I’m expecting Bitcoin to have a small correction to 21000-21500 for a push up to 25k after the drop.
Bitcoin seems very bullish today especially if the 1 day candle will close with a big green candle and small wicks. 1. We can see that the bitcoin price breaks out from its falling wedge in 4 hour timeframe. (Some will see the pattern as a descending triangle.) 2. The price crosses upward in the 200 SMA in the 1 hour timeframe. As long as it stays there, we are...
Here are the list of why I'm buying based on 1 hour timeframe: 1. +Di is above the ADX and -DI. 2. As of now, we can see that the -DI will go below ADX which is very bullish indicator. 3. The slope of ADX also counts. The slope of ADX is preparing to go higher. 4. The 25 SMA and 100 SMA will cross. It is very short term and the trend can quickly reversed...
The -DI crosses below the ADX. That means profit taking for me and I'm looking for opportunities in 1 hour and 4 hour timeframe if it comes. From now on, I am gonna wait for potential buying opportunity. Check my related ideas. Sorry for hyping a 14k bitcoin haha.
Right now we obviously still in the bearish waves LONG TERM, on the weekly we have created a bit of a support bouncing off the 2017 highs of $19000. I believe we are one more deep pullback away from making some life come back into the crypto market... if we break $25000 that could be the turning point but for now I do see price creating a bit more excitement...
Hello traders. Bitcoin has given us a sharp push upwards, I'm personally looking to trade this all the way to break the top ($25207). Look for a push up from $20582 levels. 1:2 RR. Trade with care,risk small...
Hi Team Analysis to follow in comments - Scalp buy for Bitcoin right now, don't want you to miss it! Good Luck, Trade safe DrBear
I’m currently more inclined to go upward because we break the horizontal channel with a strong bullish candle and it just pull back. I add more position to my long position.
I might take some profits in 26,500. If we break above the recent high, we will confirm the breakout. DMI still looks good.
I made a mistake to see it as an ascending channel. The truth is it is just horizontal channel. I adjusted my 25 MA and 50 MA to 10 MA and 20 MA because it's lagging. It is still bullish for me.
Currently listening to www.youtube.com See my related ideas for more info. If I'm wrong I will cry :(
I'm changing my sentiment to buy if it breaks above the channel I go enter a long position.
If the MA cross and the ascending channel broke, we might have a big rally to the upside. The DMI looks good because the +DI goes above 25 level and the ADX will go below the -DI which indicates a very bullish indicator. We also need to remember the confirmation that we need to break above the channel and the MA cross to be sure. But for me, I already entered...
I recently take a loss from a trade (see the link below). The -DI also go below ADX on DMI which means the bears are losing control. There is a new support and I'm waiting for confirmation of the MA to crossover. I will enter a trade if the MA crossover.
check it you know nothing else to say - the most beautiful M buy youve seen for BTC
On Jan 7 2022 we posted above analysis based on Logarithmic Growth Curves. Below is the content from the post. """"""" If we look at the entire history of bitcoin with the logarithmic curves we can see that the volatility has reduces drastically compared to previous years. As the bitcoin adoption increase, it becomes more slower and harder for BTC to break its...
As we know at the every top and every bottom of the correction in the last year there has been form either a Wyckoff Distribution or Accumulation Schematic allowing Smart Money to Accumulate their Positions for an upcoming change of Trend. This Time should be no different and we already see a possibility of the Wyckoff Accumulation Schematic forming on the Bigger...
A wall of text would do you guys and gals no good.. so let's jump to business! 1) Higher lows on short-term and longer-term time-frames. 2) Big triangle consolidation on 4H chart marked with arrows on highs and lows. 3) Around current rates (41,600) is an important resistance (triangle consolidation top) - Once surpassed, the next level is (43,300) - A break...