Bitcoin experienced a sharp sell-off yesterday fueled of course by Elon Musk's fuel consumption tweet. BTC has been here before Musk and will be here long after Musk. Such events have acted throughout its history merely as catalysts not to change a strong trend (such as the strong Bull Cycle we are in) but just normalize it within tolerance levels when it starts...
BTC Dominance continues dropping. Soon we'll see a lot of examples when coins will pump every day. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it...
Hello buddies, hope you all are doing well. Let's talk about Bitcoin price analysis, I'll try to keep this update as short as possible as easy to understand so let's dive into it. As you can spot a rising wedge pattern in a chart, the price keeps moving in it. We can take this as a neutral pattern because sometimes it's been a bullish pattern and sometimes...
As u can see on a chart, every low is higher and higher. And it's a good moment for everyone who waits for a new ATH from the coin. But it doesn't mean that we'll do that. I think that a good entry point will be after squeezing to key level, breakout, and retest. But I would rather the price continued its movement in the local range in order for the altcoins can...
Despite the fact that the price is in an upward wedge, I don't see why we should break through the strong resistance level of $60,000. There are no volumes right now. I think it is more likely that there will be a drop. Technically, that's what it looks like. But anything is possible. Write in the comments all your questions and instruments analysis of which you...
Breaking out of falling wedge pattern and also stuck under strong resistance from the daily Super Trend sell print. Hard to say TBH, The Stochastic RSI on the daily is screaming sell and buy the daily TF dip. But the LTF's keep building Higher lows and grinding higher. I think if BTC doesn't nuke here that the daily stochastic RSI can stay overbought for many...
Quick update on the 1D time-frame. This is an important finding that shows Bitcoin repeating a process which last time we saw it (September 2020) it paved the way for the late 2020/ early 2021 Parabolic Rise. As you see BTC has been recently consolidating roughly within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). At the same time the RSI is...
Bitcoin has a chance to form a good breakout pattern. I don't think about trading BTC right now. But if the price starts squeezing near to the resistance line, it will be a great reason to think about the breakout and open a long position. Now I keep waiting. Write in the comments all your questions and instruments analysis of which you want to see. Friends,...
I anticipated the King's route a few days ago, and that's exactly what happened. I did not add any lines, any indicators on the current chart. As we predicted, BTC consolidated for a few days, today, as it can be seen, it will leave the consolidation range, starting in the pursuit of Doge, angry as if on the increase of the last one. Long BTC! If you like my...
Two possible entry points for the move up to 75k Entry 1 - A retest of the top of the triangle at 56k (Green) Entry 2 - A test of the bottom of the triangle at 51.5k (Red) Date - May 31st
Hello folks, hope you all are doing well. Quick and short update for you if you are getting confused at the current price movement. While writing this price is trading at 54290$, this area is a demand zone with some good support. All tho we can see the price hitting the 52k mark to 'low retest'. If we get there then bounce is highly likely from that area ( also...
Just a little something that came to me while examining BTC's March and April's sequences. I will be brief. ** The Channel Up patterns ** As you see two Channel Up patterns stand out. Common characteristics on both are (primarily) the behavior of their median (middle dotted trend-line), which first acted as Support and then as Resistance and the MA50/ MA100...
this is my idea for BTC in this situation , there is a dangerous area between 60K and 61K , so it's better to exit your position and wait for next move of Bitcoin , if break the 61K you can re enter your position on pullback and the targets are 68K and 74K good luck
Will we grow yet? No one knows the answer to this question. Anyone who says they know is lying. In this post, I want to give you an example of "Bullish engulfing" which formed weekly bitcoin candles. This model symbolizes the upward mood of the market. A lot of times I used it for understanding that the price will grow. Let's see what will be in this case. Write...
Last week (April 27) I published the following trading plan: The idea was simple. As long as Bitcoin found Resistance on the Lower Highs trend-line (of the 65k High), it would pull back continuously to the 4H MA50 (blue trend-line), similar to the late March test of the (at that time) Lower Highs trend-line. The last barrier to break before the bullish...
Hello traders, tough time for some of you because some of you will be in a position that can be at a loss currently but some of you are enjoying this dump and filling a bag with bitcoin and other alts. Here is the update regarding bitcoin price current movement. - as we had almost 27% dump from the high and currently price is consolidating in the 50k zone....
BTC is on the 2nd straight red week (1W), which even though it is not something uncommon neither for the current Bull Cycle (had such streak both in March and January) nor the previous (2016/ 2017). Nonetheless, this weekly weakness is scaring off most traders as panic selling does usually when it kicks in. However I have a new RSI/ MA analysis (on multiple...