Those who follow me for quite some time know that I am a frequent user of the Pitchfan method. On this study I present a very interesting approach using this tool that reveals how Bitcoin may trade in the next 4 months!
** The Pitchfan approach **
As you see on the chart I have applied the Pitchfan on the first Higher High and first Higher Low (September 2020)...
Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspective. Bitcoin the recent times moved into a precarious situation because it has developed with these strong bearish declines that should not be underestimated, it is not seldom seen that the market sets up to continue. Now Bitcoin is forming this decisive...
Chapter 7: "the Mighty 2.168: like a Rook in Chess"
"Impulse" is a surge that creates "Ripples", like a pebble into water.
Each of the Ripples has precise bounds defined by the "Golden Ratio".
Price will often ricochet, creating a "Ping" that one can almost HEAR.
The 2.618 is a Special ratio, 1.618 x 1.618, as the Golden Ratio Squared.
It is like a Rook in...
Don't see this playing out any other way than this, marked below are monthly support levels,
I expect this to last months, if not years,
Yes, I'm Bullish on Bitcoin , Yes it will reach higher levels in the future,
If you think people are loading up to buy in the $50,000 to $60,000 levels to take it higher,
You will learn about how the big players shake out the...
Welcome to this analysis about Bitcoin, we are looking at the 2-hour timeframe perspective. Since Bitcoin has shown up with heavy bearish declines it somewhat found some marginal support in the structure however did not yet manage to rally above, this shows relative bullish weakness. Besides that Bitcoin has now completed this head-and-shoulder-formation in...
Hello, Bitcoin holders❤️
Wanna present to You my new update!😊
This time I used Pitchfork tool😉
The technical indicator known as Andrews Pitchfork is not that well known and is rarely used by novice traders. However, it is a quick and easy way for traders to identify possible levels of support and resistance for an...
At the moment, looking in Daily timeframe, Bitcoin it's turn bearish in H12 timeframe, but if you look the smal timeframe like H4, it's turn bearish and we see an simetric triangle, but looking more in H12 timeframe, this candlestick it's a bearish signal. Right now, I will going to sell my altcoins and Bitcoin as I know htat if Bitcoin drop, Ethereum, Chainlink,...
Hey! Btc shows highly complex correction movement, which is not interesting to trade. ANyway price might open new Buy opportunity for mid-term.
On chart side you can see EW map, using Fib channel and wave-5 target I think best buy opportunity for mid term will be near 50-51K
I know it sounds bad but I only trust in my tools... the classical ones and the models.
Bad sign: Multiple divergence on the chart: RSI forming a descending triangle, volumn keeps going down since Jan, MACD shows bearish sign, and of course the 2h triangle we are forming.
Good sign: buyers showing strong power for BTC around 50k. One trillion market cap...
Rising wedge broke down with price now consolidating in a triangle.
This one has a bearish bias but with BTC you never know.
I currently closed my short, will be trading a breakout With a proper, valid retest.
Goodluck, a deep one may be coming.
As we can see, the price went down and reached the support line. This line starts on March 13th. Notice how the price has bounced off this line lately, this is a good sign for our idea today. You may have noticed how the price of bitcoin dropped over the weekend. I want to tell you that this reduction was technical. The market was very overbought, margin positions...
LOOKING FOR BTC TO TAKE OVER TO THE UPSIDE , IF WE BREAK THE TRIANGLE WITH ENOUGH MOMENTUM. DIRECTIONS CAN BE CHANGE TO A SELL ONLY IF WE BREAK BELOW THE VARIOUS LEVELS IF WE DONT I SEE A GOOD BUY OPPORTUNITY.
TRYING TO KEEP IT SIMPLE AND CLEAN.
AGAIN ALL KNOWLEDGE IS IN THE MIND I USE DIFFERENT CHARTS, DIFFRENT TIMEFRAMES AND A LOT MORE SECRETS BEHIND ALL THE...
Might be a bit hard to follow. Just stare at it a while and let me know your thoughts after analyzing. Left pane 2018 ATHs compared to where I think we are now in correlation. I think the ALTS peak is still to come if history repeats, but certainly doesn't have to.
These next 2-3 days will determine whether BITCOIN will... collapse, or continues higher. Momentum is close to flat on the weekly, and on the daily it is extremely bearish... hence our target @ 49k. As mentioned earlier, these next two to three days is key.
Happy Trading folks!
On the 30 minute Point & Figure chart BTCUSD has just broken below an important rising trendline.
This opens the door for an initial bear move down to the 44,000 area.
Break through is additional evidence of a developing bear market that could continue for months or even years.
This is video 19 in this series, I actually mislabeled the last video. The video you have been waiting for...
Up until now we have discovered some very important clues about what is ahead.
After looking at Litecoin something astonishing happened.
The true nature of the Bitcoin pattern revealed itself.
In this video I reveal what is going on right now...
❤️Please, support this idea with a like and comment!❤️
1️⃣ SILVER - Daily time frame
The market is approaching a major daily structure resistance.
Taking into consideration that we haven't seen a pullback for quite a while,
the market remains quite overbought.
+ the price formed a harmonic abcd pattern with a completion...
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.