Bitcoin Analysis
This is a personal analysis
Please observe the loss limit
Bitcoin reaches the center of its channel and at the same point
It has a strong resistance, in my opinion, because the uptrend is also weakening
We are falling to the point of correction and it returns to its ascending state
Bitcoin looks to be due for another drop biased on simple monthly RSI trend analysis. This is combination with weakness at forward resistance levels makes me believe we will see yet another famous Bitcoin winter dump. Targets for Bitcoin drops after major runups range from %75-85, so expect a bitcoin to be worth around 10-15k at the bottom of the reversal. This is...
Bitcoin is currently forming a Head and Shoulders pattern on the daily chart. If this breaks out, the target would be around the $16,000 area. This was also support on the previous run up which shows similarities to the 20k bitcoin drop where 3.2k was support which was previously resistance on that run up as well. This in conjunction with lower volume means the...
Bitcoin is moving in the range of a downtrend channel .
Our support was the 20K and the 17K area. This support zone is still holding the price up but lets us see what can happen in case of more pumps or dumps.
As you can see on the chart, there are a few support and resistance levels, both dynamic and static, which will tell us where the next stops are.
RSI is...
Bitcoin has hit all major support lines. The distance to first major resistance (purple downtrend line) is very large and presents a great opportunity to buy with a high target. Good luck!
Bitcoin short-term view - bearish divergence - correction likely
Maybe the ATH 2017 at $19.892 can lead to a flat support for further gains.
IMO we will hit $19.450 - what do you think dear Crypto Nation?
Drop me a nice comment.
*not financial advice
do your own research before investing
Bitcoin plummeted over the weekend, bottoming out in the low $17K's. We have tested highs from the rally in 2017, which we anticipated would happen at some point in many of our reports here going back to November 2021. We have since equilibrated and found footing, with a rally taking us back to $20K. We are meeting resistance here confirmed by two red triangles...
Bitcoin appears to be forming a Rising Wedge / Double Top on the 30 min chart. Price formed a higher high but the RSI formed a lower high which is a Bearish Divergence. If the Rising Wedge plays out then the target is the bottom of the wedge around $17.6k.
Bitcoin is looking prepped and ready for a relief rally after the 0.75bps rate hike last week.
I expect a test of 200ema on the weekly, which coincides with 50ema (green) on the daily. This is where both sides of the market need the price to go in order to have a good idea of what to side to play next. Bears will be looking for rejections at these levels, and...
Bitcoin has a strong downward momentum as predicted last week when the Fed raised interest rates by 0.75% causing the market to lose the $20K barrier and drop to $17.6K before having a slight recovery at the weekend to around this $20K resistance area. It is very difficult to find the bottom at the moment when inflation is still very high while the US will...
Bitcoin has now declined 71% from the high of November 2021, almost
reaching $70,000 before moving south.
Last year’s low at $27,734 was held as support in May this year, but June’s
candle has so far penetrated this level. We could see a push up before the
end of the month and a close above this level, but for now price is trading below it.
Another major level...
BITCOIN ABC correction is about to be finished. We have to see the nature of the upswing before becoming bullish again...
Wave counts will be adjusted accordingly
Only for educational purposes.
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Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the customer based on information received...
Bitcoin has broken the 20K major support which means the next level of support is around the 14K area. IF Bitcoin cannot get back above 20K over the next couple of days, then a significant change to the longer-term wave count has to be considered. In this article, I will explain some scenarios that can play out in the coming week.
The bullish scenario: The lower...
