Pretty simple: BTC is gonna drop more. First support is 32.2K, the second is 30K. I personally think it's a good moment to do DCA and in general to accumulate. If, like me, you've a life which doesn't let to keep an eye on the chart very often this means you've likely at heavy loss. In such cases the confortable way is to hold and wait. Don't sell at loss to...
Hello Traders! The price reached the 3,618 (64,896) level of the Fibonacci retracement traced from I to II. Which represents an extended wave III as seen in the graph. A minimum correction is expected at the level 0.382 (41.298) of all that impulse, this level belongs to the entire cycle of the sub-waves (numbers in circles) of wave III. This price correction is...
Hello everyone. I have prepared a new idea for you. I am currently considering opening a short position in the blue zone indicated on the chart. In order for the price to go higher, it first needs to break through the downward trend resistance line and the horizontal resistance zone. I think that the seller will show himself in this zone and we will see a price decrease
On the market on the chart for 1 hour, I see a deviation. This means that the power of buyers is running out.
It can go down to 35,600 and then have a comfortable purchase
We have seen BTC run up quite remarkarbly, but everything has to come to an end! With all the hype around BTC right now, and with my grandparrents beginning to talk crypto I feel the bull market is coming to an end. Using Elliott wave we can easily see that the 5th wave has to end somewhere around the current area and perform a proper correction. Also we have been...
Are we seeing a head and shoulders formation within the right should of a head and shoulders formation? The market open will be interesting, the new stimulus pack might boost the fear of inflation which could result in a sell-off.
Do not forget that traders use different analysis tools... These key points are made by MA & Pivots & Fibonacci retracement & other techniques... BTC is Bearish by my idea and we are going to have mid term Recession...
Perhaps I'm wrong, but for myself, I made this decision. Targets: 50300 - 48300 - 44300 - 41950 Stop loss 55900 My risk 7% This Channel is not financial advise, It's My opinion and My observation: @opptrade ❗️❗️❗️Disclamer:❗️❗️❗️ Dear friends, traders. My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading...
This indicates slowing movement and it usually precedes a reversal to the downside, meaning Traders should be aware of the price will down. My strategy. I wait for a breakout of a rising wedge pattern. If breaking down I will sell for taking profit and short BTC but if breaking up meaning the rising wedge pattern fails we can follow buy again. *** There is also a...
Possible short trade only looking at technicals, AB=CD pattern. Bounced off the 0.618 fib level and previous resistance TP 45k note: fundamentals are still bullish
Possible retracement after the beautiful rise is healthy. Head and Shoulders if forming, possible retracement to 43k
Break of structure, fall into $36,300, Then completing a head and shoulders formation which could possibly extend targets to $32,250.
“EKU” is one of Cindicator’s SuperForecasters with a P&L of 87% and a Sharpe of 1.97 — that’s just for weekly BTC signals. EKU has been making forecasts with Cindicator since summer 2019. EKU is on a roll with three consecutive profitable signals. Last week EKU suggested: Long +22.56%, entry at 28,344 with a Take Profit at 34,734 and a Stop Loss at...
Bitcoin to complete Daily/4H fibonacci and fall back down into weekly or monthly levels at around 20,000.