Hello Lads and Ladies, This is just a joke to make your day even better and kill all toxic thoughts from the last days!! The question is though, what is Bitcoin trying to say us?? Or is here even Satoshi trying to communicate to us?!?! Tell me what you think abut that and what might happen next!! Nevertheless, I see it coming down a little and turning the blue...
Hello Lads and Ladies, today we are looking at BTCUSD and there was a reason why I did not do TA on it until now. I was waiting for it to make its classical move up with the 4h candle. This $500 tall green candle was a move that we see quite often with BTCUSD. I personally expected a even taller candle up to the region of $6800 but that one might still have a...
Looking at the log scale of BTCUSD daily we can see the price still under the major downtrend line. At the moment the price is fighting the 61.80% level of the major Bullish structure. To me to consider BTC bullish again we have to see prices out of the MA50 and the downtrend line after breaking out the Fib 61.80% Anyway MACD, and RSI over 50 , supports bullish...
idea for next movement of price btc usd. again it's risky but i'll try. i think we can dive a little bit deeper. i signed this on chart (be ready for this movement).
WS will sell til March 2nd-8th. Have your seatbelts on for the drop. BULL TRAPS incoming on the way as well. *Do your own research. Do not blindly follow this though.
The EMA-200 shows strenght to the upside, so I think BTC might go down as low as $7900
Let's see what's gonna happen 1- RSI approaching 30 zone which is possible reversal zone 2- This trend line is strong one holding since 16-7 3-10000 is basically a psychological value (almost 50% retracement from previous high )
This pattern shows up on both XRPUSD and XRPEUR 11.80% the completion with good reaction at the $1.62 shows that profit taking has nearly all but ended and new money is slowing again entering the market. Price should begin to retest $2.50 and a bullish brakeout above that.
I don't really rely much on chart pattern, as most of the time they just don't work in Bitcoin, especially pattern like ascending/descending triangle, but it's worth paying attention. Support/Resistance Currently we're seeing $7344 as a temporary support, and middle bollinger band as next support. $7500 is still acting as a resistance, we see lot of profits...
We have a $500 pullback after hitting $7500 yesterday, this may be the psychological level people taking profits, right now in this 15m chart we're seeing that the short-term downward trend line is broken, but what we need now is a solid bull volume confirmation, otherwise it doesn't mean it's over yet. It could also go sideways as SegWit2X fork is not far from...
After a nearly $2000 bull run from the last low, we're seemed to reach the bull volume climax, and now in an equilibrium pattern. A few hundreds pullback from the last all-time high is a consolidation, which you can see it clearly on the daily and 4-hour time frame, everything still looks healthy. We are definitely still in a bullish trend, but I will not enter...
I wouldn't go short now without a clear direction where the price is going, 5720 is a strong support, and below that there's multiple support there. We're still in an upward trend in a longer time frame, so I'd say it's still a healthy consolidation.
We're now retesting the resistance 5721 at Bitstamp, which rejected multiple times previously. If we close above this resistance, we can watch the volume of next candle as a reference, if it's confirmed we can anticipate a new high.
All Fibs were drawn on 1D candles. Both pitch fans were drawn on 4HR candles and are used for the forecast line. Potential new cycle beginning on the white trending support line?
There is another possible path I want to share.
I am expecting bitcoin to fall to 4,000$ range! Just cause there has been no new money flowing in! people are just playing around with longs and shorts! nothing else is driving the price of bitcoin at the moment! Just cause of the previous data! it might not happen today but in 1-4 days! This is just data based prediction nothing more!