Right now is the local low.
We will bounce no higher than 11500. If we do, then we will go sideways for at least 3 days.
After rejecting from the defined local high, price will dip to no lower than 10,800. If we do, Bitcoin will enter longer term downtrend.
After bouncing from 10800 or higher, price will be safe and see continued upward continuation. This is...
-Bitcoin is about to confirm a Bearish Double Top reversal
-The price is starting to break the upward trendline support
-If the next candle will close below the key trendline
-It is likely to confirm this reversal pattern
-The downside target below is 10900-10700 range
-We can see multiple bearish signs on BTC
-RSI divergence, Strong sell volume &...
Bitcoin CME Futures
-Today, BTC made another Higher High looking at the 4h time frame
-But we need to be more cautious now because of the Bearish RSI divergence
-The price is touching the upward trendline resistance
-If Bitcoin unable to break above the trendline resistance
-It is likely to come down and try to fill the CME gap at 11735-11690 range
Hello, dear friends! 👋🏻Today I wanna bring to your attention log chart of Bitcoin, this chart was published by me last month🔥
That's a great time to re - call it 🧨
Everyone of us knows, Bitcoin is an exhaustible resource .
❗❗❗ In total, it's possible to produce 20 million, and more than 18 million have already been...
We have seen in the past that BTC has a wild behavior and loves to trap longs and bag holders at high prices with false breakouts ! We are facing a resistance @ $11534 ( August 5th 20219) and 0.618 fib extension sits right around $11950-$12100 level ! The whole world has gone bullish once again and the worst is yet to come ! There is nothing but bad news for the...
Using logarithmic (non-linear) regression curve Trololo Lines to forecast the BTC (BLX 1D) price range, and it's trend within the range - based on previous trends influenced by the halving every four years.
Not as exciting as Stock-to-Flow models, but pretty close up until 2023 when Stock-to-Flow launches from 100k in 2023 towards 1 million in 2025 (not shown) -...
I´ve spend many days watching the Bitcoin tickers at many timeframes for many years and I realized this is the ultimate chart with important trendlines / gread & fear (based on RSI) / halvening setup which seems to be respected for many years & in my opinion from long tern perspective investing this Weekly chart is most important history based...
It's no mystery that bitcoin in its current cycle is nothing like the bear market of 2014/15.
Instead of a clear period of accumulation at very low price levels, it has taken off into what many would call a bull market.
- So where do we go from here?
At this point anything could happen, but before we get ahead of ourselves it's good to take a look to see what we...
This is the standard BLX chart used to track the candle patterns of Bitcoin from its early stages.
The pattern is parabolic and that has been discussed more than enough here. What I want to emphasize most with this analysis is the support provided by the Green Zone.
As soon as the price enters this Zone, Bitcoin makes a bottom, never breaks it, consolidates on...
-bitcoin bulls won the short term game today
-as the price broke finally above the trendline resistance
-also manages to give back above 200MA on 4H timeframe
-now, for BTC bulls to continue. They must protect the support at 9200 range
-because this level is important in the short term market view
-the next level to watch for the upside resistance is...
Some sick stuff is going on here....
Playing with timing of BTC up/down the past few years, it looks suspiciously rythmic.
I added 2 sine lines, one half the length of the other one. When they have crossed, they have timed perfectly both sell signals and buy signals - over a 8 year period.
This is pretty strange to me.
Also the Moving averages cross timing...
Welcome to advanced Tothemoon analysis!
Well I did something) The estimated Tothemoon model.
This is an example of how you can use the fundamental Bitcoin metrics along with simple proportions and drawings. And without any H&S, gartleys and butterflies. Okay, I'll tell you briefly what I've done.
1) Cost per Transaction ( $/Tx , miners revenue...
Support + Resistance Zones / Levels
Will be interesting to watch moving ford ...
Vpvr Drop off point
Vpvr Strong Support
I will be watching these Levels moving ford ...
The Usual Disclaimer:
I am just having fun
This is not financial advice
I am not your financial adviser
I am publishing my chart for personal historic archival Purposes
Historic Price action Doesn't Repeat Itself, but It Sure Does look like it wants to Rhyme and Riff of past Inspiration :)
I believe this post will age well ... :)
Long term I don't mind when only that Price Action WILL !!! continue to rise :)
Buckel up for the inevitable volatility
I have been asking myself self did the value of BTC just rise?
or did the value...
-After the ascending triangle pattern broke out
-The price hits the 12k key resistance including the CME gap before 12k
-Bitcoin drops and now trading below the upward trendline of support
-This is not good in the short term
-We can also see a strong sell volume during the blow-off top
-The key area I'm watching right now is the 10.3k-10.1k range