Profit takers continue to sell Bitcoin as the greenback rallies alongside higher US yields and even higher US stocks. As of writing, the Bitcoin price is trading above $56k but the consolidation above this level has formed a bear flag, signaling more downside for the honey badger of money in the near term. Based on the chart data, the nearest downside support...
The rising demand of electric vehicles, batteries and alternate power source over the next 5 to 10 years paints a bullish outlook for the TSLA stock. The recent dip opens a great opportunity for long-term investors to add more stake to the ever-rising TSLA stock. Bulls are likely to be eyeing for a $1,600 - $1,800 monthly close by this coming December.
If the inverse correction scenario in this chart is correct, then the exhaustive BTC market could see a potential top between the $55,000 - $56,000 price level in the coming weeks ahead. If a trend reversal materializes from the potential top area, it could begin a sideways correction phase that stretches across multiple months. The cooldown period might just...
X R P I S D O O M E D ! REASONS / CATALYSTS: 1. BEARISH TECHNICAL ANALYSIS 2. SEC LAWSUIT 3. Q1 LAUNCH OF FACEBOOK'S DIEM (FORMERLY LIBRA) 4. LAYER-2 SCALING ON BTC AND ETH FACT CHECK: THIS IS NOT THE ONLY SHITCOIN AVAILABLE
The DKNG price is about to breach a key support trend line that opens up a short trade opportunity.
Bitcoin is close to the top but not there yet. Strong momentum recovery on the 4H chart indicates the market still has more upside potential despite its recent 9.1% drop. We remain optimistic for the Bitcoin market to shake off fears and set a new all-time high within this week at the lower $25,000 price range before bulls retiring for the holidays. Don't buy into...
Multiple bearish signs have surfaced in the Bitcoin chart, suggesting the rally's top may be near. In classical technical analysis, the bearish wedge that we now see in the Bitcoin chart usually appears at the very end of a rally that has enjoyed a prolonged period of gains. This pattern is formed when there is a consistent distribution (selling) from smart money...
Bitcoin shrugs off naysayers with a stellar rebound that prints an all-time high since 2017, cementing its structural long-term bull run for next year. Near-term wise, however, price could retest support on the bullish trend line. If that holds, a pennant breakout to $20,000 is inevitable. That said, there is a higher probability for the digital asset to...
Good day, traders! Let me get straight to the point. Bitcoin is in grave danger. What I am about to tell you is NOT A PREDICTION. I don't do predictions, I leave that to the 8 BALL. However, the information that I am about to SHARE is not something that you want to ignore, especially if you hold some Bitcoin. Even if you don't have any Bitcoin right now, the...
With this chart, you hold the power of the almighty classical technical analysis in your hands. You will LIKE, bookmark and track the BTC price on this chart by yourself for months to come and know exactly what shape the Bitcoin market is in, be it bullish or bearish. By knowing these key zones, you can properly plan out when to buy more and temporarily sell your...
The daddy of digital assets looks poised for a short-term healthy pullback to the lower $16,000 range before resuming uptrend. This is further supported by a potential head and shoulders pattern that paints a similar downside target. If there is more upside to this market, we would expect the BTC price to hold above its crucial trendline support. Otherwise, a...
Ethereum looks poised for a healthy pullback. We anticipate a near-term correction to retest the $500 - $520 range before more upside.
Berkshire Hathaway may have bought this back in the second quarter but it is not too late to get onboard this market. The technical outlook appears bullish over the mid-term as we expect more upside from this market over the next three months. That said, we would wait for the price to retest channel support at around $25 before moving in. Our upside target is...
Good day, traders! Welcome to another round of our Elliott Wave Analysis for Bitcoin. The hourly chart shows that Bitcoin is undergoing a complex correction on a macro level. This is the reason why we have not seen any decisive move from the market over the last few day. While it is possible that Bitcoin may have already topped out at $9389.60 yesterday, the...
Back in June, we wanted to prove to our members how the Elliott Wave Theory, when used correctly, can help traders narrow down the probabilities of price movements for any financial asset, allowing them to foresee what other traders can't. As an example, we applied the theory to the NETFLIX (NASDAQ:NFLX) chart to show our members how its price would likely behave...
The huge disconnect between the stock market and the economy is about to end as investors start to realize their stock porfolio is not going to pay off as the world fears of a Covid-19 second wave.
Hi everyone, thanks for checking out my chart again. Bitcoin is back with its famous "123 DIP!" pattern again. Yes, I coined a name for this type of pattern. Who do you think coined the name for the "Bart" pattern? Lol, no I don't know who either. Let's talk about the chart. I suppose we can expect a sharp rise from current price levels to the $9800 - $9900...
Could Bitcoin be undergoing a correction similar to the one it had in 2018? If it is, then $8000 could likely be the bottom. Share your thoughts below.