Bitcoin had an unholy fast drop to retest this Falling Wedge for a 4th time. If the price can hold, then we could see a massive pump but this amount of retests is getting me worried that the price could break down.
Bitcoin has been essentially going straight down this past week. There were some rare moments to catch a bounce trade but in hindsight it's most likely not worth it. Here are some notes of the recent BTC price action on the 1 HR Chart.
Bitcoin had an extremely long consolidation yesterday but the price decided to crash to the downside. This was one scenario I was aware of and it didn't seem real happening, but it happened anyways. Usually after a long consolidation there's a volatile move to the upside or downside. Since Bitcoin is in a downtrend, it was probably more likely to continue its move...
Bitcoin entered the bear territory. No major support to stop the price before $ 10000
Bitcoin prices and its Fear & Greed Index Not much more to comment here - just think about dear Crypto Nation BTC was up to 40% lower than now end of June 2019 and everyone was greedy How do you feel today, everyone? Let me know in the comments. *not financial advice do your own research before investing
Bitcoin had an unholy fast drop to retest this Falling Wedge for a 4th time. If the price can hold, then we could see a massive pump but this amount of retests is getting me worried that the price could break down.
Bitcoin short-term view - BTC did not get above $21.000 yet December 2017 All Time High with magnetic attraction ??!! A double bottom with bullish divergence on $19.892 could be a likely pattern IMO Of course not a must dear Crypto Nation Drop me a nice comment. *not financial advice do your own research before investing
Bitcoin appears to be forming a Double Bottom on the 1 HR Chart. Also Bitcoin may have already retested this Falling Wedge twice and now it's forming a base before the pump back up. The target of this Falling Wedge is around $24.8k but after that I feel like there could be a drop to around $15k because of the Wyckoff Method.
Bitcoin Monthly is about to close below support trendline which means, it will fall towards one of these support zones. Only time will tell, which one of these will be able to hold the falling knife and start another bull run. Let me know in the comments what do you think about this idea.
Bitcoin will most likely reverse trend for a good while when it hits the previous price that changed the trend to bullish (breaker) which is 19798.68. The second point of interest will be from 13970 if it should continue to go down a lot more past 19798.68
Bitcoin trading in a range and holding support. Currently holding an important level on the moving averages/
Bitcoin playing rectangle pattern on daily timeframe in bearish
Bitcoin appears to be nearing the end of its temporary decline $19,400 is a harmonious number for many indicators My guess is that we will visit it and gradually return to the ascents towards $28000, bringing the downside scenario back towards $13,000 From there we will have a good ascent About $48000 This topic requires more time My personal opinion Provide us...
Bitcoin appears to be nearing the end of its temporary decline $19,400 is a harmonious number for many indicators My guess is that we will visit it and gradually return to the ascents towards $28000, bringing the downside scenario back towards $13,000 From there we will have a good ascent About $48000 This topic requires more time My personal opinion Provide us...
Bitcoin is WAY "oversold", weekly RSI is the lowest ever. We're on (below actually) 200W MA which is historical support. Yesterday the "fear index" was 7. Today, it's 9. Markets have priced in a recession, yet we're not even in one yet. Summer bounce possible, likely even, don't sell the bottom... but be prepared for anything.
Bitcoin has been following this Wyckoff Method chart pattern extremely closely for the past year. The next move is supposedly a small pump before another capitulation.
Bitcoin Neutral As long as the support is Hold. Further Down fall will leads to more panic. Current level is last buying level later accumulation as per the Important resistance breakout.
Bitcoin appears to have just retested the neckline of this potential Head and Shoulders pattern on the 1 HR Chart. That target of this pattern is around $19.3k. This price target is also the monthly S2.