-A quick look at the current situation of BTC prices according to graphical analysis!
-Moderate upward monthly bias. First target at $29,187K successfully hit. Other targets: $34,421K (if not broken back to test $20.7K) and, finally, $37,655K (FIBO golden region) and region of second previous lost bottom.
-The bias of the weekly chart is bullish, however, the...
Bitcoin has been in a downtrend for some time now, recently been moving upwards and now it has encountered a second resist in my book, it broke out the downtrend from ATH line but now we have a candle close break-out pending. Once this break out, I am measuring last major touch on line led to a strong move downwards, i will use that same line to put towards the...
PlaCED a Fib back to covid low and recognized some pretty lines. Not a pro chartist. Just looking for symmetry. I see 10X return from low in November 22.
-I'll be quick!
-The monthly chart bias is bullish!
-The weekly chart is trying to form a bullish pivot, but I will only trust this bullish pivot if prices come to test the $24K region.
-On the daily chart, we have a confirmed bull pivot which could try to reach the region of $30.9K, where, if it has a lot of strength, it could also reach $35.2K.
-It is...
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,...
Title: Mastering the Art of Trading Bitcoin: A Comprehensive Guide
Introduction
Welcome to the world of Bitcoin trading! In this blog post, we will delve deep into the exciting world of cryptocurrency trading, specifically focusing on Bitcoin. Whether you are a beginner or an experienced trader, this comprehensive guide will provide you with the knowledge and...
