kingpannu

kingpannu Updated 

Please interpret the chart. There is a formation of rising wedge on Bitcoin's 4H chart. It is following my yesterday's analysis till now. See my yesterday's analysis here :

kingpannu Updated 

See the chart for interpretation. All the potential possibilities have been shown in the chart. These are all short term possibilities. Please see my other publications for long term analysis. Note: This is not a financial advice. Do your own analysis before investing.

kingpannu

Bitcoin will remain long term bullish in this channel. See RSI for your reference. I am not long on Bitcoin until it is close to that lower trendline. Note: This is not a financial advice. Do your own analysis before investing. COINBASE:BTCUSD

kingpannu

Dear fellow traders, Bitcoin will bottom out in the range of 8k to 12k. WHY? Answer is here :https://www.tradingview.com/chart/BTCUSD/YRfyukxo-Why-Bitcoin-at-8k-12k-price-is-the-only-bullish-scenario/ Note: This is not a financial advice. Do your own research before investing. COINBASE:BTCUSD

kingpannu

This is the short term target. Long term target still remains at 8k to 12k range. See my previous analysis for reasons behind Bitcoin going down to 8k to 12k here :

kingpannu Updated 

As predicted by me on June 16 here : Breakdown of the rising wedge has happened. Next target - 20k-23k range. Final target will be 8k to 12k range. Please see my previous analysis to correlate why i think this is going to happen. Follow for more ideas! Note: This is not a financial advice. Do your own research.

kingpannu Updated 

Fellow traders. Let's have a look at different popular price targets for the bitcoin doing the rounds in the market. Let's see what will be the resultant pattern for the long term. 1. Bitcoin at 8k to 12k price : Bullish upward channel will be formed. This is my most plausible price target at the moment.

kingpannu

In all other price targets, there will be formation of rising wedge on the weekly chart which is bearish for long term. except for the price target of 8k to 12k. This is my analysis of Bitcoin price over the long term. If Bitcoin touches 8 to 12 K region.

kingpannu

Fellow traders- Chart is self explanatory. Most probable target is depicted in the chart. Note: This is not a financial advice. COINBASE:BTCUSD

kingpannu

Fellow traders, as mentioned in my previous idea here: Bitcoin has broken down from the rising wedge. It will potentially come down to 33K which is a very crucial support. A close below 33k would very likely mean that we wil break down towards 20-25K range. Please see my previous ideas to correlate. Please also see my weekly analysis for the bitcoin pointing...

kingpannu Updated 

There is a formtion of rising wedge on the daily candle chart. Breakdown of the rising wedge around 37K can lead to 31-32K levels. If the support at 31-32K fails, bitcoin can potentially fall to 20k range. See my previous post about Bitcoin falling below 30K. COINBASE:BTCUSD

kingpannu Updated 

Sorry for the typo error in the chart. I wrote both the options as "Option2" Read the description for clarification Hey guys There is a rising wedge that has been formed on the weekly chart of Bitcoin. Two things can happen from here. Option 1: breaking down from the rising wedge now (within a month or two) and going down to 8K -12 K zone Option 2: Touching the...