tradingflx

tradingflx

Welcome back to my new long-term analysis. After we called the exact bottom in our last analysis, I am now showing what might happen next with the BTC price. Today, we are looking at the monthly BTC/USD Chart. With every BTC halving (dashed vertical lines) the chart is above the orange line, the monthly MA20 . The monthly MA20 decides whether the overall...

tradingflx Updated 

Hey guys, long time no see. I hope you are doing at least decent during these rough times. Today I’m bringing you my new mid-term outlook on Bitcoin. To keep it short and simple, the chart mostly speaks for itself. I am just giving you a short explanation here as well: The Weekly RSI is clearly oversold. Every time it dips into the blue zone with the lower...

tradingflx Updated 

Hey guys, to keep it clear and simple as always: Bitcoin is following a strong downtrend at the moment. As shown in red, BTC is creating a falling wedge pattern, which typically is a bullish pattern. The price target is the top of the falling wedge, means 69k – nice. The near future will tell if Bitcoin is able to reverse from now on (0.5 Fib level) and breaks...

tradingflx

Hello again guys, as mentioned in my previous post, here is part 2 of today’s analysis on Bitcoin. To keep it real short: There are 4 indicators coming together showing when and where the next Bitcoin bottom is coming in: 1. The 21 Week EMA (orange rising line) 2. The green rising support line 3. The 0.5 (and 0.618) Fibonacci retracement...

tradingflx

Hey guys, while doing another analysis on Bitcoin (I will publish that one shortly after this post), I've found the fractal mentioned in the chart. The fractal shows many similarities to the current price movement. If the fractal turns out to be accurate, we can expect a big pump in the near future. The bottom for this last correction before the next run up...

tradingflx

:) Happy new All Time High guys. What a historical day.

tradingflx

Hey guys and welcome to my next analysis on Bitcoin. Where are we right now? - Bitcoin stopped close to the 0.786 fib level (57150$) and is currently consolidating between 56k and 53k, preparing its next move. On the 1H/4H timeframes, Bitcoin forms an ascending triangle pattern - a bullish continuation pattern. On the daily timeframe, BTC is far above the EMA...

tradingflx

Hey guys, Bitcoin is currently ranging in a broadening wedge formation on the daily timeframe. As we all know, this kind of broadening wedge is a significant trend reversal pattern (I also put a broadening wedge cheatsheet below this post). It shows us we might have bottomed out and Bitcoin prepares its next move towards the upside. Also, the Daily EMA Ribbons...

tradingflx

Hey guys, here´s a quick update on my last post. It´s looking like Bitcoin chooses the green path after its explosive move to the upside recently. Important levels of resistance lie ahead of us on the way back to new ATHs. It´s going to be a choppy road, as we can expect an increasing volatility over the next weeks. After taking out the 40-44k resistance area and...

tradingflx

It's long/short decision time as descending triangle formation nearly fulfilled. In general, a descending triangle is a bearish continuation pattern but could as well play out as a reversal pattern (we've seen both for BTC in the last months). technical long target ~48k - first major resistance @38k technical short target ~14k - first major support @24k Also,...

tradingflx

Hey everyone, this is my idea of how and in what timeframe Bitcoin could move over the next few weeks. Bitcoin still holds above its major support zone (approx. 29-33.5k) and currently ranges in a broadening wedge formation. This type of broadening wedge (blue lines) usually indicate a trend reversal. With breaking out of, Bitcoin faces its next bigger resistance...

tradingflx

Big inverse SHS formation formed and a got confirmed breakout on the 1h timeframe - first target at approx. 156.300. If we fail to head upwards and break down again, first minor support is the lower rising channel line (red). In the longer term, huge support in violet area and the lower green rising support line. An upcoming huge long term resistance is the green...

tradingflx

and we broke the triangle btw

tradingflx

Hey guys. This is my view of the current situation and what's about to happen the next few weeks. I'd love to read your comments and your POV. Stay safe y'all.