I have used a bullish pennant drawn from the 4H candles. I then used the 15MIN candles to make this short term prediction using some support, resistance and Fibonacci circles.
We might be out of the woods alongside with the US equity market, judging by $M2 and many other factors. We've seen H&S quickly evolved into the recent shortage of dollar supply which lead to a temporary dragdown across the board, and later being resolved by FRB promising 'infinite money supply'. We are currently forming a Inverse H&S pattern with a measured...
Which one do you decide? Inverted Head and Shoulders? Falling Wedge? Rising Channel? Bullish Pennant? Rising Wedge? Ascending Triangle? Equal Triangle? Which direction do they all point?
On weekly BLX it rsi and stoc showing there’s still room to go off old Yope
BITSTAMP:BTCUSD COINBASE:BTCUSD BITFINEX:BTCUSD GEMINI:BTCUSD BYBIT:BTCUSD BITTREX:BTCUSD BITBAY:BTCUSD FOREXCOM:BTCUSD CEXIO:BTCUSD OKCOIN:BTCUSD FTX:BTCUSD CURRENCYCOM:BTCUSD BITFINEX:BTCUSDLONGS BITFINEX:BTCUSDSHORTS BINANCE:BTCUSDT BITTREX:BTCUSDT POLONIEX:BTCUSDT HUOBI:BTCUSDT BINANCE:BTCUSDC COINBASE:BTCUSDC ...
Even BTC could not avoid the exodus from risk last week. Positioning isn't the problem in this case as the market is back to Jan levels, a clean sweep of the soft hands to reset play ahead of the halving ... We can expect to see a broad recovery of Crypto this week on the back of co-ordinated CB policy intervention, I still favour trading BTC from the long...
Does not take a rocket scientist to see what's in play here.
If a black swan event is in play BTC will become the Sovereign fast safe haven for investors. The world is switching from analogue to digital so to speak. 50K could be on the cards cointelegraph.com cointelegraph.com www.cnbc.com finance.yahoo.com blockonomi.com bitcoinist.com www.youtube.com ...
BTC looking Bear too me. THe Bull Trap was setup, and for a longer reason the just the TRAP,Traders are waiting for Newbie traders to reset their Stop losses, and then to Short the Market, grab some cheap coins and then pump the Market. The 2 mentioned prices correlate wellon the 2 FIB Ret LONG PERIOD, on right side of chart, and within that chart i have another...
$BTC already failed a couple of times to break the resistance level. IMO it's do or die time.
At some point I think Bitcoin will go megataon. I expect us to break upwards from this ascending triangle / (2nd pattern possible) descending wedge. Sure we may come down some and if we do I'd like to see us stay within these pattern(s) and eventually make a BIG break upwards!
We are under the bullish trend line. Banks, Fed pressure as well as countries desire to own this space will short with Strength to collect more coins before the final push into the atmosphere. BTC needs to feel like it's dying before it can actually have a real run into the next halving. Looking for 2590 USD in next 6 months.
the bottom channel on log seems to be its mos safe trade long term
The trend lines presented clearly associate potential fluctuations with defined stability levels -- outlining a primary-base, secondary base level & sub-base trend -- allowing for a closer analysis for future momentum. Analysis by STUDIO VIVE Ltd.
This is the most likely scenario for Bitcoin (BTC) in our opinion. DISCLAIMER: Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your...