As many of you know, massive liquidations happened this morning for leveraged traders, according to bybt over 1,000,000 traders got liquidated. BTC was in an ascending wedge pattern which i completely missed, an ascending wedge pattern is a bearish pattern. Today is a crucial day to see where BTC closes this daily candle. BTC is still in the Bullish Zone of the...
Most likely, Bitcoin will reach 67k until April 15th I still 100% bull
Is The Next Touch Blue? Why Not ? For Follow-up. Not An Investment Advice.
Price break and retest the Neckline of an Inverted Head and Shoulders. We can look for buy setup at current zone or at the breakout of the brearish correction pattern. We can see a probable uptrend continuation to the zone 70-80k. PLEASE LIKE TO SUPPORT THE POST & FOLLOW TO NOT MISS THE UPDATES.
Here are two more examples that follow the same logic as my previous post. Leave thoughts or suggestions if you have any.
Bitcoin clears 58K support and goes straight to the 51K area. If you read my recent articles on here, I warned over and over that the risk was too high in the 60Ks. One very simple rule kept me out of this: I don't buy highs. Now maybe you will better understand what I mean when I say RISK FIRST. How many gurus steered you the wrong way with the typical hype and...
Analyzing the recent BTC correction using simple trend lines and RSI could have provided some clues leading up to the drop. Looking back at the correction which occurred on March 14th we can glean some clues. At the time BTC developed bearish divergence, increasing price action with decreasing RSI. A line of resistance formed on the RSI then a blow off top...
We've had three decent opportunities to buy the the dip during this consolidation range- just saying. Not Financial Advice... Cheers!
Looking @ the bitcoin daily chart, last nights move retested the $51,000 support area and was possibly a liquidity grab. I’d look for short term buys, but potentially more downward movement if price forms a head and shoulders pattern over the next few days. Simple price action. $btc #BTC #crypto
1. Backtest weekly and Trend Line as resistance This establishes bearish MS as we make a Lower High 2. Proceed to make a Lower Low, following the bearish MS. Target weekly demand @ 46500-48000 Could see a nasty wick in 44500, but expecting 46500 to hold with a daily close
BTC today🔔❗️ Rising wedge was broken. Today night BTC broke all supports and touch 50k , price bounce back as relief rally but still its below MA50 which was working as big support from long time. Now all eyes on today’s closing candle ❗️ If BTC able to finish today’s candle above 56400 than it will give confidence to market, otherwise we will retest 50k in the...
Some very interesting correlations here. What do you think? Will BTC emulate the June 2017 correction.
About $10 billion was dissolved during the fall of Bitcoin to 51000$...
Hello fellow traders As you may see in the chart the price has formed a rising wedge. The patterns likelihood of validity is fortified by its occurrence within the 5th wave. Other indicators of making a breakdown more probable are (ordered descendingly by their weight) : the bearish divergence in the RSI (lower highs in it vs higher highs in price) ...
we've seen the huge crash recently and the bitcoin is now in crucial moment whether it'll recover from this (highly likely I believe) or drop even furthermore. 4 my idea is that if BTC can't bounce back and to break 50,000, it'll be most likely to fall up to its previous line around 42,000 mark. and if you trade, this could be a massive discount for 'buy' in long...
I've been warning for it many times in my last posts; market is overheated and needs a big correction. I expect the same for the stock market on Monday and we will see a big bear trend. What we see now is a dead cat bounce and BTC fell out of a rising wedge and the target is around 42/44K where also the bull market support band is. If we do not hold support there...
So it finally happened. We had a gap around 58000, while the market was filling it a big whale selling occurred which lead to this huge dump. Too many people got liquidated and this correction happened so fast that even the SL didn't work for too many people on Binance (including me)!!! THe price was supported around the 50K area and recovered immediately to the...