Not much has occurred since our previous update on Bitcoin. Therefore, we stick to our last assessment and remain bearish with price targets at $15 000 and $13 000. However, we want to reiterate that the short-term trend reversal has not been confirmed yet. Illustration 1.01 The image above shows the daily chart of MACD. We want to see it fully break below...
Bitcoin technical analysis: Due to the fact that the price of Bitcoin is in the low area of the harmonic trigger, we expect the price to reach the specified downward targets.
Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Don't be just a taker, be a giver! 👍🏻 Bitcoin is breaking out of this triangle 📐 to the upside so there is chance for run to 26600 and even higher. Just bought at 24869. Breaking out to the downside and reaching the...
Roses are red, violets are blue. Bitcoin pumping⛽ but currently being below trendline resistance. I have 2 bullish scenarios in my head how we could get to the target. Blue🔵 or red🔴? We could hit the target in few weeks anyway. Target being projection of the previous range 100%-0%, it's just measured move added to the range high (100% @ 21480). Simple yet...
Bitcoin have arrived to important level of resistance that played a big role during last two years. If it will break through €24000/$25000 and stay above for a month transfering it into support, the bull rally will start with new ATH. Failing below 23000 could lead to crush till 12000 and below where the margin call of most bitcoin big hodlers like...
Bitcoin have arrived to important level of resistance that played a big role during last two years. If it will break through €24000/$25000 and stay above for a month transfering it into support, the bull rally will start with new ATH. Failing below 23000 could lead to crush till 12000 and below where the margin call of most bitcoin big hodlers like...
Please 1st of all smash the boost🚀 button to support my work if you like it! It's absolutely for free. Bitcoin having nice ride up. I will not sell as long as this cyan support zone created by cluster of uptrendlines holds. Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is...
Please 1st of all smash the boost 🚀 button to support my work if you like it! It's absolutely for free. I would expect ₿itcoin to move between the lines inside the rising wedge at least for a while. The wedge upper edge should act as dynamic resistance, while the lower edge should act as dynamic support. Let see how it goes... 🍿 Check my other stuff in...
Taking a look at Bitcoin's price history, I noticed a repeating 9-step pattern that the current price action has been following since it peaked in 2017. The key points to take away from this is that the final point 9 ends around the height of the previous bull run (point 1). If BTC maintains a rate of growth decay (-5.5x its previous run) for its next bull run,...
This is the second bullish fed announcement we have received within a week and yet, the price is exactly where it was before the first announcement. Having consolidated above $22k for almost 3 weeks now, I would have expected us to be much higher than exactly where we started. To make matters worse, you can see where the price action has not broken out of the blue...
I'm watching the market cautiously at the moment. BTC is up almost 50% since its last low in December without even a 6% correction. We have had 5 consecutive higher highs, but the MACD has conversely made all consecutive lower highs. Taking a look a previous times this has happened in 2022, we had precipitous drops. Volume is also decreasing despite making higher...
Be careful - bitcoin over bought , very similar to the last little short squeeze , there’s a possibility 9k could be hit on a long squeeze
This is an update to explain my current thoughts on Bitcoin. In my opinion, price is headed to test resistance @ $25,211-$26,000. On the daily timeframe there is some consolidation taking place - sideways - meant to chop and confuse. My bias remains bullish until there is a test of the resistance area I just mentioned. IF, price were to break below the support...
BITCOIN PROFIT TAKING IS LOOMING, THEN €22117! #BTC DYNAMIC TREND = BUY JANUARY 10th #BITCOIN key levels: @beasysteem This is NO INVESTMENT ADVICE & for informational purposes only!
Please 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. ₿itcoin broke the yellow uptrendline, backtested it and got rejected. Now it just formed Head and Shoulders 🤷 pattern. IF price definitely breaks the Neckline at 18905 I think there is chance for drop to 12680 and even...
Heads up.... a breakout on the log chart is a game changer for BTC bulls. FED hiking cycle reaching the final chapters and pulling a handbrake on USD. We are entering into the 5th (impulsive) wave now. Keep an eye on $25,000 in BTC this week. We could see a leg to $46,000 as early as this Quarter. Stay long. Outguess the break.
The Indicator Pi Cycle was been very accurate in the past. It has been quite effective in determining tops and bottoms. About Pi Cycle Indikator TOP: It uses the cross of 111 day SMA and 350x2 day SMA. About Pi Cycle Indikator BOTTOM: It uses the cross of 150 day SMA and 471x0.745 day EMA. And the RSI is below 50, which is also a clear bottom signal imo. My...
Contemplating Bitcoin's next big move I predict that the next significant move will be lower. I have a few reasons for this view, among which are technical, macro and sentiment. The first being the most visual, are the technical patterns which I have highlighted. As Bitcoin has traded rather different in this bear market, I have found that looking for specific...