Most important is to have a look at orange arrows and green circles to understand the situation.
the last time MACD crossed down, in the beginning of August, Shorts had a very big marge to go up, they started a push around 17500.
now it's not the same. MACD Crossing but they start from 32500. it give a small marge to go 40000.
what it means is when Shorts will...
Lower and lower volatility is what is required to move into sideways trend / plateau before next bull run.
If you look at most boom and bust cycles (previous BTC cycles / nasdaq) there usually is a high volume sell off at the bottom, when things are most dire.
I still believe that has not happened yet.
Every dead cat bounce from Jan 2018 has been a slower and...
]Hi guys.
Welcome to this update on the most accurate Bitcoin analysis on TradingView :)
This is a follow up on my previous idea regarding further BItcoin deterioration which will happen in the coming days, see previous idea at:
So far, Bitcoin has dropped nearly 10% from the previous idea's level, while altcoins deflated three times more during continual...
BTCUSD
After moving sideway we finally see the impulse move and can constant that downtrend to be continuing.
First of all need to test the support zone, very important target is 6100$, by many exchange we see this aim was reached. My next targets, after brokeout the support zone :
5900 - 5640 - 5155
Ascending triangles are bullish continuation patterns that form when the upper trend line is flat or horizontal while the lower trend line continues to rise diagonally. This indicates the up trend has stalled while the support line representing buyers continues to rise, thereby closing the distance between the lower and upper trend line . Eventually the lower...
This my update from my latest BTC update (you can get it here: ).
I wanted to do it in a higher time frame which is 4HR and before was 1HR. As the boxes is not relevant right now but the RSI level and 2 others indicators are looking pretty bullish sign at the very moment. Including the price action supporting so.
There will be a 40:30:30 for my...
If 6400 breaks look out below.
We impulsed down from our last high at 7400 and then created a bear flag type pattern. This is a consolidation recharging for another impulse down. This time things could finally get ugly. There have been many times that BTC gets near yearly support and everyone gets bearish, yet it never breaks. But never say never, and how...
Observations:
We have lower highs of late
We have not had a higher high, we are waiting for the daily green candle to pass the previous green hight of 6838
We have immediate resistances, horizontal resistance, wedge resistances and trending resistance
The pressure is downwards (selling) with the higher lows but the lower highs give the bulls a chance towards the...
