also harmonic shark patern in smaller hs. so I think that 50k is possible. Long till 50k
Bitcoin on the daily timeframe seems to have formed a descending triangle and has a fractal playing out from earlier this bull market. I think we could see some further downside in the next coming 1 to 2 weeks or we just see a big bounce from here. September has always been a bearish month for bitcoin in general so this bearish price action was not unexpected. If...
In my opinion it's may fall again And then lower than past -Abed Sadeghloo
Price is now at key level support of the current uptrend, & I am anticipating for price to continue higher up into the supply zone above if remaining above the structure support zone..
Bitcoin (BTC/USD) has been in a weekly uptrend for the past five years (2016 to 2021). BTC price is currently seeking to re-test previous all-time-high prices of $60,000 to $65,000. Bullish scenario: -Weekly uptrend continues, resistance levels are broken up above, higher-high is set. -Resistance prices: $60000, $62670, $65000, $70000, $79604, $96068. Bearish...
i think it ll go short until 47.000 then go long to 52.000 in this a few days
Brief Technical Analysis: According to the Daily, Btcusd had been consolidating around the 50k zone before it declined to a newly recorded low of $28,970. In essence, sellers entered the market at approximately the 64k zone as they were eager to short on May 12th 2021, following Musk's tweet expressing that the electric carmaker had allegedly suspended vehicle...
For a while, I've been looking at SPX versus M2 money supply. This is essentially a way of looking at the relationship between cash and assets. I've also been watching the U.S. Dollar index (DXY), and how it's reached a standstill - neither in a downtrend nor an uptrend. What happens next seems impossible to predict, but I think it's important to watch the SPX/M2...
Hello there traders! As always we provide you with analysis on tradingview. Currently we are looking at the pair CHF/SGD where we had a nice impuls and corrective move. Structure kept on breaking above and now made a lower low/high. Bearish pressure is allready pushing market-price down. We also have seen the counter-trendline break wich indicates we are...
In our opinion, bitcoin has been in the rising trend since the false breakout of 20.07.2021. The local correction from 01.08.2021 to 05.08.2021 finished with the impulse growth, which indicates the future rise of the quotes. Globally, the next target lies in the area of 48.000 dollars, after its overcoming the road to conquer the mark of 58.000 dollars will...
Hello trading friends, This is an extra update for BTC about the USA dollar and other FIAT. we see a trend where the fiat looks to get enter back, for which this reason it's not clear. Those who follow our charts know that we never choose a side and trade Long and short, we trade 100% depending on data, and if data shows a breakdown trend then we follow. know...
BTC STARTING TO RESTART THE BULLISH MOVEMENT
Hello Traders, BTC/USD is likely to bounce back to the moving averages of 25-50 and if we get a bullish engulfing candle as confirmation it could be a good entry to buy bitcoin. Its been testing the recent resistance level multiple times and is very likely to do the same once it has its full push exhaustion push cycle completed.
Hi guys . The most used thing in this market is the Fibonacci support and resistance levels, but everyone draws it according to their own mind. There is only one way to draw it correctly and I have drawn you to the correct fibonacci levels in this post, let's watch and see the reactions from these levels. If you want this drawing technique as a training video,...
A lot of folks are in belief that the DXY has turned bullish. When zooming out on the monthly one can see that the bears are still firmly in control. 3 bearish indicators on the monthly illustrate this: 1) Breaking of an upward sloping demand line to the downside exactly one year ago. 2) A large, bearish head and shoulders-type pattern that broke its neckline when...
Looks like we are heading to test monthly 21 EMA as support, in the next upcoming month. We may make a bounce a little bit before hitting our Monthly 21 EMA but a Lower High will set the tone for a downtrend continuation. If we look at the past and how BTC reacted with the monthly 21 EMA. We could see that after rising up to its highs in DEC 2017, and JUNE 2018,...