Simply put, price can never go straight up, it MUST retrace before a continuation as it provides liquidity.
Bull markets are built on bear blood.
with this being said, we can see that on the weekly time frame BTC has been losing bullish momentum, signified by the doji candle - representing indecision in the market.
I have marked two possible buy zones,
A number of currencies are trending in an inverse price correlation on BTC price drop and accentuated correlation on rise. With BTC dominance (% share of crypto currency market capitalization) decreasing incrementally, this could present an opportunity to capitalize on certain digital assets. This model presents a test-bed for BTC capital outflow and cross...
So, what a turnaround that was. Looking at the charts and the resistance points it was always going to happen.
Next target in yellow for me. Around the 10k mark. Top of the weekly cloud.
Will this be the top....
But, i'm a noob so could be wrong lol
Look at the price action and longbuylongsellIndicator combination.
After completing many cycle of lower low and lower high now the price is moving towards higher low and higher high this means that
as line drawn bitcoin will touch the 7890 soon.
If you wish to study about the longbuylongsellIndicator here is the...
this is a potential count for BTC/USD.
if I'm right then we are correcting the sub-micro 3rd before one more leg up to complete the micro 3rd.
i'm treating it with caution though.
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for a long time nearly 400 days Bitcoin couldnt break the Resistance shown in the chart
every time it hits it it fall more and more
from 22 Mar to 26 of Apr we will see some important moves in bitcoin that will decide the bitcoin trend in the next 9 month
Dont be so happy from the recent Alt coin moves and be aware of Bitcoin
as we all know any analytics...