Is Bitcoin under pressure and about get panic button>?? Look at the current structure Head and Shoulder look a like structure lacking steem to break the previous resistance and the global panic, major countries like US or UK hasn't accepted Bitcoin transactions are legal or they are going to adopt this new technology, so there is lot of rumours going on how far...
Hi guys ,, i think the reaction of bubbly is beak down ... i hope you did sell all of your BTC and from now we going to buy all in for more big jump or slowly go up each month ,,
so scenario A i don't think gone happen ... I think we should we some more break down a little bit then goes to straight up..
so scenario B is more normal now.. but
scenario I, i also it...
I use a method of analysis using the Fibonacci re-tracement where I market out the lowest low to the next highest high (for an up trend), which then becomes the FIB range to work within (A - B) . In order for this FIB range (A - B) to be valid, we need to have the highs of two candles lower on either side of the highest high. Depending on where the market falls to...
Last week I said that BITCOIN was going to fall and it did, based on the signals I was seeing with candle formations on the daily and 4hr charts. As I expected it broke the inner trend line, and I expect it to continue to fall until it hits around the 1355 mark, at which point it will hit a support level missed on the weekly chart, and then the next rally will...
some reasons:
It seems like a bottom has been formed.
Long therm support not broken DARK BLUE
Support line from the breakout end of April not broken ORANGE
Second top is higher than first in the Big W top
Bubble seems small compared to the other bitcoin bubbles if 3K is the top of this bubble
Let me know your thoughts!
Here we can see our price has hit some support at the 2/1 Gann line and our stochastic is at medium threshold, when historically it has been at the upper threshold, this is great signal for a price rise. We also see some bullish confirmation right where the support line is hit. This is compounded by the fact that our 20 and 50W MA's are very close to crossing,...
Here we can see that Bitcoin can potentially reach its all time high, based on the 2/1 Gann Line meeting with a resistance line in the Fibb retracement at $2910. We could see some nice rise if it is able to breakthrough once it is tested. I disregarded the stochastic level, which is above the 80 threshold and also disregarded the MA and the fact it is in the...
Bitcoin appears to be having a stronger pullback that is actually showing up on the daily.
I suspect we pullback into the 2000 region where there is buy zone based on a 50% retrace of parabolic move from prior all time high(ATH) to the most recent highs at 2800.
Buy zone is right above some prior price structure that appears on the daily that should extra...
Here is a HARMONIC SECRET: Always act on Pi projections!
When you hit a 3.14 measured level in any parabolic move, the counter move is near.
Mr. Bit is on an insane run and now hitting a 3.14 extension on the hourly chat.
I don't care how great the future might be for King Crypto, as traders we must respect a measured framework.
For now, I am RESPECTING the 3.14...
1) There is bearish RSI Divergence that seems ready to be broken. On a longer time perspective RSI is trending up (Red line)
2) Price closed above the channel but closed inside the pitchfork on this occassion www.tradingview.com
3) From the Dec-Jan High-Bottom, the Fib extension first hit 1.272 and pulled back to 0.382 and now we are spot on 1.618.
4) The 150 D...
Bitcoin had a pullback and I see a good setup with a bullish engulfing bar. I also get a signal with my Buy Sell indicator which works very well with candle patterns
Please do not trade this without your own TA. I hope that this can help with target pricing :> Forecast is made using simple S/R and measures.
I have yet to explore the possible downside of this , so I will confess that this is very bias.
