Price should start to retrace lower from here for the next few days.
So first of all I am net long on bitcoin but short term I am short biased. I have never seen over-extension like this that actually continues for very long. I do believe that we will drop to 15k where we will form an inverse head and shoulders pattern on the weekly. After that has been created bitcoin will create the largest rally in it's history.
My new account over 2000 fallowers account l cant open.
trade idea Trade setup on BTC (Bitcoin) this is going to be your last big buy op before wave 4 of 3 is completed and we start on wave 5 of 3 targeting between 36k to 74k GBP (I know that’s a huge range but that’s what the trend based fibs line up to), each one of the 4 price points highlighted can be the end of the down Trent (wave 4 of 3) i would prefer for the...
Option 1) Long Bull trend. 1D Chart. Market currently appears to show a bear trend in Elliot wave 4 of 5. We are looking to enter on a confirmation bar moving higher from a wave 5 bottom. This may or may not be lower than the previous wave 3 low, signalling either exhaustion or a shift in momentum to the up side. Either way, we would expect movement toward the...
As one can see during this phase of the bullrun (16 Dec - 20 Jan) BTC used the 2/1 line as effective support bouncing off the upward 1/1 line at its ATH, until breaching the 2/1 on the 20th, finding support on the downward 1/1 line. BTC has managed to get a leg up and find support on the upward 3/1 line, however it is looking weak and will now find further...
Giving the recent long consolidation weekend, Bitcoin is preparing for a big move (before a big correction maybe!) Disclaimer: trade on your own risk. This is not financial advice. I am not a financial advisor.
Up or down next? Bulls at the ready...!
RSI maxed out NVT maxed out be careful it makes not difference if zillionaires are coming in. they are buying whats getting sold and probably from them selves that they bought secretly early in the year. dont trust you tubers
if history repeats Bitcoin could be in trouble here regardless of these big money men coming in. much more money came in in 2017 the overall marketcap of crypto was up near 40percent higher. I am actually starting to think this whole thing could become just like the stockmarket very soon.. CONTROLLED I'M READY FOR A RETEST BELOW TEN
Think this needs a breather for few hours and then will resume the uptrend
Bitcoin is currently printing a massive triangle formation... you need to see the forest, not just the trees. Bitcoin will keep consolidating until breakout. I know it's not what you want to hear, as it's still some time away, but long term weekly chart shows that this should occur mid-2023 and in the meantime you should be able to consistently scalp for the next...
Here is my amazing prediction for bitcoin to gbp, however I am not an expert, so please don't ask. Just buy.
I love it when BTC goes for a walk.... cheap cheap coins on sale here with buyers back from their vacation. Moreover they have their eyes on the $12,000 highs which they seem too fancy. 📍 And here for a change of scenery we shall dig into the LT macro chart. The multi year battlefield adds all kinds of clarity for our attack, buyers want to load the lows and...
Wait for weekly candle confirmation to place your order 😊
Looking at BTCGBP - Weekly analysis - Strong Resistance at £8228 - I'm looking to go long around £6800 - if BTC breaks through £8228 then will look to see if Resistance then becomes support going forwards- only need one confirmation then we are off!
Just noticed that we have created a cup & handle pattern on the Daily chart for BTCGBP. Looking to go long again under £7500 - Bears please help me!