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...
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,...
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....
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...
💎Technical Analysis Summary💎
-Bitcoin is saved by the last area of support and 200 Moving Average on 2D TF
-If BTC will continue to move higher in the coming days
-I expect a retest of the 20 Moving Average in this 2D time frame
-This short-term 20MA may act as resistance again as seen in the past
-The Bulls and Bears are differently in a tug of war...
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...
No matter how limited supply is there is no reason to be constant demand for BTC and with recent rally and popularity cryptocurrencies has reached maximum potential attention. There is a limited amount of people in world who can be interested in cryptocurrencies and it is almost reached. From now on total gambler will always decrease. The people who working on...
If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis!
Quick glance: As of now, Bitcoin has jumped back above the $32,000 mark. We are witnessing some slight consolidation in the 4hr time-frame.
In our previous analysis on BTCUSD, we had correctly...
Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions...
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...
In the 4 hour chart, above, we can see a clear Bull flag breaking bullish to complete a Head & Shoulders pattern that projects a rally to $36.6k. The 4hr 20MA crossing above the 4hr 50MA, and a break above resistance in the RSI.
In the daily chart, below, we can see a bullish engulfing bar signaling a turn around, a rally above the 20MA and a breakout of the...
i'm just posting a rough draft of the waves i've been counting since july 20th bottom - i'm going to post the full update when this local move finally puts in wave 5 of wave (1) on a higher degree.
not sure where that's going to be with all these expansions, but i'm not sleeping till we find that top & get my wave 2 pull back 💸
that wave 2 pullback is going to...
According to the historical cycle, we may see a final push up in September-December. If we break the highs, we'll see a strong parabolic move up to 100k (easily)
I remain neutral until we can get above the 42-44k zone. Great area for long entry (with a stop loss) to see how far we can push to end this bull cycle.
Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
BTCUSD current trading paterns are clearly pointing in the direction of a short
That is why I am bearish on the Symbol pair
And I think it will go down
Like and subscribe and comment my ideas if you like them!
This weekly-chart of BTC represents how previous rallies were followed by deeper corrections all the while comparing them with MACD. We'll notice some similar price movements, fake-outs and then breakouts.
(i) The cycle starts after making an ATH by a big and strong impulse during the bull market, subsequently there's always a major pullback, hence a Bear...
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.