Decision Time for BITCOIN! Did you check in on the crypto market this week? If you had not, well then, you may be in for a surprise...in a good way, of course. Bitcoin was back above $10K for the first time since October 2019. More importantly, it is also back over the 200-day MA. That’s notable because, as Tom Lee of Fundstrat put it earlier this week,...
Hey everyone, welcome back to this weeks analysis of Bitcoin. As seen on the chart, price has bounced off my green s/r level. Just when it seemed like the bears were in control, buyers were able to push the price back up. Per my analysis last week on the daily time frame I knew that my s/r level would have some sort of reaction to it. We also see a big volume...
My previous trade broke even as I assumed a breakout from the downward channel I had created in consolidation. This led to price re-testing an 88.6% level on fibonacci. If price closes above once again, I will be looking to long.
BTC/USD looks to be potentially exiting the bear market. X marks the spot. This move could still take several weeks to months. Keep in mind that any monthly close outside of the range would be very bearish. Blue triangle indicates the current range. Green box is buy. Red box is sell. Blue line indicates major resistance. This is a log chart.
I am seeing a triangle pattern form in Bitcoin price chart. Prices below this triangle have been hugely rejected, look at the previous wicks. I am taking this low risk trade. Stops/ Target / Buy zones all are mentioned in chart. I'll really appreciate if you would leave a like. Follow to get notified for further analysis. Read other analysis below. ( Over 90 %...
Sorry if this chart is too busy, but Jesus... My initial target was $5k. But because the bulls have managed to hold onto it for dear life, they've validated an ABCDE triangle and have widened themselves from our most important support line. That is literally the worst thing they could have done. If the bulls had just accepted the loss, we could have dropped. hit...