Let us go through the facts to understand why I am NOT convinced that the Bitcoin rally is over.
From the chart, we can see that the daily EMA 15 (purple) and EMA 40 (yellow) support levels have both played a crucial role in this year's Bitcoin rally. In the past 5 months, Bitcoin has dropped down to the yellow support
multiple times prior to a bullish...
Observations:
> BTC sticking solidly to fib levels on the most part
> What looks like indecisiveness in price movements is a means for establishing lower highs and higher lows
> Weekly chart:
The formation of a bearish divergence.
Also as we get closer to the 0.618 fib level, we observe smaller candles, almost to a point of reversal.
Macd indicating close to...
Hello to all watching my charts.
Bitcoin as all other cryptos are at the moment on a down turn
but Bictoin seems to be the strongest currency of all crytos.
BTCUSD just tries to start the next higher high ,
and if taz fullfills , if it jumps above the second blue line aerea at
11807
first sign of a long chanc eis there .
And much betterr for long...
Keeping is short:
#BTC has been following a parabolic line (support) since the April breakout, which is acting like support,
One can also observe 3 major accumulation phases that have a wide range of volatility.
These patterns always turn out to be some sort of bullish pattern. However the one that's forming seems to be potentially a larger reversal pattern, a...
We can open SELL after pullback to sell zone near resistance Key Level 12451.09.
Also us you see the price went out from upward channel, so we have a big chance to bounce from Key Level.
Potential profit will be in 3...5 times bigger then risk.
Although there have been large dumps of almost 9%, we can still see an upward trend. although not as extreme of the most recent blow off top, I'm optimistic about its long term stability.
Although there have been large dumps of almost 9%, we can still see an upward trend. although not as extreme of the most recent blow off top, I'm optimistic about its long term stability.
The Bitcoin markets are once again revitalized as price moved past a crucial resistance level near $12200. That said, we should not get too excited yet because today's candle still needs to close above $12200 before further upside can be expected.
We are likely to see some sideways action within the "new consolidation range" between $12200 - $13000 over the...
BTC just broke out of its recent tightening pattern to the upside, moving through to the next support level of 12.4K. If it stays within this range we should see a gradual parabolic movement to the upside. Although it is still potentially due for a correction.
IS IT A LONG-TERM UPTREND OR DOWNTREND - HAS THE TREND REVERSED
The Bitcoin USD 2017 Long-Term Downtrend/Trend-Line is, 'The Only downward Moving Long-term Trend-Line Possible'...
Downtrend Channels lead to Stronger more Dominant Long-term Trend-Lines that are more Condensed and Downtrend Channels are caused by Condensing and Consolidating Liquidity...
BTC USD...
if it breaks 10500, then it looks like we're in for a very bearish market. but if it breaks 11500 then 12400, we are in for a possible parabolic movement. my assump]tion would be a move from 11400 to around 11900 then potentially new resistance lines will be formed in that range before another movement
As I have mentioned in my previous Idea, this is the definition of a "bull trap". The volume is decresing and the price is going up (bearish).
The MACD is looking bearish also. I think we shall see btc falling in the 10k-9k area soon.
What do you guys think?
Bitcoin is firmly in the Downward Trend-Line Channel with top and bottom double Confirmation on the Ceiling and Floor just as I predicted yesterday...
BTC USD Probability Trend-Lines (Bitcoin USD 2019 Trend-Line Probability Map) which is the primary underlying reason for the Current Market Trend
Broken Arrow Head followed by broken shaft w/ Arrowhead Down, to...
BTC USD Probability Trend-Lines (Bitcoin USD 2019 Trend-Line Probability Map) which is the primary underlying reason for the Current Market Trend
Broken Arrow Head followed by broken shaft w/ Arrowhead Down, to include Upright Vertical Arrows w/ Parallel Bottoms to the Previous Trendline (Currently Downtrending forming Stacked Arrowheads)
Probable Long-term...
Broken Arrow Head followed by broken shaft w/ Arrowhead Down, to include Upright Vertical Arrows w/ Parallel Bottoms to the Previous Trendline (Currently Downtrending forming Stacked Arrowheads)
Probable Long-term Upward Trend-Line Change Between July 7th and July 10th currently moving up from $9,659.019, as detailed at the bottom of the chart...
We are Trending...
#VolatilityWatch
Text shown in the chart details my thoughts on current trend/ pattern analysis.
Bitcoin bounced sharply off long-term level of support. The symmetry within the #currency is beautiful.
Pattern suggest that the triangle filled with pink will be the range of support and resistance for now.
From a long term perspective, looking for break of...
