China bans the use of digital currencies to buy real-world goods and services to curtail video-game currencies subverting the yuan.
Banks banned from Bitcoin
People’s Bank of China and the IT ministry orders banks not to be a part of Bitcoin transactions. But, interestingly...
Bitcoin is on the back foot again, suffering significant losses following the new round of China bans on crypto trading. Although the market has faced (successfully) this threat before (even recently) and is not something unfamiliar, traders need to consider mostly the psychological effect this may have to weak hands.
Technically though there are two clear...
As this is a Point&Figure chart, I'll have to provide updates manually as TradingView currently doesn't support the 'play' feature for them.
Noticed something interesting supporting the Bullish case for the previous Fractal/Bear Trap idea:
I'm assuming that May was the top, but that doesn't have to be the case.
October through December have been very bullish months for Bitcoin, and in fact the most bullish months. It's possible we see a new top coming by December, but even if that's the case, then if history repeats itself, we should see 35-40 months before new highs. In either case, we should see...
Greetings, dear friend!😊
Nothing new on the chart, but fresh meme must be added on my chart!😘
If You are boring with Your trading, then you're trading rightly.🤫
If you have the discipline of trading, then most likely it's boring. You spend most of your time waiting for a deal, doing nothing. Learn to use and even enjoy...
This is an update/upgrade of an idea from 2019 and 2020.
Conceptionally it stayed the same but Hash Ribbon indicator , which serves pretty reliable buy/sell signals, has been added and extended a possible ATH in December 2025. A rough estimation of the halving event is now included, too.
Please be aware of the logarithmical scale. Due to the fact that it is...
-Bitcoin has been struggling to climb back to the top again after the recent cool-down
-We been bullish on this boy however after failing multiple times to climb, we are starting to get a bearish sentiment on BTC
-We are also getting closer and closer to the Tapering (expected by the end of this year), which means an increase in value of dollar. Dollar's victory...
Fairly simple here. I made a fib channel with weekly candle closes over the last 6 years. You'll notice I pretty much ignore wicks and daily candle closes most of the time. That's because weekly candle closes are so much more important.
Anyways. I think we are repeating the box in the middle right now. I have 3 color coded fractals that I'm considering as a...
So i'm going to get a lot of hate for this... but screw it. It's something I am considering. It's 100% based on real technical analysis too.
First off. Bearish divergence. What is bearish divergence? Bearish divergence is when price goes higher and an oscillator does not go higher.
Look at 1,2,3 in the picture. 1 is the highest. 2 is...
We are currently seeing a possible repeat of the previous Wycoff distribution event. I am targeting at least $33,800. Invalidation if we break above $45,200. Worst case scenerio we breakdown to the previous ATH at $25k
Just wanted to pop in with a quick update.
0.618 fib is the area of interest for me (golden pocket) which could end up printing a lower high and continue the downtrend (the high being the area we rejected from, which is the retest of the broken uptrend) or stops get front ran causing liquidations it just depends on what whales end up doing.
The colored horizontal dotted lines are the F&G, with Green being Fear & Extreme Fear. Thin white active line is price action.
I am keeping a close eye on the price action since this is a sketch looking spot (currently).
Will update more with images later.
As of today, the Chinese central bank has announced that all crypto transactions are deemed illegal.
Investors who have been in the crypto space for a while know that once in a while China announces that they are banning crypto (again). This FUD comes in once in a while and often sends the market down, but fails to make a lasting impact on the market.
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