www.tradingview.com Hello Lads and Ladies, We will start today with the monthly overview of BTCUSD. What we see here is a wedge forming after the parabolic increase starting in 2017. This was a very healthy move that was expected and has driven a lot of conspiracies with it such as various manipulations or sell offs - at the end this was just a healthy...
BTC/USD - 1D Chart is showing some definite short term reversal signs, by no means am I pointing toward a full bullish reversal at this stage, but I am saying I expect us to re test the previous swing high at $6,800 due to a bounce zone lining up with some key structure zones. Blood has been great for this market, I am seeing people drop like flys and only the...
Today we have a huge H1 candle with good volume. That is a good signal of pullback. Is expected the price touch in the top of downtrend channel. We are far from a reversal, that is only a pullback for now.
Hey, I am back with another Technical analysis this time looking at Bitcoin on daily timeframe . By the look of the chart you can see that Bitcoin has formed second falling wedge breakout pattern. Bassicaly this pattern just entered demand zone and found some support , now it should retest the upper line, the downtrend line, and then breakout which would...
Hello Lads and Ladies, today we are looking at BTCUSD and there was a reason why I did not do TA on it until now. I was waiting for it to make its classical move up with the 4h candle. This $500 tall green candle was a move that we see quite often with BTCUSD. I personally expected a even taller candle up to the region of $6800 but that one might still have a...
Following yesterday's 5,755.0 low, BTC met the first buying pressure below the 6,000 psychological mark. After a -9.99% decline this is a natural reaction and highly speculative as traders will only look for quick intra-day profits. As a result we do not expect this rise to be a sustainable one and the 1H Inverted Head and Shoulders (ADX = 18.439, CCI = -28.7158,...
Buy when RSI bounces at around 35. Close at ~$6350.
Dear Coiners and No coiners, We have a bullish downward wedge forming in the BTC trend. The new low this past weekend invalidates the bearish descending triangle. The RSI has a bullish sentiment. BTC may go lower and if it does I will be adding to my position. Look for a late summer/early fall breakout. More regulation is coming into the space....
I think I may have underestimated the momentum of this bear market, taking a look at the chart again, the (A) wave in red could actually be the 3 wave correction from Ellitos wave and that would see the 3rd wave of the 5waves hit the 3k mark in 2-4weeks time (I guestimate, if not sooner). The white line is the faster approaching bear cycle down to 1.6k in cntrast...
So before I get started I just want to say I hope you are all having a great weekend so far. For today's chart, I decided to take a look at the bearish wave pattern Bitcoin has been forming over the last month. What I found was that both the drops and bounces I concentrated on are pretty symmetrical. I am using the 12-hour time frame and concentrating on drops...
Sell out? -Sentiment is at an all time low. -FUD is at an all time high. -Its an unregulated space. -The volatility is high. -Its unfamiliar. -It could be a bubble. -Its hard to understand. Scary stuff but to cut a long story short: Forecasting or evaluating Bitcoin prices based on fundamentals is silly since it doesn’t have any. When looking at demand-backed...
Bullish divs on macd and rsi. grinding against trend lines. falling wedge on whole chart...
Bullish divergeance on 2nd wave, 2nd wave grinding up against pattern top resistance... Rsi cupping up, if it breaks out can make for explosive move imo... long
According to 1 week log chart, there is endless cup and handle formation. Next stop: 60.000 $ by end of the year.
Friday printed the most bearish 1D candle (-9.99%) since March 29 (-10.61%), beaking February's 6,000.0 bottom. As posted since May 29, if 6,000 was to break, the price would be directed towards the 1W MA100 = first 5,627.4 and SMA100 = 4,565.1 in extension. Keep having the 2014/ 2015 bear cycle as a model to construct your strategy which should be selling on...
Welcome back my fam, Here's our current issue which we are dealing with in this market. Bitcoin is riding right on our resistance and support levels which is 'extreme' to say the least for crypto market. Downtrend below our long term support which has been valid since late 2017 will bring us much closer to further supports which are located at $5,150 , $4,450...
Just looking back over the past month and I am seeing repeated patterns. Interpret as you wish, just something to be aware of.
Ok, so in my long-term prediction I discussed the possibility of a falling wedge reversal pattern forming which I now believe is the most likely scenario at play. As you can see we are now expected to go up to around 6400 before retracing again. All these shorters are likely to get rekt very soon! Some shorters probably think we are printing a bear flag, however I...