If we consider that the correction ended in late June, then in August the stage of the set of positions in the range of 6250-6500 $ began. If buyers keep this price zone, I expect growth to 8200 before the end of the year. Otherwise there will be a negative scenario that will be published after the breakdown of this price zone.
Well Bitcoin retraced as we expected it to retrace so now we are having a reversal and we are flipping bullish again! Now we have EMA 20 crossed EMA 200, EMA 50 crossed 100 and soon EMA 20 will cross EMA 200 which is an extremely bullish sign so we have a downtrend line meeting us at 7kish area however this time I think we do have the potential of breaking this...
Bitcoin positive start to the day, though the lack of an early relief rally leaving the Bitcoin bears firmly in control going into the weekend. Bitcoin Technical Overview Day Trading Range: $6230 - $6650 Key Resistance: $6455 - $6528 - $6580 -$6635 - $6680 Key Support: $6378 - $6320 - $6278 - $6220 - $6170 Most Likely Scenario Long above $6400 with target...
After a 2-week consolidation in the range of 6300-6500 buyers checked the price range of 7300-7500. Consolidation was in larger volumes than the previous one, which lasted from June 12 to July 16. Yesterday, when buyers tried to break through 7300-7500 - the market went a lot of volume sellers. The margin shorts chart confirms this. Therefore, I think without...
***This Idea was charted on a Log-scale chart*** On August 17 2015, with months of a deterioration of Bitcoin's price, everyone's confidence in Bitcoin waned as BTC price fell below $200 to a record low of $160. Almost a year beforehand, Bitcoin was almost 10 times its price, and some people that had bought at that time as well as the Hodlers were starting to...