As i published in my last report btc formed a fake bull flag, whales will be selling on this zone to after that drop.
With Markets Under Siege, It's Time To Consider Serious Portfolio Adjustment,
With the stock market in an unprecedented period of volatility, we are all sometimes forced to make tough decisions. The recent turn of events around the...
Bitcoin outlook for February
Bitcoin is in an interesting spot at the moment.
The EMA-200 was and the red supply line was broken on January the 14th with the tallest green candle since October the 25th.
This move was also accompanied by high volume which indicates strength.
The price has been retracting ever since, but what's interesting is...
This essentially now means that Bitcoin is perceived by investors as a safe haven asset, meaning in terms of turmoil (war, political, natural disasters, economic crashes) money will flood into bitcoin, much like it has been doing with gold for millennia.
Here's a short labelled chart essentially showing a timeline of the events that unfolded with the #USAvsIran...
On the Daily's for Bitcoin (above), we see that, on Tuesday, BTC dropped to approx $8,555 at the 61.8 fib level, also finding support there above the 50 sma (blue line), before a bounce.
From there, see the red arrow, the price was held up as the bulls battled to move the price up above the 13 ema (green line), approx...
At the time of writing, Bitcoin was down by just 3.34% to $ 8,715.36 for. A mixed start to the day saw Bitcoin firstly rise from an early morning to a high $ 9,075.32. Elsewhere, EOS (-0.01%) and Litecoin (-1.74%) were also in the red in the early part of the day. It was a more bullish start for the rest of the majors, however, with Stellar's Limen up by 3.08% for...
A pretty simple short trade has come up in my opinion, this breakout from the marked blue consolidation zone has got us above 75 RSI points on the 15m and 1h chart, and as you can see we are far extended above the 15m Kumo Cloud (which consistently acts as a price action magnet)
Looking for at least a 1% drop down from USD 9050
Bitcoin is nearing a decision point. Above, we see that Bitcoin has formed a bullish flag following the sharp move up, which began in early April. Volume largely dried up during its formation and it should increase, if we are to see a breakout above the upper channel. Bullish flags typically represent a midpoint in a move...
The bitcoin chart is showing too high certainty patterns right now.
The Three Rising Valleys pattern that is evident between 6th Feb and 4th June had a breakout to the upside confirming the pattern and it gives us a target of $14,769. This pattern has played out 100% of the time for bitcoin in the history of the cryptocurrency.
The Pipe Top is also a high...
As we can see, history tends to repeat itself.
I have taken a move from the bullrun of 2017 which can be seen here:
now, if we apply this into markets' current price we can see we have a bullish pennant forming.
This shows a consolidation period before another bull run.
The previous move is almost an exact...
All my studies recently 20 MA was key to support. So for now until I spot another buy signal I got to turn bearish. Also, may now close below close of 24 Feb $3,831.3, and looks like Parabolic SAR may flip too. Will have to wait for another signal before turning bullish again.
#bitcoin #SELL SELL SELL MAYBE. Check yourself. Construction mark all consecutive Williams Fractal highs both must show MACD Histogram in green >0 boxed yellow. When next flip red 0< box with purle from there to the low. Then with stats work out your strategy. NOT ADVICE. DYOR.