This is more of an experimental scenario, however there is always a probability this could happen. I just won't be too optimistic at this point since we are bearish at the moment and are still making New structure lows and Lower highs, however if we go to $2,800 and start showing signs of reversal it might be time to buy more for the long-term. This scenario calls...
Hi traders, 55k PRICE TARGET As you can see on the daily chart of Bitcoin (BTC). A resistance line has been a key figure in this downtrend. However, this resistance line was just broken and we have broke out! Pulling up the Fibonacci Retracement, it's safe to say the golden pocket target is at 55k. Watch this level very closely, Safe trading -Pulkanator
I'm not seeing any signs for a short. The price tested the previous ATH and now it's in a trending channel. I would wait for more confirmation to go long for short-term, but if you have any the chart says you should hold. CAPITALCOM:BTCCAD
Canadian dollars or or HBIT.U $6.36 USD Don't be part of the mass that says "I should have bought Bitcoin when it was cheaper!" It's DIRT CHEAP! 1/40th of its stable state from my rough calculations where where 1 Satoshi is worth one penny (or so). Watch HBIT's volume increase as institutional whales come into the the world's new BITCOIN ETF! HBIT...
Chart made by That Martini Guy, Find the analysis of this chart on That Martini Guy YT Channel
This market is very scary and is not for everybody. Please trade at your own risk. think long term and only use money your okay on lossing... I've been into crypto since the 20K crash and this is very very exciting, don't watch the news, just watch the charts and zoom out. Happy profit everybody and good luck
Consolidation ahead looks like to touch 42000.
Bitcoin is very extended and it will evetually pull back for a healthy retracement. Support around 2000, can fall for months here be careful dont get caught holding at the top. There is a possibility of a flash crash as well. Making lower lows.
If we take a fib retracement from the last high to the low during the crash we get these levels. You can see these levels have consistently been major for Bitcoin, or example the 0.5 line has had a lot of price action around it. Now that we broke out we're approaching the 1.6 level at 30k. I'm posting this to show how price isn't just up in thin air, we are right...
$BTC already failed a couple of times to break the resistance level. IMO it's do or die time.
Seems bears have been successful in holding the last stand point for the bears, however our orange harmonic was invalidated, our blue one is still valid, the 0.886 wasn't matching until I moved XA from the preceding local top to the current one; the PRZ has been listed for that harmonic; and there is also a smaller harmonic aswell which has a point of support at...
Little update for those following the daily analysis , since it was on the 4hr chart it is hard to update on the structure daily, but will follow the underlying trend for the 1hr. The shark is still in play however I have removed it from the chart to de-clutter it (See 7/3). The short-term structure is still bullish but it is near a possible LH for larger...
My apologies for no daily analysis for 7/2, am still under the weather. The harmonic I mentioned before that would probably play out if we break above our NSH has played out. However, the PRZ for the Orange shark was based off of the candle bodies, the fibs placed from the wicks have not been breached so it is not invalidated just yet and we are near a LH...
Today was a wild day, bulls came in and painted a huge green candle that took us to the top of the megaphone resistance, however I am a bit conflicted as I mentioned before how we are making structure failures all around because of the nature of this formation (Expanding not contracting) so stops will be hunted. We are making NSH's for the new structure which...
Not much to update today; price action is lingering within a range. Is resting on the top of the channel so if we should expect support a good spot would be at the retest of it. However I am still bearish over-all as I don't think bulls will have the momentum required to bring us past previous NSH's, targeting TP2 and areas around if we cannot break our green...
The bears have taken the reigns of the megaphone as they have broken through the bottom of the range we had in our previous analysis and the HL made by the bulls. I am targetting the 61.8% ratio for the PRZ of after D for the Harmonic as TP1, and if that breaks downward, TP2 would be the bottom of the megaphone boundary (probably the last bounce we'll have on it...
Seems the megaphone is still present and still vicious. Looks we might also be retesting the PRZ for D leg of the Harmonic to close in that area, if we break above our short-term harmonic will be invalidated and a larger timeframe harmonic will be validated; if this occurs the larger Harmonic will be included in tomorrows daily analysis since it is a higher...