While bitcoin is still flowing in huge uptrend channel - close to 59k level - minor dashed uptrend line is definitely broken.
Actual RSI bearish divergence may indicate (with similarities to previous macro tops) a shortterm change of trend direction to the bottom border of channel (back to 50k...
Para sobrevivir en el mercado mas difícil y disfrutar de la vida
Recomendaciones
1.- Gestión de capital 1-2 % capital por operación
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Nos encontramos en un punto ideal para operar BTC que caiga y así poder comprar en las mejores zonas muy por debajo del precio actual, por lo que esperamos que esta...
BTC needs to breakout from this rising wedge or the things could go ugly for BTC here if this wedge is validated then we are seeing 40k to 42k one more time. NFA. DYOR
Pretty sure you enjoyed this chart:
Now lets identity the top forming for wave 3.
The most likely contender will be between 58,5k-618k area which also happens to carry the 161.8 at 60.7k.
HOWEVER, our current top of 57.7k is also a 2.618 (not shown on chart) and is a serious...
As you can see on the chart, Bitcoin has finally finished its "Wick Off Check" phase. The previous resistance turned into a support, and Bitcoin may be in an ascending channel now. If you analyze past bull runs, you can notice that Bitcoin always reach the 2.272 Fibonnaci Levels before entering the Bear Market.
So if history repeats itself, Bitcoin should reach...
Hi traders
Bitcoin has pumped last days and shown power but does it mean that we should buy ?
I SAY NO
FOMO is extremely dangerous
I think 56400 $ is a very important price for us .
it's 71.8 % fib an also we have a trend resistance as you can see
also we have sort of historical R/S
Ichimoku time theory also says that 8/9 oct might be a day of change
and what...
Bitcoin price regains momentum as bulls launch fresh bid for the all-time highs.
More than 94 million people from developing countries would be ready to shun national currencies for cryptocurrency.
The cryptocurrency market is back in the green after a couple of retracement days, mainly for most altcoins. On the other hand, Bitcoin displays a bullish case,...
BITSTAMP:BTCUSD
I have studied 10 years history data of Bitcoin. And I have done the Linear Regression with a fundamental factor. The prediction accuracy of Bitcoin price is 88%. 10 years cumulative return 56k times. If you invested in this strategy for 10k$, you will get 560 million US dollars in 2021. The max drawdown is 62%.
The blue line is alert indicator,...
it can go to lower level by breaking the neckline of head and shoulders pattern and if it will support by the red dynamic line it can goes higher again or if not, it can breaking it very strong toward the 50K
In my previous post, I didn't explain well, that why Bitcoin will dump in the next 10 days, particularly between 12th Oct to 14th Oct.
Bitcoin likes to follow the same patterns. Here, on 3D Chart, Bitcoin is not able to cross Super Tunnel Upper Channel (If it closes above the Super Tunnel, then I think Bitcoin will see the next bull run this December itself but...
Looking at the 1hr chart for BTC /Binance, we can see that our Whales Buy-Sell indicator and Volume Extractor indicator called the top perfectly with 3 red diamonds and a Sell signal! We can see that Bitcoin couldn't hold above our support at $56,440 and went to retest the Daily diagonal support of $56,100. Unfortunately it fell through that diagonal support down...
Looks like a #short story for #BTC today likely to test the 51.5k support level. Short correction or drop in #dominance ready for #Alts to fly #Bitcoin $BTC
As you can see in the chart, we are now near the most sensitive price range where we can see dump or pump bits.
Personally, my opinion is that the price correction starts from 58,400 to 59,100 and continues up to 48,800, and from there, according to the line I drew, it goes for $ 70,000, which is equal to the ascending channel ceiling and the psychological number...
I propose an alternative scenario. This rally only brings the benchmark closer and adds 4,000 pips to the short trade. The whales were unloading long volumes against the crowd all this time. The forces are running out and a new rally awaits us, but already down.
BTC - I am seeing this possiblity unfolding , we are coming out of a bearish ABC up which is most likely W1 of the larger trend to start W2 which should restest key support levels at $44-$45k respectfully. That will lead us into W3 heading towards $58-$63k and the W4 & W5 can be determined once the W3 is finshed
