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
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!
This chart has kept me up many days and nights, but i think i've finally figured it out. We are in Wave 4. Currently in Wave B (AKA the suckers rally) Don't get pulled into the hype, instead buy the real dip with the rest of the smart money. I have Wave B topping out between 49~50k Followed by a drop down to at the bare minimum of 27k to finish Wave C My...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin is still trading within the mid resistance zone -Currently facing minor rejection at 0.618 Fib resistance -The good news though is the price is holding above the 50DMA -For me, as long as the 55.8k dollars holds, I'm still bullish -But if BTC failed and closed below 55k dollars, the bears might re-enter -We are...
This is the BLX chart Consistently through 1 - 1.618 a down move can be witnessed as price crosses into the next fib ring. This is cool because it shows the power these tools have over price, and the power of analysis. Current price has broken to the upside Very bullish for BTC however I still recommend ETH (a lot of smart people behind it) Bet I guess. ...
Idea for bitcoin Possible top leading to a crazy altseason (total2 time > than TOTAL) while btc is stuck in a slow downtrend I really would love to see the outcome of this formation, its not very pretty (bearish is possible)
The strength of bitcoin will continue to grow The fixed amount is what makes this asset class so appealing This is going to be a big change for society when the spiral is respected A dagger for those ill-informed BLX chart Using geometric structures based around the spiral, A bit of Raw Gann
BNCBLX BTCUSD 100K by Dec. 2021
BITSTAMP: BTCUSD -After the massive sell-off recently, BTC might temporarily found a support -The 10k area is now acting as a strong Buy zone after we saw a double retest -We can see a Bullish candle together with a big green volume -The RSI is showing a little divergence on the 1hr time frame -Bitcoin might be ready to test the downward trendline...
BTC/USD -Bitcoin just had a Bull trap after breaking the recent high at 12.1k -The price slowly dumping down to 11.6k located the trendline support -We can see a Bullish reaction candle on the 1st retest of trendline -BTC is still on an uptrend but a sign of weakness is showing -Though the trendline of support still valid -We still need to be cautious as the...
BTC/USD -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 -Only if...
BTC/USD -I have 3 possible scenarios for Bitcoin on this 1H chart -1st scenario is a bearish Double Top reversal -For the 2nd scenario, BTC breaks the trendline resistance and push higher up to 12k -My 3rd scenario would be a bearish descending triangle -Downside target is down to 10.2k which is a good area of support -These are my thoughts, let me know your...
Bitcoin CME Futures -After the trendline breakout and support retest last 22nd of July -Bitcoin started its uptrend move to 10400 region -If there is still left in the tank, it might even break the 10.5k resistance -But everyone is currently looking at the CME GAP down to 9.6k area -We all know Bitcoin likes to fill Gaps most of the time -It would also be healthy...
Dear gamblers, This is my view for BTC in middle term, kind of extreme i know, but I believe we are due for huge correction that will lead us to 2k levels. If you look the picture you will see that, if my idea is right, we should be still in a bear extended scenario B. Please share your thoughts, I know that almost nobody will agree this idea but fundamentally...
BTC/USD -new key low support is set at 9k area -Bitcoin closes below the 50D MA -it will now retest the 50ma and trendline resistance -decision time for the market -are we going to break higher or come back lower? -technically, we are still on a big sideways market -it is still high-risk trading within the ranging price action -my bias in the short term is to...