Wow it amazes me of how long BTC has been consolidating between this price range due to the fact the circumstances in the economy right now. It has been holding its value very well, maybe we might have a break out to the upside for short term then probably hitting resistance around the 34.2K - 35.3K price range. we'll just have to wait and see.
BTC 1h chart update What we are currently looking at is a potential bottom scenario forming - we had a big sell off event in those last candles before pivot points started showing bullish structure with setting higher-highs and higher-lows, breaking into space between 50 and 200 EMA. The big sell off at the end is usually when bears make a final push, but the...
BITCOIN til Jan 2022 First Target Bottom Circle Second Target Top Circle
I predict that if the price does not stabilize at the current level for tomorrow, we will see the designated areas in order. And this is not a bad thing, because this market needs this correction to achieve higher goals ($ 100,000) Bottom line: This reduction is temporary and will last until the end of November
The price in general is extremely bullish I will be discussing the different situations of the price starting in the monthly time frame all the way down to daily Monthly The price is in the process of creating a new higher high. The price base in the monthly can easily reach the 75000. If you take the fibonacci from the low of the correction to the hight. You...
This is just speculation but I see two possible plays coming up here in the short term for BTC. Both plays end up with Bitcoin dipping further down one just happens sooner. The yellow line is what could happen over the weekend and the blue line is what could happen early next week. When I drew these line, I didn't expect to draw a scary monster looking Creature lmao.
Quick trade - SL ~38650 , keep trailing stop loss Increase long above 39425 Low volume is a problem and thus move might not be sustainable
Context: I am an amateur trader, feel free to share your thoughts!
Hello there, The resistance point was reached around 11,400 USD, the trend going from decrease to increase, which is confirmed when the price remains above the yellow line and above the point indicated on the blue flag on the chart. Depending on the chart, the BTC has some support points that it can reach in the next period, but also some reasons why it would...