Using the Tom Demark Sequential System on the daily chart we look to have a 1 to 4 Day correction to the upside toward the area of the breakdown/previous support after a full 9 Day count to the downside. Also the selling looks exhausted on the rsi. Once we get close to resistance I will be putting in a stop loss to preserve profits. I do think this is not the end...
Bitcoin will prepare to take price 58260 and 61640 so nearly will see that price because the chart is attached that price, thank you.
We just saw a massive dip in bitcoin but could this be the end of the bull run? This is where price action is important. See chart below for the 2 scenarios. Scenario 1 - We see a bearish correction now which will lead us down to atleast 40k. Scenario 2 - We see a bull flag which means this was a momentary dip! Like this idea for more updates.
Price made a lovely push from my area marked with yellow box on my chart, i posted this analysis last week if you want to go back and check my chart! This was from the 3rd touch of the trendline which normally results in a big bounce and we also had a lovely support area which met our trendline... this one bounced price all the way to new highs! Let me know if you...
We see ADA nearly breaking a resistance point. Indicating a breakout. Keep a close eye and remember to trade with caution.
Still holding, but, for how long? Here some possible scenarios that could play out for BITCOIN vs USD
Enjoying the moves recently and very very interesting to see the institutional transition. Giving 9 out of 10 calls are still "moon shots" I feel the Elliott formations/Wyckoff structures are starting to look to be in play. Going all out on a limb. I would like to see from here, a liquidity grab around $30k, or on the next confirmation long is a break and retest...
For bitcoin we can see that the daily moving average has been respected many times. As for as the ascending black trendline goes, sometimes corrections get bigger and go beyond trendlines. For this, I'm looking at the daily moving average as it holds more value. Also, the correction we're in looks like an ABC parallel bull flag. Keeping a close eye on this! See...
Bitcoin just had a VERY BULLISH SIGNAL PRINT ON THE 4hr chart! IF THIS CONFIRMS WE COULD BE LOOKING AT 13-30% pump over the next few days! WATCH FOR THIS CANDLE TO CLOSE ABOVE 54,600!
Because there is extreme big win potential. Some coins with such chart can make you millionaire... Just buy some for 500$ and wait. Like BTC people does in 2008...9..10 :)
Price has made a nice bounce off the ascending trend line & support zone at 53,340 after the aggressive dip was made yesterday. On the lower timeframe here, price has formed an inverse head on shoulders formation & broke through the neckline, now at an area of resistance. For todays new daily candlestick, I am watching price for a retracement to retest the...
Finally made sense of this cryptic cryptocurrency and I think it's pretty bang on. After every impulsive move there was a 5 wave correction and a retest before another impulse. We're now in the 5th wave so we may see a deeper correction. See links below for smaller timeframe chart and how we can trade this.
Bitcoin rebounded from uptrendline Price is based above key level at 52625.0 Price is rejected from 50% Fibonacci level MACD shows weakness in bearish momentum It's expected to target resistance level at 61805.0
Seems BTC is forming the head and shoulders pattern bullish and bearish, keep in mind the EMA ribbon and the 200MA 4H support still plays a role in this descission
Hopefully it breaks out of this pattern to the upside... I think it will unless bitcoin really tanks. I wouldn't initiate a long position until it breaks either way.. be careful the markets are being creepy Stellar is probably my favorite long term play. cbdcs, Fast, Follows regulatory rules etc..Try to run with the banks, not kill them. def made the most off XLM swings
Bitcoin is making clear and steady moves and we can potentially be seeing a bigger correction back to the major ascending trendline which lines up with the 618 fibonacci and a support zone. We could be in a channel and looking for a break of trendline now or at the 786 fibonacci which lines up with the possible channel. Watch the fibonacci levels closely and wait...