Hello, In my previous analysis, I was looking for a potential retest from falling wedge's breakout or a breakout through the ~$43k zone. Considering the buying interest lately, there are more chances to have just a short pullback and to break the $43k resistance even faster than we expected, and only then to reconsider the confirmation of the breakout at around...
I'm quite new to crypto and TA analysis as a general.. my ideas have played out quite well so far but I guess it's always easy on a bull run. This afternoon I noticed the RSI indicator has crossed the 70% dotted line. Almost every single time this has happened on a daily chart BTC has dropped the following day. As to where it could drop, if we close above 74 im...
Price action of BTCUSD over the weekend was mostly sideways expect for shortlived spike on a Sunday. Breakout above resistance (that lies slightly below 49 000 USD) occured within less than ten minutes and resulted in high of 49 225.55 USD. Then price retraced back to its previous level. We are currently neutral on BTCUSD while we see interesting setup forming. We...
BTC has enjoyed a two day run since surpassing the 41.6€ resistance. Yesterday BTC tested for the first time the 44.4€ mark being unable to close above it. The way I see it, we've bounced back and were we to test it again and succesfully break it, there would be another clear road until the 47 mark.
Analysis BTC with d'Elliot wawes : wawe 3 > wawe 1 Retracement wawe 2 < 100%, (<0,236 fibo because high momentum) Retracement wawe 4 < 0,618% (0,382), test 0,618. Détermination of top : Extension Fibonacci wawe 3 : 1,618 de Fibo (target hit). Extension Fibonacci wawe 5 : 100 % = 92 k = next target
Overnight BTCUSD jumped 10% up leaving many investors perplexed. We noted in our previous idea that we changed our stance to neutral. We think if price fails to break above resistance near 49 000 USD then downtrend will resume. In our opinion this area is very attractive for short re-entry if one took profits on a way down. But we think such position should be...
27 Sept I flagged the possible OBV breakout of bitcoin from the current distribution channel and phase, into another phase of accumulation. In that post I sign posted similarities with the previous break in July. For those fearing the legitimacy of this breakout (short squeeze etc) I just want to point to the 3hrs on July 26, as breakout of distribution was...
This will drop and drop harder than ever before. Goldman, China, India, US all want lower entry. Then 6 Million by 2040. Governments don't like that the Whales are plebs...
News about China declares all crypto transaction as illegal game out on Friday after Asia markets were closed. These could result to Monday sell off like COVID lock down crush 70% in March 2020. Except cryptomarket recovers to 45k Bitcoin till Monday
We see AB=CD pattern at weekly chart with Decreasing volume. We find support at 0.618 fibonacci level to find C. The bearish AB = CD is a Fibonacci based pattern, meaning Fibonacci ratios determine the turning points. Formula: D = (B – C)/ Ratio + C=(64895-28600)/0.618+28600=87300$ How often does price reach or exceed D? 95% of the time.One of the best performing...
We may be in for another drop as price hits the 100MA (left) But this drop will likely only to be to the large parabola that has formed on a higher timeframe Optimal buy point is along that line
we are slowing very similar to the Jan-April curves. Now the question is.... Will the fractals repeat? Whatever... Stay safe with stoplosses....
Bitcoin is getting ready for another move up. a small resistance ahead but nothing too fancy for this momentum
After Break out in February 2020 when also a golden cros of ma 50 and ma 200 happend, there were black swan corona lockdown. If there will be no crushes on world market in next two months we are going to stay in crab market between 45-49k. This could be an accumulation leading to end year rally to next level 80k-100k
Similarities can be seen in prior pumps above the 200MA It seems to have found a support zone above the MA line This support will likely push bitcoin up to its final leg of the bullrun
Hey guys, Bitcoin has been rising in the last weeks. For now it is a lower high on the big timeframes. If we put this in a pattern, we see that we are at the lower end of the pattern and if we break the trendline i put in the chart, we could see the 30.000$ price again. Just saying. It is like always. Safe your profit. Don't gamble. I will bring daily updates...
Bitcoin is in a historic uptrend channel. In this move, it is first predicted that during two or three months, a slow movement can regain its dominance and then, with a minimum of 60%, it can experience great growth. According to this forecast, Bitcoin can reach a target of between 150 and 180 thousand dollars. After this target, we will enter the era of global...
Bitcoin is about to enter a crucial zone just above a major curved trend If this trend were to break it would be a big blow for bitcoin, so I think it will hodl Leaving the final run for BTC up to 100k + Bars pattern (in white) is highly speculative, but I hope for movement like that A chart showing the curve more clearly