Interesting to note all the previous moves through this price range, both success and failure - all returned to this level for confirmation or eventually broken down below.
If we get a cease fire in Ukraine, will that be a catalyst? Will FOMO trigger the next move up?
Will this time be different? Odds are whether we break out or not, we will return here to...
After a big move up, we reached the downward trendline but have not (yet) broken the resistance and a pullback is still possible before we break out and set our new support level.
I am not a financial advisor and this is not financial advice. #DYOR
OpenSea news about NFT sales, is the Ethereum burn back into high gear?
So far we are supporting an upward resistance-support line drawn out from Feb 2021. Now coming into an area of resistance. But so far this is looking very healthy with what appears to be a confirmation / re-test.
Not financial advice. #DYOR.
After breaking through the downward trend-line, we have come down to retest the downward trend-line as support. It appears that we have. It seems all eyes are on Bitcoin as to whether we have a next convincing move up.
The risk is that we may follow the downward trend in the near term until we can establish a convincing up-trend....
Not much to say but Bitcoin price reacted at resistance as expected. Given all the confirmations here, we will give it another try soon. Hope is that this is simply a breather.
Caution: Military tensions in Europe (and elsewhere) is a backdrop behind recent underperforming assets - large wallet traders are playing this cautiously in the near term.
Not much to say here other than it was excellent opportunity buy in below 90 and we are now keeping an eye on an area of resistance just above our current level.
For the time being I am playing this as an opportunity to take profit and buy in lower unless the pattern continues upward.
Not financial advice of course.
We have a well defined area of support at 35.5k that we have bounced just above several times over the past few days. So far we are holding a small upward price channel.
Next resistance up we’ve hit a few times is in the 38.9k to 39.5k range. Then a larger hurdle at 40.6k.
Risk to the downside is a corrective wick to 32.6k, which touches a line I...
I've been studying Long/Short for guidance on where (or if) Bitcoin will rebound.
The following is my opinion based on what I perceive. I welcome contrary, corrective and constructive points of view. None of this is financial advice.
At this time there is an obvious bias towards the shorts. We should have confirmation as soon as Jan 11.
In summer 2021 when we...
Totally within possibility that we could repeat last January. We are close however to breaking down lower, which would not bode well at this level. I would expect the entire market at that point to reconsider what is achievable in the near term.
FWIW and not financial advice. All the best.
Thank you Chainlink for making my holiday a little more cheerful.
Looking back at prior similar price action, current momentum appears to be slowing as we near an area of resistance that we have met previously. In that prior activity, we pulled back to confirm support and then moved higher.
Of course this time could be different, but it would be completely...
Our recent breakout was a fakeout and we again have tested the support level indicated. We will soon be at a convergence of upward trendline and tested support. This poses an important point, up or down.
At risk if we break down, we could revisit and test our August low. However the more likely scenario will be a push back up to 57-58 range. The question remains...
I am hopeful we will turn this around soon, but I'm just not sure we have enough powder to push upward out of the downward trend.
We seem to have confirmed the lower support twice and if we are able to post a higher low, who knows, maybe we can turn this around sooner rather than later.
IMHO of course. Not financial advice.
btw the way - thank you TV team for...
Where will retail traders say, 'Bitcoin sucks, I'm going to make millions shorting it.'
And by the way, no we are not hitting 10-12k by Christmas - so whoever trolled me this summer with that, you get a lump of coal.
Not financial advice. I'm only complaining. :-)
As Ben would say, dubious speculation. Not financial advice.
We have been confirming the current upward channel for some time. A pullback to the 3700 territory, followed by a push back up to the top of the channel would put us at the ATH mid-to-late January.
I would like to wish all my fellow investors, speculators and traders a happy, healthy and hopefully much...
ADA has bled 57% against ETH since 29-August.
With so much luster lost, a push through would need to be strongly proven here.
Not financial advice. I do admit to holding some ADA (that I have not sold in favor of ETH). Please #DYOR.
In this current trajectory, assuming the market is maturing and no significant parabolic run, our next target is about 20% above our current position in the late Feb-March timeframe.
A parabolic run obviously would break out of the current rising wedge. Looking back, our last major push from Ethereum began in the Feb-March timeframe. Seems reasonable to expect...
Quite a bit of profit taking here as the distribution similarities to earlier this year continue to play out. (See my prior idea.)
I am still in this trade unless we see a hard pull back but the lower trendline at around 63k seems to be (just like the prior pattern) the home base we return to prior to pushing up higher.
Obviously not financial advice. You should...
No real surprises. Zig zag up we go. Down today, up, down, up.
We'll keep an eye out for dropping out of this channel to signal any real significant pullback.
My charts are for educational purposes only. #NFA #DYOR bla bla bla