Cup & handle for bitcoin : - Price target : 22018 euro - Buy zone : 21228 - Other buy zone : 21165 Don't forget to push the like button. Thank you. Greetings.
Hi, I'm back with an update. The 200k btc milestone (450% up from today's prices), will most-likely be between this year (2021) and 2023. Looking at the current linear trends on a logarithmic price scale. Disclaimer: humans find it hard to believe and understand logarithmic scales. Our brains mainly think in linear scales and trends. However, I think with...
This isn’t the first time this year that large long-dormant BTC transactions have been spotted. The CryptoQuant post said more than 10,000 BTC was moved when the BTC price was at $47,700 in March, 2,800 BTC moved in May, and more than 1,100 BTC was moved at $23,000 per coin in July.
Disregarding the structure of higher time frame, on the hourly here: - decelerating rate of change of the drop, - technicals showing positive divergence, Suggesting a local bottom is (almost) in place, rebounce to above 21k is doable, good R:R is using LOD of today as stop. ARKG is actually green today, either indicating (short term) risk-on appetite, or just...
The Pi Cycle Bottom indicator has historically been a close bottom signal the last 2 times it has flashed (2015 and 2018). After having the Pi Cycle indicator flash on the BTCUSD chart in July, we now have it flashing for other currencies, some late July, some even yesterday, further validating the Pi Cycle Bottom. I do believe we can head slightly lower but...
Maybe Rising wedge i can see there? I think thats short.
Similar to the ETH chart from today, BTC seems to be converging yet broke out prior to the convergence. I assume this indicates that the sideways trail might be coming to an end, but WTF do I know?
TLDR: attempt to long around 16k-17k with stop at 15k, switch to short if under 13k -- Area around 16k EUR is likely to be at least a local bottom, given: -strong confluence of fibs -technicals entering oversold zone -symmetry of a lower degree: -73% correction -close to major top of 2018 -coincide with volume profile wedge, albeit a small one A rebounce could...
BTCEUR - in slightly downside biased range and currently addressing top of the 4-8hr range, likely pullback occurs before more . In case of converting red zone in to support - likely our daily red zone opens up for the taking. The green arrows up are buy bottom buy signals - while small red arrow is sell the bounce signal - they're automatically generated by...
It looks that BTC on EUR pairing have the confirmation to go even lower (inverted scale) What do you think?
after looking at the graph, taking into account that a rule of elliott waves is wave C to go below wave 4, this channel will be broken down, the limit of the blue square above is the limit of wave 4 and the limit below is a price support, when breaking this channel there will be panic in the market, but it could be Beartrap before the final push to the new historic high
Bitcoin reach to strong resistance. Next support level is 16K at bottom, Next resistance level is 30K at top.
Possible head & shoulder pattern on BTCEUR on the Daily. Green line = neckline. Measured distance from head to necline is shown and copied to indicate the target to the downside. Fib-levels (0.382 up to 0.786) are displayed on the chart for possible targets in case of a short. First target (based on the H&S), around EU20.500 is in between the 0.500 and the 0.618...
BTCUSD is currentliy in a correcitve move signaling by the lakc of interest upwards and missing volatility. The idea is to wait for the last supply zone to test before moving lower.
Bitcoin bulls are trying to be back and they might be able to push the price to $22000.
Yes, nobody knows what will happen tomorrow, but based on patterns we can safely assume that BTC has overheated. Enjoy the next few months fellas, it will be a ride, FOMO campaigns non-stop, don't get fooled, just play your day-trade, in and out, unless you are acquiring spot assets in which case HODL. If I were you, I would wait for BTC to re-test the 47,000...