BTC/GBP Another analysis for BTC/GBP
again bullish towards £40000.
If anyone has any opinions feel free to comment below.
The Crypto Planet
BTCGBP trade ideas
BTC/GBPBitcoin / Gbp
looking bullish towards £36000
Anyone got any thoughts or opinions about my idea?
please comment below.
feedback is always appreciated guys.
The Crypto Planet
BTCUSDBTC Pushed through liquidity to hit support and should Bounce off and either hit the liquidity at bottom of the range and push into a bearish trend
bitcoin / gbp Bitcoin \ gbp
What are your thoughts?
Do you see bitcoin going bullish towards
£40.000
Comment below.
BITCOIN / GBP Bitcoin / gbp
£35000 ??
Let me know what you think of my analysis and prediction below in the comment section .
Thanks
The crypto planet
BTC interesting breakoutThere is going to be resistance at 30864. If a breakout above that and getting support at that happens we could be off to the races and resuming the bull market. Too early to tell yet.
Bitcoin Price Prediction 2021 RealityA real and thoughtful price prediction that I can 95% assure you will play out. Please check out my Bitcoin one as well.
Potential directionWe should briefly bounce back and retest the support - if it holds we will form W and break out from the channel if not we will test 25k support
A tentative rise in BTC over next few months?After such a deep sell-off we've seen the market nervous for the last month with short sharp rises and falls.
I think we may see a gradual return to confidence over the next two months following tweets from you-know-who. Plus the moving averages seem to be moving back to a positive formation so this may give it a small boost.
I think we may see larger, longer rises and dips over the next few months as enthusiasm begins to return.
Not financial advice - just hunches!
Perhaps BTC will make up it's mind by the end of the week?Bullish uptrend (shown green) originating from before the main bubble has offered support 3 times since the recent correction.
Even though we are currently in a parallel downtrend (white) we may see a change in BTC's fortunes by week end.
BTC forming descending trianglePrice appears to be forming a descending triangle. This usually results in price continuing its current trend(down).
BTC decission time soonwhich ever way we break it will be a volatile move. My TA favours a bear break.
BTC 7 reasons I'm bearishI see 1 more leg down for the stated reasons. If you have any questions please ask and I'll try to explain. This is the BTCGBP daily chart
Rising wedge / bear flag Bitcoin looks to be currently forming a rising wedge under the 200EMA which could signal another leg down in BTC price in the coming days.
Validation of a breakdown would be a breakout and retest of the rising wedge to the downside. Target £20,000.
Time to rebuild?Have we now hit the bottom of the immediate downward correct? From my perspective, it appears so, although a delicate time over the next 24 hours to see if tentative steps can be made onto the upward trend channel. Potential targets are £32k, £34.5k and £36.5k. I believe ultimately a big bearflag will be formed and we'll be back on the downward to targets of £23.5k and £21.5k.
£30,000 for another drop?RSI still showing a negative divergence. Resistance at £30,000 is also in line with the 200 EMA on the 4HR. This could be the level where longs get trapped, be careful.
IMO this is a dead cat bounce as we go much lower once £30,000 is rejected. Short at £30k.
