Yes, I'm bullish Bitcoin in the long run, but in my opinion, sometimes, in the near future, a deep correction will happen, and the road "to the Monn" will not be a straight line.
I have 2 main reasons when I say that bulls lost their power:
1. The ATHs are anemics
2. The trend line and horizontal support are touched too many times , are too obvious, and to make...
In yesterday's comment, I said that bulls don't have power and I expect a deep correction. This seems to have started with last night's strong fall.
Now bitcoin is in a normal rebound which can give speculators a good opportunity for short selling.
As from the chart, we can see that btcusd broke the ascending trendline of the rising wedge and the horizontal...
Ok lets take look at daily chart cause all targets of lower time frames reached :
1.Start of fall from ATH that was expected and we talked about reasons :
2.then after that market provide some range and start to rise again we talked about weakness and falling...
Taking into account the hot situation on the market, it is high time to resume the "Bitcoin weekend" section №14 and share our thoughts concerning the situation on the market.
Bitcoin has been growing on average volumes for almost a month. And last week, the market asked for a correction to cool the crazy growth. Only the news impulse was lacking to trigger...
Hello All, #Ramadan Mubarak 🌙
Previously we post one chart for a month and below it we posting all updates, we did that with Mar , and April also, but looks this chart should be posted alone.
all of us saw this dump from $65K and if you read updates below this chart, this dump is do not surprised you, and if you did well and followed the last signals you...
Welcome to this analysis about Bitcoin, we are looking at the 6-hour timeframe perspectives. In the last 24 hours massive long-liquidations have taken place in Bitcoin, it was the highest volume of liquidations seen so far in 2021 and it was great for us in the VIP channel to enter rightly on the short-side before these heavy bearish volatilities have shown...
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BTC / USD
1– What happened ...
Btc after losing trend support 58500$ in my previous analysis ,price dropped hard to major support around 50k zone
The drop was very strong.. touched 51k and rebounced fast to become above 55k local Suppport again ..some bad news played out for this to happen
And more than 5 billions dollar liqudation in 1 hour
2– What next ?...
Doesn't look bullish. Now at support of the gann fan line. Broke back into the range, retested 60.8k resistance and was rejected. The deviation over the 60k resistance is technically a fakeout over key level or a UTAD of a Wykoff distribution range. Further downside is now possible.
I hope your weekend is as fruitful and useful as possible!
As we can see, the support line and the resistance zone play a major role in today's idea. Notice how the price bounces off the support line. This is a good sign for today's idea.
Today I expect the price to bounce off the support line again. This will be a significant rise in prices. I...
sometimes you have to look at things differently to find what you're looking for
so, this is an inverted chart of BTC of Coinbase. I've used 0.5 from the fib retracement tool just to get a clean cut on the wick
having fun, I thought I would treat the action since listing as a corrective wave
the fib retracement on A hit 0.854 which would classify this as a...
☑️BTC_USD had a massive bull run in 2020 and this uptrend Continued in 2021
Now, the King of crypto is trading in a bearish rising wedge pattern
Which makes me believe that while BTC might trade in this pattern for a little longer
When we see a breakout downwards, Bitcoin will fall to the closest support
By almost 40% to...
BTCUSD is in a strong divergance. Watch for sharp breakdown and price to visit the 30k mark.
If price do not fall sharp then bounce off hard from trend and visit the 75k target.
Price is struggling to push more higher and BTCUSD is setting up for a deeper correction so if you are buying BTCUSD at such higher price levels then make sure you manage...
The price for BTCUSD is clearly still in a strong uptrend.
However, we need to take note of the
bearish rising wedge pattern.
$50000 is a level of decent support. followed by $45000.
We want to see the price closing below the
pattern as the confirmation for more downside.
If not the price can still bounce at the support level!
Tuesday morning if your diamond hands are strong.
ALTS will dump HARD.
The DOGE coin noobs will be heart broken, or will believe that the correction they'll see next week will be quick and HODL a worthless crypto.
Time will tell the tale. Hold the line troops.
Not financial advise. Looking at a possible bounce off this channel that's been going since December. However, currently I would wait to see how today's candle plays out. Right now, the big red bar could indicate further drop, and any drop below the channel will definitely indicate further decline to possible 44k range possibly. But hoping this sticks, and it can...
BTC just sold off sharply after news of possible bank regulation. This is the sell off I've been waiting for as I'm looking to add to my core position. Personally I'm not worried about the potential for government regulation as I believe BTC has become too wide spread for anything to touch it now. Literally all the governments around the world would have to ban...
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.