there is a divergence in the 4H chart (which I admit it's not something new for Bitcoin recently!!)
and IF we draw the trend line from the higher lows in the past candle (the yellow line) and IF we draw a double curve pattern for latest price actions, we can expect the price to meet the circle zone, where the trend line as a support meets the double curve and...
the cryptosphere around #Bitcoin is very bipolar at the moment: a very sharp bull run like S2F model fans and bears who are shouting for a significant price drop everyday.
my point of view is a correction coming very soon and not so deep, followed by another bull run to set new ATH and then I can decide whether I stay bullish (less probable as for now) or become...
I love the Andrew's pitchfork, but I'm not a fan of trading based on indicators only. I like to watch them to combine with price action patterns mostly. if I see something which those indicators approve too, I'll get serious!
this andrew fork is drawn based on three major pivots on daily chart and the response price action shows to the lines is really convincing...
Ichimoku has a rule of flat Senkou A and a V shape Senkou B to attract the price action to touch it!
so this is the minimum correction BTC should obey. I was very glad to be able to call a deeper correction but I can't!
ADA Cardano will test the 0.134 level within couple of days and then it can bounce back below the fork or enter the first channel (more probable)
if it enters the channel, first target would be $0.179 according to fibo ext I have drawn. in the fibo I have ignored the shadows of the next candle as I considered them noise (covid19 FUD)
Just look at the BTC's fluctuations since June 14th until today. 12k to 16k CAD up and downs, though the range has been good for day traders, but it is a bit boring for investors and long term traders.
Well, in my opinion, that's about ending soon!
This chart shows in the first week of September, BTC should choose whether to start a new bull run, or complete...
hodling altcoins? don't miss the chance to make them make you richer! just holding crypto can make you a better off in future, but trading cross-coins can make you even better!
I'm just expressing my thoughts on STEEMETH here, not a financial advise or a trade signal, everybody should take his or her own responsibility to enter or exit any trade. I write here and...
I'm surprised by the bull power caused the parabolic rise BTC had, with the least expected retracement, I'm not gonna hide it.
but this doesn't make me don't think of the probability of doin it later, and even this may give me the idea that the retracement may get bloodier than what I was expected before.
testing the 23.6% level @ $7710 probability: 85%
the chart says everything, this is a cycle happened before for couple of times (two times are pointed in this chart)
There is a downtrend in general for STEEM, but in the run, these fluctuations are visible and can be profitable.
STEEM needs more effort from its creators and community to change the trend in to an upward.
read my full post about steem here:...
please read my last two posts on steemit.com, if you like to know why I think STEEMETH or STEEMBTC are important to study, even more than STEEMUSD or other fiat currencies.
July and Aug this year will be important and crucial for the STEEM blockchain and steemit community.