What's on the bitcoin chart now?
Globally the price is still in consolidation, 70 days bitcoin has been trading in $30,000k - $40,000k range. Yesterday the price came up to the important key level of $34,700, started to squeeze, followed by a breakout and a sharp rise of 16%, just to the top level of that range. The price then rebounded and is now trading at...
Our updated Bitcoin chart shows momentum is building again.
Price had finally broken over the 'cursed resistance' as we expected and we took profit perfectly at the top .
Yesterday's post was also satisfied as the price did correct (after Amazon rumor denying the first amazon rumor). Read this post and see how we called exactly what happened before it...
Bitcoin BTC - What is next after the pump and dump
Dear friends
You see here the 12 hours chart of Bitcoin. This is therefore a medium term analysis. We see that after the pump and dump action that Bitcoin has dropped and is still in the trading range. This range is between the gray zones from 28800 to 42000 USD.
How do we proceed in this range is the big...
Here's the P&F chart update for Bitcoin after the Amazon FUD.
We have a reversal bar to the downside which is bearish, but in order not to become overly bearish, i'm also counting for a possible reversal to the upside for the next column. Ofcourse we should expect a reaction in these reversal bars. In fact the current reversal could be the reaction itself.
30k...
BTC showing great signs of buy-back volume, expecting a bounce from our current range. Laddering orders all the way down to $35600 in case we get one final order filling dip.
ENTRY: 37000 - 37300
OTE: 36271
TARGETS
Short Term:38000 - 38800 - 39800
Mid Term: 41000 - 42500 - 45000
Long Term: 50200
STOP LOSS: 33346
420 Investments back again with a macro analysis of the implications of Covid19, The Rise of Bitcoin and the falling dollar.
Btc has been Ranging for a total of 69 days So far.
We had a nice fake break down on the weekly time frame before quickly reclaiming it the following week, which we then launched off that close.
We Can see that BTC is indeed in...
A bearish hidden divergence (lower highs on the price and higher highs on RSI) on the daily (green lines) right at the 100 and 200 EMAs.
*Hidden divergence is a trend continuation pattern (bearish in this case) and is more powerful than a classic divergence.
Hello trading friends,
There is nothing huge to worry about it, as the whale trend still holds the green option.
Bitcoin is getting ready for 40k also with this small Downtrend.
The trend holds still into uptrend as zone uptrend did hit before, and whale effect at huge % shows still increase trend. this could change if we break down more.
Small whale trend...
Hello, traders!
As you know, the knowledge of a coin be overbought or oversold can be very profitable for any trader. That's why it's very important to identify these states. Moreover, the indicator that help us has already been invented. Well, today we'll speak aboout Money Flow Index.
The Money Flow Index (MFI) is a technical oscillator that uses price and...
Hello trading friends,
There is a signal on the ETN tool that shows when BTC break the zone of 38300 that we can get a whale breakout to 39k+ and a possible trend to 40k+
So for this reason, we hold this important zone active.
Trade safe and manage your risk, this could be the zone for a new increase trend.
And as we did add before there is no reason to sell BTC...
Hello trading friends,
As we did add before in our before targets that here below that 37K could be an important target for 38K + and this means a new uptrend into BTC
As we know every step we come into targets we should confirm them with trend line...
Trading requires focus. It is crucial for traders to know exactly what to do to control their emotions while trading. It is also important to know when to accept a loss and move on.
Here are 10 tips from the pros to manage your emotions while trading:
1) Manage your stops carefully. A cautious approach to stops and limits will keep you from making rash...
I didn't post sooner because prices were going exactly as the previous chart predicted.
Now support and resistance areas are a bit different.
The resistance is still strong. That's why the price is consolidating. Support is weaker than it used to be tho, I'd be careful with this market.
We might break down to the previous support so watch your long...
if this move is meant to follow through to the upside, then this local golden zone has to be respected.
buy: 33k
sell: 55k
break below the local golden zone... and we will see new lows most likely - or its another trap to raid all of the stops beneath the midline of our bigger bullish fib channel.
if this is indeed a 1-2 here, then we will see a strong...
Hello trading friends,
we have uploaded before more updates - that was more examples ideas, and this is the first update we will update about the main target since the last 4H
Bitcoin is since 38K into breakdown trend its had done the confirmation + time frame. so we are into a breakdown trend, when we have a new uptrend target we will update. so the main trend...
Bitcoin had a great rally the last couple days.
bitcoin transactions spiked from 160,000 to over 260,000 which is great. Last couple times we had this same pattern, it would immediately drop. There were 2 other times. This is the 3rd. This is either starting a new AB wave, or we can have 1 more drop down. and then a corrective wave.
Bitcoin meets...
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Have a nice day.
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(BTCUSDT 1W Chart)
If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.
In particular, if the price...
Back in June 21st, I shared this idea on the similarities between accumulation and distribution and possible failure points.
There were two points of possible failure. We have just passed the first one, however there's still a chance for a breakdown. Don't forget, we have not yet...
BINANCE
