BTCUSD went a little bit higher than previous 52k target mentioned, to hunt liquidity from sellers and grab from buyers, as some bought the top thinking it was a breakout.
This fast drop, was to make sure a lot of buyers got stuck in prices arround 48-49-50-52k, so this price BTCUSD wont visit it back as they would breakeven their positions, so this will...
It has been a while since I have posted an idea here but that is with good reason as i did not make any sense to post anything until the EW 4 correction is complete. Also, I tend to analyse the macros trends, therefore once we have confirmations of moves being complete, it would make sense to update ideas and post new ones. With all that said, here is...
I have presented a gorgeous idea here on BTCUSD utilising money distribution concepts.
Once we have crossed the minor resistance and purged liquidity, I expect minor retracements to the downside.
I only want to fade a small amount on this move as the general trend is bullish for now.
What do you guys think?
Good formation of higher high and higher low indicates good upside
On rsi the momentum is slowing down and going against the price line
If we get wick rejection from previous high
Upside depletion sentiment than price can crack down and make another structure
It can be down or side ways
Will update further
51000BUSD price make the market a brief correction. Now it seems Bullish run is more stronger than Bears`. BTC may have an ascending trend on 50000BUSD as a pull back on heavy resistant and making powerful energy to breaking out 51000BUSD
If it is useful Please LIKE and FOLLOW. Just a personal opinion.
Lets break this out:
1. Ascending Bullish Triangle. Suggesting that in every dump there are less and less sellers, supply is getting scarce. People are buying the dips at a higher price. Sellers are selling at a fixed price at the top. 50k is simply a very marked psychological...
On average, every four years (after 210,000 blocks in the China blockchain), the production of new bitcoins abruptly halves, or more precisely, the reward given to miners for adding a block to the China block is halved. Hawing has been placed in the network code by Satoshi Nakamoto, the anonymous creator of Bitcoin, with the aim of controlling bitcoin...
How does Bitcoin work? Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. ... You can sell things and let people pay you with Bitcoins .
BTC future price "wal3ilm li ellah"
BTCUSD looks very bearish on weekly chart , we made a nice correction after the lows near 30000 usd, but pay attention to the rising wedge on the weekly chart which is about to be broken, this is a typical very bearish pattern, which price action drop hard after it
We are looking for the final wave at target 20000 usd
TP near 20000
Good luck :)