Bitcoin has created a Channel Up formation on the 4H chart and is currently neutral, supported on the Higher Low it made at 5670 but at the same time limited below the 6940 Resistance made by the Higher High on March 20th. ** The March 01 - 07 fractal ** So far it has successfully passed the hurdle of the MA50 where as I said above it made the Higher Low of...
Not even 1 week passed since my article on the 1W MA300 and why that bounce (and the candle's wick) could be key for Bitcoin's future. The Buy Zone which on the 1W chart consisted of the MA200 and MA300, on the 1D chart is made of the MA1000 (red trend line) and the MA1400 (black trend line). I have mentioned that on previous studies but it has now become more...
I will keep the analysis short this time as the fractal is pretty obvious. I am comparing last week's aggressive sell-off with the one in November/ December 2018. *2018* - The sell-off started exactly in mid-November while the price was trading below the 1D MA50. - Stage 1 was the first bearish leg that took a short pause with a consolidation (first circle on...
Price remain inside rectangle, but be careful there is divergence!. Right now price is slowly following down. From the bottom TL3 securely protecting us from following down price and TL2 is protecting us from rising Price. If in any situation price will break any of the trend line we can open position. Level 5455.2 prevent price from rising (resistance level)...
Good day to all crypto fans! Cryptocurrency scam? First, let's do a SWOT analysis of the entire cryptocurrency market: Strengths - S: The fiat system is out of date. Economic development without systematic crises in the current environment is impossible. The outdated banking system in the world requiring change. The transition from an industrial economy to a...
With this title you might be wondering what Bitcoin has to do with the Standard & Poor's 500 (S&P500) stock index. You think that Bitcoin and stocks are not correlated? Think again as there is a correlation and indeed a very scary one. Basically I should rephrase the title to "The WEEK it became fully correlated" as I am looking at this week's sell-off that took...
ENTRY: 7700 TP: 7500 TP2: 7250 TP3: 7000 SL: 8050 Chart time frame - 1D Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
BTC/USD LONG ENTRY 1 $7,148 & ENTRY 2 $6,994 SL $6,713 TP.1 $8,268 & TP.2 $8,768 TP.3 $9,086 & TP.4 $9,468 BTC/USD moved higher to the 8158.25 area during yesterday’s North American session, a shallow retracement that was well below the 38.2% retracement of the depreciation from 9214.67 to 7630.00. The resurgence of BTC/USD weakness was hastened by the election...
Following the strong pull back of the recent days (to the 0.618 Fibonacci retracement as explained on this study/ link ), I am making a quick update on the new pattern that is emerging on Bitcoin: the Inverse Head and Shoulders. This is also in response to the idea presented by BTSE exchange on the symmetry of the Channel Down: I want to tackle BTSE's...
Good day to all crypto fans! The past idea worked for itself! Attach below! What do we expect now? Bitcoin price went down to the zone 7700-8000, the gap was closed, the fifth wave was drawn, it was marked at the lower border of the channel, it was corrected from 10500 at Fibonacci 0.618, it was drawn on the right shoulder, everyone who wanted to buy is now...
Bitcoin completed the much needed pull back from the $10500 top to the $8500 0.5 Fibonacci retracement . On this study I am looking at possibilities of what it could do next based on the long term Channel it has been trading in since the December 2018 market bottom. ** Similarities with early 2019 ** Initially I want to point out that I am using the help of...
Good day to all crypto fans! A past idea fulfills itself! What do we expect now? We are still waiting for the end of the fourth wave and a campaign in the fifth. Described in her last idea. Attach below! The price of BTC is knocking hard at the level. In glasses, the price is sandwiched between 9080 and 9300. If we look at the daily chart, then a lot of points...
Morning Traders, This is perfect TL-4C formation. But be careful There still one hour to go. We had correction just passed 50% level. At the bottom TL2 that protect us from following price, the we can close the potential position. cheers, Jim
Good day to all crypto fans! Not bored waiting for market movements? We are waiting for the end of the fourth wave and a campaign in the fifth. On the 4-hour timeframe, the “Inverted head and shoulders” is formed. Cancellation of the script to continue correction pinning above 9696. Thanks to all my subscribers and readers for your attention! 🙏 Success and...
I received a lot of enthusiasm by the community with my latest series of Fibonacci cycles and thought to go this a step further and plot & compare Bitcoin's current (2018-2020) and former (2014-2016) cycle before the two Halving events (2nd and 3rd). The goal is to determine which phase of the Cycle we are now based on the pre-Halving price action of the...
Good evening, crypto fans! Now there is a situation on the market in which, perhaps, the manipulators themselves do not know exactly where it is better to drag the price of BTC for more money. And all analysts will be right! But as a result, the minority will be right. Most are now for growth! It remains to wait for the denouement! The graph shows the likely...
BTC/USD BUY LIMIT ENTRY 1 $8,286 & ENTRY 2 $8,068 SL $7,840 TP.1 $8,686 & TP.2 $9,068 TP.3 $9,468 & TP.4 $10,000 TP.5 10,468 some important retracement levels related to the pair’s trading ranges from earlier this year including bases around the 6430.00, 6854.67, 7671.00, and 8216.71. One of the tightest ranges that traders have been monitoring is the move from...