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Bitcoins flashcrash on January 11th 2021 was a 31% drop, the current one is the same length, if it holds at the current support level and maintains the 4 hour EMA then retracing the same path, extended into the future puts it at the current price in the next couple of weeks, before a push towards the £50,000 mark at the start of April just before the new tax...
Since the ATH on 21 February BTC dropped to a low of £31,112 on 28 February. After another rise (green dotted line) it reached £37,812, testing the downward trend's 0.618 Fibonacci level before forming a downward channel and testing the rises' own 0.618 level. Will it now break the rises' 0.618 level and continue the downward trend (red arrows) or will the rise...
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Here you can see the last time the price action plummeted to the 21MA on the daily chart. That was the start of a descending triangle pattern. I am watching for the price to hold above the 21 MA, if not then some further downside is on the cards. Structure needs to hold the recent lows of £34-35k or we could see a drop to major support / previous resistance /...
This chart will help you find a perfect entry trade. Short-term only.
Based on my prediction of a few hours ago.
As one can see during this phase of the bullrun (16 Dec - 20 Jan) BTC used the 2/1 line as effective support bouncing off the upward 1/1 line at its ATH, until breaching the 2/1 on the 20th, finding support on the downward 1/1 line. BTC has managed to get a leg up and find support on the upward 3/1 line, however it is looking weak and will now find further...
Full Bitcoin Short & Long Term Analysis - Smart Money
I'm holding until this area in the large BTC triangle, when things might make a move. But which way. Lets pray moon, but will get out if opposite. This could be a substantial movement?
Possible Inverted head and shoulder pattern on 1hr candle
Up or down next? Bulls at the ready...!
The recent fib circles and trend lines / shapes very closely match the shape of those in the 2017 pump. Are we due for a pump to over 20k again soon?
My view on where I think BTC will hover for a while. Hoping we can expect another pump mid January!
Think this needs a breather for few hours and then will resume the uptrend