Robin_Nakamoto

Robin_Nakamoto

Bitcoin is defying expectations, carving a path through the $38K barrier with the tenacity of a bull. The recent rally from $36,886 to $38,437 wasn't just a fluke; it's a statement. Even more compelling is Bitcoin's graceful dance above the 0.5 Fibonacci level at $37,662, dismissing any doubts about its current strength. Away from the charts, the SEC's recent...

Robin_Nakamoto

Introduction : Bitcoin experienced a sudden 9% drop from $27,712 to $25,166 in just 9 minutes following the news of China Evergrande's filing for US bankruptcy. The bankruptcy news came out around 11 pm UK time, and it seems to have had a cascading effect on liquidations, leading to this significant price movement. Two possible scenarios can be derived from...

Robin_Nakamoto Updated 

Hello Traders, Today we are taking a look at BTCUSDT on a 15-minute timeframe. BTC touched a daily low at $28,550 (point 1), and it rebounded forming a new local high at $29,328 (point 0). I utilized a modified Fibonacci retracement tool to analyze the potential retracement levels. It's interesting to note that the price of Bitcoin has not even reached the...

Robin_Nakamoto

Hello TradingView community, Today, we have witnessed a sudden drop in Bitcoin's price from $27,996 to $26,508, following the news that the Commodity Futures Trading Commission (CFTC) is suing Binance and its CEO, Changpeng Zhao (CZ), over alleged willful evasion of U.S. laws and offering unregistered crypto derivatives products. This significant event has...

Robin_Nakamoto Updated 

BINANCE:BTCBUSD Dear fellow traders, I have analyzed the current market conditions surrounding Bitcoin and have come to the conclusion that we are likely to see a further decline in the 1hr time frame. Firstly, let's take a look at the recent price action. As we know, Bitcoin has experienced a decline from $23,013 to $22,350 and has formed a bearish pattern....

Robin_Nakamoto

As you will see, as of now, we bounced back from the first pullback and we are now on track to (hopefully) achieve TP2 ($23,512) and eventually TP3 ($23,952). Nevertheless, the latest move down to $22,595 (and consequent reversal) has unfolded further key support and resistance zones within the original fibonacci retracement. The good news is that Bitcoin price...

Robin_Nakamoto Updated 

In this post i will be discussing the potential next move for Bitcoin after today's pump. Using the Fibonacci retracement tool, we can identify key levels where the price could potentially retrace. By drawing the tool from the bottom of the move to the top, we can see that the price could retrace to the fibonacci gold zone between $21,867 and $21,647. This...