Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (32877.1). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
The red lines on the chart, The 61.8 fib retracements, 2 of them holding as support after each other is a bullish sign, Next likely impulse is upwards, with a target of 47,820
Hi Guys Please check out my previous idea about the potential path Bitcoin is heading, in that idea I've outlined as many others have that this is a Wyckoff Accumulation / Reaccumulation (WAR). In this idea I want to recap exactly why this is happening and what you can expect. Why is Bitcoin heading down? First off Bitcoin can change direction within a moments...
Disclaimer: Not financial advice just my humble opinion, please do your own research before investing your money. Let's go. INTRO The main idea behind the Wyckoff Accumulation or Reaccumulation let's call it WAR for short is for "Smart money" (SM) or massive financial powerhouses to absorb the asset from "Dumb Money" (DM) or Small amateur investors (you and me)....
Hi Guys *Quick Disclaimer, this is not professional advice please do your own research before making any investments. CHART OVERVIEW The chart shows 6 Gann retracement lines and specific labels depicting certain phases of this suggested Wyckoff Accumulation Pattern, I won't go into every detail but will just discuss the end phase which we may be in right now,...
Hi Guys QUICK DISCLAIMER First off please do your own research before trading/investing, this is not professional advice. Let's crack on. CHART OVERVIEW Here is a weekly chart of the Bitcoin price (BTC/USDT); we are right now at this resting point, in the chart you'll see two Gann boxes placed side by side. The first Gann box extends from the major low to the...
Bitcoin is breaking it's downward parallel channel. This will require a strong follow through but so far it is looking very bullish. Wait until the 4 hour candle is finished to confirm breakout. *Disclaimer: This is not financial advice just my amateur observations. What do you guys think, as I'm writing this the price is surging? Incredibly exciting!
Hi guys, this is OG back with another daily technical analysis on Bitcoin. If you enjoy these posts, please like and follow, and feel free to ask questions and share your ideas in the comments below. Today we are zooming in to the 15Min chart as I see a potential long trade setup. After the most recent rally, Bitcoin is having a small correction and have come...
In yesterday's post, I mentioned that Bitcoin broke out of the inverse head and shoulders pattern after we got a bullish RSI divergence and that it was a good place for a long with a price target of 36.5K. That price target has been met, with price rallying as high as 37.5K. Price is now back within the symmetrical triangle and above the 200MAs. This is one of...
Bitcoin price is relatively cheap. Long term Bitcoin is bullish and will probably still reach $100,00 or beyond before the year is over. The adoption of Bitcoin is growing everyday. Paypal recently announced users will be able to buy, sell, send, receive and trade Bitcoin on their platform. This is not financial advice, merely an opinion.
Bitcoin made a serious correction, I'm glad. The price remained above the EMA50 over the week period. In this collapse, the price touched its upward trend; March 2020, October 2020 and May 2021. The price came in an uptrend 7 months apart. With this logic, it will rise towards the end of the year and will seek support from the rising trend again in December. If...
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Close the weekly candle above $58,000 and the technical target is $74,000... Or we could just be faking out? hahahah But considering the direction ETH has been going, fuck it - #tothemoon! If we close the weekly candle below $58,000, I'm banking on a dip to meet the 20 weekly moving average of around $49,000 and bounce hard to the upside in the next week or two.
Bitcoin Dominance has rebound slightly, this trend-line has been closed above for most of the day. Inverse Head & Shoulders looking like a decent run for 60K + We shall see. No guarantee, but looking decent.
Everyone is trying to figure out what will be the peak of the current Bull Market. However, when investing, you need to be forward-looking and think ahead. While the price target for the current market cycle is still very uncertain, it may be easier to foresee what will be the price floor of the next bear market. Looking at the previous cycles, in both cases,...
TL:DR It appears we reached a local low Everything Else Greetings! I have been watching the Log Growth Curve for a while now and identified the 61.8 level as one of the more important levels when it cones to deterring the probable future of bitcoin. In previous markets cycles breaking the level has been indicated that bitcoin would be having a blow off top,...
BITCOIN PRICE IS GOOD ON CHART AND INVERTED HEAD & SHOULDER PATTERN BREAKOUT, AND PRICE SUSTAINABLE ABOVE THE BREAKOUT.