Bitcoin downward momentum should be over now... Waiting for a lower time frame confirmation or shift to the upside in a higher time frame like 30mins or 1hr I mean a break of recent pullback to confirm a trend change before taking the risk. Buy Bitcoin and hold
Bitcoin downward momentum should be over now... Waiting for a lower time frame confirmation or shift to the upside in a higher time frame like 30mins or 1hr I mean a break of recent pullback to confirm a trend change before taking the risk. Buy Bitcoin and hold
This wedge would appear to indicate another trip to 56ish territory for this month, and up again from there. Whether it will rise up (or down) out of the wedge before Thanksgiving is the question. Anyone have evidence either direction?
Previously attempt has failed so im gonna try this one in a bigger picture we are currently sitting on the daily 100 MA and an Inv H&S is in the making, if we go above 63K I think it will be in play target same as before ATH+++ if we break 100 MA Daily, 60k if we break 60K, 55555 for the fun then prob 50k cheers and good luck
The precedent forecast has worked like a charm even if I almost lost faith with that bear trap Inv H&S With left shoulders ~129 days Head is 84 days (150% is 126 days so kinda harmonic lol) All that delimited buy touching 200 MA 1H ! there is a downward momentum at the moment on BTC, If we take another 129 days like shown on the graph, from early May, 200MA 1H...
I hope you guys enjoyed the video; if you have any questions- feel free to comment down below.
Hello everyone, Bitcoin posted a double top at 53.000 The fractal shows a possibility of a low 40.000 today or tomorrow following a liquidation cascade across the board. I will try to long below 36k. Good luck.
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a not long time ago made downward impulse from resistance line of the pennant to 41500 support level, which coincided with buyer zone. After this movement, BTC some time traded near this level, after which in a short time price broke this level and...
When we examine the last 3 mismatches between the price and the Relative Strength Index, the view that emerges can give us an idea about the possible correction in the price.
Update:- BTC.D dominance is also showing bearish signs as well as BTCUSDT got multiple confluences for bearish price movement. Altcoins may not pump as USDT.D may reverse upwards before going down, so i recommened not to take trades in them.
Good evening, we are from Ukraine! Dear colleagues, I am glad to welcome you! Having familiarized myself with the market situation on the younger time frames, I can note several key points of the situation that need to be paid attention to. First of all, the current decline in volatility on the first cryptocurrency indicates that the "spring" is narrowing...
BTC Bears Target Sub-$26,000 on SEC v Binance and Ripple Battles BTC was flat this morning, with regulatory uncertainty stemming from the SEC lawsuits against Ripple, Binance, and Coinbase testing buyer appetite. The market structure and momentum of Bitcoin was bearish, but its bounce back above $26k gave bears some food for thought. Bitcoin’s correlation...
BYBIT:ARBUSDT.P ARB is looking good for LONG ! soon it will test resistance
I've been waiting for a pull back since the last pump up to resistance. Using stochastic RSI to look for pullback as well as support lines. Circled current price action to the previous push to 24k. I am expecting support between 25k and 24k before bouncing and next resistances at 31.2k and 34k. Rsi is under a huge bearish divergence so I do expect the next...
TOP DOWN ANALYSIS ON BTCUSD Bitcoin have shown some signs of bullish trend(remember this market have been in bearish trend ever since the weekly Double Top + Head and shoulder pattern neckline was broken). And you know when this patterns are form on a higher timeframe it’s a sign of strong reversal. In as much am still bearish on Bitcoin i will taking short...
After a lot of hard work, the result is that bitcoin has tested the daily EMA several times and the first spot is at 17K and the second spot is at 19K and this makes it clear that there is a strong spot above 17K.
Since the asset has maintained its position of over $18,000, it has fallen by more than 6% over the last week. When Bitcoin reached a peak of $20,071 on Sunday, the bears firmly rejected the recent gain. The Federal Reserve's aggressive rate hike campaign worsened the previous decline. Since then, BTC has fallen precipitously, but it is still firmly above the...
Since the high of Nov 21, at almost every level the support was broken by a rising edge pattern and then dropped by 45%. I believe the same will happen now as we broke another rising wedge pattern and the 45% drop would lad us to another major historical support level.