Bitcoin to complete Daily/4H fibonacci and fall back down into weekly or monthly levels at around 20,000.
Entry: $9450-9400 Tp1: $9250 Tp2: $9176 Tp3: $9128 Tp4: $9080 Then Long It With Stop Loss at $8900
BTC/USD SELL OPPORTUNITY (4 HOURS):
Another bear flag broke taking us to another support level. Will update as pattern changes.
Hi guys! I think the 10k that everyone is talking about, might not gonna be reached before a major correction. Or if we do hit the bears gonna step in immediately. Why I think that? If you look the 2015 chart when the bear market ended, the first parabolic move took us to 500 USD. It is very similar to 10k because it is a big psycholgical level and also a round...
Hi guys! As you can see my chart we touched the 7.4K-7.5K range 4 times! You might think that the more time we test a price level, the stronger is becomes, as a support. However the opposite is true. The more time we test a level the higher the chance we gonna break it. We also made a lower low on the 4H chart, creating a double top formation. Both tops are on...
Hi guys! I wanna share my analysis with you, I do hope you find it helpful. If you liked it please leave a like and If you have any questions leave a comment below!:) BTC is now in a clear bear market, price action is negative and the sentiment is also negative. Will it moon or we gonna crash? No one knows. Anyone stating that it is 100% gonna go up or go down...
Hi friends, It's been a while since my last post, I am quite busy these days, but now we are at a key level and I have to share it with you. As you can see after the rally to 10k we had a big correction. We hit the 0,618 fibb. level as known as golden ratio. Today's closing price is a very significant one. We are in a downtrend according to 200MA (RED LINE) and...
Literally every time I open my TradingView I see retarded bitcoin analysis, sorry. I really don't understand why people bother lol. So me being a hypocrite, I decided to do an analysis. Bitcoin nicely respects Fibonacci. SO plan your entries if you're insane enough to trade it. There is still giant selling pressure. Predicting bitcoin is jokes. everyone is...
Hi friends! Scary things are happening to bitcoin. We not just broke the 200 MA, but we are also about to break the almost 1 year Bullish trendline. Yes as you can see it is on the log chart. Since I am a new technical analyst, I have thirst for knowledge and want to learn as much at is possible. In the book named: Alan Farley - The Master Swing Trader, I read...
Hi guys! It seems we had a false breakout. We did not have enough volume to push the price higher. Reversed hammer/shooting star is forming = strong reversal sign. Closing below mid-term downtrend daily means we are still bearish. First target is 9.3k, our previous low.
Hi guys! Here is another quick analysis. So going back to a few days we had a nice gravestone doji/shooting star (on the daily chart ) showing that bulls were running out of power. Next day the red candle confirmed the trend reversal. We successfully broke the 10k psychological level. We also broke the 9.5k resistance which was a resistance before and...
If you have look at the daily chart you can see a clear hidden bearish divergence which is a trend continuation sign (confirming that we are still going down). It also forming on the simple RSI too. On the MACD the lines arent crossed yet. We might move up to 9.5k and possible create a double top there then move down. Yes we broke the bearish trendline, but it...
Hi guys! let me share my idea about BTC. It's my personal opinion, I'm not telling anyone to buy or sell bitcoin. As you can see on the mid-term we are going bearish. The price failed to break the 0.786 fibonacci level which is around 9k and bounced back. What makes it more important is that, at the 9k level we didn't just bounce back from the fibonacci level but...