On the 4 hour chart, Bitcoin looks to have completed an Elliot Wave Cycle. After completion of a corrective ABC pattern at a significant .618 retracement level of the initial impulse wave (1-2-3-4-5), the price broke through a long term S/R trend line. (see red trend line) With the RSI > 50, and significant resistance ahead (see blue rectangle zone of S/R), a 1st...
Here we can see that bitcoin broke under multiple support lines. The price fell under the EMA 50, which may serve as future resistance. (blue line) If the price falls under the channel support, then a price drop equal to the height of the channel could occur.
This would be the $8470 - $8420 area.
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According to the recent news, Apple, maker of the wildly successful iPhone, appears to be taking its...
Bitcoin BTC consolidating at MAJOR resistance level , what's next?
A lot to talk about today, as we're going to be covering Bitcoin, Ethereum, & Ripples Technical
Analysis, as well as BNB and why I’m holding the Binance coin right now. Then there is some
awesome headlines to talk about Fidelity Institutional Investments coming into this market were
going to be...
These are just my opinions. My messages or chart analysis are NOT intended as a recommendation to buy or sell any cryptocurrency or asset.
Do Your Own Research.
** NO POSITION , NO COMPENSATION **
Took a while to create.
The idea was to use measurements from Volatility, Fib, Ichimoku Clouds to create an idea of what the price would look like from the first peak if you were standing there looking in the distance.
I think this shows we are bullish as well due to the fact we had support above breakout resistance from last time.
More Pictures in description
The #BTC movement in this period has interesting implications on whether or not to go. And interesting things TF 23 H is standing on the EMA 200 line, which indicates that the price is an uptrend (Unofficial) Therefore, BTC should stand above 4250 for a period to be truly upward (original). Please follow the price. BTC, don't be too close because it will make many...
It seems to me that we are in a bearish descending pennant similar to what we experienced between 20-6K with it bouncing from 6K then retesting 12-13K and rinse and repeat. Nothing about these moves are anywhere bearish, But it does not mean that we can't and nice 15-50% rallies in between. This is the part of trading that separate the boys from the men. JUst when...
NOTE: These are just my opinions. My messages or chart analysis are NOT intended as a recommendation to buy or sell any cryptocurrency or asset. Do Your Own Research.
** NO POSITION , NO COMPENSATION **
Finally, we have been watching the ETH/BTC spread closely, and witness a price run up from .035 to just above .04 over the last few weeks. Fundamentally, we have expressed our view on this spread almost a month ago:
After this weekends price action, this could be a decent entry point start accumulating a position
Using price inversion and scale to find center and square for fib alignment. These explain what not only caught the falling knife but what may bring BTC back up. Think of it as climbing levels or steps.
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot...