BTCUSD - Intraday - We look to Sell at 59485 (stop at 60144) Short term bullish momentum has stalled. Previous support, now becomes resistance at 60000. Pivot resistance is at 60100. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Preferred trade is to sell into rallies. 50 4hour EMA is at 59600. Our...
The last price recovery was faster, but its dump was also slower (see the big blue circle on the left side for reference). I'm forecasting a slower recovery for this time, as you can see in the blue curved line. Real recovery might differ from the forecast, as I don't have a crystal ball. No one can know the future for certain, but we can calculate. If you haven't...
Updated the chart to include more details like days of each cycle from time of the Bitcoin mining halving until the cycle peak.
looking to open a trade maybe tomorrow if we can stick to the trend lines and form higher lows. btc doesnt seem to like the zone its in and wants to move up but this could all be manipulation before another dump. if we cant hold here i see 52k easily.
Double bottom pattern forming on the 1H, looking to break the supertrend and head towards the neckline. If we can do that, would be a good place to open a long position for the breakout. follow me on twittr - CryptoNarducci
BTCUSD - Intraday - We look to Buy a break of 58121 (stop at 57249) The primary trend remains bullish. We can see no technical reason for a change of trend. A break of bespoke resistance at 58000, and the move higher is already underway. Our outlook is bullish. Resistance: 56500 / 57500 / 58000 Support: 55500 / 54300 / 53400
EMA 20 at 58775 is down sloping and RSI is in negative territory. if price sustains below EMA20 then retest of 50460 is possible. if bears can break 50460$ downward the price may drop to 43000$. Conversely if bulls can make price break EMA20 and sustains above it then price may reach its all time high.
If btc drops below 50,000$ then it can see 44,000$ , but i dont think it would see that prices and i think btc will soon start next wave since 50,000$ and we will see prices higher than 100,000$ in 2021 guys :)
BITCOIN UPDATE ok so the weekly is not looking nice short term, we have hit the ATH and rejected massively forming this big double top formation, the weekly candle the way it has closed we can expect the next candle to fill in the wick. So i am short term bearish on BTC.... check the next analysis on the daily timeframe......
A few ideas for Bitcoin During the bullrun it can be seen that 'hills' form throughout the run (labelled 1,2,3..) This is evident in the 2017 run and 2020 run The cup and handle idea is just a wacky idea that I threw together, it could also be viewed as a massive bullflag that has taken form Currently the price is acting strange, not forming a 'hill' but...
En Bitcoin estamos en la corrección de la 5ta onda de Elliot . El precio puede llegar a buscar la finalización de la onda C, entre los: 40mil y 44mil. (USD)
Looking at bitcoin here on the 1hr chart we can see that price is still within bullish nature as shown within the higher time frame ascending channel price is within, price made an ascending channel within an ascending channel forming a 123 touch structure where price rejected from at the third touch. Price has then since made an impulsive push down to the...
BTCUSD - Intraday - We look to Buy at 59255 (stop at 58344) The primary trend remains bullish. We look to buy dips. 20 1day EMA is at 59300. Dips continue to attract buyers. Bespoke support is located at 59200. Our profit targets will be 61751 and 63172 Resistance: 61200 / 61800 / 63000 Support: 60000 / 59200 / 58200
Taking into account the hot situation on the market, it is high time to resume the "Bitcoin weekend" section №14 and share our thoughts concerning the situation on the market. Bitcoin has been growing on average volumes for almost a month. And last week, the market asked for a correction to cool the crazy growth. Only the news impulse was lacking to trigger...
This was actually very easy money. As you can see in the chart the wick made a fakeout to the downside (going past my support), but the next candle respected my blue line (support holding) and the price is now recovering from the sell-off it had yesterday.
after the serious fall to 51000 bitcoin is now recovering and the uptrend will continue till 73k were it faces some retracements and is also a target for a lot of people
Basically market absolutely shat itself while I was enjoying some sleep after a good night out to the pub Sadly some longs I had been building took a sting Reasons: Hash rates in China died due to a huge blackout their which correlated with big downturn Also, lost 59K and it created a chain reaction of sells and long liquidations as price had been stuck above...