I want to make a disclaimer before beginning my analysis. Argo Blockchain is highly dependent and volatile stock due to it being a mirroring stock on the price of bitcoin. If you are not able to take days or even weeks of uncertain volatility, please stay away from this stock. However, with bitcoin being at such a high and less volatile (percentage wise) asset,...
The measurement method from the two pennants we have drop us to 25.5k and 21.8k
I'm expecting us to have strong buyers in these zones from 28.8K-29.3K, 27.8k-28.0k, 25.5k, 24.4k-23.8k
Can set bids in these regions with tighter stops betting on good demand in these areas
If not wait for the confirmation of the restest of that level, or likely as it will wick up...
Evident there is some form of current profit taking
2 scenarios:
1. weakness in the market, we loose the bottom of the range at $36300 and it could dip down to $30300 which is the 1.618 retracement from the 2017 ATH to the next lowest point which was in December 2018
while writing this it has bounced strongly from support of $37200 by $1000, which makes scenario...
40K for BTC. Huge milestone. 1 trillion market cap for the whole of cryptocurreny as of yesterday.
But where next?
If this 4HR closes green it forms a nice hammer, keeping bullish momentum with almost a 2K wick at the bottom.
As a result I belive that would be the end of the bearish divergence leg down
However, if we get a 4HR crossdown on the MACD be cautious as...
Highlighted by the red lines you can see major bearish divergence
Will be using this not to short but too find more entry points when this down wave is completed
Waiting for a reaction as support at one of the key levels highlighted...
As you can see the breakout has cleared expectations quite massively
It broke to our expected areas, highlighted by the % change ranges and also the 1.618 fib
However it then flipped these areas to support and has now reached the 2.618 fib
This is a crazy push, the MACD positive cross helped the momentum printing an almost $2000 candle
If it can flip the 2.618 to...
Here was a simple breakout trade
2 trendlines, a retest on the upper trendline - red candle
Enter on next green candle and ride up
If we can close this hour candle or 4HR candle above the blue/black box at 27.8-28K, would give bullish indication to push on above to the ATH's made in the night
The long wicks below recent hour candles means buyers are picking up BTC...
Following our last post, evident the wicks meant strong buyers, BTC pushed into a new all time high just above 24K
However rising prices means bearish divergence which amost always causes a pullback, especially in BTC and crypto
Decent bearish divergence on the 1HR chart here, combined with strong bearish divergence on the 4HR chart has caused this sell off - was...
I am firmly bullish for the long term. Major institutions are stacking sats very quickly and price has rocketed nearly 120% YTD. Bitcoin has seen many records broken this year, it’s only a matter of time until the retail FOMO begins. Price has found resistance at the 78.6% fib level (~$16,500). Currently waiting for the price to break up above this level where...
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 13th .
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 3th .
This is a 30 minute chart created yesterday.
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This is a round-trip 1100 dollar revenue...
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 29th .
This is a 30 minute chart created yesterday.
It was a short position strategy.
Because we couldn't break through section 1,
There...
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 26th .
This is a 30-minute chart written last week.
Without much movement,
Blue finger at the top, blue finger at the bottom
Within the blue...
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 14th .
This is a 30 minute chart created yesterday.
Long purple at the bottom / Short purple at the top,
Without much movement, the sideways...
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 7th .
This is a 30 minute chart created yesterday.
*In order to interpret according to the movement path,
Failure to break through the red...
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for September 29th...
