Bitcoin has been in a really bad spot over the last few days and the situation seems pretty tough. Alts have been stealing the show and money is flowing out of Bitcoin and into Alts. Yes the Tesla situation played a role, as well as the volatility / correction is stocks... but Bitcoin was already not in a healthy spot given how fast it went up. In my opinion the...
Past Performance of Bitcoin Bitcoin prices are in a tight range, and volumes are lower as the market appears to steer clear until there is a clear trend definition in the short term. Overly, bears have the upper hand, but even though the events of mid-last week shape the current trend, prices are within a narrow trading zone, inside a bear flag. As it is, the...
Bitcoin is going on with healthy correction. The major support zone now is $10500-$10800, we may see a quick spike to these levels, buyback at these levels with 30% percent of funds. RSI is good for another up move on the daily chart. Resistance zone to keep an eye is $11900-$12200 if Bitcoin breaks these levels we may going toward $14,000. If the breakout is in...
Bitcoin has been stuck in this range for a while. I believe there will be a resolution within the next week. Idealy we would stay above the first trendline, break the 4500$ zone and move towards the psychological level of 5000$. I believe we could see a breakdown towards 4000$, shake out a few weak hands and then move 1000$ towards 5000$ asap. Maybe dip a bit...
Bitcoin, the gift that keeps on giving! If all of these indicators work as expected, we should see weeks or months of bullish activity for Bitcoin. Merry Christmas everybody. BBS Out
Bitcoin dominance is at deciding zone and there is a possibility of a Head & Shoulder pattern (H&S). The major support, for now, is 60% and if break below it we see massive altseason. A correction is needed in alts and also in Bitcoin dominance. So be careful in your trades and must use a stop loss.
Bitcoin Dominance Quick Update. Bitcoin Dominance is now at support. If Bitcoin dominance breaks the current support level of 64.2%, then the next support is 63.3% and the last major support is 62.4%. We will see a huge altseason if Bitcoin breaks 62.4%. Bitcoin is trading in a range that is a good sign for alts and many altcoins already mooning. It's just a...
Bitcoin dominance touched 70.5% and rejected from there. On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on. The B wave is completed with a 70.5% high and now we started the C wave. 67.5% level is the next support zone for Bitcoin Dominance and after that, we see a quick fall in dominance. The...
Bitcoin is now in the symmetrical triangle and we will see a breakout in the next 2 weeks. 100 MA is working as support now and RSI is in a good zone for a reversal. The short term targets are $10,800 and$11,500. If the triangle breaks upward Bitcoin will head towards $13,000. The main support, for now, is $9200. If Bitcoin breaks above $13,000. maybe we never...
Bitcoin has NEVER closed a weekly candle below the 207 Week Simple Moving Average. From here you can figure out "The worse case scenario" if you need one. Good luck! BBS Out.
Bitcoin is looking pretty explosive here. Bitcoin has gone totally flat over the last few months and it has been just chopping around. Right now it is sitting at the exact average of all prices over the last few weeks/months. At the 50 DMA, Monthly P and the Volume Profile PoC. This has come right after the most crucial correction so far. We finally broke the 50...
Bitcoin is in a weird situation which looks like strong accumulation, while Bitcoin is cheap based on various models and indicators... However across all timeframes it is bearish. It hasn't managed to close above the Monthly + Weekly pivot, it is still below the main Volume Profile PoC (if we include the January area too) and it is below the all major daily moving...
Bitcoin is forming double top on lower time frames. We may see a retest of $44,200 and if unable to hold that possible wick to $42,600. The major support zone is $40,800-$40,900 and if unable to hold it we may see $37,500. The next major resistance is the $50,000 zone and we need good volume to break it. Use stop loss on all your trades. The market can go either...
Bitcoin has nearly always closed Q4 in the Green. Only time it didn't was in 2014 where the price initially dumped 28%, then went higher from where Q4 started and then lower fell even lower. All other time it has been positive, but that doesn't mean that Q4 was starting smoothly. For the first 4 years there was initially a dump and then a pump. Even in 2010 there...
Bitcoin is ready for a new uptrend. Bullish momentum has formed. This is not financial or trading advice, trade at your own risk!
I see Bitcoin going up to 5700-6400 before dropping back down to at least 4500 (minimum) and even below 3k before moving higher. For now we might not break out in one go, even though I am more bullish than bearish. Worst case drop is 3450 or simply
Is Bitcoin in an uptrend or downtrend? (Short & Long term) Bitcoin is currently chopping in a range, but is slowly forming higher highs and higher lows in the short term. The medium-term trend is down since we broke the bullish structure when it broke 47-48k and we are currently below the 50 & 200 DMAs which have also formed a death cross. However, the...
Hello everyone! Bitcoin managed to close last week with a very strong candle, which was probably due to several reasons. Countries looking into Bitcoin, Microstrategy buying, Elon Musk saying they won't sell and a lot of other little positive news coming from various groups which are pushing for regulatory clarity and are pro Bitcoin. We had the formation of the...