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Price of bitcoin stays in the range and there is high speculation zone for bulls and bears.
Death crosses are usualy strong bearish signal for assets like stocks or metals.
For cryptocurrency it is also strong signal.
Looking from the history there was a lot of Death crosses with quite good dump afterwards.
Bitcoin Elliott Waves plan update.
So Bitcoin strugling to hold and fall down towards 30-ish zone as the possible end of sharp-ABC correction of current cycle (still there is chances for 27-ish).
Possible growth of Bitcoin to new ATH on the radar and might take a few days to develop the bottom before take off.
Despite recent China mining crackdown there is...
Hi! Price showing obvious triangle shape. Looking at the previous market movements and behaviours on right charts, you might notice same structure over past few years, with different end result.
Back in 2018 we saw the breakdown towards downtrend.
In the 2020 we traded similar setup with bullish outcome.
Notice interesting structure inside triangles. In bullish...
Price of Bitcoin stabilize below $40000, looking for correction from down move towards 50-ish zone. Now price still inside curved area and might touch the resistance of curvature.
Take a look at indicators here on pic below
RSI showing nice Bullish divergence
but Price remain below DMA200 and DMA100
taking this 2 factors...
Bitcoin price did a -45% correction, so far price went below DMA200, which is indicator for long term traders/investors and if we will stay below it for reasonable amount of time, that would sinalize further dump.
IF price will manage break upside above DMA200 and stay above it, we could be safe in the long-term goals, and see btc floating around 100k by the end...
Bitcoin price surged a little bit from 60k , now heading towards sweet buy spot and we are able to get good prices for long entries. More details covered on the chart.
Please make sure you know how to manage risk and position size.
On the chart main focus on Daily Moving Averages (DMA) with length 100 and 200. This DMAs making good support zone for trend...
Here is the chart for DASH / USDT . It is nice opportunity to have x2-3 profits on this pair, cause price still have room for growth during current alt-szn. Take a look at True Williams Alligator -- price following its moving averages and they acting like support during bull runs.
According to this I will expect further rise of dash during this year.
Bitcoin long term trend is highly debatable topic. On the chart I've found quite interesting relation on RSI oscillator - price making big rebound after reaching RSI zone 60-50-47. During whole 2016-2018 bull run price 4-times rebounded upside with RSI in mentioned zone.
At the momement RSI value approaching 60, which means we about to see big rebound...
Hey! Btc shows highly complex correction movement, which is not interesting to trade. ANyway price might open new Buy opportunity for mid-term.
On chart side you can see EW map, using Fib channel and wave-5 target I think best buy opportunity for mid term will be near 50-51K