Wishing you a great weekend ahead... Bitcoin (BTCUSD) is looking ready to continue growing.
Please allow me a minute to share this update with you... Thanks a lot for your continued support.
Bitcoin (4H) Chart Analysis
EMA10 was broken (blue circle), switching Bitcoin's potential from bearish to bullish.
After this resistance was broken with good strength and...
As you can see by indicators, BTC is going to hit 5k before bear market will end. Real consolidation only going to happen now, when BTC is going to stay between price range of 6000 to 7300 based on heavy resistances around.
The exchange rate reached a US $ 6625 correction. My assumption is that from this level the movement of the exchange rate will turn north. The figure shows that the wave sequence tests the closing values of the PSAR indicator symmetrically. This is indicated by the yellow squares. The last backtest created a thinner square on both sides. Therefore, I expect the...
Bitcoin has been consolidating downwards for the past three weeks while holding the low from the 25th of November. Today, a new low was hit at $6425 with a 4H candlestick now starting to show increasing volume and bouncing back up, is the low in?
Here is the 4H chart:
On the daily (D) timeframe, which is the main chart...
If this level holds now we may have formed this harmonic pattern which signifies a bullish tone ~ expect to test the anchored VWAP blue line or levels $7.8K to $8.2K?
This pattern also spotted by : twitter.com
I expect the exchange to test the $ 6625 adjustment level again. Then you can turn north. In case the idea is right I expect a 31% increase. Target price 8716usd.
We broke out of the old range once we closed below 7400. I think that we need to find a bottom for a new range to test before the next phase of price action can occur. There is an untested level around 5800 that if tested could form the new range of price action until it breaks out higher or lower. Hopefully we can close above 7400 to get back into the old range,...
A very complex corrective wave is indeed what we seem to be i.e. Triple Combo Elliott Wave WXYXZ.
It is down to interpretation but I think we could be making the (B) wave now of the Z combo.
This video explains it nicely with the ABCDE triangle happening within the first X wave.
Note the 1:1 in the (a) wave down of the (v) wave which is classic Elliott...
AS YOU SEE, LAST WEEKLY CANDLE CLOSE NOT GOOD. SO I THINK IT WILL CONTINUE TO DUMP IN THIS WEEK OR NEXT WEEK.
I WILL BUY SOME BTC AT 5700 - 6100 AND HOLD.
BTC IS FORMING THE FALLING WEDGE PATTERN. NEXT YEAR WILL BE THE YEAR OF BITCOIN.
Bitcoin trading volume has come to a halt basically after the low on the 25th of November was set.
SUPPORT
Now, BTCUSD is trading around support. If this support range holds, $6900 - $7100, then we are very likely to see the next move develop to the upside, but what happens if the support breaks?
There is strong support around $6700 - $6850, so if the...
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