Bitcoin Now trading Above $8400. Overview: Yesterday I told You if Daily Candle Close above $8300 then we can see some Spike. So Now Bitcoin Went upto $8490. What Chart Says..? Now We can say that 8 hours Time Frame $8498 Is Resistance of 200MA. If daily Candle Close above $8500 then I am Bullish till $8900. But if Candle close Bellow $8400 then I can expect...
Bitcoin ( BTC ) has a key support area at 8215. This Fib is started all the way from ATH's down to when we reached 3k. If you are short on a swing trade, you don't have anything to worry about. If you are scalping, I would recommend selling your stack here, to prevent losing any off of a potential bounce. Just to add on to reassure bears though, we have dipped...
What do you see in this model Does he retest the resistance Or drop to support?
Bitcoin against the US dollar He tries to break the 8309 resistance line but did not break it Therefore, Bitcoin will drop to the price of $ 5477.
See another confirmation of actual long-term bearish trend, both two last waves have its peak at 61.8% Fibonacci retracement levels. What do you think? Note - price is in EUR.
We of course have really good support at 8500. That will be a tough one to break, but not to worry. After having consolidated for such a long time, the dump will be EPIC!
The healthy retrace in Crypto markets clearly over. Crypto buyers leaping forward, this time rather than with that distinctive youthful arrogance and energetic flow we have a far more gentle and modest approach. To avoid any room for misunderstanding, we absolutely must dig deeper into the importance of flanking . In this position, note how sellers would be...
The path of bitcoin is almost to clean to be accurate. From the $3.3k it moved up in 5 waves and then retraced to just beyond 61.8%. Now it has broken out of the retracement channel and it seems to have started with it’s next momentum wave which will be even wilder than the move from $3.3k to $14k. My first target for this move is around $23k (1.618 multiple of...
While looking at your weekly chart, we can find a pattern to work with. Our YELLOW zone is what i like to just call the "Bull Market Zone". While in the bull market zone we can easily see that RSI is constantly oversold and stay right above the fifty-eight (58) on the RSI. Next, we come to find our "Sell-Off Zone" which is the PURPLE area. This typically falls...
The channel displayed above is one of the most pre-historic channels in Bitcoin's history. It's first intersection was back in Nov, of 2011 with a second touch in Aug, 2015 which conceived the channel. IF someone would have used this channel back in the 2017 rally, they would have been able to successfully call the top of 20k. For almost a decade now, this...
Just recording my thoughts on btc with P&F Counts. Usually use 3 Box Reversal, been watching 2 Box for a while, would like to see how this plays out.
A quick update here to dissect the possible motives behind the exchange and cast some light over the possible technical targets in the sequence. In order to dig deeper into the pursuit of position exchange, we shall in what follows highlight the occupation of zones for strategical importance and the apparent desire to exchange sides will fall into our lap like a...
BTC once again in the headlights with CME options launching 🚦. Has the Santa rally got more room to run, or is real money already comfortably positioned and happy to stand aside? The recent rally flushed a lot of late sellers out and I would be surprised to see the illiquid move lower seen in 2019 completely reinstated. Internal data here shows that clients have...
Please share your opinion in the comments box and do not forget to press the like button Note that the price started to form lower tops down and this is negative -Fail to break the main trend
Hello dear ! Today we will try to guide you to the next price movement We notice that the price has risen well as we expected in the previous analysis, you can see that below . The price has now reached a strong resistance which is the general trend line . We expect some fluctuation in these areas then we can clearly define the trend. We will inform you of...
It is important now for us to take a retrospective view here on the lows that we have been discussing. After the early stages in the swing, as you shall soon see, my dear reader, it is frequently very difficult to chase breakouts as they force into action. In our sense, you can see our opponents (bears in this case) are fleeing, so we should inflict double the...
BTC finally broke out of the descending triangle it was stuck in for the last 6 months. The recent price movement also broke the 200 EMA which is a good sign that we might have finally hit the bottom on 18. December at € 5.8k. Still that doesn't mean that we are in a bull market yet. The incoming retrace will confirm or disprove a bull market. If we can find...