BitCoin crypto currency has a strong weekly demand zone in control and being respected, there is a clear monthly uptrend and long term long bias after such a strong expection correction. There is a new weekly bullish impulses being created with new daily demand levels within. Clear long term long bias on BitCoin.
Bitcoin winds its way into an apex as the price makes small ranges. Inevitably it will break out on its next move. Support is being held... for now... around the $12,500 which is shown on both the Daily and 4hour chart. I have shown you the Fib levels which are applicable. A break and close below this will declare its direction south. Whilst a firm stand here...
Bitcoin analysis heading into the bitcoin fork. Price has rejected off the 78 and Support zone. Will Bitcoin form a head and shoulders and drop breaking the trend line? Or make a new high soon after the bitcoin fork news? Only time will tell. I am LONG Bitcoin. For the video analysis checkout my youtube video below: youtu.be SUBSCRIBE FOR MORE ANALYSIS COMING...
Bitcoin experiencing its tightest Weekly Bollinger Band Width squeeze since 2012. But before we dive into this, let's take a moment to get to know Bollinger Bands , which are a common tool in trading. These were created by John Bollinger back in the early 1980s to help us understand price volatility better. So, what makes up Bollinger Bands? If you'd like...
Bitcoin, the world's leading cryptocurrency, has embarked on a significant rally in recent weeks, defying predictions of a prolonged slump triggered by the Russia-Ukraine conflict. As war fears recede, investors appear to be regaining confidence in the digital asset, propelling its price upwards. Several factors are contributing to Bitcoin's resurgence: • Waning...
Bitcoin will go a little lower until next week, then start to rocket again since USDJPY will be capitulating and that will force inflation to resurface. Inflation also means excess liquidity which is what bitcoin is, and is highly correlated to the nasdaq. I give it till summer when the BOJ pulls the plug and the FED is forced to hike rates again. This will force...
Bitcoin ETF flows have continued to exceed recent expectations. On average it would seem we have been seeing about $500M in new money come in every day. If this continues, which I expect it will, price will continue toward the previous Bitcoin ATH around $70k very soon. In short term however, I think price will hit the $60k area by or in March. This is the...
Bitcoin is currently going up in the short term, but do not fall for this uptrend. It's clear that the downtrend will continue, and we will see a huge dump to 34,000, probably in March. As per my Elliott Wave count, we have finished a huge impulse wave, and now we need to make an ABC correction so we can go higher to 100,000 in 2025. Wave A is complete; now we are...
Bitcoin just broke through the inflection point towards the value area and has reacted with the value area. This could mean that there is a very high possibility of Bitcoin going short for the next months. This means that 2024 could overall be a "short" year for BTC. So what could this mean for investors concerning Bitcoin ?, Firstly it means that if...
Bitcoin just broke the key resistance level of the mid 44k's establishing a new high of 21 month since April 2022. The red circles on the chart indicate key breakout levels. 1) June 2023 the price rose above 26,800 with a daily candle close. 2) October 2023 the price rose above 31,400 with a daily candle close. 3) Jan 2024 the price rose above 44,700 with a...
Bitcoin broke out of it's trading range between $25,000 and $32,000 and touched $44,800! Does this mean we're going to new all-time highs? I'm skeptical for a parade of reasons, all of which are based on historical and current data points. Let's dig in! How do we trade this? 🤔 Recent Data Since the trend reversal in January 2023 we've had three pushes to...
BITCOIN - BULLFLAG 1h Bitcoin on 1h time frame , is printing a beautifull bullflag, this pattern comes after a big pump, and continue in most of times with a breakout in up , so it looks very interesting.
Bitcoin is finishing Phase C of our wyckoff distribution schematic #1. This indicates that whales have been selling bitcoin all the way up. Good chances we have finished the upthrust after distribution (UTAD). 03/24/23 Preliminary supply (PSY) 4/14/23 Buying Climax (BC) 4/24/23 Automatic reaction (AR) 06/15/23 Signs of Weakness (SOW) 07/13/23 Upthrust (UT) 11/15/23 UTAD
Bitcoin still has liquidity to the both side to take, we could see another sweep to both upside and downside. with this much liquidity we might continue our consolidation untill a decrease in liquidity happens to make a major move. Thanks for watching
bitcoin wil go to 36k. it wil struggle to break the fibo of 0.618. but when we break we wil see a new HH and the break of 36k
Bitcoin tried a pump to 29K (golden pocket) and slowly retracing it.failing to hold 28.2 could result in a drop. Thanks for all your support
Bitcoin been consolidating and while there is liquidity to the upside we could see another leg down today. Thanks for watching
Bitcoin was rising yesterday despite DXY movement to the upside.that indicates we may see a rise in prise when dxy pulls back down. IF DXY keeps going up and hit specific levels we could see a capitulation candle to the downside instead of a upside for BTC. Thanks for all your support