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Greetings from Benice team!
Market principles go as follows: if there is a non-standard candle with a shadow piercing deeply the general trend, we can expect that the price will soon overlap the candlestick shadow. A liquidity taking effect occurs as a result of this movement. The sellers zone gets immersed into the vacuum, reducing the number of offers to its ...
Previous 2 calls have been spot on. New targets here.
Dont believe the "new lows" hype just yet. We gotta get the 5970 level out of the way. And at the current way trend/price is playing out, im not sure new lows are in store for quite a bit.
A few new pieces of information to consider.
1. Bitfinex has restarted USD deposits but with additional wait times and a pleading message to not dox the bitfinex bank accounts because it is bad for everyone.
2. TUSD / PAX and other regulated stable coins are still trading at a premium vs USDT 1% to 5%, even after the initial cause (deposits being suspended) has ...
Updating with more corroborating evidence. This level shows up untested on the daily AND the weekly.
It also corresponds perfectly with the 4 month uptrend line.
The 5970 level is for bitmex. Level occurs on other exchanges at 6000.
This is the last untested level remaining before new lows.
Bitcoin is going to test some major trendlines in the coming months. With some major ones coming in the next few weeks.
Let's see what happens!
As you can see positive divergence plus RSI oversold also we waiting for 5th wave so all of that help in our prediction also we forget about we have harmonic pattern AB=CD which lead to the same point.
Please like and leave comment,we'll appropriate that a lot.
Best of Luck.
Will 2018 history repeat itself?
In the past few years we can go back through bitcoins history and see many examples of the 0.618 fib level coming into play with its price action with the highs and lows, this is an extremely powerful tool to predict FUTURE movements...
Here are good solid examples of the major swings with BTC/USD and its Fibonacci retracements ...
Yesterday showed just how indecisive this market can be while we remain wedged inside this Bitcoin no-trade zone. The price crashed from around $6320, down to a low of $6106, followed by a powerful bounce to $6517, before consolidating at around $6400. Good time to sit on hands.
I think the market is currently in limbo until the SEC announces the Van Eck ETF ...
Hello again my friends, As you see I predicted what will happen until now , Lets see what are my reasons that in different view Of bitcoin which I will go long again on Bitcoin.
Hi my soldiers! Welcome to analysis on BITCOIN!
Bitcoin has dropped to 6000 after the buy wall on Finex was removed. Right now not many people are selling after the huge amount of liquidations, while bids are increasing, so it is pretty certain we will be heading up from here. We may drop but it will probably not be to the extent of the last one.
Therefore, you may long Bitcoin. Keep in mind USDT or Tether is ...
My Analysis for BTC/USD, I`ve shared my overall and primary count in "related ideas" as well
So everybody uptrend , long , bull run again and WHALES like it :))