bizna2014

bizna2014

Hi folks, It has been days of massacre since new year 2022 began, but things are beginning to look positive for the bulls. After some signs of trend reversal yesterday, I believe BTC price will retrace to around 41.1k today, then resume the recovery journey. I look forward to: - Buying at 41.1k - Taking profit at 42.7k - Stopping loss at 40.3k We...

bizna2014

Hi fellow traders, It seems the bears are getting exhausted. The bulls appear to have found new support at around 41k. In my opinion, the probability of moving further down is diminishing as investors regain confidence to buy -- the price has recovered by over 2k since it hit 40.6k yesterday. Looking at the hourly time-frame: - Next immediate resistance level...

bizna2014

Hello friends, So, after attempting to break it six times (from early December to New Year), BTC finally broke down past the very strong 45k support zone ; and as I mentioned in my previous analysis, this indeed took more than FUD . I believe a number of factors contributed to the merciless massacre of the bulls, leading to a slump that took the top coin...

bizna2014

I have been wondering, could 45k be the bottom? In the month of December 2021, Bitcoin has visited and revisited this price level five times and bounced back up, the latest being yesterday, with indications already showing the trend is moving up again after hitting the magical 45k. I have been monitoring the trends very closely in the recent times and one thing...

bizna2014

BTC has been on a downward spiral in the past few days, down from 52k to 45k in just three days, losing over US$ 300 million in market value amid extreme fear it could break down further. The bears have been enjoying the ride to the south, at the expense of overleveraged and bullish position holders, but now it seems the bulls are regaining control after the top...

bizna2014

BTC is at another critical juncture. And the big question is, are we going up or down? Whereas there have been a lot of fear that the downtrend ( which is more of a prolonged retracement in my view) could continue, on the contrary, the tide seems to be changing, albeit painstakingly gradual for the impatient day traders like me, who thrive on high octane...

bizna2014 Updated 

Hello friends, Here is my two-cent on what I think will happen in the next few hours. We are facing a fairly strong resistance around 62,000, which we must clear soon. If we fail to break through the current resistance, then retracement may continue back to around 57,000, where we now have first strong support (based on the hourly chart). If we clear the...