Bull flag for bitcoin
First target : 41833
Second target : 43316
First go to 41833 and then maybe retest the supportzone and then go to 43316. Because it's the weekend.
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#Stock to Flow
I believe that BTC could get to $85k in the month of November. Then probably at $100k by the end of the year or at the beginning of the next one. It seems that BTC has finally decided its short term road.
Rising inflation and macroeconomic factors might help this path. I also believe that BTC might grow further...
Bitcoin is holding the Support Zone at 33755 pretty well.
It will be interesting to see whether the retracement from our old high at 44690 is done or not.
We'll either see a rally to the old high at 44690 or a dip to around 28095.
Hello there, I'm a newbie on this site and I'm also a newbie in trading analysis overall, but on the other hand I'm trying to learn so don't take any of my ideas too serious because they are more like my personal log of fails and successes.
So, here's how I came up with this idea:
1. We are still in bear market since we didn't went through ATH so I think that...
After successfully closing above 37.2 we begin the day with a nice green candle.
If the previous resistance has turned to support we can expect two targets.
A daily resistance would be 38.9 based on previous resistance and support levels that coincide with the 0.5 Fibonnaci retracement.
A weekly resistance would be 40.4 based again on previous resistance and...
Bitcoin is crushing the all time high we currently had since this cycle began in March 2020.
We'll see which prices Bitcoin will be able to achieve in the near future, but as long as your indicators aren't showing a change in trend, we'll be able to profit here.
- Retail sentiment is very greedy.
- CFTC leverage fund positions on long/short is 1:5.
- BlockFi reserve is on an ultimatively low
meaning a lack of institutional interest since march and
the later month.
- All Exchanges Fund Flow Ratio is on an ultimatively low
pointing to less retail volume and larger OTC deals.
- The pump spikes we are observing...
I'm quite new to crypto and TA analysis as a general.. my ideas have played out quite well so far but I guess it's always easy on a bull run.
This afternoon I noticed the RSI indicator has crossed the 70% dotted line. Almost every single time this has happened on a daily chart BTC has dropped the following day.
As to where it could drop, if we close above 74 im...
BTC has enjoyed a two day run since surpassing the 41.6€ resistance.
Yesterday BTC tested for the first time the 44.4€ mark being unable to close above it.
The way I see it, we've bounced back and were we to test it again and succesfully break it, there would be another clear road until the 47 mark.
bitcoin shows that currently negative news (even the most negative) does not affect the market so much, this is a good sign. Currently, only a large sale of btc can make a huge correction, so I recommend to watch whalealert and draw conclusions. (BTC on long is still the best investment offer)
Hello Wonderful being!
It truly has been a very long time since my last post, but ii has not been that much reason to post lately.
Simple truth is from the title, that my old chart is still valid and been battle-tested.
The pointers I have on the chart are still what I am watching but let me summarize:
Heiken Ashi is used to remove noise from chart