Recently bitcoin has been fighting in a pretty tight range at the top of this run, however it looks like it may have broke to the downside with some confirmation.
35 Daily EMA has been broken, which has been supporting on the whole move up.
Double top pattern has been printed/broken.
RSI has fell below the 50 range, which generally steers towards...
I'm not sure if we'll see an 84% drop like last year, but it's so obvious that we need down correction.
If you take a look at the chart, it's formed the same pattern. I believe a major fall is pending.
After a parabolic move one should expect a pullback at some point. When researching BTC price history, I noticed a very familiar parabolic move that I normally see in high flying biotech stocks. I outlined a potential double top about a week prior to selloff “Hold on to your pants” and “Have you seen San Andreas” and have been enjoying massive gains from going...
As you can see there is one head and shoulders in 4h which comes to two TPs, Then we have one double top which can lead to $7500.
This is a personal analysis, do not forget to risk/reward.
When BTC goes down... the Haters and negativity comes out... losing money brings out the worst emotions in people! And controlling your emotions is the first part of becoming a GREAT trader, not just a GOOD trader.
I want to address the HATERS here on Trading View and calling out a LOT of the TOP TRADERS for being WRONG!!! You will go to many...
Welcome to the July Trend-Line
The June Trend-Line is now at the top of a mountain as you can see and so is the other previous Trend-Line from May...
July is at the foot of the Mountain just like June used to be...Like the May Trend-Line, June is now at the top of this mountain; look and you will see
We can now go up to 14,000 and as high as whatever the top...
Weekly last 3 candles are all looking bad. Especially the current one.
We have a double top on weekly RSI, plus hell of a divergence. (Such divergences are almost everywhere, including this daily graph)
11.280 was short term pivot, while 10.600 is midterm pivot that could trigger the main sell-off if we lose it.
Losing 10.600 could potentially open doors for...
In my last update.i say that btc work under pattern of H&S.now time to stop trading and catch below 9700$ or 9100$ 8600$.
short term BTC catch 9100$
in last i say btc again in down trend after touch the 13800$..
time for alt shopping...fill your bag with alt coin...
Thanks for likes and comments
The structure of the waves of price movement, as well as the latest reports of quantum calculations indicate an increase in the probability of a triangle forming in wave 4 (intermediate).
Locally high probability of the formation of the model "Wedge".
We recommend selling after the breakdown of local resistances and buying during the breakdown of local...
We are doing Analysis of BTCUSDT on 12 hours Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Text shown in the chart details my thoughts on current trend/ pattern analysis.
Bitcoin bounced sharply off long-term level of support. The symmetry within the #currency is beautiful.
Pattern suggest that the triangle filled with pink will be the range of support and resistance for now.
From a long term perspective, looking for break of this...
So everyone is waiting for this bigger correction to occur. IT CANNOT GO ON LIKE THIS! IT MUST FINALLY CORRECT BY AT LEAST 30% !!! And we wait, and wait, and BTC just keeps ignoring all TA, ignoring all indicators, and keeps climbing and climbing.
Every now and then it does smaller corrections, just enough to let the stoch RSI cool down enough, to get away from...
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At the moment, the correction for wave A (Minute) has begun.
At the end of the wave B (Minute) it is worth considering purchases with a goal at the level of 12700.
The proposed downward correction model is a zigzag.