Do not worry, the $400 drop in bitcoin price might have seemed sudden. And although the hour candle closed below key support and resistance levels (which may be a bad sign), the price is only retracing and pulling back naturally and has successfully bounced off the 0.382 Fibonacci level, leaving much space for bullish momentum today, April 1st, 2021.
This is only...
In the last couple of hours, the price of bitcoin has quickly rallied down back to $58,000, at one point reaching $56,800, after not being able to break through a key resistance level that I have drawn using a Pitchfork.
The price quickly rallied up to $59,700 before crashing. This could have been caused for many reasons. It could have been caused by a very quick...
Predicting the movement of BTCUSD in the upcoming weeks using the Elliott Waves.
Please note that all diagrams and charts are only estimates.
Using the fundamental rules of Elliott Waves, we are able to predict that BTC will have a bull run that could potentially reach $70K, before retracing back.
The Elliott Waves have also helped predict that wave 4 which...
Very simple. TD sequential 9 indicates downtrend exhaustion.
BTC could still break bellow this level which would bring it to previous support, this would prove wrong the theory that bitcoin is repeating its price movement when it was between 9k and 10k. Watch for the 11150 level if you hold altcoins.
don't focus so much on the short term. relax! ;)
