Let's go back to basics in order to determine where is Bitcoin at right now.
#1 Break of major downtrend
You can use either the linear (arithmetic) or logarithmic scale and both will yield the same result.
Bitcoin is now out of a major downtrend.
BTCUSD W Log:
BTCUSD W Linear:
#2 Accumulation phase
After moving out of the downtrend, Bitcoin enters...
This is the first "buy signal" the Renko system gives for Bitcoin on the weekly timeframe since the major bear-market.
For confirmation, the week needs to close above $24,000 which is almost a done deal.
This would confirm a change of trend, Renko-wise.
We also have a harmonics pattern and many more signals can be extracted from this chart.
We have a...
-I confess that a rise of more than 20% was not in my plans.
-In previous analyses, some scenarios were considered based on the current situation, and one of them would be prices testing the long average region at $19.8K on the daily chart, as well as the 50% FIBO region of the high pivot mounted on the monthly chart. A priori this is what happened!
-However,...
I would want to see three things align for a bullish scenario. The first has been fulfilled which is a bullish Ichimoku cross. The second is for Bitcoin to not only tap this liquidity above but to flip this region and form support. Finally in order to support the bullish cross I'd want to see a green cloud forming to confirm a shift in trend to a bullish...
Yes, I am telling and providing btc prices up & down with dates & time , 2020 to 2023 Feb I announced btc road map exactly happened now it's time for 2023 to 2026 road map realised
Ratio, ratio, ratios.. Halving of the price action is also a reflection that the momentum is losing speed with the square root. Vice versa it has to overcome those squared areas to 'exponentially' break free from those zones holding it back.
We had a major bullish signal as a hammer on last weeks session... But there is more.
This week we have three major additional signals that support a Bitcoin rise to $30,000+ and beyond.
Let's look at those.
Feel free to 🚀👍 boost/like to get started!
Bitcoin this week is already trading above EMA50. This is a most important level and where we had a...
The weekly session just closed and Bitcoin ended with a very strong bullish candle.
This is a hammer with a super long lower wick.
Bitcoin Weekly Hammer = Low Set/Support Found
Bitcoin moved down on a strong shakeout move but bounced before reaching the 0.618 Fib. retracement level and closed the week above EMA10, sending a very strong bullish signals....
Bitcoin is forming a head and shoulders pattern on weekly time frame.
The larger the time frame, the more positive probability it is.
But, this will play out when BTC breaks the heavy resistance on it's current price at ($24.4k - ish).
But don't forget to anticipate the consolidation inside the demand and supply zone. Let's just follow and ride the trend....
bitcoin stay sideway.
nasdaq hit the support
I think there is a chance of bitcoin price to go up next week
price show rejection now.
so entry at 20600
stoploss 19900
take profit at 24500
