BillCharison

BillCharison

To be honest - it is one of the most difficult BTC UPDATE for me. There are only 45 - 60 minutes before Binance will resume withdrawal option and a lot of people will use this opportunity to withdraw their funds from the exchange (fix profits) . Logically, it should lead to a dump of the whole market. However, everything is not so simple. If it is so -...

BillCharison

Congratulations to all people who followed our ideas and recommendations to open LONG , we've caught the full movement from $5000 to $7000 which is more than 40% net profit without any leverage. But okay, enough is enough, let's consider BTC further movements. We just have finally come to the major resistance level which is located at $7400 - $7700 . This...

BillCharison

The Bitcoin has broken through the resistance at $6000 and took hold above one. For the crypto market, it means the beginning of the new up-trend because for a long time this level was the strongest support. From the level, $6000 $BTC has formed a lot of patterns: double and triple bottom, Head & Shoulders and many more. However, this is not the last resistance...

BillCharison

Bitcoin price has formed an ascending channel , more likely we will move inside this channel in the coming days. So, if the price breaks through the upper edge of the channel - we would move further upward if the price breaks the bottom edge - we would go downward. However, let's take a closer look at the situation. The strongest support level is located at...

BillCharison

What can we see today on Bitcoin chart? The price has twicely tried to break through the support, both time unsuccessfully. After these actions, the right shoulder of inverse H&S pattern was formed and the price went upward. At the moment I expect from $BTC to trade above the resistance $5800 and then going further. In case the price will move downward - we...

BillCharison

The Bitcoin chart wasn't only one chart that can be analysed based on historical data. Another one is BNB where we can see an ascending channel. Taking into account facts that Binance is going to launch a Margin Trading platform and continues promoting their coin - we can be sure that this channel won't be broken. As many people have already mentioned - there...

BillCharison

Over the course of crypto history , people were wondering about its future. Some people keep calling crypto a bubble, while some people arguing that within a couple of years, fiat money will die and be replaced by crypto currencies. Luckily, now we have more data to analyze the chart and make predictions based on full technical and fundamental analysis. That is...

BillCharison

In the previous update, we've written that if the price falls below $5650 and consolidates below this level, you can open a SHORT position. However, after breaking through this level, the price didn't fix there and quickly came back, which tells us about the strength of BULLS who keep the price above $5650 . But if we see the weakness of the buyer and the...

BillCharison

The price takes hold above the strong resistance level - $5650. At the moment we can see how a triangle with flat top is forming, as you know - it is a bullish pattern. So, in case the price will break the $5800 level and keep above $5850 - we can expect further price movements. However, in case the $5650 support will be broken - we can open a SHORT...

BillCharison

A lot of traders have noticed H&S pattern on BTC/USD and starting to open shorts. I have something to say about this. First of all, always keep in mind that number one person is MM . His goal is to force us to open a position in the opposite direction of his own one, so that he could successfully kill our stops. Manipulations on the crypto market are organic....

BillCharison

Using the same strategy here, resistance hasn't been broken. However, if it breaks, there will be a possibility of an inverse H&S. It will be a buy signal.

BillCharison

Well, as we can see - the price took hold above the strong resistance (±$5235) and now came to the another resistance ($5350) that is formed by a flat triangle's top edge. If the price breaks through this resistance and takes hold above, we will have great chances to see upward movements to $5400 - $5500 -$5600 zones. However, in case the price won't break...

BillCharison

Straight out the gate I want to tell you about the closest resistance level: $5207 - $5237 . As the support level we can take a $5100 , but this one is very weak and can't be determined as a support. I can suggest that there is a strong seller who placed sell orders at the mentioned resistance. So, the main question is: WHERE THE PRICE WILL TAKE HOLD . Below...

BillCharison

On the left side we have two charts of crypto market capitalization. The upper one shows the crypto capitalization without Bitcoin, while a lower one shows the capitalization of the whole crypto market. At the right side we have a BTC chart. Hope you mentioned that on the every chart was formed a triangle, let's consider every one: 1. CRYPTO MARKET...

BillCharison

In the last idea I've written about the powerful resistance at $5635 - $5665 and give an assumption that if the price falls under $5480 and keeps hold below - $BTC would fall further. That's what happened. No doubt, FUD with Bitfinex played its role too. At the current moment, the price has broken even the ascending support and at the moment our main support...

BillCharison

BCH just broke through the support at ±0,0518 and now going to retest the resistance at 0,0518 - 0,0525 . The price is located below the MA 200 (4H chart) which is a strong resistance too. Stoch RSI is very close to the overbought zone, no convergence on RSI . Summarizing all facts , we can conclude that there are almost no reasons for a growth,...

BillCharison

The previous BTC idea worked out perfectly: the market pumped from $5200 to $5650 and faced the resistence there. If we look at the market globally, we can notice that the price fixed above the previous highest level, which tells us about strong bullish mood. That's why the price keeps above $5500 and doesn't go back. On the other hand, today for the very...

BillCharison

It looks like the Eliott Cycle has ended with 1-5 abc waves. I'am waiting for a new growth phaze, can see huge buyers. There are two strong ascending support levels from where we need to buy the main part of the position. Oscillators are oversold. Resistances were mentioned with dotted lines. If you like this idea, do not forget to put Like and subscribe to the...