BTC/USD -Bitcoin found support at near the 20D Moving Average -We can see a strong move up by the Bulls -If this daily candle closes in green -We can say the 37k dollar is our immediate support -If and only if the recent top is broken upwards -The chances to go higher increase to test 47k sell area -For now, everything is looking safe again -Some Altcoins is...
BTC/USD Bitcoin found local support at Fib 0.382 If this current level will hold Expect a run-up to a recent high at 42k dollars Otherwise, a retest of support at 37k dollars Potential mini consolidation for the next few days
Bitcoin is rejected at the 41k-42k resistance zone. We have 3 potential areas where BTC can find support. This is from 38k down to 34k where the 50D Moving Average is located too. Let us wait and see.
💎Technical Analysis Summary💎 BTC/USD -Finally, after 3 months of red candles. The month of July finishes strong -Bitcoin has a monthly immediate key area of support around 35k-29k dollars -This is the zone we need to watch for the remaining months of this year 2021 -As long as this area will hold, BTC will remain Bullish until the end of the year -For now, I'm...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin is currently testing the mid resistance area after a 40% increased from the 29k region -This zone is a confluence of previous tops from January 8, May 26, June 15 trading -Also, the 100 Moving Average is sitting inside this zone -Take note, the RSI hit the 70 level or overbought territory -After 9 trading days with...
A thought I've had for nearly 6 months and thought I'd share. If Bitcoin is going to rhyme with the 2013 cycle this is what I'd look for
looks like we've confirmed this impulse quite eloquently, and i think we can all agree on that together. this is my current projection as of this morning, and the one i am willing to trade with confidence. sub wave 3 target: 43~45k sub wave 4 target: 39~37k sub wave 5 target: 47~50k. this should put in wave (1) on a higher degree; after which we should in...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin finally confirms the weekly key support area -After a strong recovery back above the 50W MA and hitting the 40k level -We can say BTC is safe for now in the coming weeks -But the Bulls can't stay relax because the 40k dollar is acting as a strong barrier -And also, we have a new CME price gap of around 34k-32k...
Demonstrating the Power of the circle Red areas = price decline as per hitting an area of the circle Green areas = support area as per hitting an area of the circle Linked is my guide to using the circle tool Really do enjoy using this tool to portray support and resistance zones
Optimal entry point directed on chart This is along a curve that has extended from the previous bull market top An observation I can't display on chart is that the 200MA is forming a somewhat "W" pattern, meaning the structure of the 200MA is in the form of a W Made a little spread between the entry point due to possible error while drawing the curve
Using the Top Cap indicator we can draw the conclusion that it will likely be hit As it has been hit every cycle previously 1460days = 4 years An addition to my previous Top cap analysis
Now that we know where we are, we can safely know where we are going. Wave 4 corrections tend to be very complex, and very complicated to figure out - which is why i have spend so many days and nights working on this picture; unlike simple corrections which are a piece of cake and take me a few minutes to chart. This was one of the hardest charts I've ever had...
Lets take a look. Price goes up and indicator goes down you have a bearish divergence which means price should eventually follow. Price go down and indicator goes up we have a bullish divergence and the price should eventually follow. It's all on the same chart, break out expected soon... Which way? answers down below.
Always focus on the long term for your investment. Never be afraid of the short term day to day because it can scare you or make you uncertain. Long term 2022-2023 I believe we will see crypto make another move higher!
let's consider for a moment that we're in a 1-2 1-2 formation down here. that would put our first w3 target at 38~39k second w3 target would be at 44~45k. w5 target = 52k ps. this is one of many scenarios that i am seeing right now, so take this as you will. i am not bearish, nor bullish anymore, merely neutral until we figure out what is going on.,
$BTC - SIDEWAYS UNTIL SEP 2021? Strong Resistance ~$41k
💎Technical Analysis Summary💎 BTC/USD -The Bitcoin Bulls defended the 50W Moving Average support -The weekly candle closed with a bullish rejection at the key interest area -The fight is not yet over, there is a lot of work to be done -Many are looking at a potential big H&S pattern -But the Bears are struggling to close below the 30k level -Strong Bitcoin...
💎Technical Analysis Summary💎 BTC/USD -As the price entered the weekly support zone -The Bulls bought the dip and they are still holding the game -This is still too early to celebrate again -Because every attempt to move up the price keeps rejected -Now, we can see a potential strong trendline resistance -As the price start climbing, the 50D MA also approaches...