While Bitcoin is in its strongest bull market since 2017, DeFi tokens have actually been selling off. Bull Run and Subsequent Correction This year was terrific for the DeFi tokens until September; some grew by more than 5,000% from January 2020. The DeFi Index we are analyzing was created towards the end of June, and therefore we are unable to showcase the...
If you excuse the corona anomali you will see Bitcoin is currently in a ascending channel and a symetrical triangle while also trying to break resistance. We should see a break of resistance as well as the triangle in the coming days. After which a continuation higher should occur to push BTC out of the channel and back to 20k. We will most likely see a...
I think we will have one more leg up at least before the election. If you find this useful please leave a like I would appreciate it :)
-Yurlo Please give this post a thumbs up if you appreciate the visuals on my profile I've posted for the crypto community First of all: I got trapped and shorted the bottom. Second of all: The 1st bull run is for learning and the 2nd is for earning. THUS BEING SAID, I'll be taking this entire bull run to really learn things that only come from experience, and...
I entered 5 Bitcoin positions throughout the March crash due to covid-19. These positions are all sat in nice profit however i'm in these positions for the long term gain so will be keeping them open and taking partials at the old ATH.
Here's today's technical analysis I've created & put together for you guys. To get things started please consider this question: If GOLD can get to ATH during a pandemic in 2020 why can't BTC reach at least 75% of it's ATH? I'll let that one sit with you & let your brain wonder. Here you can see I've zoomed ALL THE WAY out, why? A: Simply because when you zoom...
If we break above .34, then .43 would be an easy target and healthy sign of trend reversal.
XRPUSD it looks like has break upside successfully the 2 years downtrend channel. Will it continue further? I believe but I don't know that because there are many factors. The situation in the whole crypto market affect that. If there is right momentum I believe it gona continue.. NOTE: This is not investment advice, it's only for educational view.
With the current state of the economy around the world, governments and leaders are looking to keep their economy afloat (save their a$$). EU leaders just announced that they will spend 2 Trillion on corona relif. If I get a check I know where that is going, straight to BTC. As many other individuals will do as well. People, if they havent already, will start to...
despite Still noticing a bearish divergence on the 1h chart for BTC bitcoin is doing numbers we havent seen in a whole year now.. personally im not buying back into BTC as of now way to over bought still waiting on a slight pullback. ETH momentum along with many other Altcoins BTC has gained from LTC is also Gaining
Key resistance still ahead in weekly, until price reclaims and clearly consolidate above trend is bearish for me. Weekly close and consolidation above 12k, and we are ready to move up. Until then, I still see the chance of revisiting the 3k lows very possible.
What's the difference between a BTC Technical Analyst and a Narcissist? Though both 'buy into' the delusional prospects of their practices, even a Narcissist knows not to do that literally.
ascending triangle, break the yellow line & we moon
We could be seeing a touch at 10k again but remember that the sell wall at that level is insane Touching 10k does not mean bull run, last halving took 3 months to start the bull run and there were plenty of opportunities to get in the 4th month
You can see this is a very long play. My Short from $10355 was very successful and I closed most of it at 5000% ROE on Bitmex. (In the Summer of 2019, 99% of the people I know told me this chart is impossible- but the 1% of the people I knew told me there would have to be something massive to create the necessary fud to cause such a crash. Covid fud happened and...
1. Tapping 1.414 FIB level. Number isn't important, but resistance is still resistance 2. Doji candle (large wick, small body) from week of May 4th shows bears keeping candle down 3. Next FIB level is ~7000 4. Impending reversal on 1W stoch
M formation. Retest neckline the neckline real quick.