Bitcoin price hitting a 7 year long daily support zone. I don't see a single day candle closed below it. Maybe this time we break under it and break the trend, or bounce from here and keep the trend.
On the support area of the long-term channel trend line and the static support area of $18,000-20,000.
By observing the return signal candle (it can be a bullish engulfing in the weekly time frame), the probability of a trend change in the daily and 4-hour time frames increases.
Also, trend changes in 1-hour and 4-hour time frames can be signs of the beginning of...
I posted the wrong chart when doing my analysis on this ticker last time, so I'm here to update my error!
This is a very interesting sector to keep an eye on after it's gotten relentlessly hammered for the past six months.
There are now over 100 biotech stocks selling below cash, meaning these companies literally have more cash on their balance sheet than their...
This is a very interesting sector to keep an eye on after it's gotten relentlessly hammered for the past six months.
There are now over 100 biotech stocks selling below cash, meaning these companies literally have more cash on their balance sheet than their entire market cap! Furthermore, there are 300 additional biotech stocks selling at 1/2 cash (50% of their...
Very interesting levels with VERY high volume to focus on DURING these lows. Volume is heavy, and it is finally breaking upwards. Looks like it will pass this next test and go big. That is my focus for this upcoming move, will be looking to accumulate.
I will update this as we go forward, but with news of reopening and you bet ya 99999% customer growth will...
LONG-TERM
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
PBPB is forming a consolidation, waiting for the break out to go up.
Im waiting a price of $12 usd to enter a buy respecting the support and trends line.
Trade under there own discretion
- Price will likely keep moving inside the descending triangle (since 15/01/2018)
- Long-term trend (since 17/8/2015
- Key support (since 28/8/2017)
All of them collide arround € 5.000,- somewhere in jan or feb 2019
Without significant news nor a crash nor a bullrun seems likely.
Been out of town and offline with little to no trading/charting in the last week or two. Figured I'd take a look at the daily chart so I can set some longer term limit orders until I get back into trading. I could probably explain this chart, the trendlines, and the unmarked elliot and fibonacci analysis I did but that'd take too long.
If you wanna see that stuff...
I believe there are two scenarios, either it stays for another two days in the upper part of the channel or falls slowly trough fibonacci levels till the second support. It can touch the lower purple bottom channel just in case of another big FUD - exchange related, political or bitcoin/ethereum FUDs.
Really noob at charting and lets say TA. Any mistake you see,...
In my previous analysis, we saw ADA in a descending wedge which has been seen historically to break bullish 68% of the time (which it did)
However as ADA prematurely rose yesterday by about 8 hours, it needs a slight correction before we make our way up into the 4000s. These are ancient long-term trend lines and are more likely to hold than regular short-term...
![BTCUSD: [BTC] Charts Favoring a Longer Bear Market for Bitcoin](https://s3.tradingview.com/x/XDrtLjGl_mid.png "[BTC] Charts Favoring a Longer Bear Market for Bitcoin")
