Bitcoin (BTCUSD) failed again to break above the 1W MA200 (orange trend-line), closing instead the 1W candle in red and is pulling back. Today's study is on the 1W time-frame and compares BTC's price action through the whole year to the U.S. Dollar's (DXY). You would expect a correlation between the two but as you can see on these charts, it has gotten...
Morning folks, As we've said emotional reactions never stands for long and fundamentals sooner rather than later will take the domination again. BTC not just has reached our 26.4K target but also has broken the K-support area that was around. Now we're turning to the next one - 25.6-25.8K and do not exclude return back to 25K lows in perspective of 1-2 weeks
Last weeks high: $27490.1 Last weeks low: $26897.7 Midpoint: $26305.4 Despite several big news events relating to the FED funds rate, CPI & PPI, we saw a much tighter range last week than the week previously. We're already trading lower than last weeks low and confirmed as resistance with a bearish retest. It is interesting that the news events that used to...
Bitcoin is close to its ceiling in the daily time, there is still a possibility of a 3-5% growth for Bitcoin, but in the 4 hours time, we have a corner pattern that coincides with the ceiling of the channel in the daily time. Of course, there are still no signs of falling, but according to the aforementioned analysis, the possibility of falling for Bitcoin is not...
According to the analysis of Bitcoin, we are witnessing the decline of this digital currency. After breaking our support range, as we said, we are now facing Polk to this range, this growth can signal a sharper fall. Support and resistance ranges are examined in this analysis.
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. As you see in the chart, BTC is forming a descending triangle pattern in the daily time frame which is generally a bearish pattern. Currently, it is hovering inside the triangle. We might see another test of the upper trendline and also...
BTCUSDT Might Hit 20K Zone In Few Months TECHNICALLY And More. Confluence: Accending Channel Which Serves As A Continuation Pattern. Valid Area Of Values And More. Trade Safe
I am majorly looking at a major dump around $32500 range with a Mass psychology at first. Been on the watch for BTC to get to my sell point for few months now. Trade safe.
already in uptrend and consolidating in daily timeframe seems like now consolidation getting closer to breakout incase of breakout expecting massive bullish rally towards 25$ in coming months keep eyes on apt for confirmed breakout and do not trade without breakout
✅Bitcoin crashed, as I expected in previous posts. 💡Bitcoin seems to have formed the classic Ascending Broadening Wedge pattern. 🌊According to the theory of Elliott waves , Bitcoin seems to be completing its five downtrend waves. 🔔I expect Bitcoin to complete wave 4 near one of the 32.8% and 50% Fibonacci levels and near the downtrend line and then move...
BITCOIN / USD OUTLOOK If you knew that this was to play out, would you sell or would you buy or would you hold?
I've been watching BTC on a weekly frame, and it's been interesting to see how it's respecting the Fib channel. It seems to be following the pattern pretty closely, which is always a good sign even if we visit 21K. I hope it stays on track and follows the fib channel.
A clear shoulder head and shoulder pattern aims slightly dump. NOT FINANCIAL ADVICE.
bullish engulfing candle printing on the weekly in 18 hours. Price bounced of the multi year log curve support. RSI broke out of the descending trendline with heavy weekly bullish divergence. 2021 year's open is first target.
Last month I made an analysis on the BTC dominance (BTC.D) where I discussed an incredibly bullish pattern. The falling wedge played out as expected and the previous resistance is now retested as support. In my view, the BTC.D will continue to rise for the next months. I'm looking at a value somewhere between 55%-60%, potentially higher if we get a big...
Our swing long idea is still active and running but here is a short term long trade idea for BTCUSDT. The price has hit the daily support DS1 and it is likely to bounce towards 4h resistance 4HR1. Therefore, a long is favorable from this support towards that resistance 4HR1. This resistance zone is sitting around 27096-27196.
Sell btc- usdt @26600,sl-26840,tgt-26290. You can watch and follow trade setup
Bitcoin can move like this in the coming days. 27000-28000 is a good price for short positions.