We are on pretty solid swing low point for buy. Also D1 candle confirms that. H4 break EMA 36 and resistance acts as a support.
Time to short bitcoin to 13000$ with 17000$ stop Strong buy 13000$ with 11500 stop Good luck
Bitcoin has been slowly recovering (consolidating) since the big drop on Friday. BTC has now climbed above my short-term and long-term trendlines and also just pushed above the 200 period SMA. I would like to see BTC continue to consolidate and slowly move higher, possibly continuing along my long-term trendline.
BTC broke trend line next TARGET 20,000 usd
Looking at the past 6 months of Bitcoin, we see a huge gain in the past month. Alot of people assumed its growing simply because of the growth in popularity and more and more people are buying into it. But over the past week we've seen the prices drop and many experts believe the price will continue to drop for the remainder of the year. Those same people feel it...
For the time being, we are in a short-term uptrend but IMO we are still at risk of rolling over and heading lower again. As you can see by the chart below (3rd chart), the price of BTC has, for the most part, followed on top of the 10 Day EMA, with only occasional dips below the 10 and 20 EMA during corrections. Typically the price has recovered and moved back...
Don't wait 12/9/8/6 etc (now).
We can reach the 20k$ again in the next two days, but first of all, the btc have to broke the triangle.
Is the bottom in for BTC? Have we seen the worst of this sell-off? IMO BTC needs to push through the strong resistance I see in the $15,200 to $15,400 area fairly quickly or it may roll over and head lower once again. IMO a lot will depend on whether or not we get a second wave of selling from the US investors waking up and seeing all of this red in the crypto markets.
BTC/USD lost its support on the secondary leg it was retracing. This leads me to believe it will retrace the entire primary leg to its leg start. Unless I misread the legs (Not well defined) bitcoin could be falling back to at least the 6000 range. (Didn't spend much time looking for the primary leg start, could be lower). The next level we are approaching...
It looks to me like Bitcoin is forming a Head and shoulders Pattern. Bitcoin has been struggling to advance much beyond $17,500. There is also the RSI is showing a bearish divergence. Long term I am still very bullish but we could be looking at a short-term top.
The price action of BTC on Wednesday and Thursday was crazy and unsustainable, BTC over the last two days has been pulling back, this chart shows my thoughts on where BTC may be heading.
I'm just having a little fun with the BTC chart, I thought it would be interesting to calculate the price corrections that BTC has experienced this year (> 25%) and to also calculate the price increases from one correction to the next. I am going to go out on a limb and predict that BTC will hit a price of about $16,000 (barring a Black Swan event) before we see...
As the price of BTC has approached and exceeded $10,000 there seems to be a lot more instability in the price. We are seeing days with very wide price swings, there seems to also be a lot of indecision in the market. I am still very bullish long-term but it may take a while for this to play out and for the market to calm down.
BTC is back above $11,000 and slowly grinding higher which IMO is much more sustainable than when it skyrockets higher.
After the big drop on Wednesday, bitcoin has been consolidating/slowly rising. BTC now looks to be moving higher, hopefully in a more gradual manner. The push through $10,000 up to the peak over $11,400 was way too fast in my opinion and could not be sustained. I am hoping BTC will now slowly drift higher, pausing to consolidate as needed. If BTC can push above...
Okay, so first I should say that I am still very bullish on BTC long term, I am just talking short-term movements here. There was a massive drop in price yesterday followed by a recovery of about 50%, but was that just a dead cat bounce? Will BTC rollover from here and head lower in the short term? To me there looks to be pretty good support between $9400 and...