Bitcoin looks for more upside over the extended American Weekend as Bulls regain confidence for a new FOMO push. SL: $18962 TP: $21274-$21634 A ride to this level would immediately then gift Bears with an amazing short opportunity. Check out my profile for more Surf ideas, upcoming Elliott Wave training and continued analysis provided via Digital Surf. If you...
I could explain it in great detail but I'd rather just watch it become reality.
Price always retraces to 38.2% and earmarks the bottom. That's all.
Could we revisit the lows? Yes. Likely to happen, as a liquidity grab. Can it go lower? Certainly, anything is possible. There are no certainties, just assumptions and predictions. I am seeing a lot of indication that we have bottomed out, or in the beginning of building a base.
Massive head and shoulders to play out, leading COINBASE:BTCUSD to retrace to the 3.382 FIB level or 12471.
A small #shortsqueeze seems to have already occurred for $BTC, with a false break of the support trend bringing in shorts and either stopping them out or liquidating a low volume of orders. I have not shown the RSI's on here as they are both at mid-levels (50/50 chance of moving up or down), however the may be overheating slightly. This could mean a second...
What are your views? shares your thoughts in the comments, don't forget to give it a thumps up!
Three retraces 52% each the third one is not complete yet but we are headed there and that's 22k. I have a few more interesting BTC insights that I will post on Twitter. @bitcointrdr
Hi everyone, I closed all my bitcoin shorts yesterday around 18k usd per btc since my macro targets have all been hit. Meaning that I am bullish from now on. The reason for closing all shorts is as follows: - max 1.618 reached if in the case of expanded flat; - max 1.382 reached if in case of wxy for a full 2 or full 4 correction; - trend line channel hit from...
Bitcoin is looking prepped and ready for a relief rally after the 0.75bps rate hike last week. I expect a test of 200ema on the weekly, which coincides with 50ema (green) on the daily. This is where both sides of the market need the price to go in order to have a good idea of what to side to play next. Bears will be looking for rejections at these levels, and...
Welcome Traders, Investors & Gamblers 😃 As expected we are slipping lower and there is one key level tht we need to bounce off from this weekend! I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping...
Hi Traders, Investors & Gamblers 😃 I hope everyone is doing great this wednesday morning! A quick update after the expected loss of the previous support level for Bitcoin, once again I want to point out a very logical next support level and potential bottom scenario for Bitcoin . The 200 week SMA the most logical target for Bitcoin on a weekly closing...
Welcome Traders, Investors & Gamblers 😃 Let's Dive In and Find the Bottom! Daily Charts: Support & Resistance Levels On a quick glance at this chart we would think that there isn't too much support in the area that Bitcoin is currently hangingon to, but down below I will go through all the indicators that lead me to call these current lows for Bitcoin in...
Welcome Traders, Investors & Gamblers 😃 Daily Charts: Support & Resistance Levels On a quick glance at this chart we would think that there isn't too much support in the area that Bitcoin is currently hangingon to, but down below I will go through all the indicators that lead me to call these current lows for Bitcoin in the beginning of the year already. ...
Welcome Traders, Investors & Gamblers 😃 The 200 week SMA the most logical target for Bitcoin on a weekly closing basis all along. I've been talking about it here on @TradingView since at least February. Now we have perfect alignement with this falling wedge and the 200 week SMA. Im looking for a wick down to about 20k or even aslow as 17-18k (see 78.6...
INDEX:BTCUSD In today's video I look at 4 reasons why I think we are close to the bottom: 1. 200 week MA - historically the 200 week MA has indicated the bottom 2. Fibonacci golden pocket retracement - a fib pulled from the very start of bitcoin in July 2010 to the all time high, show a zone for the possible low 3. Weekly RSI - historically we have never gone...
Good Evening Traders, Investors & Gamblers 😃 The Idea is pretty simple, it took Bitcoin roughly 1000 days on average to get to a new All Time High after the previous one. That would take us to Summer (July/August) 2024 and roughly in line with the next Bitcoin halving! I would like to add that this is only for educational purpose and in no way a guarantee...
Based on previous and ongoing analysis of BItcoin, I believe its yet headed for $31.6K at minimum. Previous mid-micro wave pattern was invalidated however, the bigger pattern and upside target remains in tact. Join me in/and the Community for more trade ideas. P.S. Invalidation is only indication if you're aware of how to adjust :)