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Well, this time I was wrong. Instead of a Head and Shoulders (orange) and consolidation around 55k, BITFINEX:BTCUSD shot straight up to 61k over the weekend. I knew the H&S was not a strong possibility, but I thought the consolidation was very likely. I still think the consolidation I had predicted will happen this week. Let's see what the numbers tell us. ...

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Once again I was right. The cup with handle (pink) even ended right where I finished my drawing! We've been on a bit of a roller-coaster since then, so will we dip further or will be start moving up again? From a pattern perspective, it looks like we are forming a Head and Shoulders (in orange). However, when we look at the indicators, it is a different...

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And I was right! Not only did we have a double bottom (in orange), but we broke out of it last night. Additionally, we have already broken the resistance of the next level. I thought it would take us a few days, but BITFINEX:BTCUSD never ceases to amaze me. What's in store for this week? Read my analysis to find out. Analysis: The next level of resistance is...

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Hello and welcome to another BITFINEX:BTCUSD analysis! Like most people, I thought we were heading for a dip with a head and shoulders pattern this weekend (in purple). However, that has been invalidated as the price broke above the right shoulder last night. Does this mean we now have a double bottom (in orange)? The confirmation for that would come at the...

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Hello folks, looks like the test I was expecting was not as low as I thought. BITFINEX:BTCUSD tested the 46k-47k support and then moved up to test the 50k-52k resistance, which seems to be where we are now. Let's see what can happen. Even though the MACD is in the positive and the RSI is saying that we are still not overpriced (still not above 70%), the volume...

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And a bearish weekend it was! Are we going to retest the bottom or keep moving up? I think there is one more test for BITFINEX:BTCUSD before climbing. The MACD is telling me that we are going up, with the green bars and the wider separation within the lines. The RSI last closed at ~60%, which tells me that there is still more room to grow. However, looking at...

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Well, folks, looks like I was wrong in my BITFINEX:BTCUSD analysis yesterday. The downturn was much harder than I expected (pink line). I'm glad I didn't buy! The question is now: how much lower will it go? Indicators: The MACD is telling me that this isn't over yet. The lines are fairly separate and I expect they won't get together again (to start an...

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Was Monday the final dip before 60k? Or are we going further down? Checkout my BITFINEX:BTCUSD analysis. Indicators: The MACD lines have crossed, so it is a strong indication of an uptrend. It also looks like they are getting ready to spread apart. On the other hand, we are still in negative/bear territory, so the gains might be small and it might go down...

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This BITFINEX:BTCUSD forecast/analysis is for the next 1-3 days. *Indicators:* Looking at the volume, it has decreased almost by half since my last post (yesterday 11AM EST), meaning that many people are waiting to see what will happen. There is no more strong pressure either up or down. This means there might be a consolidation around the current price range...

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Hi everyone, I have decided to focus on swing trading for now. It was my original goal and I've been too busy (+need to learn a lot more) to properly do Day Trading. So here is my BITFINEX:BTCUSD analysis for today. *Patterns:* If what I am seeing is a channel (pink and then pink+blue) it is getting narrower. That means things are probably going to...

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Good afternoon folks! BITFINEX:BTCUSD It seems like we have a "Cup with Handle" pattern (pink line). Even though the MACD and RSI have been as flat as a pancake, that seems like it won't last very long. The volume is quite high which means people are itching to buy (based on the long bottom wick at 13:00). Now is a good time to buy. Stop at the bottom of the...

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Hello everyone and welcome to another BITFINEX:BTCUSD update! This time we have a good chart without skewed trades from whales. Like I (sort of) predicted yesterday morning, the price did fall down again around 1PM. Looking at the next 2 hours, what will happen? *Candlestick Analysis:* There's some sticks that are long and some that are short, both in the...

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Hi everyone, this is my first analysis publication. I am a beginner trader so I'd love to get your feedback on my ideas. I'm using the teachings from a major Cyrpto Trading YouTube Channel (please message me for links, from what I understood I'm not allowed to post links to other social media or news sites). *Candlestick Analysis:* Since 8:15AM, trading is...