BTC has been stuck in a range for 3 months. The more the range boundaries are tested, the weaker it becomes.
But the question is => Which way is it going to break?
Scenario 1: Bullish Reversal
In this case, we will need a momentum Daily candle close above the 41k to confirm it, then we will be looking for buy setups on its retest.
Scenario 2: Bearish...
The title really says it all by itself. It is the first time that Bitcoin makes contact with the 1D MA50 (blue trend-line) since May 12, which was the start of the very aggressive 1 week sell-off that dived below 30k.
What is critical now is whether or not the price can close a 1D candle above the MA50, as so far yesterday's candle failed to do so. A closing...
Welcome to this analysis about Bitcoin, we are looking at the 6-hour timeframe perspectives. Recently Bitcoin has shown up with bullish volatility to the upside from the 29500 support as expected and now began to form the 12345 impulse-wave as expected, if you did not see the analysis already where I mentioned this elliot-wave-developments and the...
Hello trading friends,
Here at the important zone, 33850+ seems there is still no confirmation of the volume power line, which could mean bitcoin could break down into a new price target of 31900 USD.
also with this weekend and the new weekly chart trend.
we will follow the trend to see or this will get confirmed.
There is more % chance that we could get a...
We expected prices to increase based on some pretty basic signals looking at the 4h timeframe for BTCUSD... This moved took place ( see it here ).
What happens next with Bitcoin?
Let's have a quick look at the daily timeframe but once more keeping it simple... Simple is best.
Bitcoin daily managed to close 'yesterdays' candle (23-June) above EMA10 and EMA21,...
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BTC is currently performing a low volume breakout. If last time you missed an opportunity to buy in a dip, here’s my own idea of what’s going to happen in the next two weeks. At a pumping price, it almost never makes sense to buy.
We can’t ignore the fact that the price is forming maybe up to a multi thousand gap between the CME price this...
I'm still not convinced that Bitcoin out of the bear trend until we reach the level above 42K. It also appears to me that bitcoin is following exactly the distribution of Wyckoff chart. miro.medium.com
When we compare the bitcoin price action with the chart, obviously we are in final part of phase D of the distribution....
It didn't go exactly textbook schematics but it has its key points. Interesting to see some shakeouts in the coming days to test the validity of the bull. Let's enjoy the ride. I personally will buy the dip in 32900 and 31500 if there is any in coming week
This week’s big event was the B word convention that had as main headliner a talk between Elon Musk –Tesla, SpaceX CEO, Jack Dorsey – Twitter, Square CEO and Cathie Wood – Ark Invest CEO. The trio talked about the present and future of Bitcoin and in general about the crypto space. Musk continued to show his support for the top digital currency. The Tesla CEO...
So far Bitcoin has had a good couple of days and I see lots of people in real life as well online starting to get bullish and looking at putting on some big bets and so far I don't see the justification for that enthusiasm. I will link some ideas that make the macro bearish case to keep this post from ballooning even more.
The bollinger bands can...
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Short and long-term perspectives
Personally, since the RSI and the KDJ are already on a very high level, I expect a further downtrend if around the shown resistance line, sooner by closing under it or later by going down around this area, if its the 2. way, I would go short when the shown line is broken from above (closing) under it...
". There is a possibility of temporary retracement to the suggested support line (32877.1).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. BTCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
●●● 𝙎𝙞𝙣𝙜𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜 (SZ or ZZ)
● A zigzag always subdivides into three waves.
● Wave A always subdivides into an impulse or leading diagonal .
● Wave C always subdivides into an impulse or ending diagonal .
● Wave B always subdivides into a zigzag, flat , triangle or combination thereof .
● Wave ...
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