Hello!😊, its me the Gorilla Trader again🦍...welcome to Makaveli & The Bitcoin Bulls Technical Analysis. It's easy to make money in a bull market right, but what happens when things starts to slow down? You start experiencing choppy moves, and this moves can get you easily frustrated with trading, considering how volatile the crypto market can get at times. Change...
As we can see on the 3 day chart of Bitcoin there are some simmularities between now and the last two tops. One of them was in December 2017 when the bull market ended and the other was in June 2019, which was a short term cycle / wave. Those simmularities we see are the high sell volume peak in the volume indicator and the RSI leaving the overbought / bullish...
BTCUSDT is on the selling point as you can see Ichimoku is crossed to red cloud and pul back is done as well to 0.5 I think TP is going to be $31K
In my opinion, BTC in 4H timeframe is inside a parallel uptrend channel... If BTC breaks out the midline of channel, it can touch $40K and more, however, if BTC breaks out from the bottom of channel, it can meet $26K and also $24K again... Hey Bulls! Make yourself ready... Who knows ;)
BTCUSDT trading in symmetrical triangle.. for now i am bearish..
Considering the 4H timeframe, price of BTC is expected to buy/rise to 9400-9480 area and then continue its downtrend to 8697 or 8641. At such an area, it may retest 8892-8958 area.
10k is imminent for BTC if and only if green zone is broken (9763 or up). Considering the horizontal resistance at 9566, if it gets broken, we surely will head to the green zone which will mean BTC will see 10k or more
It already hit 9500 level, that was intersect point where green line that represent Symmetrical triangle on weekly time frame which got cross over with purple line that represent channel resistance on 4 hrs time frame. now I expect, It to be fall on 7950 or 7600 level within next 4-5 days
BTC/USDT is on the verge of performing a MAGIC, but will it favor your position? This is the BREAK OUT against all odds and here is a good explanation for this. "THE QUITE BEFORE THE STORM” Where do we go from here? So many traders believe the market direction can be DISCLOSE by FLOOR PIVOT levels, they see and buy these pivot levels to exist at 1st or 2nd...