that, it's 51 waiting for us. if you see my rectangle after one breakout, it gonna go down sharp but, there is no reason for it and as I imagine, bitcoin gonna range max one day between 53-55,5 until one good break that shows the future bitcoin days. there is no reason for a fall so I think it gonna range for some hours and after that gonna breach upwards forward to 57k and maybe sharp forward to 61,5 k. every number in this text is approximately number for a nearly exact number check my chart.
BITCOIN DOMINANCEI think this is a very strong signal that I can see, It has many patterns that show it gonna go more down. After that, we gonna meet Altcoins on the mars. But everything has not to follow patterns or technical analysis, if some good funda comes for it, so has a chance for a pullback. It's all about time.
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