Argument for Bitcoin Bulls: The weekly looks very healthy all around, and we may be ready for another infamous 1000 candle/wick spike. Here's my case starting in January 2019: Jan 7, 2019 is the most recent date on the weekly which we still see a Volume Profile Visible Range (VPVR) indicator this low, in the 3,500's. That was a rough time for BTC hodlers. It...
Bitcoin looks good on the 4h. We could see a touch on the 21EMA, but we should be ready for a high within the next day or two. If this jump is anything like the last, this wave should take us around $10,000 at the least. We'll see what happens. Watch out for false breaks and plan stop loss appropriately! Disclaimer: This is NOT trading advice! These are merely my...
Hey guys $BTC is crazy right now so I put a bunch of trend lines in from a weekly trend analysis including levels from recent time, and older levels as well. I'd like to see it stay above $9767.53, but we will see what happens. Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for educational reasons only. I hope you all kill...
Welcome back everyone, $BTC is at it again and we may see some big gains ahead of us. I've compiled Bitcoin weekly trend analysis and technical analysis. The yellow lines represent high volume node(HVN) point of control(POC) from the weekly chart, aka prices which may act as support/resistance. The white lines represent trend indicators, prices where we have seen...
Good evening traders! Bitcoin is bouncing off of $7,700 support on the weekly, holding strong so far. Interestingly, starting in August, Bitcoin is following an odd green, red, red, red pattern weekly. So far, we appear to be in a green candle. Not that I can say I have firm reason to believe this will continue, but I would be skeptical of any red candle closes...
Good Evening Traders, Bitcoin is looking very interesting on the weekly, just over a big resistance mark from July 15 of $10,590 at $10,615.38. Bitcoin has been following an interesting pattern in the last few months. We have seen two weeks of profit follow each low of the cycle, meaning we could see more profit in time to come. We would need to pass $11,507.59...
Good evening traders Bitcoin has had another eventful night. It seemed bleak just for a moment when it briefly appeared bitcoin would not hold support, but a new support POC has formed on the 4 hour at $10,520 since my first post on Bitcoin, linked here . The support seems to be holding for the time being, and it appears that the bulls are holding off the bears...
Good Afternoon traders! Bitcoin is at it again. At time or writing, Bitcoin is trading at $10,682 and it just bounced off of resistance towards support, here are some key levels we may want to keep an eye on. The daily chart shows Points of Control(POC's) at $10,700 and $10,598, and, the most prominent POC on the daily, $10,400. If we zoom in on the hourly, we can...