Welcome to this analysis about Bitcoin and the weekly timeframe perspectives. In recent times Bitcoin is still holding above the 40.000 USD which is initially a good sign however there are also still strong resistances above in the structure and in case Bitcoin pulls back from these this can lead to a move below the important psychological level of...
Chart patterns describe distinct structures in financial time series. Their occurrence helps technical analysts predict future price variations.
Triangle patterns form a part of the most studied patterns by technical analysts and have been well documented over the years, with some even applied to climate time-series data (1). In this post, we perform an analysis...
💎Technical Analysis Summary💎
-Bitcoin defending the Fib 0.5 level or 40k dollar zone
-The price bounce up by almost 12% today which is a good sign
-We can see many altcoins are also finding their new support area
-This could be a good positive view in the coming days
-Bitcoin is about to retest its previous support of around 44k-47k dollars
-If we can...
The Moving Average (MA) is a simple technical analysis tool that smooths price data, creating a constantly updated average price. The average value is taken for a certain period, for example, 10 days, 20 minutes, 30 weeks, or any time chosen by the trader. There are advantages to using a moving average in your trading, as...
As bears getting burned, next main resistance is the 200D SMA at 46k. Reclaiming of BTC for the 200 daily SMA is important for Alts market, and for the overall trend.
Expect resistance at that level today, before Bitcoin goes through it very likely not today though.
Bitcoin is completed or has completed its final correction wave.
Volume profile shows $36,000 - $40,000 as a strong support cluster as much demand was filled at these levels before.
On-chain data shows signs of accumulation as exchange reserves are at all time lows.
Expecting to see a bounce from here. If leverage & greed continues to increase, expect nasty...
Bitcoin - Intraday - We look to Sell at 44955 (stop at 45834)
Short term bias has turned negative.
Previous support at 45000 now becomes resistance.
50 4hour EMA is at 45000.
50 1day EMA is at 45300.
We look for a temporary move higher.
Our profit targets will be 42555 and 42055
Resistance: 44500 / 45000 / 45800
Support: 43000 / 42500 / 42000
The price has broken the control points of the side support and is now trading at the lower border. I expect a small pullback, and after trading in the 44000-47000 zone. Next week is going to be green!
Do you agree?)
In light of the unexpected correction that occurred Sunday through Tuesday this week, and the strong rebound since, I thought it important to take another macro look at this in the context of the Wyckoff Method for interpreting the price action.
What we can see since the low of June 22 are clear correspondences to re-occurring distribution and accumulation phases...
So BTC has shown nice reaction on our H&S pattern, showing another collapse down, barely has not reached major 38K support that was an our target. Currently we have to say that 38 still "IS" our target. Despite that we have nice upward bounce, we treat chances for V-shape reversal now and direct upward continuation as "low".
There are few...
Every cycle finds a local top from the 1.618 log previous cycle based fib and capitulates afterwards. That marks the top of the range.
Every cycle finds a local bottom at the 0.5 log cycle based fib. That marks the bottom of the range.
2013 & 2017 Show reversals at the same milestones: These milestones being the 1.618, 0.5 log cycle based fib, July reversal,...
Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability).
What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches...
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Our educational crypto trading group is focused on learning trading through actual trade repetition. Learn enTHUZed’s quick and easy Strength Trading system using simple chart indicators to “short the Rips and long the Dips”! We cover these major spot trading pairs regularly: BTC, DOGE, DOT, EOS, ETH, LTC, XLM, & XRP,...
Who said history doesn't repeat itself and fractals are not something to count on in trading? My most recent Bitcoin Fractal Analysis on the similarities of the August rebound to that of March-April has played out almost perfectly:
If the (j) leg has...
This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew significantly within a short period of time making the BTC/USD pair quite popular among active traders and investors. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.