Bitcoin has been down trending for some time now and looks like it could be coming to and end :) Price is coming close to RSI trend line and Daily trend line TP1 42000 TP2 50000 TP3 65000 TP4 OPEN HODL HODL HODL
Bitcoin has made a comeback, finding support just above $28.8K, which was a level projected using inverse Fibonacci levels anchored by last week's range. We have currently broken resistance and have achieved the $30K's once more. In fact, we are now just above $31K, which was the lower bound of last week's range. We are still witnessing some momentum here, but...
Just an idea of HODL's current pattern. It appears to be built on shaky foundation...still a bunch of noise about CHIA on the boards however the figures are so wildly entertaining it would be a 1 - mil long shot that Tony scored the deal the way people are talking. Currently we are bleeding based on BTC cost...how long can the soccer star keep up the...
There have been many people calling for a sub $20,000 Bitcoin and the start of a new multi-year bear market? I do not believe that will be the likely scenario considering we have already crashed and the major selloffs have already happened. I highlighted the 3 most major sell of volume sticks since 2017. It has been clear this period has been turning out to be a...
As I've been saying. The best case scenario for Bitcoin during these upcoming months is to hold and stay above the crucial $30,000 level of support. Our worse case scenario is having daily and weekly candle closes below $30,000. Looking at the monthly chart we're approaching bearish divergence on the MACD and most likely will diverge. The question is can $30,000...
TSLA is currently oversold on the RSI and bounced off support and trend line TP1: 698.75 TP2: 782.00 TP3: 900.00 TP4: OPEN Stop Loss: 593
Hello Traders! I know #BTC was buried a lot of times, but consider this before you buy the dip with leverage. We are at the end of a long term debt cycle only the assets/businesses will generate profit whom produce value and doesn't need much money to maintain it. If the pattern is validated we have 85% chance for the profit target based on historical...
Bitcoin has continued to trek downward, receiving a tiny burst of momentum around $31.5K. It is showing a clear bear trajectory but at this point, a relief rally is due even if it is just a proverbial dead cat bounce. We have broken past $32.3K, which is the nearest level of resistance. However the Kovach OBV is still quite bearish and the Kovach Chande is at a...
Bitcoin has retraced from $34K, again finding support just above $32.3K. We mentioned yesterday that we feel a divergence is forming with momentum and price action and we still feel that this is the case. The question is whether this will manifest in a breakout for BTC, which clearly did not happen yesterday. Bitcoin seems to be very comfortable in the $32K to...
Bitcoin appeared to be making a nice run for a technical level at $34.9K but fell just short of this and broke through $34.0K. We feel a good pump may be near. There is a divergence between the Kovach OBV and the price action (identified with red arrows). Additionally, Bitcoin has been ranging in the $30K's for an uncomfortably long period. Many pundits have...
Potential sell opportunity that comes once or twice in a life time!! and no bitcoin is not reversing up before challenging all Hodlers believes and liquidating them!
I contest that Crypto is currently not bull and bear, but pigeons and eagles. "Just buy the dip" and "HODL" are two bromides of wisdom for the pigeons, kindly given by the eagles. Ways to keep skittish retail from panic selling and causing even more volatility. But clearly in a volatile market with big swings (10-20% within hours), buying dips is a good...
Bitcoin has found good support off $32.3K, which was the inverse Fibonacci extension based off our head and shoulders pattern, then neckline of which, at $34K should provide formidable resistance. This is especially so since it appeared to form a lower bound to the consolidation pattern we saw over the past few days which has since broken down. We are likely to...
Bitcoin has broken down from the consolidation pattern we noted yesterday. We alerted you to the fact that such a constriction in volatility was to result in a breakout or breakdown. We are currently finding some support at $32.3K, the level projected by the inverse Fibonacci extension levels we drew from our head and shoulders pattern. If this does not hold,...
A bearish confluence has arisen among all the current bullish signals. This formation is theoretically seen as a reversal pattern and is bearish based on the fact that the price originated from bullish movement. Although the price target of this formation is at $1.29, does not mean it will reach these levels tonight, however knowing crypto assets a 10% retracement...
This is what I see for BITCOIN. Finishing bear market around 20k dollar($19.415) then when the next bull run starts we will see higher prices, with $74.865 being my first area of Take Profit after buying at the lows. Patience is key, if you invest for the long term, the next 5-10 years can be amazing to generate wealth. As I saw the FALL of bitcoin from April...
Bitcoin is continuing the consolidation pattern we identified yesterday. We are seeing ranging in the very narrow band between $34K and $34.9K. The Kovach OBV is very flat but if the longer trend is to make a difference, we could be gearing up for a breakout soon. The level $36.7K will provide resistance from above, and there is a steep vacuum zone below to...
Bitcoin has been ranging in the $30K handle. We have made some meager attempts at rallies over the weekend but each were thwarted quickly. We broke above $34K very briefly, but were quickly smacked down, and a second attempt was again rejected. Broadly, it looks like we are forming a pennant pattern, but it's clear volatility is consolidating, and we are due...