We are quickly approaching the apex point of this wedge/ pennant and BTC is looking a bit shaky right now in my eyes, we got big time rejected off the midline of the bollinger bands and aswell the top of the wedge now cruising towards the bottom of the wedge. What catches my eye the most is that if we breakdown further and out of the bottom of this wedge we will...
Bitcoins continuing on this sideways path but has recently been really sticking to the 0.5 FIB level. We seem to be getting held up here and we are now facing 0.5 FIB resistance and also the midline on the bollinger bands, we are seeing some more squeezing from the bb's and if we keep going this way we could get a big move in either direction. I think we could see...
Bitcoin has recently been cruising around the 0.5 FIB above and below and now we are coming up on our monthly close and this is very important. it looks like we are going to see a very close one as we sit almost right on the 0.5 FIB on the daily and monthly. If we do see a close below the 0.5 we could see another bearish sideways month for BTC and crypto. Not 100%...
Looking at bitcoins monthly chart and the first thing i realized and said to myself is "this could easily be just a cooloff or correction in the macro perspective" and that is exactly what i think. We had an explosive 6 months previous to these 3 and it really does make sense that we need a break or cooldown, and that goes for everything, we need structure/...
Bitcoin took a hit today like alts did and we have rallied a little bit back up but i am not convinced the drop is over but thats my opinion. We seem to be getting stuck underneath the downtrend resistance coming from our ATH. We are looking a bit positive for our daily close coming up soon jumping back up from underneath the 0 FIB level. The MACD is holding up a...
Bitcoin has rallied pretty well the last few days after heading sideways for some time. We notice price action has pushed up towards the top of the bollinger bands, this could be 2 things, we could see a big climb up the top of the BB or we could see a fakeout sort of like what we saw at the top left of the FIB retracement. I personally think we could see a mini...
Bitcoins starting to really ride the bottom bollinger band like we talked about yesterday, which if we continue we could definitely see a fall, if our 0.6 FIB or 30K level doesn't hold the next major support level is around 21K or the 0.7 FIB. Our MACD histogram is getting smaller and smaller bull wise and we are coming up soon to that midpoint where we could see...
Bitcoins dominance since shooting up during our last correction has slowly going sideways and slightly down which has formed this pennant, we have held perfectly inside this pattern and we are now approaching the Apex point or the end, our close tonight for BTC dominance will tell us quite a bit, my thoughts are we are going to break below the end of the pennant...
BTC has been ranging sideways since our last big correction with us mostly stuck at the 0.5 FIB level. I do think there is a chance of us coming down to the 30K mark again due to lack of volume and a few other factors. First looking at the EMA ribbons we still haven't made any progress on reversing the ribbons back to green on top, and we are actually twisting...
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Bitcoins been dragging the market down with it for the past week or so, we also have a super important close tonight due to us being a good sum below the 0.5 Fib or aprx. 45K (USD). If we do see another bearish close below this level i would expect a pullback to the 40-41K level or the 0.6 FIB. We are travelling down a shorter term descending channel getting...
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software. 1 Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer...
Bitcoin has recovered very strongly after our recent correction, even while dominance was falling! We are currently sitting directly on the 0.2 FIB level and our daily close is in a little over an hour, i will be watching closely as if we drop below the 56K level we could see a little downside. We are seeing the EMA ribbons starting to squeeze together, they...
We've have been seeing a healthy correction over the past 2 weeks and i think we could see BTC start to recover a little bit soon. We have been riding the bottom bollinger band for the last 5 days or so and we could see a break of that after our daily close tonight! Looking for a break and hold of the 0.3 FIB level or aprx. 50.8K$. The Zero Lag MACD is showing a...
Good day to all profit makers! If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! - Can we break above the daily? --If not I think this could be a possible path. - Consult the chart for more information. - There are many traders looking for shorts, so be careful - Note: - This is just my...
Good day to all profit makers! If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! - This chart showcases two of many possible patterns (Falling Wedge & Symmetrical Triangle) - General consensus: still bullish in the long term - Short term might treat us for a rollercoaster ride - There are...
Good day to all money makers! If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! - Consult the chart for more information. - One of the most important triangles of today could be forming right now. - We could be bouncing around The 43500 - 44400 range for some time. - Support will be tested at ...
Good day to all money makers! If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! - More downward movement expected. - Zoom into the chart to get a better idea. - Consult the chart for more information - This is just my current idea. - I am not a financial advisor! - There is always a huge...