Sorry, Guys! I was busy, that is why I was unable to post any analysis.
Okay, Today's Analysis are very very very IMPORTANT, as it dictates the crypto market.
Bitcoin is the mother of all cryptos, if it moves, let's move accordingly.
First, let me give you the concept:
When the dominance of Bitcoin increases, the dominance of Altcoins decreases having...
Just sharing the weekly view of BTCUSDT.
Bulls are struggling to push and hold above $10000 mark.
If the weekly candle closes below those 3 red resistance levels we may go down to $8000 or even lower - to the green trend/support line.
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Everything is fine in CORRECTIVE WAVE then, Impulsive wave will price up-to new high.
plotted HH,HL,LL and LH.
Breakout on parallel channel:
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Bitcoin has shattered the expectations of recent our recent charts. The bulls are in, and proof is in the chart and history. Taking a look at the 1W chart, the MACD is showing that it just began a long bullrun.
Second, take a look at the green boxes. Whenever Bitcoin started moving up.. it kept going up. There is no time in its history where Bitcoin moved up...
What Key Support?
We are again at the 0.618 - 0.65 FIB retracement zone, which is the MOST important FIB zone for BTC. Whether this zone holds is crucial to where BTC could reach in 2020.
When to enter?
1. Timing: Now - Christmas
Historically, we often see better market performance...
I would prefer to see the short side here, and get pushed back into a more buying range, ideally It should spike through 9176 to get a real strong aim for 10K in my opinion. Other than that it will be ranged
We should see one or a few days flat for BTC price (between support and resistance $5000 / $5200) then BTC will have enough power to break $5200 resistance and next stop should be $5600 resistance which lead us to $6000 price zone, than we think correction will be started and how much exactly BTC will dump - very interesting question. This is unlikely that BTC...
Eleven more weeks till the end of the year.
1. With the recent pump, the cycle should restart to a new cycle, but we can see it making another high, we will wait for confirmation.
2. Still calling last bottom since months ago is $5700 - $5800
3. Big money accumulating offline, they are not buy in the market because it affects the price.
4. Play safe,...
Where is the Bottom? That is a good question, we need to have the best probability for the Bitcoin :
BULLISH SCENARIO :
- Low volume = next movement will be very strong, so be careful, but if it's bullish, big profits will coming!
- We have lower low since a few weeks, as you can see, we need to breakout the bearish trend line to have a good...
1- Adam&Eve Double Bottoms Pattern need to confirmation at 7400, it should go higher after it reaches there.
2- We are currently inside of Bearish Rectangle, it may drop to 5555 and more deeper.
Long or Short at breakout , Setup on chart.
Please do not hesitate to ask question.
This my update from my latest BTC update (you can get it here: ).
I wanted to do it in a higher time frame which is 4HR and before was 1HR. As the boxes is not relevant right now but the RSI level and 2 others indicators are looking pretty bullish...