Lower timeframe analysis focusing only on recent price action and FOMC news release reaction. For a longer timeframe analysis you can see my previous post. This is further confirmation that market wants to move north.
Hello Trading View, this is my first chart for BTC and i want to share with you my thoughts on it through my idea. - So to begin with on 19/Sep until 25/Oct, BTC was traiding lower than the big main support line which was holding on from the beggining(YEAR-2013). (WHITE LINE) - On 26/Oct BTC was already above the WHITE LINE and now is still trading above...
| Your time is precious so I write concise and precise, feel free to ask for more | We see good weakness sign in DXY which gives great signal for cryptocurrencies TO UP! So let's keep eye if the resistance does its job or not | Your time is precious so I write concise and precise, feel free to ask for more |
Bitcoin has gained off a weaker dollar and strength in the stock market. We are currently contending with $19.5K. As we have mentioned here many times, this level will provice signficant resistance and we are not likely to make it to $20K. But if so, we expect $20K to be a ceiling for now. We are seeing strong resistance at $19.5K right now, confirmed by...
Bitcoin is currently restesting the downtrend from June fpr the sixed time. Previously this has led to a massive sell of. First indicators show another selloff right now. I am short BTC
The key support is broken. Now BTC is sliding down. Control your positions. $18218.53 area is the next support. If this area is broken, a second slide would incur. (Similar to the movement of breaking the key support) After the breakdown on the key support, the short-term movement forms a new short-term downward channel, resulting from a panic selling. BTC is...
These rules are based on Thomas N. Bulkowski's book 'Encyclopedia of Chart Patterns' Hi guys, cup and handle set up on ICP. 1. Previous to 1st cup lip rise in price > 30% 2. Right cup lip around the same price as left cup lip 3. Length of cup > 7 weeks. 4. length of handle > 1 week. 5. Invalid if daily close below 50% of the cup These rules are based on Thomas...
During the last cycles bitcoin has never fallen below the weekly 200 moving average. During the covid sell-off price wicked below the moving average for 2 weeks, but this was merely a deviation from the trend. Right now bitcoin has stayed below the average for 6 weeks. But in my opinion this is just another deviation from the trend to fake out traders. At...
Many people thinks that this Ascending Channel is going to play out, which would be a continuation pattern that pushes the price down further. I don't think so, because many other T.A. indicators are telling us that we have already bottomed. IMO
Supports keep moving up and BTC is trying to establish support at the top edge of the box. BTC is trying to confirm the breakout within the 3-day time frame. Today if the top edge of the box is not broken, it will go up against $24692.22, or else it’ll consolidate again within the box. Monitor the oscillation zone around $23000, between $23101-$22733. Both...
Since Bitcoin was able to break the level of $20,400, the next target could be the price of $21,150, and from there there is a possibility that it will experience a drop.
I think that Bitcoin will react to the level of $20,300 to $20,500 and experience a drop again and return to the support level of $19,000 and I believe that it is still a bearish market and suitable for a short position.
In the previous analysis, we expected to break the $19,600 range, which was weak, and now it is in the range of $19,000 to $19,600 in the 1-hour time frame. According to the chart, if this range is crossed, we can expect the price to rise to resistance points. And if it moves down from the range and below $19,000, it can have a correction up to $18,800 and...
I will be paying a very close attention to the 200WMA, as I Know in the past years it has acted as strong support. Imo I feel like on the smaller time frame we could go lower but on the weekly time close back above 200WMA. I still believe we won't see a bull market until next year.
Following the principles of vibrations, and the concept that market repeats patterns, here is analysis on BTCUSDT. Bitcoin started downward spiral from 10th November 2021, the high price of 69198.70 USDT crushed all dreams of people who kept an order for short at 70KUSDT levels, nevertheless, few made it possible and quickly booked profits. Most of CT influencers...
Bitcoin is in an upward trend in the daily timeframe, which has now hit the bottom of this trend line again, and if supported, we have the possibility of a price increase. It gets $ 31,000. Its not Buy or Sell SIGNAL DYOR BY : Mohamad Teriz - @AtonicShark
Bitcoin is currently in the support range, which is likely to fall to $ 37,000 and $ 34,500 if the trend line and support are broken down. If the support range is maintained, the analysis will be updated. Its not Buy or Sell SIGNAL DYOR BY : Mohamad Teriz - @AtonicShark