I'm expecting a retracement of BTC.USD to the golden zone between the .618 and the .382. We're potentially about to bearishly engulf on the daily candle, with a breakdown out of the channel. After hitting one of those fib lvls, should see a bounce from there to much higher prices. Value in the golden zone!
Bitcoin's retrace still hasn't taken its full form, it is a process still in the making (developing...).
After what appeared to be a bullish signal when prices moved and closed above EMA10, a rejection quickly followed yesterday and now prices are back below this level.
EMA10 is now sitting at $9761.8.
We continue to see lower highs being printed and really...
In the short run,
the price is likely to run inside the triangle.
Investors are advised to stay on the sidelines,
Wait for prices to break out of the range.
Feel free to contact me if you have any questions!
Long : TP 12000
Short: TP 8500
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for February 24th .
This is a one hour chart I wrote last week.
A path movement came out,
I keep the long position in BTCUSD (2). The exchange rate A so-called D1ATR closing value turns north 50%. This means that you can test the upper closing value symmetrically according to the fractal rules. In other words, the target price of 10905usd indicated in the previous analyzes may come into play again. The analysis also shows that the exchange started to...
BTCUSD remained in the long position. I was not forced to quit or reduce my risk. So I stayed in a long position. The analysis shows that bitcoin has turned north from the lower level of the D1ATR. Here again I mention an important rule. I usually work with two target prices. The rule is as follows. 1. If the exchange rate moves north from the lower level of the...
We have a bearish inside bar for BTCUSD (Bitcoin) with bearish indicators... Prices can continue to drop.
If Bitcoin fails to move back above EMA10 ($9811.3), prices are likely to move lower.
The first support we look for is sitting at $9167 or EMA50. Followed by $8864 or MA200.
Additional levels are marked on the chart.
Conditions for change
Markets usually do the opposite to what people are thinking!
Now this analysis is more for fun, is not serious and does not conform to my usual thought process.
1. An ATH break coming soon seems too good to be true, but markets don't care!
2. At around 20k, it will be a sign to many retail investors that bitcoin is back, people will be thinking of that well...