There was an unnatural jump in price. It should reach this natural point after a quick decline to balance out.
$12600 support has held and our new cycle has begun! Yay! Take a look at the chart. With the extended consolidation, it became necessary for me to update my targets. This extended consolidation allows me to also extend my target(s). Notice I have two now. So, what is going on here is that it seems we are in a wedge. Elliott Wave dictates an ABCDE touch and then...
Our EMA (the blue line) is a great support and resistance line for an uptrend or downtrend in price action. We can use this to our advantage. After a bit of studying the price action, I found that during down trending price action, if one of the red candles deviates from our EMA by around $1000, it is almost always likely to jump back to the EMA. I indicate...
Hi everyone, Price has broken out and retested previous resistance (Green zone). We now have a good breakout-setup, where the market can reach the D-leg of a (possible) AB=CD pattern. Most likely, there will be some profit taking at those levels, before the market moves to the 1.618-extension of the AB=CD-structure. We might see another drop to the Green-zone,...
This analysis is based on adding 1% of the total $7.6 trillion bank notes every 3 months for the next 12 months to the Bitcoin Market Cap. We currently have only 2.6% of the bank notes invested in Bitcoin. So based on this assumption by end 2019 we will have only 8% of it moving to Bitcoin (Fair assumption, right?)
Min-Max and the most likely price for 2018.
WE may see the breakout soon as posible and see if its showing bull or bearish movements
We currently rest at our $2670 support which intersects with the bottom of our channel. Could we see a weekend bounce to $2980? I think this is a good possibility. We shall soon find out. Happy trading!
The FUD will last for a while, but after that going for ath
New with more colored- lines, I'm pretty sure next week got his "special moments" =) have a good one-
Bitcoin price printed a high of around $435.94 during the early hours of 2016. Despite the fact that the market’s bulls were successful in breaching the $431 level, which has been resisting advancement the past couple of days, price correction pulled the price down to a low of $427.17 a few hours after printing the day’s high. So, can we see bitcoin price rise to...
While it is well and good to create charts, monitor indicators and attempt to discern the direction of the Bitcoin price, it is easy to get buried in complexity and blinded by bias. That is why the On Balance Volume (OBV) is so valuable. You can read more about it by following the link below: www.investopedia.com Essentially OBV allows you to eliminate a lot of...