Bitcoin seems to be consolidating before the next big move. It looks like we might just be consolidating before moving up again. I think we have room to run to $30k, but we also have room for a pull back. I think we need to hold $17,800 to be safe. This is not financial advice.
BTC is forming a somewhat neutral pattern that should have potential for an 8% move to either side. A ton of these have been shakeouts lately and often we hit both targets. Considering the territory I will not try to predict at this point. Wait for a break of the formation. This is not financial advice.
Looks like we might be breaking up or doing a fake out. For the moment it does look like we might have enough momentum to move up a bit. Maybe as high as $18,600? This is not financial advice.
BTC to hit 19k in 24 hours. Flipping on 4 hour macd. rsi bottom not financial advise.
Bitcoin is in an interesting position, seeking new highs and contemplating a retrace. I have some targets for each side of the break. I am semi-bearish and in a small short at the moment. I am aware of potential to the upside and give it a 40-45% chance before retrace. This is not trading advice.
Bitcoin seems to be in a ascending wedge pattern. This could break either way but whichever way it does break I think will set the trend for the coming week.
Closely watching this head and shoulders pattern. A break below the trendline would suggest a 1.75% move downwards. Idea is invalidated if we break above previous high at 10430
BINANCE:BTCUSDT It's been awhile since I've done a solid chart on BTC I've been a longtime believer in this asset, hold some long term plus a separate active trading account. Things are beautifully heating up. It's been a strange year for Bitcoin (but isn't it always?) The crash in March was painful to experience in the moment, watching that Flash Crash. But...
If this doesn't play out, I'll eat my dick on national television
We have some decent strength on the RSI! Dare we go long? Doesn't it look like a bull flag? Watch for a nice break and have a tight stop, the FED is printing infinite money and for now market manipulation is a big risk. If strength doesn't hold, down we go, please note the alternative path ;) This is not trading advice.
Time is closing in on old Bitcoin, we have been moving sideways for long enough. There will be a good breakout play happening soon! I would watch RSI for confirmation. A high target of $9500 if we get some strength. Otherwise, I expect to retest $8800 soon.
BTC needs to get up above $9150 before any real upward movement can be safely considered. A target of $9300-9500 would be at play. Should we go below $9000, I feel $8800 could be retested. I am remaining neutral and waiting for confirmation.
As you can see we a had a tiny bit of correlation during other times but nothing like after the Covid19 outbreak. IMO, there is clearly correlation or manipulation between these 2 assets. Trading advice not found here...
I think we run down quickly soon, grab some liquidity from the daily level at 6880 and make everyone think we're heading to hell before reversing and smashing through the yearly open at 7168.
A trend reversal is very possible here, we've seen it for the 1st time here on Jan 23rd, marked circled on the chart, now facing the exact same pattern. If Bitcoin breaks out of this channel and doesn't repeat it's previous pattern, it'll move sideways along the 9600 support level and i'll update you from there. It's impossible to tell if it went sideways what the...
What's going on traders, hope you are having a nice day. I just wanted to check in with this very recent price action that BTC is showing us. After making its way up and over the 200SMA, it quickly used it as support and so far is looking strong to the upside (for now). - A golden cross has just been confirmed for the daily, this is a medium-longer term...
Wait for the bounce and then short it again the bottom will be in sooner or later this year
After 40+ percent in 3 days, where is your bias for BTC?