Nov 21 - 29 Nov - historically analyzed below:
Hello Crypto traders, analysts, hodlers and enthusiasts!
We will review Bitcoin -7.61% on a "D"aily chart view!
First of all, I won't make this too complicated, because it isn't! Chart analysis may seems not hard to most of you, but in fact candles are formed by the same people as you and me!
*People, cheering for Bitcoin -7.61% , hoping that Bitcoin -7.61% will hit the moon soon!?
*People, who believe that Bitcoin -7.61% will follow the same scenario back from end 2017!?
*Eventually the same people, LOST belief in Bitcoin -7.61% , selling the "my precious" for all of us coin, called the Crypto gold -0.08% and indeed BTC!
*Eventually, results are obvious looking Bitcoin -7.61% price(hitting new bottoms, bottoms that wasn't expected from most of you - but not me!)
*Finally, having in mind that we are on TradingView, charts are speaking for themselves - Some serious Dojis were formed in the last few Days!
*There is more .... Bearish movement is not over.... not over at all!
- Let's talk about the chart and what I see in following candles formed(without using much Indicators):
1 - Descending triangle has been formed - down trend was expected and here it is ... but until what levels - without getting into any fundamentals (because there is not much...)
1A - New level of support to be expected (it will happen!) at the 4000 mark.
2A - New level of support to be expected (it will happen as well!) at the 3200 mark.
3A - As an Indicator we will follow the same back line that we received by drawing the Descending Triangle - extending it to the lower levels of support that ARE Expected.
2- Stochastic is Oversold back from 18th Nov. (Up Trend is expected - but not before we hit those 2 Support levels and new bottoms for BTC -7.61% as mentioned already)
Please feel free to reach out to me with any comment or send me a message on private, whenever I have time, I will be happy to answer any kind of questions.
Just to give you and idea on what I am doing and if this could be useful to you - I am a Bitcoin -7.61% (Blockchain) investor, speaker, trader and hodler. I am specialized in ICO's investments.
Recently I had a conversation with people like Andreas Antonopolous and Ian Balina in regards, mostly to blockchain adoption and implementation in real world. ICO's that are standing behind real world products and usability!
Last but not least, I am standing mostly behind the fundamentals of the whole idea and not least behind the technical analysis!
This is not a financial advice nor an advice to buy the DIP and sell the TOP. Hodling what you've got in USD or USDT is maybe the best decision to make in those hard Crypto times!
Nov 25
Comment: Hello Crypto traders, analysts, hodlers and enthusiasts!
This is a continued analysis on Bitcoin back from 21st, when initial analysis was created.
- 1st Support target at 4000 mark is reached
- Stochastic looks over sold as it was expected
- 2nd Support target at 3200 mark still under consideration
Nov 26
Comment: Hello Crypto traders, analysts, hodlers and enthusiasts!
This is a continued technical analysis on Bitcoin back from 21st Nov - the last huge Bear run we've witnessed.
As already estimated and forecasted we are getting way below the 1st support mark at 4000 USD per Bitcoin , but that was not the end of the Bear run and this was easy to estimate, because of the uncertainty and rejection.Institutions and Governments are at the doorstep of adopting the "unknown" - Blockchain - Bitcoin .
I can go on ... and get deeper into fundamentals that stands behind Bitcoin and Blockchain, but you must know most of them if you are reading this right now! Stochastic still looks over sold and it's a matter of time to flip, but not before we hit the 2nd support mark at 3200 USD per Bitcoin .
If you have any kind of question, please feel free to write a comment or send a message, I will be happy to help!
Cheers!
Nov 27
Comment: Fib Retracement is showing potential to turn back on uptrend if 3200 mark isn't broken, where we will look for new support levels and bottoms - to 100 % mark on the Long term and 50 % can be considered before end of 2018!
Nov 29
Comment: Following the "Yellow" Up-Trend line we can clearly see, we are hitting the 38.2 % on the Fib Retracement graph.
-Stochastic is also showing potential to continue the Bull run and of course if Volume is high, there is big possibility of hitting even the 50 % Fib Retracement level, which will bring us back to the middle of where we was on 21 Nov, before we've seen the significant drop in Bitcoin price.
