Hello! Today we will deal with the topic of everyone's acquaintance - Bitcoin. In the last few days, he lowered his price by as much as $ 1,500, whereby the beacon indicator and the handle (an indicator of something that will completely change the market for cryptocurencies) the scheme can see the possible peak that will most likely be reached in 2021. Do not...
Wait for a correction and buy more after one at $5800-$6000
Almost identical twin chart with the current (5/18/19). In my opinion, we are at the exact same date (6/18/16). The possible drop is potentially around 38%? Doesn't look at good on our UCS_MMLO & NVT either showing an all time high before a drop (at the time of writing this). The past gives us a good reference of where we are heading to before the official bull...
BTC is creeping towards the very strong resistance level of 6000-6300, with current market uncertainty it is not yet clear if the level will be broken or not. News on tether and bitfinex will influence if we break the level, although lot of it is already priced in with the knowledge that 40% of capital is already moved off Bitfinex. While the case will be cleared...
clearly we are in some very bullish territory on the weekly. I only trade on the weekly time frame because I like long term investing strategies over scalping or short term trades. Worrying about what's bitcoin doing tomorrow? Honestly I don't care. I'm interested in long trends, this is where I'm more successful and not so into my head on missing out and making...
This is the realistic view I see BTC/USD price going, taking into account previous price action and how it’s performs relative to the moving averages and support/resistance. I have calculated each price point using percentage increase/decrease and number of days it would likely take to get to these prices. I have made this price as easy to read as possible. Enjoy...
This prediction made possible by transposing a similar pattern from the previous bear market. Assumptions that 1.) the bottom is not in yet at $3,200 and 2.) The next ATH will be at the end of 2021 when everyone is talking about Bitcoin at the holiday family gatherings like in 2017. If the forking of Bitcoin Cash to BSV caused the price of Bitcoin to go fro...
This is the Bitcoin weekly view (BLX chart). We have seen that the 5800$ level acted as a good support until it was tested for the 5th time in november 2018. Now it is acting as huge resistance and it coincides with the 50 Weekly Moving Average, which also acts a resistance. Furthermore we have seen the bearish MA cross happen already (50 crossed down the 100)....
Scenario 1: We drop towards the 200 SMA (around 3.5k) breaking it immediately or forming a triangle like the blue one you can see, getting rejected by the trendline and dropping afterwards... (Red line drawn)(This Scenario becomes more and more likely we are dumping towards the 200 SMA ) Scenario 2: 3150 was the bottom, breaking the long term trendline going...
Bitcoin has two trends quickly coming to a cross roads. Which one will win? Look at this chart and truly ask yourself which trend is stronger right now. To me bulls are giving it a go but sadly it still looks like the bears are still in control. Huge bear flag formed and coming up again really strong long term resistance and that pesky resistance of 4200. If...