Bitcoin has just broken the first important resistance on the 4H chart, before opening a Long position it would be wise to wait for the closure of this candle above the resistance, which also corresponds to the daily closure.
The next resistance is around 51k, it is also the most important resistance on the daily chart , so it would be wise to close the Long...
On 30min chart, since June 11 Friday evening, the whole weekend was in bear range though on Friday, 180min chart had a good sign of entering bull market, then back to bear range again over the weekend.
Now we can see the whole weekend trading was a bear trap. However, during the mean time, nobody can promise this is a trap. What traders can do is to follow the...
Hey everyone ,
As we can see in chart , BTC short positions are same level with march 2020. I am expecting all the short levels will close and BTC shorts will re bounce from top. We all know what happened after 2020 march. We can see same scene. Whales have plans. Waiting this short levels to get this high might be a one plan. We all watch :) Hope bears leave...
Bitcoin has just broken the first important resistance on the 4H chart, before opening a Long position it would be wise to wait for the closure of this candle above the resistance, which also corresponds to the daily closure.
The next resistance is around 51k, it is also the most important resistance on the daily chart, so it would be wise to close the Long between 48-51k.
Bitcoin beautifully closed the weekly candle at level 39k. Which is very positive for further growth.
Now it is important to watch the daily close above 40k and then there is more resistance at the level of 42k 45k and 48k.
Supports - 35k, 31k.
Short term downtrending line in 1D-time tram (thick yellow line) has been broken and BTC has been stabilized here too. Now BTC is struggling with the bottom line of mid-term up trending line (thin white line).
we may heve a pull back on 38500 (level of fib) and then we can start for upper targets
This is continuation from the previous analysis - Bullish on a roll!
With good intentions - our Targets remains 41k, 46k and 55k initially.
#Added Longs at 34500 as indicated in one of our comments here on Tradingview for the perfect buy-the-dip scenario.
Updates to follow.
Hello, and thanks for reading!
This is how I think this cycle will play out. I think that we will see a cycle top at around 200.000 USD - 400.000 USD. I also think there is a big possibility of a super-cycle, where we have a short bear market and then a continuation of the bullmarket.
This idea is based on cycle tops and 0.168 FIB-level. A way of predicting...
Bitcoin is breaking it's downward parallel channel.
This will require a strong follow through but so far it is looking very bullish.
Wait until the 4 hour candle is finished to confirm breakout.
*Disclaimer: This is not financial advice just my amateur observations.
What do you guys think, as I'm writing this the price is surging? Incredibly exciting!
For the bull market to continue Bitcoin needs to retrace to around $26,500, once it hits the golden pocket we can see upwards move. We might go sideways for few more weeks before a move is made.
BLX analysis
Avoided Deathcrosses in green circles
Deathcrosses in red circles
The current state will likely act as an avoided DC
Feels like I am missing something, that I can't see..
Yet this is what I have come up with
Chart above is more reliable and should be taken into...
As mentioned in our previous analysis Bitcoin bounced off 34K zone as it is moving in corrective pattern.
Bitcoin has already touched Point A, B & C of ABCDE pattern.
Point E ends at 33863 which is also 0.618 on fibonacci level. Potentially this should be bouncing zone for Bitcoin.
Hopefully Bitcoin should touch point E in a day or two.
If you like my...
Bitcoin price has lifted off the week’s primary support at $31,000, allowing more buyers to come from the sidelines supporting the upswing eyeing $40,000. The move saw Bitcoin gain 13% in 24 hours while collectively bolstering the entire cryptocurrency market uphill.
Polkadot is among the most improved crypto assets, with its 15% double-digit gains. Kusama is up...
Hello Traders. Here I would like to revisit the "big" drop we encountered after we witnessed near ATH levels. Now that we have some more data to play with, what kind of information can we pull from these levels? We have to understand this from two perspectives:
1. Market Psychology Analysis
2. Technical Analysis (Realistic)
Market Psychology:
We are now...
The price of Bitcoin has formed a flag continuation pattern on the daily time frame.
This pattern is ready to move to the downside as the 20 EMA was tested, meaning it has performed the oversold bounce successfully.
Alternatively, the price could be printing a descending triangle pattern with the same bias to break to the downside.
A break below $30000 will...
