Wyckoff distribution forming on daily chart.
I was asked to do this analysis, however, I do not trade BTC and have not been watching the market and its price action.
Please take into consideration that I do not know how this market reacts hence the various scenarios I have given at the end of this video.
Elon's tweets could make things happen very...
I have already shared a daily timeframe idea of BTC yesterday. This is just an other view with Fib retracements from the March 2020 corona dump to current ATH. And the golden pocket and 4H demand are in a confluence. I think we will bounce from there.
This is the spot chart of BTC from Binance, yesterday I shared futures chart of BTC there will be very slight...
I was looking at the BTCUSD chart earlier and I noticed a similarity between the last 2 big moves. You can see each part on the chart.
I took the bars pattern tool and applied it to the first bottom and the last bottom. I then scaled it to match the size of the most recent move and overlayed it and... it fits pretty well. And look where it ends? Right on the...
We are closely following BTC and Altcoins.
2 Possible Scenarios
Our next target is : $80,000
Intermediate sell opportunities to $40,000 (30-70%) - However not interested in any SELL from this point.
Hope this helps, press the thumbs up for more.
After testing the first of our purple key levels that we had identified in earlier shared analysis BTCUSD has made over 10k gain.
As per our earlier Crypto analysis and comments we are investors in this space and so always look to add to our portfolios during dips with weak hand traders fold on significant pullbacks.
Another reason how and why we analyse and...
Having proved great support in our green zone on the way down, the way looks clear for BTCUSD to continue its bull run for new price discovery much higher.
BTC USD Has been on a monster run since the new year and 2021 looks like thing will continue that way. BTC/USD has plenty of room higher.
We prefer to add to our positions on pullbacks ideally our purple...