Bitcoin has been up for 5 consecutive months. This has only happened 4 other times since 2012: 1. Mar-Sep 2012 7 up months 2. Nov 2012 - Apr 2013 6 up months 3. Apr - Aug 2017 5 up months 4. Feb - Jun 2019 5 up months So it is unusual in the last 12 years that Bitcoin has been up 5 consecutive months It begs the question was Jan the end of the...
Nailed the pivot. COINBASE:BTCUSD If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Looks like it could go sideway from here. This would be an ideal turn up area. Breaking below 41846 I would like to see a...
In my previous Bitcoin analysis, I argued that, in my opinion, the correction for BITSTAMP:BTCUSD was not yet over, and we could potentially witness a drop to the 36k zone. Since then, the price dipped below the 40k zone and rebounded back to almost 44k. However, this rebound exhibits a corrective structure, resembling a bearish flag, suggesting that a new...
I think that bitcoin is going for lower side of the channel
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We are coming to a very interesting point in the life of bitcoin. For starters, we are reaching the top of the dome. Second, all of the heavy weights in the stock market have hit or about to hit the 4.236 fib extension for the first time for like 100 years lol. Third, the fed will be lowering rates this year which usually indicates a crash shortly after. Many...
Based on the chart analysis, We are still in wave 3 cycle, not yet complete as we have just/ about to complete wave 4 of wave 3 we still need to complete wave 5 cycle before we can confirm that wave 3 is complete. $50000 is next. and so on..
according to dxy and tether dominance I think its the best style of counting waves of bitcoin and it takes a year to break 200k.
Every zig zag is consisted of a 535 move. Motive/corrective/motive. This would be one of the patterns btc takes on it's road to commence the second sequence of 5 waves up. Currently it seems to me that B flat is printing. Green area if deeper retracement.
The price of Bitcoin has historically exhibited an upward trend following each halving event. This phenomenon stems from a combination of factors, including a reduced supply of newly minted bitcoins, increased demand driven by scarcity, positive market sentiment surrounding the halving, and speculative buying fueled by anticipation of future price...
I have observed the emergence of a potential Double Bottom pattern materializing on the 30-minute candlestick chart. This pattern is indicative of a reversal trend, suggesting that after a period of consolidation, the Bitcoin market is poised to breach the critical resistance level around the 48,000 region. Analyzing the chart, we note the significance of the...
Ladies and gentlemen readers this will be the fastest trading post of your life. BTC in range, FTX related news can sell weak hands only in the first 24 hours. GBTC holders are still losing in trading volume to other ETF issuers. But there are targets, these targets are due to the overheated market, the only question is whether we will see this correction now...
When in doubt, zoom out. The weekly chart is still looking good to me, with last week's huge hammer candle into support and a bit of follow through to the upside this week. We will need to see how the candle closes. Nothing here looks particularly bad, so I continue to think that low time frames are choppy and that we are generally looking good.
Bitcoin decline rapidly from 43700 to 42000- red square, now coming back up to retest resistance. Decline was rapid drop with big red candles and coming back up is consist of small random candles. Price closes below support 15 ma. Sell to test bottom bolinger on 1hr 41650. Stop above recent high. Let’s see what next.
Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is a Nasdaq indicator announcement today at 10:30. There is pressure on the MACD deadcross on the 12-hour...
Hello Traders, Base on technical and wave analysis we see this scenario for #BitCoinfor next move. 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.
Bitcoin has been doing nothing but trading sideways, but the rejection of the 50% Fibonacci is still in play. My overall outlook is still bearish, with the price going to 39.3K/38.5K. There's still a chance to go back up to fill the daily bearish FVG, but in the end, the final destination is the same.
Another alteration of former series of structures which I highly recommend considering to look at in my previous btc-related ideas. The steepest Fib Channels source and reason why are they are spaced apart relatively far: The trendlines people draw in TA is replaced with curves in Fractal Analysis. Since a line is odd to natural formations, it has no value in...