The bullish scenario has been continued and confirmed so far. My targets by the end of the month: $12900-13300 at the top, $9200-10000 from below. The zones correspond more or less to goals for CME (expiration date 08/28/2020). We will most likely reach one or another zone by the end of August. I suppose that the price will go down to the lower level of the...
3rd touch of resistance - still unbroken. But looking at ETH breakout I can assume that BTCUSD can follow soon. Then the next target is definitely $14000.
Interesting to note, bitcoin price is up 40% since the Halving event.
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Information is just for educational purposes, never financial advice. Always...
This is my current levels chart includes
-Important orderblocks/ supply / demand zones
-Important fib levels
-Rounded top resistance levels
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Just going to post my messages from yesterday here and will add some new thoughts below:
Still only thing i have for now. 11.100 didn't hold but it mostly just wicked below it. Also can see the 11.400 has held so far, but since yesterday it looks like a triangle is being made. So as long as 11.100ish holds, we could still see that move up.
To me the ABC is...
Here is compare of Bitcoin with high chance of the similar plan for the current stage.
In April 2020 we have (1) base line with purple triangle. This market showing first signals of strength (1) after sharp drop of COVID-19 panic in March. In 2018 we have seen the first signals of the weakeness after sharp drop from 20k....
Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr pulled up again. As usual lately huh. LOL. I know that I have been relying on the 4hr a lot to get me through my daily analysis lately and there is a reason for that. My setup of the 50 MA and the 200 MA along with the cloud is favoring the 4hr time frame as...
After completing our plan, BTC has been pumped stronger than expected and we will continue to hold BTC because the buying force is still quite good and its future is very bright
The price levels that we need to pay attention are : 10800$ - 11200$ - 12000$
We can absolutely hold BTC up to 14000$ or 16000$
Our last signal in private :...
The control belongs to buyers no matter whether it is your bias to fade this move or continue riding the pig.
It is Buyer's move and they are playing to damage their opposition with much effect. The capitulation from sellers here will be brutal as we start to see the...
Here is the modern history of Bitcoin. I find 7 Phases of the bitcoin from the top of 2013.
1. Descending Triangle Phase
Price in form of triangle, in 2013 this pattern last for about 398 days.
In the 2018, we can see similar triangle shape and price last here for about same period in 341 days. Next phase
2. Ascending Triangle Phase
After breakdown of the...
Follow up on the April 2018 fractal, it went slightly different 2 days ago when it made that drop to 8800ish (that weak triangle breakout update i posted). But where it looked weak, bulls were eating up all the sell volume at that neckline of 8820. Now it's once again following the road map of the fractal.
At the moment it's pushing against the 9400ish...
BTC failed to break and hold below 11500.
Flag forming after a decent bullish run. Completed 5 touches within the channel so now looking for a failed attempt at a 6th touch on the lower trend line which will create a HL then a push out of the flag for the next bullish run. Support now created at around $11,430 so expecting the HL to be created around there....
Right now is the local low.
We will bounce no higher than 11500. If we do, then we will go sideways for at least 3 days.
After rejecting from the defined local high, price will dip to no lower than 10,800. If we do, Bitcoin will enter longer term downtrend.
After bouncing from 10800 or higher, price will be safe and see continued upward continuation. This is...