Here is my count on low TF. Above 44k => Bull if it stays under 44k we will visit under 40k btw: i don't believe in halving and ETF etc ... :D Check my main count for BTCUSD
Bitcoin corrected from the highs by about 15%, you and I have been tracking all this movement, with constant monitoring of trades, and we managed to make good profit on it. At the moment the price is consolidating in a narrow range with the upper boundary where sales appear at 27600, and buy back the price at the lower boundary around 26500-26700, from this zone...
From the start, I thought 27k was unlikely to be a real bottom. And with real bottom I mean the bottom that would kickstart a new uptrend that would take Bitcoin back to 30k. So knowing that Bitcoin takes roughly 65 days to complete a daily cycle, the bottom of April 23 was not the real bottom. However, I believe that the next one is near. I expect it will happen...
Market in last 24hrs -BTCUSD saw a sideways movement -Price volatility was relatively low. The market moved ~2.17%, between $11.85\\94k and $11.69k Today’s Trend analysis -BTCUSD expected to see a slight uptrend as Bollinger band squeezes and price trading above the midline band -Price at time of publishing: $11,887 -BTC’s market cap: $218 Billion -Oscillator...
Market in last 24hrs -BTCUSD moved sideways below the midline Bollinger Band -Price volatility was high. The market moved ~4%, between $11.44k and $11k Today’s Trend analysis -BTCUSD expected to see an uptrend as after squeezing of Bollinger Band it is followed by expansion and breakout -Price at time of publishing: $11,404 -BTC’s market cap: $210...
we wait for a short sell as pattern shows a sell pattern see old analysis tagged below
"When price and volume move alike - up up or down down - the market is bound to post higher price levels... The rationale for this is obvious: an INCREMENT in price should rarefy the buying power... But it does not: hence higher prices. a DECLINE in price, on the other side, should stimulate the SELLING PRESSURE... But it does not: hence higher prices." -- Jesse...
BTCUSD: Bump and Run Reversal Top Scenario Based off Bulkowski
BTCUSD: 2019 Repeating 2018 Bump and Run Bottom? - Bump and Run is the #1 most bullish chart pattern Per Bulkowski (thepatternsite.com) - To identify a Bump and Run, look for a frying pan base with a downward sloping line with a rapid drop then leveling out with a rotated turn. - "The bump height, as measured from the trend line to the lowest low, should be at...
BTCUSD Ascending Broadening Wedge/Falling Wedge 8.1k-8.6k Bottom - Two Alternate Ascending Broadening Wedge Formations Drawn with decline leading into bullish Falling Wedge formation. - Breakouts downward of ABW at ~10400 or ~9800. - Per Bulkowski, average decline of Ascending Broadening Wedge is 17% - Targets ~8640 and ~8140, respectively.
BTCUSD: Wyckoffian Reaccumulation not Distribution. Comparison to 2018 Top. Theory: Bottom is Already In at 9k or Will Be in Shortly in ~8.3k-8.8k range with Spring #2. Look for breakout through JAC (Jump the Creek) as confirmation.
As said previously in my analysis, the BTC price has drifted between the $3,950-$4,000 level more than 8 days with some small exceptions. The price has printed a nice consolidation area around the $4k (yellowish box) but it starts to show some weaknesses inside of this box. First of all, it is below the major counter trendline and if the 4H candle gets a close...
Bitcoin has recently tested 6.8 and bounced back to where it started the wave from, the pump was created by Bitmex being down and many of us are calling it an exchange manipulation and the dump was due to ETF rejection by the SEC. But we all was know that there are technical factors which indicate all this moves, and if you look at my chart from 14/08 you can see...
#Bitcoin looking sweet. Have switched chart to log to please some peeps.
Updated. I've created for the Weekly chart my usual box set from Williams Fractal patterns with fib. levels, plus trend lines. For the Daily chart my first focus will be on identifying stops and describing my strategy.
I'm going long because my Daily ADR 49 went higher than the base pyramid (indicated with green arrow). Sounds crazy but you got to start somewhere.
I'm going long because my Weekly Stoch RSI turned positive. Sounds crazy again but got to start somewhere.