Recent price action is showing a 30% dip rejected by the 30k psychological level and proven support. On the 4H we have a double bottom being broken to the upside, confirming the potential reversal. If we can see a break of the higher TF corrective structure, we will soon see ATH being touched once again.
In my previous Bitcoin analysis I predicted that bitcoin would follow the pennant, which it has done for now. Now, we're at a point where the pennant chart pattern is almost completed. With every passing hour, the chance of Bitcoin breaking out is becoming bigger and bigger. Since the crypto markets are a bit on edge now, suffering from being overbought across...
Looking at DXY, SPX and even Bitcoin - the Dollar needs a move up. Stochastic, Elliott and various other tools all say the same thing. This move will come with Dollar strength once Biden is fully integrated. Then Dollar will drop pushing this up (we might even see a new high) and then what also makes sense is for the SPX to drop a fair way and it might drag gold...
Overall view - Expanding channel Clear head and shoulders pattern forming on the 4H. 1H bullish flag to form a possible bigger second shoulder. Looking for a retest of the channel & an impulsive breakout to the downside for the 90% retracement to 22.4k then 20k before seeing further long term growth. PLEASE FEEL FREE TO POST YOUR BTC VIEWS IN THE COMMENTS BELOW.
Buy or sell at retest Wait for breakout and buy or sell at retest
TECHNICAL DETAIL ON GRAPH ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- NEWS Joe Biden's $3 Trillion Stimulus Plan Will Bolster Bitcoin Crypto...
What's your thought of BTCUSD? I think the uptrend will continue for a while. it's just taking a breath to get ready and go up with even more power.
Friends, the chart speaks for itself. We saw different patterns play out in the past. Each of them followed by a parabolic run, due to the deflationary nature of Bitcoin and probably a lot of Tether-printing (combined with a weak dollar). After touching the parabolic curve in the recent days with a low at ~$27.000, we saw the price climbing back up and making...
Our job as traders is to buy low and sell high. In this analysis I will walk you through the several techniques you can use to determine when Ethereum is considered 'low'. The biggest challenge we face now when entering for a long position is a good entry. The price is definitely "high" in and of itself, as Ethereum is in a massive uptrend. One of my top...
Hello guys, Beware of the BULLS in the town. Michael Saylor, Tim Draper etc are about to push BTC to $3 million per coin. US Currency is gonna destroy so bad that you all will be able to buy 1 loaf of bread with 1 btc at $3 million price tag. So don't let your money go zero, buy BTC and ride this HYPER INFLATION WAVE We all will MAKE IT very EASILY. Buy...
It is very likely that the bit will be above 30,000 today. So no matter how much capital you have to enter today, of course, it is possible that the price will go down to 26,000. So be very careful, please do not lose capital ... 🙏🙂
Hello dear friends, as you can see, my expectations for the breakdown of the level 23300-23000 did not come true. This position is open, as there were opportunities to close it with a plus, but I did not. The symmetric triangle was broken upward. We have a double bottom, so it's too early to talk about a fall. Although all big TFs say otherwise. I have another...
Bitcoin is keep rejecting with this yellow Tl , is bitcoin going to break this most likely to the upside this week?
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (20100). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSDT is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
BTC daily has bounced of the 34MA and Pivot point cleanly if there's follow through we should see at least 19k again, On the down side there is a large Gann level and support cluster around $16700, Bullish above that
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (18513). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSDT is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (18513). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSDT is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (19074). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSDT is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a...