Here we can see the Bitcoin golden ratio sitting around 6.3 k on the weekly time frame which also lines up with the 200 moving average. It's important to also note that we do have a looming death cross currently in play and if this death cross plays out over the medium to longer term we could certainly in my opinion see Bitcoin test the 200 moving average to put...
As we move into the month of September we can see that Bitcoin is on the verge of entering a bear market will this happen today probably not but still possible I do believe this death cross will complete within this week if we do enter a bear market it could also be a very short-lived bear market ultimately pushing the death cross back up into a golden cross which...
Over the past three days I have watched the lower timeframes and have witnessed TD sequential flash a 9 on the 1hr all the way to now, The daily chart, what we have here is a double top on BTC at 11,463.27 and a 9 on TD sequential 😂
Gap fill at 9.7k, Not financial advice, Do your own research
Currently the BTC1! futures weekly candle is soon to close, It is important to note that it is currently a holiday weekend.
The 12 EMA is currently below the 100 EMA for the first time since December 2018
Last time this occurred, BTC experienced a 50-60% drop
BTC is currently up 100% from the March 12th capitulation bottom......Will BTC capitulate again to retest...
Simply put BTC is inside a new capitulation cycle, And The price is in an uptrend, This is the biggest Hidden bearish divergence I have ever seen in the history of bitcoin!!
My targets have been set within the 3k levels once more
As we head into December, We can see that the major drops I had predicted since November 14th has occured.
Bitcoin is currently fighting to stay above the major Support line that developed back in march of this year 2019 when Bitcoin had the golden cross and rallied to 13k zone.
This support line is set to break as we are no where near the end of our...
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Above is my projected estimation of the next Bull Market.
I will be executing a buy on or around March 26th 2020
From that buy I will be Holding my Buy until October 13th 2020 (TBD By Future Analysis)
Stop Loss will be set at or around $4,200
Take Profit $18,000 (TBD By...
Capitulation is basically when Miners stop mining and sell some of their bitcoins to keep operations going.
However Capitulation is more likely to occur at the end of every annual year now due to regulation and taxes.
It is easier to calculate loss/profit by shutting or slowing the network down and washing your hands so to speak.
Power consumption costs are higher...
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ABCD triangle on Coinbase:BTCUSD weekly chart first and second retest occurred within 105 days of each other, if history repeats itself Bitcoin appears to be 70 days away from a further decline to $7800
However, Coinbase:BTCUSD could make a break to the upside testing HUGE Resistance at $9,500