It looks like BTC is breaking out of the bullish flag that started in January. RSI and MACD are both looking good, however the volume pattern isn't convincing. I'll wait for confirmation tomorrow. Thoughts?
500 millions went into btc 1 hour ago, alt pumps gonna put more money in btc.
Possible BTC Cup and Handle Just the continuation of my BTC analyses back in January2020, on the way to 41k/50k USD.
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Buying bitcoin below $30000 seems is good investment as of it will be the lowest price to which bitcoin can fall in next two years when real bull market will start.
looking at two phases " bull and bear" Bear is when downward movement is favored while bull is where upward movement is favored I have tried to plot some key time events and frames COVID seemingly led BTC out of its bear run and straight into bull mode choreographed by an underlying parabolic trend Bitcoin is showing signs of longevity in a constantly adapting...
Although BTC is still inside the descending channel/bullish flag on the daily chart, it is now testing the November and December support trend lines. There is some divergence in smaller timeframes, though, so we may see some upside soon. It will be interesting to see what the next couple of days have for us.
📌 ridethepig | Bitcoin for FED A superb live example of sellers attacking far out on the flank! These are unusual markets to say the least, rarely has the fundamental/macro picture fitted the bill. Now the correct way to proceed is to hammer at the minor support once breached and aiming for a sweep of Jan 4th lows which are now hanging. It is now...
History doesn't repeat often, but it can certainly rhyme!
It looks like BTC is forming a bull flag on the daily chart, since hitting ATH on Jan 8th. There's a trend line acting as support since December 21st, and we're getting close to the confluence point between that trend line and the bull flag's support. I'll keep watching for now, and plan to add more if we get a breakout above the bull flag's resistance.
I am left rather confused about this pair in regards to direction. I would like to think the massive sell-off stopped out the majority of support buying but there is always a possibility that price may come down again to tackle the previous low marked. I am more bearish bias than long but I have marked out both targets for those who are interested.
We are still in a uptrend. Since March20. Possible route to 41EUR/50kUSD.
📌 ridethepig | Homerun for BTC Here the choice is between another sweep and marking a bottom. The first results in a discovered temporary pullback which allows early buyers to start getting excited... but the second moves involves a slingshot, automatically through the pivot. A quick review of the initial charts we have been tracking ↳ This was the...
BTC BITCOIN NEW Trendline - 4H CHART BTCUSDC BTCUSDT BTCUSD
I think there is a good chance that we will get a lower low before the correction is finished.
COINBASE:BTCEUR If this happen to be the start of a deeper correction, we can expect that, after btc bounces off, alt season begins. If all this happens btc will very likely reach to the top of a retracement level which takes us to between 55000€ ($66800) and 61000€ ($74000). That is how it has happened in Oct. 2017, when, after btc finishes it's retest,...