What are everyone's thoughts on this breakout of the wedge formation? further bullish movement expected next week? will it rocket?
Will the big players manipulate the market soon to push price higher to make people buy into the rush again just so they can then pull all there money out and make the market dump again ( like last time ) making the rich richer and...
On the weekly XBT chart on Bitmex I have circled some doji candles. I have circled the doji's at the end of a trend. As you can see after each doji there was a trend reversal, or if you don't wanna say trend reversal you can call it opposite direction for 1-2 weeks.
We have just formed what is appearing to be another doji candle at the end of a downward trend,...
Hi Guys i know the market is very boring but please be careful bitcoin is very dangerous right Now. anyway the chart have 5 Support On 4 hours. Ema 21 , 50 , 100 , 200 and cuve since 21 december. each one speaking negative about BTc and i am tell you bitcoin is going to visit 4200$ at this time we can break out from resistance.
(flower bitcoin i gonna open soon ).
Show me the chart i'll tell you the news. move Bitcoin is positive until now so we need correction. back to touch 4000$ 3900$. and continue bull market. what's the next news? if we're see the chart and we need close up EMA 100. with bullish engulfing on weekly. next week Good news coming. mybe ( ETfs or nasdaq or something like remember that ) Next target is 4890$...
We could see price reach our target resistance zone ( red box ) then we are expecting price to keep falling and could find some key support at around the 3417.1 area.
We think that after price hits our support area we are going to start seeing BTC price pick up and could even see price hit 10,000 this year, but that's a just our prediction for the long...
first of all Good Luck with this trade and its really high risk but i need to give my opinion in this
i cant change my mind into btc !! actually it can go further more up by doing small corrections as the Fomo controlling traders .. but as TA i cant lie and say that this Scenario is not valid .. its the most scenario i am convinced that it would happen after...
There's a cluster of resistance at $3,564:
Supply line (red line)
Fib line 23.6%
The price had already bounced off of the resistance and is headed downward.
The interesting part is the weak volume on which the price had been climbing for the past 3 candles. This indicates bullish divergence as the volume bars are way below average.
As Bitcoin is in free fall and trending in confined range, the price will bounce between $3,000 and $3,500.
If the daily candle closes below $3,000 at any point, the test of $1,850 (S2) is highly likely as there's literally nothing in between to stop to price from falling.
S2 is the major support established in July 2017 which was the start of the Bitcoin run...
On logscale the price came back down to the schiff pitchfork support with possible morning star doji price action as shown. There're also many oversold signal on weekly and daily timeframe.
As we see, support of $4400 is hanging on for now, as the MA's cross, $3800 will be the next zone we hit. Tested this zone 4 times already in a space of days, we could see small spikes, but $3800 will come.
With the ill timed and expensive #hashwars happening and two $btc billionaire selling their Bitcoin and Bitcoin cash to fund it one can clearly see this isn't a normal market correction. So where do we see this bottom?
The strong support we have gained over the year between 5800 and 6200 has broken, as has the 5000 to 4800 support levels.
We have strong support...
If tomorrow we see the bitcoin price increase and hit the green box, this could be confirmation of a bullish fakey pattern with a target of 6910 which would be very nice for the bulls and any HODLers! If the price dips lower than today's low though that would be an indication that this pattern is not valid and we need to keep looking.
As the weekly frame looks extremely bearish, Major supports at $4900 Region and $3900 Region also. 200MA stands around $3100 which could also make a retest then we should see a huge bounce of this and we can finally start our Bull Run.
Looking at the shape of the flags that we are seeing recently on the bitcoin chart seems to suggest a bull move which is overdue as we already had one of the bullish flag formations, then a repeat of the pattern, the move should come within the next couple of days maximum, so look out for confirmation.
From the very start of history, bitcoin has be written off, this chart sums up the history behind the most valuable cryptocurrency.This charts states that bitcoin could reach its ATH in December 2019 and reach $600,000 in 2021. Between 2014 and 2016 it took 1141 to reach its ATH, but once it did it exploded to new ATH.
Hope you all like this chart.