What a beauty move. But be honest...who didn't saw that guys? Just need some manual draws on RSI(20). RSI(20) breakout once, than confirmed twice. Look what caused this on the candles chart: What's next? In the next 45 minutes (before the next 1H close) bitcoin will decide : which direction to keep before this weekend. Be safe: it could be a...
Only visual demonstration, no audio.
In this piece I'm going to shed some light on the most basic, and yet, most overlooked TA tool to exist in chart analysis, the Trend Line. A trend line is a simple way to plot the price path of any asset. By connecting a set of lows or highs you can see the general direction the price of an asset is moving. Looking at the daily chart of Bitcoin we can see the bear...
Support levels at $9950 stopped Bitcoin’s swift descent into shorts targeting the $8800 area. As this is currently a mid-term bear market, waiting for all the signals that a reversal is due is key to financial success. RSI is at 30, a good buy. However, a bearish MACD and bearish candle stick patterns may indicate further downward movement before we gain an...
I believe bitcoin is following fibonacci here, which can be outlined on the weekly view. Following bitcoin's highest value around $18000 and where it dropped to around $3000, the 61.8 fib value sits at approximately $13500. Market has hit this and now dropped to around $11000. However I believe there is likely more drop to around $7500 or even possibly lower as...
#BTCUSD #BTC (Mission 2022) 1 BTC = $25000 In 2022 What Is Bitcoin ?? Bitcoin is the most secure and robust cryptocurrency in the world, currently finding its way across the world of business and finance. Bitcoin was thought of as Internet money in its early beginnings. Unlike fiat currencies Bitcoin is a decentralized currency. That means that a network...
BTC continues to hit new highs this year and some might have noticed that the USD decline coincides nicely with this rise. We can see the continued move from $9,000 to $14,000 arguably has been spurred on by the strong drop in the US dollar. Whether the trend continues to seemingly resemble some correlation needs to be seen but they are trending in opposite...
Hi guys! I have decided to create this diagram to show you, how majority of the crypto community has reacted to every single counter trend rally (and "trendline break" ) from all time high to present.. I am almost sure that these series are not over and we will see a couple of more "definitely" confirmed bull markets all the way down to real capitulation. All...
Swim with the fishes , Go with money tide , Ride that wave back to the beach Forex Trading is NOT difficult you just need Patience ,patience and little bit more patience This was an actual 11 to 1 signal Trade This Chart is the opinion of the London FX Club We totally respect your trading opinion and methods whether you concur or conflict Please respect...
Scenario A: The move lower looks more favourable at this level as the market is between 0.382 and 0.618 retracement levels for a while now. The price action is confirmed by breaking the Parabolic and the HMA crossover to the downside. Should the market break the 0.618 level, we could see Bitcoin go to 3578 and potentially 3472. Scenario B: Price rejects 0.618 and...
Todays education is proudly brought to you by BestThingSinceSlicedSatoshi, the FREE and very profitable Buy and Sell indicator. Add it to your favorites at the link below. Analysis based on my ACCURATE buy and sell indicator on the Bitcoin Monthly chart, Heikin Ashi candles. My script (Blue line) = Buy when it crosses zero from beneath, sell when it crosses zero...
Think of the market not bound by Ponzi schemes or conspiracy theories, but instead of one gigantic physics experiment. The candle sticks you see printed on any pricing timeframe for any given asset is electricity as the fuel represented by humans’ cycles of Fear and Greed. Electricity is the energy component that moves the markets. It takes more energy to...
Hello lads and ladies, I will be on a business trip in the next few days, which is why I will most likely not be able to upload the daily updates until Saturday. Nevertheless, I am leaving you with a way that I like analysing and basing on trades on smaller timeframes. Find a trend, look when the trend breaks, confirm it with indicators and then trade the...
Look at this chart... Red was a mistake, retail were in a manic buying frenzy, the likes we will most likely not see again for a while (if ever again) for Bitcoin. White looks like a more sensible outcome, which means the price still has a long way to drop...
Bitcoin and the stock market continues to correlate as news this morning started to cause markets to sell-off, which has resulted so far in a drop in Bitcoin shortly after. We have to continue to keep an eye on this because they have been following each other closely. Thanks guys
Simple adaptation of the "Wall St. Cheat Sheet" chart named "Psychology of a market cycle" on the Bitcoin's chart from Bitstamp.
For the longest time, most people always correlated Bitcoin price to Gold price but there was a small subset of people that argued the equity market was the true correlation. As shown in the comparison chart above, we saw that the equities market began selling a few days before the cryptocurrency market given that cryptos are already down over 80-90% but this is...