💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -The candle is about to close in 4 hours -This will be its highest weekly candle above ATH -Can we get a retest back to 20k dollars previous resistance? -I don't know but many traders are waiting in the sideline -It is a really interesting 1st quarter in 2021 for Bitcoin -A confirmation of the Bull market has...
💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Temporary top is found for Bitcoin today around 23.3k dollars -Also, local support is being established above 50ma in 1 hour time period -Bitcoin might be forming a small triangle, potentially descending? -The support area is only tested twice, will it bounce again for the 3rd test? -Or it will finally break the...
💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin is now testing its mid-term trendline resistance -Plus this zone is a confluence of Fib ext 1.618 level -I'm not saying BTC will drop now but only looking at a possible profit-taking zone -Bitcoin All-Time High is all over the internet news -Extreme FOMO can easily pierce through this level of...
💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -New All-Time High for Bitcoin today with strong volume -Many short position orders has been liquidated or stopped out -After breaking its recent top around 19.9k dollars -Since this is a new high, potential price discovery will happen -I have used the Fib reverse extension to potentially see the next minor...
💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin is back at its previous resistance zone around 19.6k dollars -We can see this area is a flat rejection point or Ascending Triangle pattern -Make or break for Bitcoin otherwise it will drop back to the trendline support -And things might not go well once back in the bearish territory -So please always...
💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin did a good job finding support at 0.618 Fib level -It is now trading above the 0.5 Fib of a potential new bigger box -If BTC can maintain within this bullish zone in the next few weeks -The probabilities of another move higher will increase -For now, the Bulls are still alive in the short term -No major...
2021 AND BEYOND...JUST A REMINDER FOR ALL OF THOSE BETTING THEIR HOUSE AND ENTIRE SAVINGS ON BITCOIN...NOTHING IS 100% AND I DARESAY ANYTHING CAN HAPPEN AT THIS MOMENT. IN FACT IT IS LIKELY IT WILL DO THE OPPOSITE OF THE HERD. BITCOIN IS JUST A CRYPTOCURRENCY RIGHT NOW, NO GOVERNMENT ADOPTION NOT USED AS A CURRENCY YET OTHER THAN FOR SPECULATIONS AND GET RICH...
💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin hits an All-Time High today after breaking its recent top -It is not a strong breakout given the fact it is already a 22% increase from swing support -We have local support of around 18.9k-18.6k dollars -This is not a key level but a good area if BTC can hold for the next few days -My only advice is not to...
💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -BTC still respecting the 50ma dynamic support area on the 4H time period -This is Bullish and confirms a strong uptrend movement -New Higher High is set again above 19k dollars -If Bitcoin can sustain above previous resistance for the next 24-48 hours -The next potential upside target is 20k dollars or the new...
Honestly, BLX looking a little sketchy to me here. If it can't break through $13,900, dark days are ahead.
BITCOIN LOVES TO DANCE AND IT IS THE MOST STUBBORN AND VOLATILE ASSET IN THE UNIVERSE! Retail too bullish that is the time to exit :) 2018 all over again.
💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -My previous idea on the 1H time period has failed for Bitcoin -We zoom out to the 4H time frame to look for dynamic areas or key support -We can see BTC respected the 50ma 4H dynamic support at least 4 times -If history will repeat itself, Bitcoin might do the same action -This idea will not work 100% all the time...
💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Buyers are aggressively bought the dip for the 3rd time -We can see a Bullish rejection candle at a 17.3k dollar area -BTC manages to get above the 0.5 Fib level which is a good sign of strength -I'm expecting Bitcoin to consolidate in the next 24-48 hours -If we want BTC to continue higher, it must not go below...
💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin found support at previous resistance on the 2nd retest -The price confirmed support and may go higher up to reverse Fib resistance 2.0 -Using the reverse Fib extension during the 1st consolidation range around 15k dollars -We can say the 17k dollar range is the next strong resistance area -I don't...
💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin is likely forming a small triangle near a 16k area -Currently, it is trading above the previous resistance zone last November 6-9 trading -We can see the 50ma 4hr dynamic support is approaching the price -This will help BTC to consolidate in the short term -The market trend is up so priority trade is...