Since we closed above the 2019 highs, it is very unlikely that we fall back below that levels again, at least not in the immediate short term. It seems obvious that we move higher. But it would be equally unlikely that we wouldn't re-test those levels in the near future. The question is now, from where we might retrace. The RSI is still looking good and leaves...
Don't look just on BTCUSD. What do you think about a possible ascending triangle here?
Hello traders, here I would like to take a moment to explain why the markets do not move in straight lines. This is an observation and a theory, not a prediction. As we have seen a series of phenomenal fundamental bullish news this year alone, this does not mean that the market will go straight to $20,000. It can, but remember, the market is smarter than it was...
MartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the Crypto space. Bitcoin Bull Market is here right now Crypto Is Very Bullish right now and will move a lot higher If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading There is life changing opportunities soon ALT...
MartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the Crypto space. Bitcoin Bull Market is here right now If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading
📌 What have we got in play here? On the news flow Paypal does matter but it was expected and is done at the right time if you ask me. I mean the retrace here will be healthy, to trap the late buyers who are unaware thinking its non-stop-moon while also opening an attack on the previous breakout traders at $11,500. A positional play. Sellers can now work...
📌 Bitcoin - October 2020 Well done those still holding longs in what has been a rather slow but simple grind higher. Buyers could have developed quicker according to the flow models but we maintained flexibility. Next comes the wave 3 target at $12,364. And buyers are not particularly favourable to break through without a retrace. The correct course is to...
Here we dissect a very debatable and uncommon technical pattern: the Diamond Pattern. The Diamond Pattern is essentially what it means, a diamond shaped pattern that is seen visually within the price action. A diamond pattern is usually created within the charts when we see an extreme high and a quick sell off due to the uncertainty between both the bulls and...
Here we dissect the past, current, and potential future growth of Bitcoin. I am uploading this chart because there seems to be an influx of charts predicting that Bitcoin is going straight to $100,000 by EOY, which is viable, but absolutely low in probability. This chart is showing a possible realistic case for Bitcoin , every phase of the way divided by each...
Bitcoin has been showing some clear strength over the past few days. Many are clearly forgetting that we are trading below a major resistance level on the daily chart. Here we can see that although we did break above the larger 618 fib from our swing high to swing low, we are now approaching major resistance at the newly created immediate trend line support. It...
Hi all, I am back with new chart. I see some bad move coming in for bitcoin. I am not holding any bitcoin other than which I am holding for lifetime hold. Most of you know I am a lifetime bitcoin bull, however for mid and short term traders can expect some wick down from here or from price little above. Monthly chart is decisive for trends traders followed by...
First of all, congratulations to everyone may have bought the dip on our previous short term analysis on longing the market: Further continuing our analysis for the bigger picture, we may be about to face strong resistance, first followed by impulse intraday trading. The current catalyst may be due to Square having invested $50M into Bitcoin and now making...
Update on the previous idea - as we can see, situation has not changed a lot. Price did not manage to break resistance, but also - it did not go down from it. So options are the same: If price will break the level and go up - then you can enter long position (stop loss should be below 9390 level, target - around previous high at 10500). If the price will not...
Hello Traders! First of all, thank you so much for the support! Our community is growing ever so fast because of you guys! Here, I would like to dissect the bullish perspective. In my previous post, I did a complete rundown of a bearish scenario, but here, I would like to present a bullish case. Here is the previous analysis on my bearish case: ...
A picture a 1000 words. Comment below.
Hello Traders. With all of the unexpected events for this week, let alone year, we have to revisit some of the key analysis for our current price action. With all bias aside, and taking into probabilities in terms of market psychology, let's take the time to filter all of the noise from any external events and talk pure technicals. Technicals: 1. We are...
Here is a suggested theory just based on a single technical pattern that we love to play within the larger pictures for the small scalps / swings. Exposing yourself for the trade is a whole different topic, and how to properly execute it is a strategy that I can't really go into clear detail due to the deep diversity of these patterns; however, as we can see from...
BTC/EUR - has reached resistance zone (9390 price). As we can see this level was broken on 28th July. And price managed to reach 10500 price. After it went back below 9390 zone, it did not manage to break it again until now. Best scenario at the moment would be to wait and look what will happen: If price will break the level and go up - then you can enter long...