There is a lower high established off of 45K while at the same time, price is not breaking 40K. The current candle generated a sell signal which has quickly failed. This is a potential higher low scenario, which is one of the swing trade long scenarios that I have been describing recently.
IF 44K is broken, a new long signal will be in effect. The risk from this...
Trend reversal or correction chart patterns announce a reversal of the current trend on the observed chart. The output of the figure is made, theoretically, in the opposite direction to the movement that precedes the formation of the pattern. In an uptrend, a reversal pattern indicates a bearish move. On the contrary, in a downtrend, it announces an upward...
Welcome to this analysis about Bitcoin and the 2-day timeframe perspectives. In recent times there evolved significant changes in the cryptocurrency space, there is a lot going on and highly mixed developments from a fundamental viewpoint. From a technological view, Bitcoin is moving forward and making progress in different fields such as Twitter...
Hello, friends!quick update on BTC price movement😉
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There is no point in closing a position, when you see a candle of the wrong color you...
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This idea is based on the belief that the 2019 to March 2020 harmonic is repeating. We can draw two similar proportioned harmonics to the current price action that gives different paths.
This is a follow up to an old idea that so far has held.
One justification for a drop to 11k is the held belief that the current bull cycle is longer and shallower than the...
Hello dear friends,
A new update on the 12 hours chart for Bitcoin (BTCUSD).
We can see here that Bitcoin has broken the neckline of the HS formation and is on its way to the target of 36000 USD. Currently, the price can rise to the upper trend line of the bearflag. However, I expect resistance at the upper trend line of the bullish rising wedge after which BTC...
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Bitcoin price rises above $44,000 after bulls defended support at $40,000 all weekend long.
Bulls have eyes glued on the supply zone at $48,000, but first, the 200-day and the 50-day barriers must come down.
Bitcoin remained stable above $40,000 throughout the weekend. Buyers managed to lift the largest cryptocurrency above $42,000 and closed the gap to...
At the moment, you can also see the counter-trend on the hourly timeframe on the chart. It went as well as on altcoins. I expect more rollbacks to support levels. Be careful soon.
Do you agree?)
To share awareness for the beauty and history of our art of Technical Analysis of financial markets, in this educational post, I look at the six fundamental principles of Dow Theory, applied to Bitcoin and its current macro/local trends.
Dow Theory Principles;
1. Markets Discount Everything
2. The Market has 3 Trends
his publication is not financial or trading advice :) I am an internet cat meme not your financial advisor :)
Drawing because I am bored :)
Publication for future historical reference ...
never invest in a way that would keep you up at night ...
"sideways price action is bullish price action "
Starting to feel like this cycle bull run has not...
So, our last setup works more or less properly and now it seems that BTC shows nice upward action. Still, we have some reasons to suggest that downside action is not over yet and warn you about few scenarios that might appear here.
At the same time whatever we get it - it doesn't hurt our long-term scenario which is bullish with 74.5K target...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
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.