El Salvador's Bitcoin investments are in the black! After literally thousands of articles and hit pieces that ridiculed our supposed losses, all of which were calculated based on #Bitcoin’s market price at the time... With the current #Bitcoin market price, if we were to sell our #Bitcoin, we would not only recover 100% of our investment but also make a profit...
Bitcoin hit one of the most significant areas of resistance on the chart, which is $42,000. It is overbought on most time frames and is showing some signs of potential bearish divergence... which would likely be followed by hidden bullish divergence, making is somewhat inrrelevant for now. Bitcoin "should" retrace here, but Bitcoin has a tendency to avoid doing...
Hello there! I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market. Although I want to share my analysis with you, I want to emphasize that I do not...
Bitcoin is currently in a multi year ABC correction. Wave B is due to complete in the next few days.
- The rising wedge, - A one year long uptrend, - The daily RSI and the price chart divergence, - ALTs may surge and drop sharply though, - First, 30-31 K and then 44 K would be the last target, - Eventually, 15 - 20 K can be a monthly double bottom following which actual bullrun is going to start. - Half the cash can be in now, half would be waiting for another...
Cryptos are rallying again following SEC discussions with BlackRock and Grayscale. Another financial asset that performed well last week was gold. While the DXY fell, both BTC and gold became beneficiaries. BTC will usher in its halving in 2024, and changes in supply may make BTC more and more like precious metals. When a gold investor discovers that gold is near...
Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is no Nasdaq indicator announcement today. During an upward trend, a correction is occurring. You can play...
This Chart makes a lot more sense on the daily because the breakout on daily 1 candle Daily Chart Here: However the rejection and inability to clearly breakout of 41,639 made me want to post this as it could possibly be a fake breakout from the rising wedge on the daily chart. I was positive if it hit 41.6K it sky rocket... but it doesn't look to be that...
I'm posting this at the pico top after seeing it failed to breakout. It could still break the current resistance line, but I wanted to post now for people for the best possible short setup and areas to take profits Currently Tested & Failed Resistance $41,639 New Possible Support / Old Resistance: Hard to say around 39.5K (see wedge) New Possible Support /...
BTCUSD is falling from a swing high resistance toward our take-profit target. Entry: 42001.82 Why we like it: There is a swing-high resistance Stop Loss: 44411.36 Why we like it: There is the pullback resistance level Take Profit:37981.33 Why we like it: There is the multi-swing-high resistance level Please be advised that the information presented on...
Breaking 42k ... consolidating and 50k will be the next target There will be correction as well but nothing tragic Just ignore stupid analysts who are calling the bitcoin fall
We are probably forming a flag and breaking the top of the triangle. If it happens, we will see an excellent growth of Bitcoin and then altcoins Of course, the flag has not been formed yet and is only a theory. And the price may move to the lower channel for the pullback.
Yet another slap to the downside before launch doesn't seem impossible.
My long term conservative prediction for BTC is around $100k. In a more bullish setting I would see BTC go to $170000 - $180000. I have used Fib + Ichimuku analysis on a weekly timeframe.
Key levels Golden Pockets Volume Profiles Price Action History - Jan 8 - 22, 2021 30% drop then 30% now? Enjoy the cartoon! Push that play button to see what happens.
CRYPTOCAP:BTC #BTC given resistance at $42,070 in effect, $41,577 support holding, Next resistance to watch $42,618-$43,145. Bullish engulfing from Dec 1 played out with amazing follow up.
Update The first goal was touched. The green box is the first support, if it is broken, the green lines are activated, if the green box is not broken, the higher red lines are available.
If you are willing to sell , I assume the BTCUSD pair will reach the 43000$ value , max of the overbought zone . The price will retest a level again . And if you missed the chance , the price may even retest the structure , the dotted green line , then buy the marked line, it may rally again.