First of all: Where are we?
For having a better idea about the scale and location of my analysis I added this snapshot of the BTC chart in the daily timeframe:
About the core of my idea:
My analysis is based on the 5h timeframe, in which i spotted the potential BUY chance.
So I spotted this interesting downtrend channel.
We saw a strong 6% bullish...
it will be very hard for BTC to lose 7days MovingAverage trend and its supportive area on 28000$ but it seems like that BTC has to rest some days beetween 33000 and 38000, breaking down this area could be dangerous. 28000 looks supersafe for opening a long position and also all long positions above 28000 and under 33000 are not that risky. Targets are on the...
BITCOIN Currently Trading at 15,900
Enter long after ascending triangle BREAKOUT
Entry: Above 16000 ( after the breakout confirmation in 4h Candle)
Resistance level 1: 17,100
Resistance Level 2: 20,000
Stop-loss or support: 15400
Risk Reward Ratio: (1 : 2.20)
ALWAYS KEEP STOP LOSS....
Hey friends, hope you are well and welcome to the new update on Bitcoin.
Previously we have seen that the priceline of Bitcon formed a very big Gartley and previous month’s candle stick was closed above the $12K that is also the 0.786 Fibonacci projection level of this Gartley. Therefore we were expecting that the priceline now may retest the 0.786 Fib projection...
Hey friends, hope you are well and welcome to the new update on Bitcoin.
In April 2020 I shared the post where I showed that on monthly chart the price action of BTC has completed final leg of bullish Garltey move. And as per Fibonacci sequence of Bullish Gartley the priceline turned bullish from the potential reversal zone of this harmonic pattern and produced...
Formation of BAT pattern:
On a short term 1-hour chart, the price action of Bitcoin has formed bullish harmonic BAT pattern and entered in potential reversal zone. Before this the priceline also has formed a Bullish Shark and BAT patterns. The price action of leading cryptocurrency also has good support of a trend line.
Buying And Sell Targets:
The buying...
Althought BTCUSD has been increasing steadily over the last few days I think that there is still some room left until approximately 11k.
After that I expect to see a consolidation and a retrace back to the previous fibonnaci level at around 10400. This will give room to the altcoins to become bullish again after the major dip that is lasting approximately 2...
Hey, friends hope you are well and welcome to the new update on Bitcoin. In my previous article we have seen that after the completion of Head & Shoulder pattern the price action of BTC broke down the neckline of the Head and Shoulder and moved more down. Then the priceline of leading cryptocurrency stopped at 100 simple moving average and consolidated above this...
Hey friend hope you are well and welcome to the new update on Bitcoin. In my previous post we have seen the Bitcoin formed a bullish cypher pattern and started a powerful bullish move from the potential reversal zone of the cypher and reached even beyond $11,000 levels.
The wedge has been broken out:
The price action of the leading cryptocurrency was moving in a...
Hi friends hope you are well and welcome to the new update on Bitcoin. Previously I was looking at two patterns for the bullish reversal of BTC. Now the price action is likely to be reversed bullish from the support of these patterns. Let's have the brief analysis on the price action of BTC what it can do next.
1st bullish reversal pattern hamonic BAT move:
on...
Hello friends hope you are doing well and welcome to the new update on Bitcoin. Today we will have the Bitcoin analysis on short term, the midterm and on the long term as well. And we will watch different chart patterns that BTC has formed and the support and resistance levels and also the different moving averages.
The formation of harmonic BAT:
In my previous...
Halvening event of 2012:
Hi friends hope you're well and welcome to the new update on Bitcoin. Today we will try to understand why the Bitcoin is dropping fast just before the halvening event. In order to understand this situation we need to move back to 2012 to watch the history of the Bitcoin halving. Then we can observe that when we had the Bitcoin halvening...
On short term 4 hour chart the Bitcoin is forming bull flags since 29 March 2020. In the meanwhile the priceline of Bitcoin also formed a down channel from 6th April to 16th April and finally broke out the resistance of the channel and form the next bull flag. After accumulation the Bitcoin took another powerful bullish divergence on 22nd April 2020 and now it is...
In my previous idea we have seen that on 2 hour chart the Bitcoin was forming bullish Gartley then finally as per prediction the priceline entered in buying zone and after hitting the sell zone dropped down.
Formation of new BAT pattern:
This time on short term 4 hour based chart the price action of BTC is forming bullish harmonic BAT pattern and soon it will...
