BNB is still doing very well and shows absolutely no weakness. Target is still active. A long time back I was already positive about BNB and easily expected the $100 Now I have updated my expectations and easily expect towards the $1000 per BNB
I posted this chart once before February 21, 2021 and thought it was time to do it again. We are still sitting around the same price of around $58,000 I am still very very very bullish........
Nicely back above the trend line and back at the range low. If we can claim the range low again, there is a very big chance that we are going to look for the range high again as we will have made a deviation and what we often see after a deviation is that the price is going to look for the other side of the range. Let's go ADA
Bitcoin has dropped 10% in the last 24h. Absolutely no reason to panic! For now, we have taken stops below the range low and closed the candle 4h nicely back in the range. If we can't hold this range I think we will go back into the older range where the demand zone 4h is located.
Let's look at a very simple TA on the day chart. We found nice support yesterday on the 21EMA and the lower trend line. Above all, don't shoot into panic too quickly if Bitcoin drops another 5 to 10 percent or so. Nothing to worry about! Just take some HTF to relax.
Bullish pennant..................are we going to see an explosive breakout from BNB? If the bullish pennant starts to play out we can start to expect a big breakout. Let's go BNB!
Bitcoin is looking good! We are again looking for the Range High and am curious to see if we are going to look for liquidity and end up back in the range. It would be a nice option to give the alts some additional room. On the other hand, I personally think we have ranged enough and are ready for a new ATH
BTC is still nicely in the range. What we also see now is that a triangle has formed and we are close to a breakout. Are we going to fake-out to the demand zone 1h or is it now really time to go back to the Range High and make the break to the previous ATH.
BTC is still nicely in the range. What we also see now is that a triangle has formed and we are close to a breakout. Are we going to fake-out to the demand zone 1h or is it now really time to go back to the Range High and make the break to the previous ATH.
Nice diagonal trend line from ETH....nice nice.....We are within a range and the chance of making a descending triangle is certainly an option. Let's go ETH for next ATH
Has bitcoin found enough support on the Demand zone? I think so. We broke the trendline, broke through the support and made a ms-shift right away. All very bullish signals.
BTC/USD 4h chart. Despite the fact that we are all hoping that BTC will go back up we are still dipping a bit. We have made a new lower low but the bullish divergence is still active and the demand zone we just hit again. Would like to see the candle lose 4h in the range otherwise I see us dipping further and the S/R zone is definitely an option to start looking...
BTC chart 4h Bybit What we see: BTC has had a nice correction and we have found nice support at the 4h demand zone where we have also found support at the EMA200 and we have a bullish divergence. Reason enough to return to the 4h supply zone. If we do not break through this zone I see Bitcoin correcting further towards the S/R zone.
Finally a nice correction of Bitcoin. Very fair but this is what I was kind of waiting for. Many are not going to like this but still this is better for the bull market to have a bigger correction in between every now and then. Is the EMA200 going to be enough support or are we going to drop further to $41487-$39996? Keep you're eyes on it!
What can we expect from Bitcoin after this afternoon's hefty dump. Despite the dip, buyers were emphatic again. See the huge wick at the bottom of the candle. This indicates that there is a lot of buying power which is causing the price to shoot back up. Can the lower trendline provide enough support and will Bitcoin hold up and we'll be back to touching the...
Let's look at the bitcoin chart from the bigger picture. E.g. on the weekly chart. As you can see we are in the phase above the middle band and if we continue to rise like this without getting a correction of 20 or 30% then the bull market is going to be over sooner than many think. Personally I would like to see a big correction for Bitcoin.
Nice falling wedge. Normally we say this is a bearish breakout pattern but we also see these breakout upwards regularly. Especially now that the market is so bullish I expect a big pump. My first target is between $2574 - $2782 a bit depending on where we break out. Ethereum looks good otherwise and a target further away is definitely $3500 or even higher.
Herewith my set-up for BNB (I am already in the trade) Liquidity is taken or the weak hands shaken out. Nice RR value. Maybe we'll encounter some resistance from the supply zones along the way but I honestly don't expect it. BNB is super bullish partly because of all the projects around BNB at Binance. Let's go BNB to the moon.