As you can se here i have put both the high from past 2 weeks next to each other. We can see the moves are a bit similar as well. The waves and the shape it has right now.
The stop hunts on the left have become clear in hindsight, since we took a 1500/2000 point dive think there is no doubt about that assumption. Past days it looks a bit like we have seen a...
In general, short squeeze rallies are always temporarily. Why? Because they are forced and have no real foundation. For the ones who don't understand what a short squeeze rally is (or a long squeeze which is the opposite direction) it's quite simply:
Bitcoin dumped 1000/1500 points a week ago and was hanging around 7000. As we all know, there are a lot of traders...
Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the daily BTC chart, you can see that Bitcoin is testing the top side of a huge downtrend channel, which it has been trading in for over a year. To those who don't believe that this is a downtrend channel, I can quickly prove that it is, by showing the reactions that BTC has...
Another analysis and other possible patterns around the $8,000.
You should remember that the last Weekly candle close gave us a 66% probability, over a small sample size, that the price may go to the higher levels. This is our first tiny indications but we need some confirmations do be more secure about that because, as said, the sample size is tiny.
Recently I started mentioning that there are a lot of traders who draw a "Cup with Handle" pattern on Bitcoin. I hate to see it. In this idea, I will try to explain WHY there is NO Cup with Handle on Bitcoin chart, in details.
Straight out the gate, I want to remember you that a Cup with Handle is one of the most difficult and rarest patterns from all existing...
I posted this message 3/4 days ago in my public channel:
For the bigger picture, i think it would be best to see a lower high now. If that happens, it could turn into like a big bull flag (or cup and handle like some people like to use). To keep the V shape rally from 4K to 8.4 alive, we should see price hold above the 6000 (6200/6800). So seeing a good...
The 4H timeframe provides us two major zones where breakout signals will be able to confirm the direction of the further market movement.
We have the market conditions with the sideways movement at 8000.00 resistance level. The price tried to break it and continue the upward movement, but all these attempts failed. We can see SMA50 acting like the support line,...
During the last flat $BTC formed a native bearish wedge. Important thing: the resistance of this wedge was created much before the wedge was formed which makes level even more strong. Therefore, if the price tries to go upward (above $8350 - $8400 level) - it would face not only a bunch of strong horizontal resistance, but two ascending strong resistances as well....
So it was 1000 times announced BTC is going to fall to down.
To $5000 to $3000 or even to $1000.
This didn’t happen and won’t happen again.
This is one of the last times when you see BTC price as a four-digit number.
What is happening right now?
• The volume is down
• There are little demand and almost no supply
• The price isn’t...
Bitcoin (BTCUSD) is now trading below EMA10, which highly increases the potential for a drop here.
A closer look (Sharing Bitcoin's important support and resistance levels as promised):
Looking at the moving averages as indicators for support, a drop here can lead Bitcoin to test EMA50 sitting at $6177.
Bitcoin also has...
The Bitcoin monthly chart remains 100% bullish. So we will keep this analysis simple and quick... Follow me...
Bitcoin Monthly Chart
The chart for Bitcoin (BTCUSD) is 100% bullish. Green candle after green candle for the past four months.
Volume is still low, no significant increase on BitFinex, but this can be taken in more than one way. We can see it as...
Just be patient and keep your eye's off the charts for the short-term while you pick a color of your lambo. ;)
As the title says, history will repeat itself and make those haters suck it from the bottom :D
Again, if you want to be rich over night try a Casino but if you be patient it will pay you slowly.
After a nice bull run BTCUSD is likely to rest some and accumulate some orders.
We are expecting a sideways move, it is possible to short after the breakdown of 50 ema.
There is a bat pattern waiting for us to use a target and reverse
We try to respond your likes and comments with more analysis. Thank you.
BTC rejected from resistance yesterday, leading to consolidation remaining in this tightening range.
Break is imminent within the next 24 hours and how this 4 hour pattern breaks will have significant implications on how the daily range breaks.
Bulls need to show up this morning and shift the hourly trend to form a 4 hour higher low.
Currently still in an ETH...
We still see clear signs of a downtrend decline.
We assume a wedge-shaped end-of-growth model.
It is also possible the emergence of a clear divergence of prices and the MACD indicator.
In the next 2 weeks, we expect strong bearish sentiments to appear on the market!
We recommend closing all purchases when the price breaks through the level of 8300,...
The resistance zone at 8000.00 level holds the price. At the same time, the market forms a double top chart pattern which belongs to the reversal group of patterns. If it is confirmed, when the price breaks the local swing low between these tops, we will get the confirmed trend reversal signal.
Of course, it does not mean that the bullish trend, which we have...