CRPTOCURRENCY
0.618 Fibonacci Level (bearish retest of uptrend) BTCIt appears sellers may want a retest of $31,999 ish and that will be the deciding zone for either continuation to the downside or more up. If we bounce here I'm expecting a retest of the downtrend trend line where buyers will either break out or get rejected to form a downtrend.
Patience my friends, never rush the process of trading.
Short Term XRP is Moving Lower Short Term XRP is moving lower setting itself up for a major potential long opportunity. With the formation of an ending diagonal in progress; with completion of the 5th wave looking to be in the $0.15 to 0.11 region. Watch this area for a major price move if the lower support level holds.
PARABOLIC BITCOIN MOVEMENT! 30K NEXT???A PARABOLIC MOVE CONSISTS OF 4 BASES.
Refer to the link attach here: pixiutrades.files.wordpress.com
From the chart above we can clearly see all 4 bases and we are likely in the fourth base now that could probably send us to $28,000 to $30,000 range in days ahead.
But be careful, usually after base 4 is done, a massive pullback will likely happen. In this case, it could send Bitcoin back to base 3 at around $20,000!
Wish you all good luck! God bless! Remember to follow me for more updates ahead!
Merry Christmas everyone!
Road to $30KThat's all folks for this year. Bitcoin had an amazing year. If you have been following my last two bitcoin price movements they have been pretty accurate. Now we are in a new territory where it very hard to predict on the basis of support and resistance because they are so few. BTC is not forming any clear pattern as of now so I think it will go sideways until the next year. Where we will be able to see bitcoin above and beyond 30k.
Cheers
Happy New Year
BTC-2h.We are waiting for the breakthrough of critical points!On December 21, sellers had a chance to make a correction. Very quickly, the price of BTC tested the critical range of $22,500-22700 .
In the period from 17 to 19 December, buyers fixed the price above this range. Only after a firm consolidation did the price renew its historical high.
Given the importance of this range, we are considering 2 BTC Scenarios.
The first scenario shows that the market continues to consolidate widely in the range of $22,500-24,000. Buyers are gaining strength and preparing to storm $ 27,400. However, to consider the BTC in the long we will find only after fixing above $ 24,000.
The second scenario shows that buyers have lost the trend line and now sellers are preparing for a correction. However, a confident short can only count below $22,500. The first local target is $ 20,700.
So while the price is between the critical points you can view our Global BTC Ideas:
$BLT BLOOM give me my roses while I'm still alive Bloom has broken out still very early to get on this one before we have a locked in bull confirmation The EMA'S are still in a bearish settlement but from the raw candles you can see there is no resistance. No one talks about this one but I see some legit connections and relationships here
Golden Trendline Maybe its to early to call a direction of bitcoin since its only hit yearly high just under a week ago so there is no clear pattern formation just yet but lets keep in mind that
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Fear and Greed Index showing a 90 one of the highest recorded numbers .
We also hit the top of a log growth band and last time that happened the top of the band was 12500.
With January and March being historically bad months for bitcoin there is a high chance we see a long correction play out before the official bull run starts with bitcoin and that month is April 2021.
The last time bitcoin had positive growth in January was 2013 and in December 2017 , January has an average of 3.5% growth since its inception and March 3.1% .
There is a possibility of a Fake out scenario before the end of they year , if the price of bitcoin breaks out above 16000 expect a huge Fake out from about 16500 to 18500.
This golden trendline is just below the main log growth band its a money trendline you can make money of this trendline just look how many times we have rallied off it.
Four times in under two years and the last rally in September was just off the trendline too much buying pressure under 10000 to rally off it or are too many traders looking at this trendline? , normally when we are all looking at the same trendline or movement price does something unexpected.
The question is will it do the same 4th or 5th time?