After those "spoofing buy and sell walls by end of major holders in front of us is Bitcoin main resistance level (8000$), which is crucial and that will most likely be trend reversal point.
All the levels were eaten so to speak so far (despite we uptrend from 3156 to 8300 at peak on Binance) which is actually 263% without single " serious correction" now its the...
Believe it or not, it's that EASY!! If we manage to close above 7050$ threshold, then definitely we are in a long-term bull trend. After confirmation on (1-June), I will start longing with many Bitmex accounts for BTC.
Imagine this scenario with me please, if btc closes above that moving average line especially at the monthly time frame, it means that price will...
Everyone is asking these days what is happening to Bitcoin? Does he return to the peak level he was in 20,000 etc...
I will focus on the technical analysis of Bitcoin.
Currently in the daily graph according to the Ichimoku indicator, we are on the rise with great potential that will continue this way.
On the weekly chart so far we have always been in a downward...
Hi,
I confess not to be an experienced TA (technical analysis) as stated under my profile, but a keen student with limited experience and success\failure.
So I thought, why not treat my journey of trading and learning, a documented project and after a year or so, my progress is documented with both my success and failures and most importantly my learning...
Firstly, i have posted a chart, check out our related ideas, where i showed BTC is going up to 5800 in the short-term and we have reached our target. Now, i'm giving my long-term view on it.
We are repeating the same pattern just like the 2014-2015 BTC crash.
MACD and RSI is starting to move up again which is a bullish confirmation. BTC is also trading above...
As given idea in my first ever my published chart in tradingview (was not best looking chart or professional) but with the best possible prediction and same happened as told. Now it is risky to hold BTC as per me i believe by looking risk return management and also the scenario which has more probability to happen or next move most probably going to happen is...
MAJOR CORRECTION AHEAD.
It might run up for a shadow candle at 5700-6000 LEVEL.
But that's it major supply at 6k$ so basically that's where the game is over.
But currently all WEEKLY indicators are forced out of their maximum values which indicates me that a very MAJOR correction is coming. Larger then 30%
So those neysayers that said we won't see 3000$ area...
hi guys. its mecard again.
btc movement has turned slow, after the big drop. many are saying differently in different messages..
but i have to say that this up cycle movement is almost to its end. that means this can still go for some time, but the
level of upside movement is very limited.
as you see in the daily chart, btc, is finally being resisted by...
hi guys its turning mecard.
i warned btc fall can come in few weeks, in last weeks idea. it...could come from now.
a mean, not like a vertical drop, but could be a sign.
as you see in the daily chart, bearish engulfing candle, sharp drop to channel bottom. the d1 candle yesterday can be interpreted as bearish shooting star, so everything was in process....
BTC climbed to 5500 last week and fell because it came to our big time frame supply level, marked between 5280-5665.
Market participants always work the same way, buying after a rally or selling after a huge drop. What we should do is actually the opposite, selling when the price is high and buying when its low, hence the famous phrase "Buy Low Sell High"....
So, here is how I see a potential fall of BTC dominance.
Right now it would make perfect sense - before BTC halving (which is next year) it would be perfect time for ALTS to shine.
