One day Bitcoin is breaking out for the next leg higher, and the bull run has begun, two days later, the sky is falling, sell now and buy lower. You have to be kidding. The best was one group I follow on Facebook as a sentiment indicator, who sold recently and is posting "where are you adding next, I have my levels, where are yours?" Ohh brother. You think the...
Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the weekly BLX chart, we can see tat Bitcoin continues to struggle at overhead resistance. That resistance is the weekly 50 EMA (in orange,) which is intersecting exactly with the 61.8% Fibonacci retracement, which is produced from the decline from 6000-3000. We also have big...
Current movement sucks a bit :), difficult moves to predict, so normally i don't want to do anything. But to give you something to work with, i am going to do an analysis with a few scenario's, for the bulls and bears.
1) I have drawn 3 charts here. The one on the left, is already moving as suggested past hours. Made that last bounce up from that curved line. My...
Hey guys this is very risky call for short, but the risk/reward ratio look good for it with risk of less than 2% of our capital to gain if play out almost 22%.
Spotted potential BAT pattern just like before and I believe this will likely play out.
Note the stop loss level, and remember to acknowledge it if price go other way.
Green lines are for the profit...
USDJPY is still in correction against the very nice fall very have just witnessed. We are anticipating the same fall on current price. US major averages are about to form new highs and drop or at least correction is about to happen on stock market. That drop or correction will give as a very nice wave on the Yen pairs. The way we have already seen just...
Happy Easter to everyone!!
Winter is gone,
Spring comes to us and bulls are waking up.
New bullish trend is flourishing so don't miss this rally!
On the daily chart we have a completed easter eggs pattern,
it is a very strong reversal pattern that appears only in spring.
I also see a strong correlation between market...
Using FIB circles and pitchforks I give a time frame when I think our next drop in bitcoin will happen. I still believe we will drop 65%, this video just gives us a rough estimate when we can expect this drop in the price of BTC.
I am on YouTube as: OPTICALARTdotCOM
For a walk through of this chart, search on YouTube for: Date bitcoin will drop 65%
This is an experiment.
As I predicted at the 3.2k, we will go to 5.3k:
Now I am shorting from 5233 area because the fibonacci is 0.618 in 5300, and the rejection confirmed my theory.
I can show you how this theory works:
after the first selling from 20k:
I see a lot of other posts detailing how bitcoin is going to fall back down to this $4500 level right away. But that formation really tells a different story. Could it happen? Absolutely. But check out that formation. I don't see a double top or exhausted sellers, I see slow steady buying slowly pushing higher while the sellers are exhausted. An ascending triangle...
Still on same short view guys, Now BTC is painting a BAT pattern, we should keep close eyes on the mini rising channel where the BAT inscribed in, if price keep holding below the previous high may signal huge dump ahead.
My advice is to be a shorter right now with tight stop loss rather than be that guy that see only Long. Lots of divergence on almost all...
Price moving in a very strong rising wedge with Oscillating indicator signalling optimum overbought. With all indication pointing to a little more upside move before correction will set in. But this will be hard so we should not expect massive dump but rather a slow moving corrections.
Keep an eyes on my marked area with dangerous zone.
Salaam alaikum Hello Brother ....!
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Since the last update after the breakout, $ 17.5 we set $ 21 / $ 23 as next resistance and target for BNB, right nowBNB growing and hit $ 21 and today reach $ 23 / 24.5 + 40%
So what next? Is that the time to follow our BNB Analysis since Jun 2018 or time to calm and let BNB take his breath...
The Weekly S+P 500 Chart
shown here for the purposes of illustration,
shows price has risen almost as far as it possibly can,
in the current ascending wedge pattern.
Next, will come a sizable price breakout.
The technical expectation of the ascending wedge
is for an ultimate sharp break to the downside.
I will tell you that if that were to occur,
Good morning, traders. Many were scared off by yesterday evening's little drop. As we can see, price bounced just above the pivot closing above the 21 EMA once more. The short double bottom target, of the swing high denoted by the purple line/R1 pivot, remains at this time. The 4H Stoch RSI is nearing a bullish cross in oversold. RSI remains bullish at 56.8.
So far, there is not much difference in numbers between buyers and sellers.
But everything is fixable. It will be flat, since there is not a big difference in volume.
Total books: $27,179,080.94 (-1.35%)
Global Bids: $12,862,728.77 (-10.25%)
Global Asks: $14,316,352.18 (+6.63%)
24hr Volume: $620,075,773.72 (+25.081%)