BLX log view on the weekly. Notice the blue vertical lines. Those are fibonacci time line cycles, which indicate a big move. Zero point was 20k. Bitcoin is approaching line 8 around May 25. Notice all of the other fib time lines land right on a major pivot point.
A symmetrical triangle is a very bullish and extremely reliable bullish pattern This is a good sign seeing this on the BLX chart Litecoin has a golden cross on the weekly chart, don't sleep on LTC! The good entry point is now!
BTC/USD -Bitcoin failed to break downward trendline resistance -but manages to trade inside this bullish descending channel -200MA is acting as dynamic support on a 4H chart -technically, Bitcoin is on a 4H downtrend -key immediate support must hold is the 6400 area -if current price failed, next key support is at 6200 zone -trading inside this channel is...
Using the inner spiral of the Fibonacci spiral to predict tops, there is a clear pattern in which the inner spiral of the previous bull run is directly horizontal to the top of the next bull run Quite interesting I believe the next bull run will be quite long due to this concept that I identified in this analysis Can be seen to be forming a nice bullish...
BTC/USD -Bitcoin still flowing inside this triangle pattern -100MA is acting as dynamic support -key support is 6770 dollars -RSI is holding 50 condition level -if BTC can't break local resistance trendline -we might see a drop to 6500-6200 dollars -the sentiment is neutral to slightly bearish
BTC/USD -bullish scenario today -if BTC manages to get above 7k and pullback to 6.8k -hold 6.8k and break the resistance at 7.2k -bearish side, if BTC breaks 6.5k -we will see lower low down to 6.2k levels
A huge triangle has been forming ever since 2017 the $20,000 top. I think the triangle indicates new paradigm shift, hindsight the corona crisis raises distrust of the financial system, we'll soon see it break the upper trend line, as a trader it is important to remain neutral and trade what's obvious.
BTC/USD -Bitcoin is following my recent projection to the upside -Key support is now established at 6780 dollars -upside initial target is 7450 dollars -the RSI is back above 50 level which is a bullish sign -no major red flag today -the priority remains to the upside
BTC/USD -must hold the key support at 6733 -ascending trendline must keep intact -100MA acting as dynamic support currently -the priority remains to the upside -if the upward trendline is broken, the trade becomes bearish -crucial time for Bitcoin today
BTC/USD -a potential double retest of support -upside target remains intact -if a break of local support, next key support is 6700 dollars -bitcoin is ready for a large move within 24-48 hours -no major red flag yet
BTC/USD -two bullish scenario -BTC will retest new support at 7074 -or retest lower potential support at 6722 -multiple 4H MA bull cross, signals upside momentum -the RSI still holding above 50 level -the priority remains to the upside -no major red flag
BTC/USD Bitcoin broke the trendline resistance and the 200MA on the 4H chart. If BTC can hold current levels for the next 24 hours, we could expect a potential bull cross of 50MA plus 200MA together. A good retest of old resistance turning into new support is also ideal for a Long opportunity. The upside target is up to 8k psychological resistance plus trading...
Saw this indicator on twitter used by Willywoo, looks good for testing tops. I say the long bullrun is slowing down as bear cycles are becoming slower in momentum (more prolonged) This could prove a test for BTC in the long run.
Simple symmetrical triangle analysis for the next couple years for BTC. Personally if you are going long i still believe Ethereum out performs BTC in everyway.
BTC/USD Bitcoin just hit the 7k level but failed to maintain the above crucial areas. The price is slowly going down but the Bulls still have the chance to make another attempt if key support 6500 dollars will hold as the 50MA coincide with the same area. This could be the last chance for the bulls to reclaim the 7k regions otherwise, the upside momentum will...
History never repeats its self but it often rhymes. I'm targeting 5100 for spot buys and will holding from there for next several years unless we get into a seriously overbought situation in which case I will sell some and re-buy lower. If we do happen to see something way below 5100 like 3200, I'll just max out the credit cards and buy more.