Bitcoin definitely looks like it wants to try and test the lower levels. Sub $30k is an increasing possibility in my mind, continues to lose levels with no real buying pressure regardless of any articles that may have you believe otherwise. I believe the bull market has come to an abrupt end but not all is bad, I do not believe we will see a multi-year bear market...
Bitcoin may be in the process of establishing a higher low formation. IF the current candle can close green, and then take out its high during the next candle, a new buy signal will be in effect based on our LONG only swing trade strategy. How does this compare to the recent bearish price structure? Buy signals based on candle formations are only one part of the...
Bitcoin is trading within a technically confirmed symmetrical triangle. These formations are typically biased to continue in the direction of the trend, as in downwards. This is further supported by the incredibly weak overall technicals, the weak, weak bearish RSI channel in particular, in which the RSI barely even manages to retrace to the green RSI 50 line...
Bitcoin continues to face selling pressure throughout the week and volatility has shrunk to an all-time low. As much as bitcoin is heavily discounted, conviction to buy bitcoin remains in a slumber amid heavy criticism from big crypto influencers such as Elon Musk and the constant crackdown of crypto mining in China. The crypto market is expected to remain...
Bitcoin tested 30,000 zone and bounced to 41,000 area before pulling back down to 35,000 zone at end of the week. We believe a lot of damage has been done the chart, and it will take some time for the bottoming process to play out. Our strategy is to buy between 30,000 and 28,800 as long that support level holds. A weekly close below 28,800 we will cut our losses...
Bitcoin will continue its downward trend To the target 25500
Bitcoin Accumulation Schematic #1: Wychoff Events and Phases 2H timeframe. This could be a potential bottoming out pattern for Bitcoin. www.newtraderu.com
Bitcoin’s lock-step trading is becoming more or less mundane. The inability to lift above $40,000 appears to be exhausting buyers. On the other hand, most attention is directed toward defending support at $37,000. Meanwhile, the flagship cryptocurrency trades slightly above $38,000. The primary goal is to support the 50 Simple Moving Average (SMA) on the...
Bitcoin broke out the downtrend channel a few days ago and confirmed the breakout with a bounce on support. but it needs more volume, strength and consolidation to go back up. It might even need more corrections (The 19K price scenario). But so far it's not safe at all, which is making the whole market risky! Don't open long positions for now, at least not below...
Bitcoin's looking good, but the dangers are far from over. Bitcoin has overcome most of its overhead resistances, especially in terms of the red ichimoku kumos and EMA ribbons on the 1-, 2- and 4-hour charts. It is currently battling the very last edge of those indicator resistances (see picture). Since Bitcoin broke down from its long rising wedge from...
Bitcoin is potentially on the verge of having a huge breakout. We will be looking for confirmation to open a long.
Bitcoin Updates, retail Bulls are liquidated, time for up rise.
Bitcoin had nice bounce up. Now is very important to close daily candle above level 42k. There are two important things. EMA200 and the first ATH of this bullmarket. If bitcoin daily candle will close above this level, then next resistance is around 45k and 48k. If bitcoin will go down, next support below this one is around 28k.
Bitcoins hourly volume is still extremely slanted red. The most interesting day is 5/20/21. Here we see a green day with the highest volume candle being red. I still see this as whales unloading their bags and letting retail buy it up so they can dump again. I maintain my short and feel confident reloading every time we hit the 40k level without surging past...
**Bitcoin Update🇬🇧** Bitcoin has just broken out of the triangle. The bullish target is $41200 and the bearish target is $34200. Currently, the bullish target is more likely. However, it should be noted that we are on higher time frames in a downtrend and such breakouts to the upside often turn out to be fake outs or bull traps. **Bitcoin Update🇩🇪** Bitcoin ist...
bitcoin now breaking upside falling channel and 21MA in 4hr timeframe but retestment still remains. if retest will done it will ready for 50k soon. the RSI is also make bullish divergence which is bullish sign for btc. it can easily touch 50k
Bitcoin has been on an upward trend (orange channel) since March 2020. probably Bitcoin's recent correction was due to a collision with the midline, which is exactly in the 61.8 Fibonacci zone, and after a short break, it will continue its upward trend. Bitcoin is also in a Rising Wedge pattern (purple lines). There is a possibility of correction after this...