Not much to say here - BTC is having trouble getting out ahead of the bear trend/200MA day after day. The chop isn't a good sign, the volume is still too low, and there frankly hasn't been enough pain/shake out over the last five months. Without a breakout above 9300 ish (probably closer to 9500 with some force, really) the price will drop into the 8700 area once...
Long. Will explain later. It do not matter.
do you really think whales look at the 1m 5m 15m charts? lets look at the macro picture here the green triangle is a TYPICAL whale consolidation triangle 1. look at the volume boxes representing whale movement which align perfectly with the edges of the triangle 2. whales are tricky and do opposite of what most people think 3. they BUY when there is FEAR in the...
Well, TA is pretty much broken right now due to the huge vol of FOMO buyers. I've given up using RSI or any indicator but VOL indicators. We are headed for some very important levels I feel (11.3/11.8K). Let's see if we can keep up this VOL.
Hi people and alike, I woke up this morning noticing that the stop loss I placed at 9.5k before going to sleep, worked out fine. Bitcoin has dropped almost a thousand in half a day as per UTC. I'm now waiting to see if my next trade is going to be short or long. Maybe I'm too stoned but I'll wait to see what happens with the price and the whales. and if they want...
I've been calling this bullish move all week. BTC. see linked charts.
Bitcoin has been trending upwards since April 12. Under my Elliott wave model price is bound to finish wave (5) either in 8600+ area ( main scenario ) or just above 9000. I will update the chart as soon as there is a reversal signal.
Good afternoon peeps, Hope this note finds you well on this wonderful Friday. As we can see on the the 1H chart for BINANCE:ICXBTC , we've broken the bull flag pattern and are attempting to find support above the high of the flagpole (4192sat) after testing the .618 fib extension. Keep an eye on this chart as this breakout could push us to test the 4580 region...
A possible retracement at 7400 base in trenlines and patterns, this is a short term analysis using lower timeframes,
Dear Crypto addicted, fan, lovers, haters, whatever, in the past days huge capital injection to raise BTC from the annoying sideway 6.5-7k to 8k peak, volume also temporary increased from 4-5MM to 9MM per day. Is that a reversal of the downtrend to an unexpected uptrend?? I don't think so, we currently are still below the channel top of the main downtrend...
This is my update for Bitcoin in April. I do understand the idea of buying Bitcoin on the weekly swing trade since it is near reaching the 8.5k-9k resistance area it has reached many times before. In the very short term, we do see a bullish ascending penant and it could very well turn out to be an inverse head and shoulders. But the RSI is questionable, and is...
COINBASE:BTCUSD Bitcoin FINALLY shows a reliable bull signal - yesterday's hour long run from ~6900 to ~8100 proves to stay more or less in tact, moving the daily chart out of the downward trend BTC has been in since Mid December/Early January. Big news.
Its time to reverse by tech and fundament analysis. 2 IMPORTANT trends(one of them from the borning of bitcoin) and powerfull support line. There are also a lot of important people(like Rokfellers and Rotchilds)and companies join crypto by last months.
So I still think we have to dip down as hard as we spiked in order to please the bears and get this price back down to where the whales will jump back in and repeat the cycle. On the other hand, sometimes loans can be paid off short. Looking at it from a non technical standpoint, some may say a double bottom combined with the extended amount of time we have...