Bitcoin on the verge of falling again?
According to this analysis, bitcoin may still fall. Having two downtrend patterns together reinforces this scenario. If Bitcoin can not stabilize above the price of 42,000, the power of this scenario will be multiplied!
Tip one: Bitcoin may abandon the bat pattern and continue its trend
Tip two: Bitcoin may...
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...
BTC broke down from a rising wedge from 4h time frame. But on daily its looking like its gonna bounce from the golden pocket given in the chart. EMA 100 is also in same spot as the golden pocket. So the probability of the bounce is more unless there is any negative fundamental news.
We have two scenarios for Bitcoin:
1- If Bitcoin supports the 50K number and continues the uptrend.
2: If Bitcoin loses 50 support and falls to 42k.
You can wait or make a stairs to buy in the range of 51 to 53k.
"Do not forget that maintaining one's own capital is profitable"
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In accordance with the BTC Hash Rate and Hash Ribbons , I believe that Bitcoin is going to 100k between now and mid-July.
The hash ribbons indicator evaluates market sentiment and potential miner capitulation by using the one-month and two-month simple moving average of Bitcoin’s hash rate.
Whereas, the Hash Rate indicator is calculated based on the number of...
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...