Maybe channel would be confirmed if Btc is supported by 33K
I still believe us to be in a macro wave 4. Sadly this wave 4 has been massive and nearly a year long so far. The wave one's 1.618 extension and the current wave three's 0.236 retrace happen to overlap. This should and will be strong area of support. If this holds then we are either experiencing an A-B-Truncated C for the wave 4 retrace or some sort of ABCDE that...
There appears to finally have been a minor impulse wave since the move down began. Targets are around 43 - 45k. Then it will either make a higher low or simply go lower again. I will post the 'higher resolution' of the minor wave in the comments as it was on 1minute charts and TV doesn't let you publish any ideas under 15minute time frames. Set-up invalidated...
I think BTC can go up near 50000 and it could be the last high for 2022. HIGH RISK.
The xbt is a bitcoin futures contract launched by the bitmex, and I chose him as the analysis target because his data was adopted by the cme. In this market with hundreds of exchanges, the price of the bitcoin is defined differently, and we have to find a relatively stable reference, so I chose the xbt as the analysis target. xbt biggest problem is his short...
The relative strength of buyers is located in a very important area rsi I think it can turn the trend around
The price, time, and pattern indicate the end of an ABC correction. I expect bitcoin to move to a new price top after that. Also, if this analysis is not accurate, I expect at least as much as 50% of the retracement fibonacci of the ABC pattern to rise, ie around 50,000.
It does not matter if you look at it as a head and shoulder or a quadratic regression (function)! The most important thing is that it is moving toward 30K once again..! You can see the most important support(green line) and resistance (red line) levels. Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst,...
Monthly bottom trendline hit and 20 EMA and fib retracement all merge approximately the same place $37,000. Looks like a great spot to buy the bounce.
There is a minor short term descending wedge within a major multi-month wedge. One break should lead into the other. I would assume a break (up OR down) soon as the wedge looks pretty cooked!
#BTCUSDSHORTS are pushing up been at 37.38% from previous Resistance Conclusion: What Bitcoiners want is to see DXY Drop below actual support level at 94.70 to become resistance in the near future Remember if DXY goes up BTC is going down and vice versa My personal opinion is that we're going further down to the mids 30K or even further to find support at...
- ADX was always a strong indicator about Trends movements and strength, so read carefully the graph, this is a 2 Week view, in comments i will post 1 Month view. - Just Check ADX Overbought Zone and you will understand, for now, i can tell you that 82% of retailers are shorting TheKing and believe it will crash. - That said i can tell you that 86% of...
I've been studying Long/Short for guidance on where (or if) Bitcoin will rebound. The following is my opinion based on what I perceive. I welcome contrary, corrective and constructive points of view. None of this is financial advice. At this time there is an obvious bias towards the shorts. We should have confirmation as soon as Jan 11. In summer 2021 when we...
We may see BTC visiting moving average at 45000 BTC may test 45,000 $46,000 areas in the coming period
what if this the final ABC correction before the rally on 2022??
There are a lot of predictions about bitcoin's movements on the Internet, mostly bullish.There are based on so-called fundamentals, on so-called charts, and on data.I am a loyal chart analyst who follows the following principles: 1. Chart contains everything, 2. History will be repeated. First, let's look at the daily line trend, here is a macd divergence, but in...
This is a weekly chart, I usually use weekly charts for the long-term forecasts! My approach may seem very odd at the very first glance, but if you are looking at the symmetric pattern of exponential upward and downward moves, it becomes clear that this approach could explain the possible price pattern in the chart much better! As you see pattern 1 is completed...