Bitcoinchart
Bitcoin is farming Head and shoulderBitcoin is farming Head and shoulder in 1 Hour Time Frame if this happens than surely 16000 is on the way. keep on eye in it.
These times are crazy times. Just a possibility. Could just be a big double bottom consolidation phase before boom boom diggity. We are going to have to buckle up and see what happens. Printing more USD will potentially add more fuel to the fire(Most likely they do a lot more printing). I am no financial pro/advisor just a dude who enjoys drawing lines on charts to see if maybe I can tell the future in my own eyes 😉 . Do your own diligence.😁
Rising Wedge forming on the Short TimeframeBitcoin is moving up in what might be looking like a bearish rising wedge pattern on the 1H Chart. Entry, SL and Targets are on the chart. Seems like a risky trade but worth taking for me. I still think we will see prices in the 7.1k- 8.2k regions in the next few weeks but Bitcoin might go up to 9.3k-9.5k if the current setup fails. Pumps are for shorting. Good Luck!
Can Bitcoin now get to new highs? or it is just a temporal P&D?Loot at chart!
And keep in mind...
-Unemployment growing globally.
-An avalanche of bankruptcies to come soon.
-People need cash to buy food and daily necessities.
-If corona wave 2 is bigger than the 1st wave, things might turn more difficult.
-If US stock market doesn't recover and keeps dropping it will affect all stock market and economies globally.
-Bitcoin trading haven't seen blood in the streets yet.
"MIRACLE WAVE" on Bitcoin, (Step by Step action 1 to 4)Action 1:
Up-Major Parallel Channel (X)
Down-Minor Parallel Channels (Y) & (Z)
Looking at both channel (Y) and (Z), it turns out that there is a SLIGHT different between it.
Action 2:
Used two Rectangles(i & ii) to measure the movement.
The length & width of both rectangles are the same.
The point where used by rounded black circle has been touched at value low(lower line of Major Channel X )
Action 3:
Applied " Control Price " from labeled "a" to "i"
Action 4:
" MIRACLE WAVE " at 6854 approx. from " Control Price " that is projected.
BTC still not convincing.. Forgive the sloppy drawing but the point is clear. It seems like Bitcoin has peaked this time at around $8,996, failed to break $9,000 and break out of the downtrend or the 200MA.
This current trend is eerily similar to the 2018 bust.. lots of selling with the occasional bear market rally. Bear market rallies are quite common, especially in stock markets (2009-11) had lots of bear market rallies.
Coupled with lower volume, weak buyers, we can expect a sudden selling putting Bitcoin back below $8,000, unless of course we see volume increase and buyers coming in. As BTC is now listed through CME, it could be that lots of BTC investors have went into the stock market and got greater returns through stocks that BTC as the markets are setting records almost weekly.
Resistance at circa 8583Major resistance line at 8583 (magenta line).. Doubt it will break through right now but if it is it would be a good time to long 🤞🏻🤞🏻💸💘🚀
BTC possible inverted head and shouldersWatch for a rejection of the $9600/9800 witha re buy zone around $7800/$8000.
Bitcoin Monthly Log ViewBitcoin has been a power house lately, lets watch as the 2020 halving is coming soon.
CRITICAL LEVELS!What to look for! A break of the resistance could mean higher move, a breach of support/200ma could spell strong move to the downside!
Critical levels!What to look for! A break of the resistance could mean higher move, a breach of support/200ma could spell strong move to the downside!
hoping this plays outunless all hell breaks loose bitcoin will never go below 6k again..... short term we will test lows this 12-13,800 resistance channel will not break just yet it could.... but im expecting some blood
SHORT-TERM BULLISH BITCOINHello!
Over the night we got a pretty bullish price action.
The BTC' price bounce upwards from:
1. The Fibonacci golden ratio 62%-65%
2. The strong support area
3. The round number at $6,500
4. ..and the 4h candle formed a bullish "Hammer"
So, currently, it looks like a very good setup to make short-term trades. The first target would be the minor trendline and after the break the major resistance at $6,767.
Only thing what I would like to notify is the altcoins, they don't show any significant signs , just some altcoins are on the plus side and others are on the waiting mode. Let's see what we got from the current setup but overall it looks perfect and always You have to always consider, that those perfect setups may fail also ;)
If the price starts to fall downwards again then it would be a first bad sign that the momentum has gone and a second sign is a candle close below the $6,500, from there You have to be very careful! The major bearish confirmation would be a candle close below the $6,460 from there You have to stay away from the market!
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*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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BITCOIN Reistence and supportif break down below $ 7346 would go down to $ 6731. If it goes up 4-5 days fore Potential up to $ 9000.
