I know the short term charts don't say much but I wanted to share this anyway we are very close to btc support so a drop could be very bad at the moment it seems to be rising in a "controlled" way.
Long term I think BTC will come back but I don't think the bears are done with their lunch yet, I'm short term bearish, long term bullish. 1Y: Supertrend bearish, below 50MA, barely hanging onto 200MA, RSI 37.69 (tad oversold), DMI bearish indicator (red) stronger 6M: Supertrend bullish, below 50 & 200MA, RSI 44.45 (neutral), DMI bearish indicator (red)...
Hello everyone Before we start discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! BTCUSDT : please first read my last analysis about bitcoin from a link below. BTC reached a strong resistant zone. the price moved downside as I expected but in a slow manner. now, the best...
Clear 4 Year bull cycles for BTC Each cycle contains a down period indicated on the "Gaussian Channel" indicator 3 Cycles, 3 Down periods Expect the current bullrun to end Early - Mid 2022
Bitcoin - Intraday - We look to Sell at 58369 (stop at 59263) Daily signals are mildly bearish. Rallies continue to attract sellers. We look for a temporary move higher. The trend of lower highs is located at 58400. 20 1day EMA is at 58200. 50 1day EMA is at 58200. Our profit targets will be 55909 and 55009 Resistance: 58000 / 58500 / 59250 Support:...
Evening all! Back on TV for a key BTC Update! Keen to hear all your thoughts below!
Bitcoin is currently bouncing off the 0.618 fib retracement level and has formed bullish divergence (seen on 1hr & 4hr chart). Expecting a move towards the white trendline, however with the Fed rate decision and FOMC conference tomorrow I expect there will be a lot of hesitation and volatility in the market, and wouldn't be surprised to see Bitcoin take one last...
A. We have a downward sloping resistance from 69k which has kept us down. B. we held the 2020 support on the weekly time frame. C. These two are now converging and by friday/saturday we will see wether we break the downward sloping resistance or will we break support. we need to hold the $50 400 mark by friday. If we are even @ $49 000 by friday, that could lead...
nothing more than described in the title. My TP is the green resistance zone and SL is right below the swing low. Low R/R but with size cuz I got some conviction on this one. I strongly beleive ALT/BTC pairs will bleed here
Evergrande miss the deadline . For some reason btc market is connected to this company lets seee how it goes
Summary: When we look at the BTCUSD weekly chart, we can clearly see that BTC remains bullish . The manner in which price behaves in the next few weeks going into the new year will give an indication whether BTC is starting a bear market or remains bullish . Moving onto the daily chart , the trend is over extended remains bearish . We can see some buyers trying...
A. We broke the trendline plenty times in the past week, even with 1 daily close below we have managed to see a pump back into support, fridays pump is most likely because of this as it broke exactly back into support. B. that daily close is not important because we still have not closed a week below this trendline since 2020 C. Only fear a weekly close below
Bitcoin is now popular all over world and everyone is investing in it . it is making bull flag andheading towards 75K. my suggestion is buy . DYOR.
Kind of Wyckoff… Just leaving this here… I’m really a noooooob
After rejected from yesterdays pivot point, it was on the road to 42K this what we see on the 1H timeframe chart, may be a consoladition. However, if we look at shorter timeframe like 5minute timeframe we see yesterday price was rejected from S1 and came to retest todays pivot. Like i draw on the 1H chart we have an upward trendline. if it breaks we expect to fall...
BTCUSD is making short corrections in a narrow range to make a big correction as long as to its old support 42000, 40000. On each hourly candle it is closing in sell if continuous H4 candle closes in bearish engulfing candle it will prevail downside to complete its movement.
This is my idea of the next few moves for BTC. Period 10 dec - 25 dec The reversal is near, 2-3 weeks of waiting. don't Like & follow
Comparing these two points at sections 1,2,3 (in square) and section in circle We can draw the assumption that BTC has finished its consolidation and will begin to move up again I believe we still have some time left in the bull market for BTC, im counting on it ending mid next year