Welcome to this update on the most accurate Bitcoin analysis on TradingView :)
This is a follow up on my previous idea regarding further BItcoin deterioration which will happen in the coming days, see previous idea at:
So far, Bitcoin...
Welcome to this update on the most accurate XRP analysis on TradingView :)
This is a follow up on my previous idea, which forecasted an XRP drop of 30% in the coming days, see previous idea at:
So far, XRP has dropped 12% from the...
Welcome to XRP analysis update.
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I will be brief, because there is not to much to add about it as everything happened as on analysis posted on October.5h.
These are some interesting facts :
* Marketcap of XRP during past week was worth 21.2 billion US dollars on...
Ripple showed signs of great bullishness in previous period as starting from 27 cents, made 80cents (which was fib based maximum started from that point).
Mathematicaly justified price of XRP at peak would be 64 cents, nor a cent more. (with presumption of uptrending from 27 cents after long consolidation-January).
However, we had enourmous buys of Ripple these...
Bitcoin is clearly attempting to break through and make new highs and continuosly failing to do it .
Starting from January 13.th, we have obvious downward tendendcy (after making all time high), continualy had lower and lower rebounces like 20.000/11.700/10.000/8500/7400/6800.
With all that said, Bitcoin as failing to breach 6750 in 4 attempts (while making...
Zcash was consolidating for a long time since 10th of February till 1 week ago. That would be more than 100 days consolidation.
Now, after longer consolidation and after regaining 50% in 30 mins time on the 14th of May its was more than clear that Zcash is trying to push up.
Made an uptrend from 0.02
Uptrended from 0.0292 touched 0.0456 mark and retraced, but...
On the very support.
Gained 50% in 2h chart 2 days ago.
MACD 4h/daily crossover in the very front of entire market.
Predominated 12/26 on 1 day chart from January.
Potential is huge and its highly volatile coin.
Gaining 50% of value (2200sats to 3400says) and stayin in " upper chanel" (above 2500 sats, rebouncing and gradually building price).
Falling wedge from January.
When talking about Bitcoin movement, its very important to state that we needed to determinate in which direction market is moving in order to make decision of potential investing or rebuying at the dips.
Breaching 9,9 level was considered breaking of an upper trendline.
When talking about retracement, if Bitcoin breached
8400-8800 level with tendency toward 7850...
PEOPLE TELLING THAT I M WRONG.
95% people here doesnt understand situation on market, we are sinking big time guys.
All seems fine, but how far will they push?
Actually, everything is wrong with this market. since we should have downtrend from level 8000 level toward to 3000.
Instead, we got line of an uptrend 2500$ higher than in normal enviroment.
I will write an opinion adiditonally regarding this situation.
My opinion is that traders are aware of retracement (long expected, prolonged, but inevitable).
No matter how long price is being pushed, it certanly cost money to maintain it.
Traders, someone is waiting for you to " join and participate in rebounce".
Be careful about one thing:
Don't drive this...
Bitcoin had no single correction so far as trying to breach 10500 resistance line, starting "run" from 8800 and forming triple top (maybe quad as well) which is absolutely one of the bearish indicators.
As obviously having problems to handle with 10500$ resistance and pumped 200-300$ over, trying to "leave an impression" of being absolutely bullish by any...
There is a " missing peace on right side of the picture in a value over 6000 dollars in one instance.
That peace will be closed regardless if someone opposes or not.
Many will lose, but only the one who are buying Bitcoin and stories about bullish Bitcoin.
Bitcoin is not bullish, it is bearish, but pushed by the blue guys and it will eventually end up falling...
This pictures gives insight about overall Bitcoin movement which is as you all can see BEARISH ONLY since December 17th 2017 and it will remain so for a while.
Bitcoin had almost two years for bullrun, now time of WIDE CORRECTION has come.
Don't listen to those who tell you different because, at the end, it's better to lose profit rather then money.
Bitcoin is still rebouncing in channel which goes under 45 degree angle, making BEAR FLAG as it is (while someone else thinks " Bitcoin to the Moon" ) (otherwise they would not be buying).
People should pay attention as situation develops, because we DO HAVE IDEA ON GENERAL DOWNTREND ONLY.
Once again traders got bullish in a matter of hours.
They were bullish,...
Bitcoin is still rebouncing in a channel (7800-8400), it could stay there for a couple a few days, but when breaks trendline market will be pulled downwards with 40-45% price drop which might cause panic sell and lower the price (5800 level even deeper).
Everything with Bitcoin would maybe look fine (if we deny fact that sinked already from 19.000 level to 12.000...
Regardless it rebounced from 6.000 level and regained 2500 in value, Bitcoin showed many sign of weakness so far,
on the first place after rebouncing from 9300 back to 11,700 none of the candles weren't closed near that price (prices were closed at 11.000 level, that means he can not pressure that price range trying to form his price on higher level, because, on...