Kinda thinking we are heading to 35% B4 any real powerful move upwards.
Price is consolidating in a daily range since the past two months ,profit booking is clearly visible around 65000 last April Mid. BTC likely to continue in the same range 45k-60k for few more weeks and gradually starts to erase most of its gain in our opinion. Obviously range top and bottom are ideal for scalps, however, we do not recommend any serious long term...
Just when everyone thought the dark days are over for BTC, but doesn't look like it has reached a promising level yet. Going by the chart, Bitcoin has broken the upward moving trend line and it will now be moving in a descending triangle . It is crucial that it finds support at the 32K level. Going by the volume profile, it should potentially be able to hold...
Short-term update on Bitcoin's price action today following the immense volatility of the past few hours. The chart on the left is on the 1D time-frame, while the chart on the right is on the 1H time-frame. I am using both in order to more effectively illustrate the importance of the 1H MA50 (blue trend-line) on the 1D (daily) scale. During this 2 week...
Yesterday we rebounded from the key level of 42,000. Thus formed a full-fledged downward channel. As I said two days ago, I expect local growth. The nearest target is a return to the level of $50,000. It is also possible to go up to the level of 54000(not exactly). Write in the comments all your questions and instruments analysis of which you want to...
Bitcoin made history today, registering the first $10000 price move within a single trading session (day), as (until the moment I type this article) the price had made a drop from $43891.0 to $29563.0 (Bitfinex numbers). That is more than -30% drop on a single daily candle. What does this benchmark movement mean for BTC though? What better time to revisit and...
BTC made a new Low and the pattern that has emerged on the 1D time-frame is a Channel Down. The price is on Lower Highs and Lower Lows since April 14, effectively completing 1 full month of bearish activity. Whether that correction continues or the long-term bullish trend is resumed, that remains to be seen, but so far Bitcoin has completed a -35% correction from...
How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -30 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 30 pips then enter the buy and...
Hello folks, quick update regarding bitcoin. Price was moving under the channel and breakout happened, am waiting for a retest of a channel where i'll look for my long setup. If you looking to long here make sure you use proper stop-loss. Please do follow and like:)
Hi guys I think bitcoin will grow above 50,000
Hello buddies, how are you? Just a quick update regarding my previous bitcoin idea, the rising wedge broke down and the price falls almost 15%. Congratulation if you watched that closely and made a good profit. If you want the next update on bitcoin and any altcoin, do let me know in a comment :)
Bullish divergence confirmed on the daily , short term target would be most likely to the fib level at 52500. As you can see on the Daily RSi we still inside this triangle, been following the RSI on the daily now for more than one month still no brake to the upside. Fib time zones give me the date May 31st , could we finally brake this triangle on the RSI this...