Inverse head & shoulder for bitcoinInverse head & shoulder for bitcoin
Maybe we go to 49700 line.
Don't forget to push the like button. Thank you.
BTCEUR trade ideas
Limbo action on BTCHello wonderful person!
I have added my thoughts into the chart, hoping this will be quicker to read and understand than a wall of text.
Just some pointers are that the first Fib retracement is added from the very start of this first upward price action (First trend).
The second fib is actually a Fib trend extension that measures from the first correction and up to the top afterwards, and then to the 2nd correction. I will use this one to spot new resistant lines and support, but compare with the first fib retracement.
Stay safe and good luck trading!
Bitcoin still in downtrend channelBitcoin still in downtrend channel
At this moment we have support on the 38836 line.
If we break that line maybe we have support of the 200 MA at 38259 line.
If we break the line we go to the purple support line 37635.
If we break that line we go to 35771 support line.
And if we break that line we go to 33968 line.
Don't forget to push the like button. I don't ask any money. You can help me with that. Thank you very much.
BTC about to cool down? (First analysis - please give feedback)My first trend analysis. It looks like the parabola below was supporting the graph until the roof was hit the second time at all time high. I guess the price could tumble now since the parabola was broken, but I’m not very experienced in 1: creating these support lines and 2: interpreting them.
Please give me some feedback.
Updated prediction after recent correction. BTC still bullish As we see with each drop, some bad news started with Elon Must saying the price of BTC and ETH was too high. On the next day both the BBC and Bill Gates said on separation occasions that they were anti BTC due to environmental issues. Yet more and more banks diving in with now Citi Group suggesting BTC could become the future global currency, with luck we move to the next ATH within the next two weeks.
Bitcoin broke the uptrend channelWe broke the uptrend channel in yellow.
We are now in a downtrend channel.
If we go further down we shall go to 38971
or further down to 35771.
Don't forget to push the like button. Thank you.
Bitcoin stays in rising channelBitcoin stays in rising channel
We go to 43600
Don't forget to push the like button. Thank you.
Bitcoin is in a rising channelBitcoin is in a rising channel
First we go to 51600 then we have a retest of the line 48083 and then we go to 54210 euro.
Don't forget to push the like button. Thank you.
China mining ban announcement by April - Bitcoin surges 9% China's Inner Mongolia will end all cryptocurrency mining projects and stop reviewing new projects in industries which consume large amounts of energy, as it attempts to meet energy efficiency targets. All cryptocrurrency mining projects - which require huge amounts of computing power and hence use large amounts of energy - will be shut down by the end of April this year. Inner Mongolia is an attractive "mining" spot alongside Sichuan and Xinjiang due to low electricity prices.
The region accounted for 8% of bitcoin mining computing power worldwide, China overall, accounted for 65% of the total!!!!
Falling wedge for bitcoinFalling wedge for bitcoin
My price prediction : 42560 euro
Don't forget to push the like button. Thank you.
BTCEUR Experiment - Levels of stupidityTop at 48K EUR:
Price was sitting at my top red-striped 'drop' line. I should have sold half of my trading portfolio. I didn't. Instead I made a new chart saying we would go up. That's plain and simple madness.
Rotation point A:
It passed underneath, which meant downward slope. I should have taken action and sell the remaining half, I didn't.
Result:
Bags and no money to buy the dip.
Now I expect price to visit the red line, so I could sell here. But is it worth it? No, I just hodl.
Principle of resonance I'm not an economist, I have an engineering degree. It is just an interpretation. I tried to looked at the chart as it is waves it the water when it is raining. I randomly matched all-time-high peak with fib arcs and notised patern of peaks connecting with other arcs. Of course, the motion of the curve is not random and can be influenced by many factors but I think another peak coud be somewhere the arrow is pointing.
BTCEUR - short term patternthe short term support has been tried and have hold so far. we could see a continuation of the upward trend. Volume will be of prime importance in the next days.
