Possible 3 scenarios for BTC in daily timeframe from my perspective.
Path 1 (Green) : If we break past 40k and get a proper close. We will go to 51-53k range and come down to retest 40k for support and move up more.
Path 2 (Blue) : There is a strong possibility for us to go down and get some more liquidity in order to move up. So if we bleed 26k range (4H...
I said I would stop posting charts with Arrows since they always end up making you look bad. TA to me is not about exact pricing, but general investing direction over the LONG TERM.
Despite this arrows do show thought process so why not.
This chart is based off previous analysis showing possible top prices for BTC based on previous market cycle percentages and...
Bitcoin along with most crypto has seen the market go bearish of late.
Our script working on the day chart here triggered a sell alert back on the 20th of April.
This was way before the big slump, this alert could of helped many back into cash before the bear market took hold.
For any CFD traders of bitcoin this alert could of helped you closed any buy...
For the past few days, it looks like an inverted H&S pattern (highlighted in yellow) has been forming. The length from the head to the neck implies that BTC will ascend toward the mid 40s if it punches through. Zooming out a little further, a descending wedge pattern (highlighted in blue) looks visible. BTC has bounced from the upper line of this wedge five or six...
Bitcoin is in the 4th wave down and a clear formation of a pair if head and shoulders patterns just confirms that fact. It's scary to see that that downside is 32k which is also a strong support zone when you zoom out.
Bitcoin has retraced, I see a clear bullish divergence on the 10h timeframe which signals a possible reversal either tomorrow or over the following week.
The sell volume is currently low, we have attempted to break the resistance but failed.
I'm expecting us to make a higher low here and then re-test the resistance (white horizontal line). That horizontal...
BTC broke down from a rising wedge from 4h time frame. But on daily its looking like its gonna bounce from the golden pocket given in the chart. EMA 100 is also in same spot as the golden pocket. So the probability of the bounce is more unless there is any negative fundamental news.
I'm waiting price hit the support.
Do not afraid losing the moment. If you patient you will got what you want.
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This is a short trade I entered last night. I do anticipate it to hit my TP. There are many factors I am taking into play for this but one of them is the Bitcoin dominance has been on a downtrend for a long time now, and it's almost dropped below 50% dominance for the first time in over 3 years.
With Altcoins becoming more and more popular, this is resulting in...
The Key for bitcoin in the next days is to find support above the red (20ema, weekly) and orange (50ema, weekly) lines! Thats absolute key! Once Bitcoin gets support above the red and orange line the targets are between the two Fib Levels (1.618 and 2.). Bitcoin can also get rejected by the to mentioned lines. If this happens it will be very important for bitcoin...
This is an update to the previous publish on Bitcoin/USD.
BTC/USD to go to ~100k in ~18days. Using parabolic curve and Ace Spectrum indicator.
Its very close to the previous prediction, where the previous didn't hit the target on time. Now the parabolic curves are adjusted to the latest data.
Bitcoin continues to follow the Fibonacci pattern and is now testing the trendline. Price has also stayed within the ascending triangle identified in my last chart analysis.
A break above the trendline clears the path towards $50400 where we may encounter a little resistance, however, a breakthrough at this level clears the way for $76k, our next Fibonacci...
Price continues to follow the Fibonacci Levels and has now identified an Ascending Triangle.
This is an update to my previous charts, laying out the Fibonacci Levels as projected up-to the point of the Triangle.
If price continues on its current path, we could be looking at a Price of around the $169k level by the end of 2021.
#bitcoin #bitcoinforecast #btcusd...