BTC/USD made a clear triangle patter. At the moment price is very close to the top triangle (large grey line) also we have a smaller triangle patter next to this resistance (smaller grey line). Break through it can indicate bigger correction to the upside. Be awere there is still plenty of strong resistance zones above (dotted lines) .
The last three days the 8k level has been bashed into numerous amounts of times. 8.2k seems to also be a small target down in this area but from my honest opinion, the institutions are having games at this lower price; allowing the rest of us to follow suit.
Could this be the end of Bitcoin ruling the top of the table after all of these years?
Perfect pinbar candlestick formed on Tuesday showing some bearish control coming back into play. 10281 price is showing some resistance and a key level so lets see if the retracement now completes and breaks back through 38.20%.
A few weeks ago i talked about the decline of Bitcoin since the start of the XBTUSD trading on CBOE (see profile) and wondered if market manipulation had any correlation to the expiry of those contracts. From the beginning of trading these contracts on Dec 11th 2017 until the expiry of the second contract on Feb 14th 2018 Bitcoin saw a fall of 47%.
BITCOIN plummets further from its 20,000 highs and is now fast approaching a make or break level.
7890 area is the 200 day simple moving average on the daily time frame.
If we are to see a bounce in BITCOIN's fortunes it will surely come here or not at all.
With no history - its a guess but if there are BITCOIN buyers out there then this could be where they enter...
Following negative momentum divergence, ABC correction in play to be confirmed by resistance at 50% Fib level. Good for short term long, sort stop and then short to complete C wave which should be similar length to A wave which just happens to point to next support level. Should Rocket form here!
What a crazy weekend !!!!!!!!!!!!!!!!
All the people that consulted me last week and I told them to "buy Bitcoin, don't wait that it will fall again" - lost a lot of hair in the last 2 days.
Bitcoin until the end of the year will pass the 10K price no doubt.
2000 USD in 3 days do you realize what it means??
10000 USD investment could become...
After a crazy long weekend, the Crypto market saw Bitcoin making all of the miners confused,
It's an opportunity that will not return again it's like Bitcoin a year ago.
Our mind can't realize the future potential there is in these coins it's like the internet in the 80's.
Bitcoin will go up and still didn't reach his full potential and as we all...
As I wrote you the price in the weekend will reach below 7K now at this rate it's still good to buy don't need to be greedy and wait to get even better rate cause you can miss the rate, the correction probably will be soon as you can see with the indicators.
and the support line is very close to the actual rate,
as I mentioned before at this rate...
Yesterday As I published Bitcoin was closed to $7900 and as expected fall down that's why I always tell you to pay attention when you purchase Cryptocoins,
Today I see a divergence on the oscillators that don't confirm the Bitcoin rally it's for a very short-term correction soon will start making a correction upside and the volume keeps on...
Bitcoin is continuing to rise up and broke the resistance level of 7400 USD and also 7550 USD and now it's making a little bit correction but it's on the way to reach 7950 USD until the weekend. meaning it's a good time to buy now because the volume and the liquidity are increasing despite the profit takings. I see that new buyers are coming and that's why...