Bitcoin has reached its 50% retracement of the move we saw in 2022 and the new high has been accompanied by a divergence of the daily RSI. This suggests a loss of upside momentum at this key level of resistance and some likely near-term consolidation. The 55-day ma around 28000 is likely to act as near-term support. Longer term we do have some double Fibonacci...
“A bear market starts with greed, followed by confusion, sells on fear and ends with hopelessness” - By me!
'Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." - John Templeton
Apply this bear to bull transition with good market sense because some of the bears went into hibernation, not able to wake up at all, for...
BTCUSD
Hello traders, welcome back to another market brekdown.
In this video I breakdown Bitcoin's chart and share few of the tools in price actions that I use to gives me hints on major moves before they happen.
Make sure to comment your opinion bellow and the reason behind it.
Trade safely,
Trader Leo.
BTCUSD
Hello traders, welcome back to another market breakdown.
In this video I give an update and my opinion about Bitcoin recent price action.
Trade safely,
Trader leo.
BTC New Pattern that we want to pay more attention to anything else is the new rising broadening wedge
obviously we havent seen ANY lows for a long time , maybe we see it after reaching new highs 31K or we start the new Low process since SPX is giving bearish signals
Thanks for watching
BTCUSD
Hello traders, welcome back to another market breakdown.
In the Video above, I show how I breakdown the Bitcoin chart. I also, speak about the scenarios we could have.
Trade safely,
Trader Leo.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient....
BTCUSD
Hello traders, welcome back to another market breakdown.
I shared my personal views on Bitcoin and where the price might be heading from here.
If you have any questions, leave them bellow.
Trade safely,
Trader Leo.
Bitcoin has broken above the one year downtrend and after months of trading around the 18000 mark, has now built up a decent floor of support below the market.
We have, what I refer to as a confirmed buy signal on the DMI. This happens when not only is the blue line above the red line (+DI above -DI) but when the blue line breaks above the previous blue...
When Bitcoin was trading at around 60,000 level in late 2021 and before that year, whenever friends, acquaintance and participants asked my opinion about investing into cryptocurrency, immediately I knew they may not know much about cryptocurrency.
To clarify, I am not an expert in cryptocurrency, but I know its intrinsic value could not be calculated then and...
The Society of Technical Analysts' next course starts in October. Those wishing to learn more about technical analysis can take a look at the Route to Diploma - Society of Technical Analysts, www.technicalanalysts.com
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including...
In this update we review the recent price action in the BTC futures contract and identify the next high probability trading opportunity and price objectives tot arget
