#BTCGBP #Bitcoin Head and Shoulder Pattern Short #BTC #BTCUSD Bitcoin has been respecting 61.8 fib retracement in past hence following my previous short prediction to a retracement to 61.8 fib level here: A head and shoulders pattern is also now in place which can help us in starting or adding to a short position.
Bitcoin is dancing with eliot waves. The matter is will we continue bullish eliot waves or bullish eliot waves after the latest eliot which is forming now.
#BitCoin Bubble #BTC #BTCUSD #BTCGBP
This is an evolution of the attached idea. Targets now clear. Dip buying opportunity for the short term rn IMO.
Strong price action indicates that the bitcoin will rise. I have two forecasts, the first one (dark blue) will follow past price movement and will rise gradually. The second one (turquoise), the price will rise, hit a moment of resistance before find momentum to rise again
Bitcoin is set to break its previous highs. I have listed 3 ways in which I predict the market will go in the next few days I would not be surprised if Bitcoin hits the £4,500 mark this week My analysis is based solely on price action and previous trends in the market
I went to cash yesterday as this pennant formed. It's not however a textbook bearish pennant and knowing my luck, having made the decision to go to cash, the price will probably swing to the upside.
#BTC #Bitcoin #BTCUSD #BTCGBP Short Idea (Double Top)
#BTC #BitCoin Potential Downside & Best Buy Zone After Sell Off
Price action shows a higher low ; conversely ALL 3 oscillators showing lower lows indicating a potentially hidden bullish div. Not SURE whether price actions will hit all time highs, comment below!!
Ive had the luxury of being away on vacation and having had time to think about this and concluded that this is hugely complex in its analysis. This analysis is with reference to my very long term trend analysis tagged. I will state that im not a coder or BC expert but have a thorough understanding of economics so please excuse any BC misunderstanding in the...
BITCOIN/GBP what happened? £51 on Friday.
Looks toppy.... near term seems exhausted with a daily double top and 3 drive pattern. Nevertheless watch out for one last highs for a stop run, way too obvious short at the moment.
See chart for BTCUSD. similar set up. RSI on 4hr chart suggest move down.