In previous bull markets, Bitcoin has been having 30% to 40% corrections every 180 to 240 days. We have already had almost 200 days since the last deep correction in March, and so far we've had only 20% corrections. This gives us a higher probability of a deeper correction in the near future.
A lot of people are speculating that BTC will fill the CME gap at...
With a bearish engulfing candle forming after the false breakout. Very heavy bearish divergence. Break down of triangle should send price down to the bottom of the channel. The measured move of the triangle breakdown is 12.2k.
Hello traders! What a crazy weekend for Bitcoin. After a 50M buy in from the company, Square, we have seen a small rally to the upside. A lot of shorts were liquidated along the way, but that shouldn't stop the bears from taking new positions. Let's take a clear look at the TWO CME Gaps on our timeline currently.
1. We are seeing a clear attempt by...
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my...
Bitcoin loves it's macro fractals. This suggest we're nearing cheap BTC before the next major mark up from the invisible hand.
Watch the 0.382%.
Watch the weekly 20MA.
Google the pattern name to learn more.
Sentiment is still slightly bearish, the shorts are still in majority on bitmex, so another move to the upside is very probable. But overall, that recent choppy structure looks very corrective and after we make new high, I am expecting a big rejection and I think that trend will change once again and we will see big 3-wave move to the downside, somewhere below 9k.
Potential Bull Flag waiting to play out on the BTC
Expecting overall decline in volume to continue
until bottom of flag is tapped again and the
CME Gap (green circle) is filled
1M candle printing out an attractive inverted
hammer for August to add conviction to my
This implies we continue upward
after filling the gap and buyers...
BTC looking very strong on the weekly, although will it repeat the same pattern as July this year? Having broken two year weekly resistance levels Bitcoin is clearly heading up, how long will it take is the question.