You propably have heared already about BTC dropping to price around $14.000, technicaly this is supposed to happen as Raising Wedge after "falling trend" predicts drop of a price once its gonna give up to one of the Fibonacci Retracement Level (0.618 or 0.5 or 0.382). Good option i could suggest would be observing Higher Highs and Higher Lows if they break...
Hello to every one who is reading this ✋ As I mentioned before in my last published idea i told that bitcoin price is going to 12500 when the actuall price was 11000 . OK , this analysis is about the resistance of bitcoin to the price of 13000 . as you can see we pass the 13000 but the sells is much more than the buys and we can`t break the resistance yet . the...
As mentioned in the last post, we saw the fall back after trying to defend $8460 but we didnt hit $7950 and we might not. We saw a little support from what may be an upper channel support riding about $1000 above the 5 year ascending trend line. At this point there appears to be one of two more probable medium term options for BTC. #1 This upper channel holds...
Leading up to now: For this we need to zoom out some, we are looking at just over the last two years of price action with 1d candles. In the first wave, we tested the long term ascending trendline after coming down hard from our $21k high to just over $3k. After the first wave crashed, we stuck around the bottom of the long-term ascending trendline for 4/5 months...