Traders, The charts are showing me that Bitcoin price action might now be ready to move up. Get ready! - Stew
breakdown and lower highs with geoplotics in progress Russia major player offering $35/barrel to select markets Inadia etc... should tigger a price war when Shale oil starts to take effect anytime..
Hello Birdies, As we are saying this from december we are in bear market. Now the point has come from where we are going all in for short. The points of shorting are on chart and also you can see there is a huge volume on 40,300 point . I can say We are officially in CAPITULATION
I usually don't share my ideas but in this case, I had to warn you. a perfect bear flag and a perfect s/r level(20-24k) for capitulation event . We see little liquidations lately and volume is still low compared to 2020-2021. About on-chain, everything on-chain is bullish(long-term) except Estimated Leverage Ratio which is currently at it's ATH increasing...
Get ready for a face melting monster rally EOM into April.
The previous 2 broadening wedges extended 1.618% From C-O fib extension Hence I'm calling this the "CO wedge phenomenon." What's next? Extension targets for the current wedge are: 1859 1996 2098 Personally, I'm leaning towards counter-trading this sell-off, at 1996 and 1859. That's where my bids will be placed.
Capitulation is defined as surrendering or ceasing to resist. In the market, it means when investors give up any previous gains in any security or market by selling their positions during periods of decline. Historically speaking, it is also the very best moment to enter the market. For as long as we have been able to use the 200 weekly weighted and simple moving...
Take advantage of every opportunity, bullish long term but bearish short term (3 to 6 months). Trade strategically
Hello everyone, We are approaching a very strong, downward trendline, from which we bounced twice lowering the price. It is very likely that it will be the same at this point. ONCHAIN data shows that a lot of BITCOINs have been deposited on exchanges. Which could mean a whale play with this trendline to dips. My first target is $ 0.51, if the candle closes...
It took 3 months for btc to finally capitulate completely. I still expect btc to remain in this price area, maybe even set double or slightly lower bottom to really scare the last weak hands off. By now it is safe to say that 30k will hold for now. Like i sad many times now, expect some kind of an ABC retracement back into 55k zone. We could also just go into the...
Obviously Bulls have not capitulated yet.. appears to be one last stand at this purplish trend line that began at the November hi.. below this line there is not much logical support??? BTC will be below all MA's and any trend lines that I could see.. Hold and drip down this trend line slowly... or capitulate, regroup and live to bull again?
Here's a quick look at the BTC Daily chart . As we can see, the price has been continuing its downtrend within the bigger falling wedge for some time now. The price is currently at the top of the falling wedge, and a rejection here will lead to further downside. The price needs to break above the falling wedge in order to build some bullish momentum. If the 40k...
I think Bitcoin is waiting for Futures to pick a direction Possible Bearflag on hourly watch for capitulation if we break below 40K
As BTC is grinding lower and lower there are still two potential scenarios that could happen in the upcoming days. First there is the support area where we are in right now at the time of writing (orange box). I still see it as being quite good of a support area and also a resistance during the summer of last year. This is why i think that if this orange price...
Will not say much... Since stupid money is still in the game regardless of the sweat and tears, more blood should be seen. As soon as you'll see a move which will make you hold your head make sure to hold your crypto as well at the same time... Soon come. This is an informative post that includes my personal opinion as well and not a financial advise what so...
Following my yesterday post The first "kiss test" was made however and regardless of the fact that fear is in control there was no panic and the crypto market does feel stable as long as the bitcoin holds 40k support line. Having said that, and as far as I see things an uptrend will not start unless the stupid money will be shaked out. Waiting on a drop to...
As expected BTC has created a new local low at around 40k. This drove the whole market down, but actually by not that much compared to BTC. Even though i do not think btc has found a major local bottom yet, xrp price could have already finished the crashing after capitulating to $0.60. First it would be nice to see holding $0.70 as that would further prove how...
take a look here at bitchcoin,..,.., I mean Bitcoin $BTC its playing out the H&S pattern now that it broke 42k support becomes resistance algos could drag bitcoin down to mid lower 30's bearish below 42k extremely bearish below 40k