BTC weekly candle to close between £31K - £25.7K. If bulls do not provide enough momentum to break the new resistance level at £31K. Bears will attempt to bring the price action further down again to the next level of support at: £21K.
Retesting £21K will mean bearish for BTC due to the fact higher highs & higher lows trend pattern being broke.
Momentum on the weekly and daily EMA's has recently crossed over signalling an overall bearish sentiment towards BTC over the next few weeks. There has been clear series of lower highs and lower lows and price now appears to be falling towards previously established support located within the 20-23k price range.
The 20k whole number psychological level also...
Triangle pattern has formed on the 30m & 1hr timeframe, expecting a breakout to the low side (following the current trend.) I have set my buy points at $31,000 & $30,500 but if you really want to push it price may hit the September support ($30,200 - $29,600) and that would also be a brilliant buy but a push.
After the price drops more i expect to see an...
Tell me if im wrong but the market is repeating the april 2021 drop,
The april 2021 drop of 25000 lasted 96days in total before bouncing up and making all time highs in November 2021 now since November as you could expect the price has been dropping by a substantial amount (16000+ to be more specific). Comparing the time taken and the amount dropped in both drops...
I know this is a long shot and a pure speculation but is anyone else noticing a cypher pattern forming inside the ascending triangle. It’s a bit of a long shot, price falling back around 20k but I think we might be falling into a bullish few weeks or even months.
Please let me know your ideas on the current market conditions as this is just one of my many ideas....
The big deep for Bitcoin is coming....
This Christmas and the new year will probably bring us one of the lowest points we have seen from BTC for a while!
Bitcoin is getting ready reach new heights... £60.000 by July 2022!!
After a correction at the end of 2021 start 2022 Crypto will rise again.
See you at the other end! :)
xx
Same as USD. Just have to stick to targeting previous violent reaction areas (PVRs). All a PVR is is a previous accumulation or distribution area where there was a large move.
Will have to see if there is enough demand in any of these areas for a counter-trend set up. As usual I hope price continues to drop... the lower the better. Cheaper prices are good for...
Bitcoin has hit the 50 day MA today after $900 million has been liquidated. This has caused bitcoin to start forming a second shoulder in a head and shoulders pattern on the 1 day chart. At the time of writing bitcoin is $49,000, following the head and shoulders pattern bitcoin could see $55,000 before further plummeting to $40,000. However, if bitcoin rebounds...
Just a quick analysis on BTC.
BTC is forming a second head and shoulders pattern. as we saw last time it dropped dramatically and if it continues to form the second shoulder it will fall by 36%. however, as lots of people are now holding BTC in cold wallets which removes liquidity I doubt the bears will be able to push the price down 36%.
I have seen similar...
80k seems like a decent target for the next step up! Due to an increase of energy costs and covid cases spiking up in a lot of countries november will take us to that target in my opinion Btc price is holding on to a strong trendline! Taproot upgrade coming up for Bitcoin network!
After a week of action, we are in the zig-zag zone - GBP44k for the Bears, and GBP 46k for the Bulls. I see a lot of chop-chop action ahead. Could be a good buying point for longer-term HODLers. New BTC news is unlikely for a while - but this is crypto so you never know
