BTC is yet to fully correct, at least on the weekly. In my eyes, these huge candles up are unsustainable without significant greed. Significant greed cannot continue indefinitely without returning to the mean (neutrality), and likely, significant fear.
There are a few factors I believe will influence a correction:
Greed across the traditional and crypto...
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I am left rather confused about this pair in regards to direction. I would like to think the massive sell-off stopped out the majority of support buying but there is always a possibility that price may come down again to tackle the previous low marked.
I am more bearish bias than long but I have marked out both targets for those who are interested.
Continued though from the last posts (in French, not sorry) so you can trace my thinking and analysis forming 4 days ago.
Lots here, lots to say, let's breakdown. What if people got it wrong: Emotions may have made many want to see an unsustainable uptrend reboot via a triangle. Here is why I think they got this wrong, completely wrong, and the trick was not...
Again you can see the volume has lowered today, gold is taking an absolute battering and BTC is to follow.
The bear flag seen can also be seen on the higher timeframes from the recent price activity prior to the recent dump. Check out my analysis from earlier today; in connection, this what I think is going to happen including my predicted price.
It's in plain...
As bitcoins price tries to recover from to drop a couple days ago will it break down from here or have another crack at $10,000?
We are going to see quite some volatility on the weekly close this week! make sure you set your stops!
HEY! Nice short opportunity for perfect risk /reward ratio.
Sell only after understanding that bears are stronger. Entry point aprox from the price levels of 8800 or 9200-9300.
Have a nice week traders!
Might the profit be with you
Bitcoin seems to please its investor as the halving approaches.. On the daily chart of #BTCUSD, important points draw attention..
First of all; Bitcoin is in overbought position on the daily chart .. Stoch RSI and RSI are at the overbought level, also the coppock curve has been at such a high level for the first time in a long time.. Although there is no clear...
Back to basics, info on chart, TP when you see fit.
Working from Fibs, MA's and long term trend line plus the fact were most probably at the start linn of the end for a lot things in this world.