This weekly chart is showing that since September 11/23 Bitcoin has been on a real Tear advancing approximately 65% in 3.5 Months and during that time it traded well above the 7 day EMA. Last Friday however it broke the plane and today's candle shows a clear break back below the 7 day EMA. There is not a lot of support though along the way to prop it up and as the...
Where i think bitcoin will move before the next bull run, i could be wrong cause nothing is ever really written in stone in this business, we will have to wait and see if the bearish moves keep on....
Bitcoin Analysis: Hourly chart.
The Bitcoin has been displaying a robust uptrend, marked by a bounce off the 38.2% Fibonacci retracement of the previous leg and a well-defined upward trendline.
Bitcoin is currently in a clear uptrend, characterized by higher highs and higher lows. This bullish trajectory has been reinforced by a bounce off the 38.2% Fibonacci...
Hello traders, I want to share my opinion with you!
Please, find my technical outlook for BTCUSD below:
The price is coiling around a solid key level - 41761
My goal is 40200
Thank you for your support!
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Well, according to the previous analysis, we saw a downward fake failure in the chart, which we could recognize as a fake failure using the indicators. Now it's back...
Im a newbie, trying to learn
I think of bearish cypher because btc completed an impulsive move with 5 waves from 39.5k towards 42.2 and now it's time from a correction ending at 41.2k
BTC broke out above the up trending channel and formed a bull flag on the weekly timeframe. Over the next several weeks I could see a push to 58k. Especially if everyone gets bearish and forgets this is Bitcoin.
DISCLAIMER
My thoughts are outlined within the chart itself, and they are just my thoughts and opinions based on the technical analysis that I see. I am in NO WAY a professional in the trading of any crypto currency, so ffs, DO YOUR OWN RESEARCH! :) :)
COINBASE:BTCUSD
NASDAQ:COIN
NASDAQ:MARA
NASDAQ:RIOT
NASDAQ:HUT
NASDAQ:IBIT
AMEX:GBTC ...
What a nice price action it is. Btc went up from around 15k, just when all the crypto influencers, noobs and delusional moonboys were sure it would go lower to 10k. It drove up exactly to the last high to liquidate in. And that combined with the etf hype. Procures everybody thinks this is such a good thing for btc. It might be, but definitely not for the price....
CRYPTOCAP:BTC #Bitcoin broke out of the descending wedge and is currently at the critical $41,800 resistance. The oscillators are turning up, meaning there is further upside to come in the near term.
Here are the near term targets.
$43,000 (50 DMA)
$45,000
$48,000
I have a small position in $MARA.
there's a break of structure on the higher timeframe
this indicating that we could have
a bullish push at least to the next daily structure
i have indicated a break and retest of last higher tf pullback
Coming into a violotile 2 months of price action for BTC. We are under weekly/monthly consolidation. The final direction is unknown but +-20% swings coming up. Long Scalps for big profits coming up
Price has created a Daily Swing High to Swing Low, everything in-between is a retracement before encountering a continuation. Price is currently at the levels to begin the Bearish continuation. Remember, Price is currently respecting Weekly Highs.
_SnipeGoat_
_TheeCandleReadingGURU_
My current insights on the BITSTAMP:BTCUSD market:
The 0.618 Fib is once again acting as support, signaling strength from the bulls. A short squeeze might happen soon, as it aligns with 'max pain' scenario.
If this support level doesn't hold, we might see a dip towards FWB:36K , marked as the 0.786 Fib.
Weekly chart suggests this possibility, although i'm...
Successful Bitcoin trading involves buying low and selling high. Unlike investing, which involves holding Bitcoin for the long run, trading involves trying to predict price movements by studying the industry as a whole and price graphs in particular.
People use two main methods to analyze Bitcoin’s price – fundamental analysis and technical analysis. Successful...
