This drop should have been a stop run, I think it's likely we resume going upwards
I think we are trading in an complex correction as part of a wave 2 which will take us towards lows of 3K (but not below) and then higher - MUCH higher for a wave 3.
✴️ BTC Update What's new since yesterday, guys? Let's take a look at BTC! Last time we analyzed Bitcoin, it was around $6,350. It's now at 6436 after hitting a high of 6650. The daily technical situation that went negative again yesterday gave a buy signal on the WaveTrend again. The 4h technical situation remains positive for the moment and we can see signs...
This is just my personal long term price prediction for bitcoin, not based on technical indicators but based on what my eyes see and what the mind thinks it will be :-)
BTC has been rotating in a range between 7500 and 6500 for the past two months which leaves neutral traders with an unbiased position above or below two levels. It could go one of two ways and there is both a bear and bull case to be made. The bull case, a little less likely it would see is that BTC creates a triple bottom at 6665-6700 and rebounds. It will have...
BITCOIN, It may still fall on the last two supports Today all the main media available to bitcoins have been violated and we are in the area of potential purchase by buyers. I believe that in any case, given the large shaded volumes and the sudden collapses, we have slowed down the spirits. The current correction seems to depend on small purchases, whales must...
Did everyone make sure to NOT buy earlier when most believed we were in a bullish flag? I hope so...I sometimes wish my post reached more people but this is where my followers come in. Please. If you know someone having a hard time tell them to review my charts and understand how BTC and trading overall works. Always refer to fibs as your discount rate. Would...
If this is not a bulltrap, I'm bull for the next day.
Take note this is a bullish scenario. Short and Sweet Analysis for Bitcoin Buy around 10400-10500 USD Sell around 11000 USD area
Does anyone have a roadmap like this??? Buy anytime we are near the PURPLE DOTTED LINE. In fact, if you believe in bitcoin, DCA (dollar cost average) on the way up and now! Anything below the purple value line is a spring/shakeout. By my estimates and how the parabolic ascents of support and resistance line up, bitcoin will eventually and soon approach...
Hello everyone, I´ve spend many days watching the Bitcoin tickers at many timeframes for many years and I realized this is the ultimate chart with important trendlines / gread & fear (based on RSI) / halvening setup which seems to be respected for many years & in my opinion from long tern perspective investing this Weekly chart is most important history based...
After several failed attempts of crossing the 20 days Moving Average and changing the trend from bearish to bullish, we all remember the big drop which happened in November when the total market capitalization has significantly decrease and Bitcoin lost almost 44% from it's value. Since then, we could see a period in which the price has been moved sideways...
After a period in which the trend was considered bearish, because the price was between the lower standard deviation of the Bollinger Bands and the 20 days Moving Average, this one has crossed the latter and based on higher trading volumes it created a "break out" from the trend channel and also went through the first Resistance Level of 3463$. From the technical...
After 11 days of sideways movements, the price of Bitcoin has started the year with the right foot and it had a progress of 4.97% so far. The bullish trend has started on the 18th of December(on a 1D chart) and since then we could see 4 attempts of the price to cross back the 20 days Moving Average but all 4 were failed. At this stage, the RSI is 51 so it can be...
We must go up first, i am aiming for 44 and maybe 51- everything is in the chart for you.
After it was dropping since the 8th of November, the price has managed to break the 20 days Moving Average for the first time in 4 days and it seems to start a slight sideways movement for the short term. From the technical perspective the RSI has a neutral position, the Stochastic is indicating that the price may decrease while, according to the MACD, we can...
Finally btc made some moves and printed a rising wedge, it's overbought on stoch and we have a TD8 on H4. We have a good RR for a short.
The pullback to the untested level of 61xx is overdue. The chart describes pretty much everything. I see price making it up to somewhere close to the blue horizontal line I have and then a massive retreat down. With everyone turning into bulls very fast, dumpers have one more to go before the books get to bullish, and before they get bullish themselves! We don't...