For the people that have been waiting for that Weekly 21EMA test to buy your time is fast approaching. Currently sitting at a nice confluence zone of $9000 I believe this area to be a great time to get back into spot/leveraged longs. Sure price can run right through to the low $8ks but there is a higher probability that price sees a significant reaction at the $9k...
We have officially entered the cloud on the weekly BTC charts. But there is still a lot to love about this chart. We are currently over the 50 MA for the first time in 48 weeks. Thats almost a year. Anyways the recent pump threw us into the cloud a bit earlier than expected. More thoughts on the chart! Have a great day everyone!
We are approaching the cloud. Its the moment of truth for BTC. Can the bullish price movement continue once inside the cloud? Pay attention!
The price is above the 50 MA on the weekly and thats a bullish indicator. But dont remortgage your home to invest. That cloud is gigantic! Keep those SL tight folks.
As you see here today the weekly close will happen and if we manage to close above 50 MA weekly that is going to be a significant move. Now do remember the close that we are looking for is the candle body close above this moving average and if we do that it will give us the confidence to say that we have now officially entered the bull market. In a shorter daily...
Here are my thoughts on BTC for the next few months. CONSOLIDATION! SIDEWAYS ACTION. That cloud looks very scary! HUGE! I say we stay between 4 and 7k til September. But WTFDIK
Here is a look at the cloud on the weekly chart. This cloud is no joke. We may dance around 4-7k for a while. Im thinking somewhere around September. BUT WTFDIK
BTCUSD at 3D timeframe we can see clear is OVERBOUGHT BTC tried to push through ichimoku resistance cloud but failed and now they need to retrace to gain some FUEL. We have a bearcross at stochastic and the buy pressure slowly going down. Why is my target around 35-36-37xx? Because there is the 200MA weekly support line In my opinion BTC was bottomed,but we need...
kindly read the chart. It is purely for educational purpose.
Price Bitcoin started the week dipping below the 9000.0 support level, but quickly returned and showed a sustained growth throughout the whole 9000.0 - 10000.0 zone. As was expected the breakthrough of the 10000.0 resistance did not happen, though on some Asian exchanges the price showed a peak above the 10000.0 mark. Failed attempts to break the 10000.0...
No voodoo here, no nonsense, just a simple possibility. 1 simple trend-based Fib, 1 simple possibility based on what happened last time we failed the Weekly 50 MA. I am not a bear, I want nothing more than to get back on track, I am hedged with buys all the way down. Dollar Cost Average, don't catch knives. Long-term survival Steady growth High profits In...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.