BitbullTrading

BitbullTrading

Hello Together, a possible Ascending Triangle on the daily chart! What do you think? Post it in the comments! It looks like this bullish chart pattern could form. This is just going around in social media like wildfire^^ exactly why you should be cautious again. As long as the uptrend remains in the stand, it does not look bad. the breakout, however, could...

BitbullTrading

Hello Everyone, attached is a view of the larger 4h timeframe. Here you can clearly see that we are forming an Inverse Head and Shoulders PAttern. This is a bullish chart pattern and could take us back towards $50,000. I've also drawn you the resistance zone where I think Bitcoin could run into some trouble and not immediately break to the upside. Feel...

BitbullTrading

Hello together, also today there is an update as usual! There could be a nice Rising Wedge developing on the 1h chart. This is a Bearish chart pattern with a higher probability of breaking out to the downside. I have marked you the two scenarios for the next possible trade. One should definitely wait for the retest on a breakout to the upside or downside!...

BitbullTrading

Hello together, Here is an update for you again today. I took a look at the larger timeframe and made an anylse with the 50 EMA Ribbon on the daily chart for you. Whenever we have broken the 50 EMA Ribbon on the daily chart to the top, we had another pump, which has extended for another 43 days! Technically, this would take us into the $50-60,000 region to the...

BitbullTrading

Hello together, enclosed is again an update for you! We have held very well above the Fibonacci level and form a new pattern! Bump and Run reversal patterns are characterized by the fact that you had a strong sell-off, but then it is broken by a steady rise through the trend line immediately to the top. I have drawn you the important phases. For me, it is...

BitbullTrading

Hello all, Enclosed is another update on the bitcoin price. As you can see, we have seen a very strong push to the top. I do not want to fill you with many lines and indicators. Very simple and just look at the Fibonacci level. This is created from the start of the correction, to our bottom. I have marked two possible scenarios for you. If we continue to go...

BitbullTrading

Hello all, enclosed as always is my daily update for the bitcoin price. I was abroad for 1 week, so unfortunately I could not upload anything for you. Now here is my forecast as usual. It looks like we are forming a Descanding Triangle on BTC on the 4h chart. This is a bearish chart pattern. I expect us to stay in this for a few more days before a final...

BitbullTrading

Hi Together, as every day, here is my daily update on the BTC price. Yesterday we broke out nicely above our trend channel and are trading just before our ATH. I expected that we will be rejected here first something before we break through then final. On the smaller timeframe, a small Ascending Triangle (pink) is formed. The neckline is formed by a huge cup...

BitbullTrading

Hello together, Attached is my daily update on the BTC price as we do every day. We saw a nice breakout yesterday and got sold off just before our resistance (yellow line) as mentioned yesterday. However, we found wonderful support at our Golden Pocket of the Fibonacci. Also, the 78.6% level is strong resistance for BTC. Should we close a 1h candle or even...

BitbullTrading

Hello together, Enclosed is again my daily update on the BTC price. We broke out beautifully from the inverse H&S this night and are currently trading at around $54,000. The first major resistance before our ATH would be at around $55,800. In fact, this is where our yellow uptrend channel is, which has always acted as resistance over the past few months, and...

BitbullTrading

Hello together, enclosed as every day is my daily update on the BTC price! We formed a nice W pattern over the weekend and saw a nice breakout up to our neckline of the big inverse H&S. Here we were, as expected slightly rejected and consilidate a bit. In my opinion, this consilideration can last a bit before BTC start the final move up! My price target to...

BitbullTrading

Hello Together, Enclosed, as always, is my daily update on the BTC price. Since not much happened yesterday, I have also brought yesterday no update. For this it goes today already again very well! It really seems that BTC forms the inverse H&S, of which I spoke a few days ago. Price target in a breakout above the NEckline would be about $ 61,000. This would...

BitbullTrading

Hello together, Enclosed is again my daily update for the BTC price. Unfortunately, we could not confirm our Head and Shoulders Pattern and are corrected downwards. An important price level is now the $47,000! Here BTC must show a reaction and go up now! If we cannot hold the 47K, it is very likely that we will fall to the $43,000. Keep an eye on the...

BitbullTrading

Hello together, as always, here is my daily update at the BTC price! As mentioned yesterday, the H&S pattern has risen perfectly and we are currently starting a breakout above the neckline! Watch out for resistance at around $51,800. BTC absolutely needs to close a 1h candle above it. If the breakout is confirmed, it is of course a super long entry! I will...

BitbullTrading

Hello Together, Attached as always is my daily update on the BTC price. We had seen a nice breakout from our rising wedge yesterday as expected. Through another bullflag, we have continued to move higher and are consilidating at around $48,500. It could now be that a potential Head and Shoulders Pattern is forming. The important thing here is that we close a...

BitbullTrading

Hello Together, Enclosed as always is my daily update on the BTC price. As mentioned yesterday, the resistance line was very important for BTC. We have broken through this in the night and even tested nicely on the 4h chart! Now we see a confirmed breakout with successful retest! My price target would aufjedefnall the $ 50,000. First resistance then comes at...

BitbullTrading

Hello together, enclosed is as every day my daily update on the BTC price. We had formed our Symmetrical Triangle yesterday and have seen tonight a nice breakout with erfolgrtreichen retest down! The target would be around $41,000. However, at the moment it seems that BTC is holding strong at $45,000. This initial support is very important. It could hold off...

BitbullTrading

Hello All, as always, here is my daily update on the BTC price. It seems that a small Symmetrical Triangle has formed overnight. The chances of a breakout to the top / bottom are here 50/50. However, it just looks as if we form an M-pattern in the Symmetricla triangle. Here it is now necessary to fit on. This is of course a bearish chart pattern! A breakout to...