Hello Crypto traders, analysts, hodlers and enthusiasts!
We will review Bitcoin -7.61% on a "D"aily chart view!
First of all, I won't make this too complicated, because it isn't! Chart analysis may seems not hard to most of you, but in fact candles are formed by the same people as you and me!
*People, cheering for Bitcoin -7.61% , hoping that Bitcoin -7.61% will hit the moon soon!?
*People, who believe that Bitcoin -7.61% will follow the same scenario back from end 2017!?
*Eventually the same people, LOST belief in Bitcoin -7.61% , selling the "my precious" for all of us coin, called the Crypto gold -0.08% and indeed BTC!
*Eventually, results are obvious looking Bitcoin -7.61% price(hitting new bottoms, bottoms that wasn't expected from most of you - but not me!)
*Finally, having in mind that we are on TradingView, charts are speaking for themselves - Some serious Dojis were formed in the last few Days!
*There is more .... Bearish movement is not over.... not over at all!
- Let's talk about the chart and what I see in following candles formed(without using much Indicators):
1 - Descending triangle has been formed - down trend was expected and here it is ... but until what levels - without getting into any fundamentals (because there is not much...)
1A - New level of support to be expected (it will happen!) at the 4000 mark.
2A - New level of support to be expected (it will happen as well!) at the 3200 mark.
3A - As an Indicator we will follow the same back line that we received by drawing the Descending Triangle - extending it to the lower levels of support that ARE Expected.
2- Stochastic is Oversold back from 18th Nov. (Up Trend is expected - but not before we hit those 2 Support levels and new bottoms for BTC -7.61% as mentioned already)
Please feel free to reach out to me with any comment or send me a message on private, whenever I have time, I will be happy to answer any kind of questions.
Just to give you and idea on what I am doing and if this could be useful to you - I am a Bitcoin -7.61% (Blockchain) investor, speaker, trader and hodler. I am specialized in ICO's investments.
Recently I had a conversation with people like Andreas Antonopolous and Ian Balina in regards, mostly to blockchain adoption and implementation in real world. ICO's that are standing behind real world products and usability!
Last but not least, I am standing mostly behind the fundamentals of the whole idea and not least behind the technical analysis!
This is not a financial advice nor an advice to buy the DIP and sell the TOP. Hodling what you've got in USD or USDT is maybe the best decision to make in those hard Crypto times!
Nov 25
Comment: Hello Crypto traders, analysts, hodlers and enthusiasts!
This is a continued analysis on Bitcoin back from 21st, when initial analysis was created.
- 1st Support target at 4000 mark is reached
- Stochastic looks over sold as it was expected
- 2nd Support target at 3200 mark still under consideration
Nov 26
Comment: Hello Crypto traders, analysts, hodlers and enthusiasts!
This is a continued technical analysis on Bitcoin back from 21st Nov - the last huge Bear run we've witnessed.
As already estimated and forecasted we are getting way below the 1st support mark at 4000 USD per Bitcoin , but that was not the end of the Bear run and this was easy to estimate, because of the uncertainty and rejection.Institutions and Governments are at the doorstep of adopting the "unknown" - Blockchain - Bitcoin .
I can go on ... and get deeper into fundamentals that stands behind Bitcoin and Blockchain, but you must know most of them if you are reading this right now! Stochastic still looks over sold and it's a matter of time to flip, but not before we hit the 2nd support mark at 3200 USD per Bitcoin .
If you have any kind of question, please feel free to write a comment or send a message, I will be happy to help!
Cheers!
Nov 27
Comment: Fib Retracement is showing potential to turn back on uptrend if 3200 mark isn't broken, where we will look for new support levels and bottoms - to 100 % mark on the Long term and 50 % can be considered before end of 2018!
Nov 29
Comment: Following the "Yellow" Up-Trend line we can clearly see, we are hitting the 38.2 % on the Fib Retracement graph.
-Stochastic is also showing potential to continue the Bull run and of course if Volume is high, there is big possibility of hitting even the 50 % Fib Retracement level, which will bring us back to the middle of where we was on 21 Nov, before we've seen the significant drop in Bitcoin price.