Well... That was quick.. At this moment RSI is massively oversold (14), and we made a long way down, so a temporary bottom could be in. This way up? Welcome to the bearshow everybody. It will take some time to regain momentum and make a nice set-up, but if cathing knives is your style, this would be a nice moment. What would be bullish? If we close above 52K and...
Doesn't feel very bullish at the moment. Bitcoin always has a way to suprise you, but this descending triangle* (bearish continuation pattern) looks like a recipe for more downside, before going up again. Took some BTC and ALT profit of the table last tuesday (after the dip) and looking to take some more around 56K. Love to be wrong tho.. * A descending triangle...
Pretty good close, after such a disgracefull red candle, caused by FUD. We need to regain 58K today i.m.o.. Trade with caution..
As expected, a breakout! In price discovery mode, I tend to look at the fibonacci levels, for possible resistance along the way. TECHNICAL ANALYSIS: FIBONACCI. Fibonacci analysis is the study of identifying potential support and resistance levels in the future based on past price trends and reversals. Fibonacci analysis is based on the mathematical discoveries of...
Dear Bitcoin, What are you waiting for??
I expect a tight squeeze, followed by a big move. Hopefully, in our favor.. My guess? Up!
Make or break moment! Beautiful retest of the channel and steep movement upwards. Would be super bullish if we break trough at once!
Would be a really nice place for the next rally, but.. The blue line MUST hold!
Took a lot of profit in BTC and Dollar, between 160 -170BTC and between 0.09 - 0.10$. Happy that I did. If we see a rejection at 160, 140 is propable.
When it broke it, it broke out fierce. Next stop 51-52K. If that doesn't hold properly, I fear a visit to the the long term trendline (orange). It's a shame.. Bitcoin gained a lot of momentum, but the bears won this set.
Brace yourself... Could be an important day. What will it be? Do we see 50K again, or will we see a new ATH?
For validation, wait for the bounce, but the way I see it at the moment: Long now, or cry later.
Turned out to be a pretty good call. Took some profit in BTC (140sat) and in USDT (0,08$). Looks like a nice retest of the former resistance, so I feel optimistic. My next targets are: BTC 160 and 180.
Dear trendline, Please hold. Kind regards, RW10
When 130sat breaks, it could make a really nice rally! But.. If BTC decides to jump, a breakdown below the diagonal could slow things down. The VET/USDT pair is also a real beauty! Moves in a pretty steep ascending channel since the end of february (+100% in $).
75K by the end of march. This has very, VERY little to with TA, but it's fun to see how the jumps stay quiet the same, only it happens faster.
Even though the EUR/USD chart is leading in determing what the price will do, which closed at 1.1952, I keep a close eye to the EUR/USDT chart and how it reacts during the time the markets are closed. As a European citizen, i'm a bit worried about the EUR/USD price.. If it sores up to, 1.30/1.40, a lot of revenue will go up in smoke. FA (not my own analysis tho)...
Textbook breakout of the ascending triangle! I.m.o. worst case scenario is a retest at 52.000, before we test 60K. If 60K breaks.. I'm curious where we're going..