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BTCUSD (Bitcoin) dropped too fast... This is actually good news.
With such strong on the drop, we can easily expect prices to recover.
We can see a big green candle now moving back above EMA10.
The next candle is likely to hit all the way up to EMA50 or MA200, marked on the chart.
As Bitcoin bounces and goes up...
The same will altcoins with the altcoins,...
Still no retrace... No correction... No more TA.
Bitcoin likes to surprise!
Bitcoin always goes against the herd.
If we are all thinking that this is over and Bitcoin needs/has to drop... Then Bitcoin becomes aware and says, "Oh well, I'll continue going up!"
With a 100% bullish chart and nothing more to analyze...
On the 24th of November of the year...
Do we have two additional bullish/green months/candles coming for Bitcoin?
Yes... According to this pattern.
Notice how in the past, each time the TD Sequential hit a positive eight (8) a positive (9) always followed, and then a one (1) that hit a higher high before any form of retrace.
At the present time, we have a positive eight (8) in November... If the...
The amazing Bitcoin continues to move straight to 20K... Not really much more to say.
Our altcoins, the smaller altcoins and some of the bigger ones as well, also continue to move higher, following Bitcoin on this day.
How high can it really go?
When we looked at Bitcoin weekly a few weeks back, we mentioned $30,000 after $17500...
Daily we are now aiming...
Bitcoin, BTCUSD, on the weekly timeframe continues to aim higher... Let's have a closer look at the RSI, multiple milestones have been hit this week... Let's get into it.
BTCUSD (W) RSI:
Here we can notice that the RSI hit above 80 for the first time since December 2017 when Bitcoin hit it's All-Time High (ATH).
The TD Sequential for Bitcoin on the monthly timeframe is showing additional room for growth.
The RSI is extremely strong.
I got it wrong every single time on the bearish perspective, so I want your honest input on this one...
How far up can Bitcoin really go?
This is not a rhetorical question, I truly want to know your opinion as to how high Bitcoin can...
I just shared an idea pointing out multiple bearish signals on the 4h timeframe... This is now being invalidated.
Bitcoin (BTCUSD) just hit a new higher high and is very slowly but surely moving higher.
A strong bounce in the form of a long lower wick/shadow shopped up on the previous candle (marked light blue) and now prices are safely trading back above EMA21...
BTCUSD 4H is now showing strong bearish divergence with the MACD, RSI, and STOCH.
A drop can potentially take place here.
Watch out for a close below $15400-$1550 on this timeframe as well as EMA50 as support.
Additional info on the chart.
Bitcoin continues aiming higher on the weekly timeframe... Let's start by looking at the trading volume today.
We always look for volume as a confirmation signal for any bullish/bearish move that is taking place.
We've been seeing low volume for Bitcoin yet we didn't take it as a bearish signal. I mentioned that low volume when we have such strong bullish action...
When we look at the monthly Bitcoin (BTCUSD) chart, it is now clear that all the local resistance levels have been taken out...
The next barrier is now found at $19666+ or Bitcoin's All-Time High (ATH).
Bitcoin Aims At A New All-Time High
Bitcoin continues hitting its highest level since January 2018, with prices literally aiming higher.
This chart is very...
Here we are looking at the 4H timeframe as promised, this chart moves faster than the daily and we can have a closer look as to what is really happening right now.
We have a move and close below EMA10 and EMA21 on this timeframe.
The RSI hit below 50, which is the bearish zone just to move back up...
Prices remain trading above EMA50 which is a bullish...
Bitcoin (BTCUSD) has been facing resistance around the $14,000 price level... If this level isn't conquered fast Bitcoin's prices can drop.
Here we have a higher high on BTCUSD, yet we have a lower high on the RSI, marking bearish divergence.
The MACD looks like it peaked and it is starting to trend lower:
Good Sunday my fellow profitable cryptocurrency trader, supporter, reader, and to all those living and looking into Bitcoin right now... I am wishing you the best.
Let's have a look at the weekly chart, we have something really good going on right now.
The last time we looked at this chart we had the late June 2019 price peak, for BTCUSD, as the next...
Bitcoin (BTCUSD) fully detached from the S&P 500 Index (SPX) and now continues bullish towards $20,000+.
Here is the weekly chart:
Looking at the daily timeframe, which is the main chart above, we can clearly see Bitcoin trading above all major EMAs.
EMA50 was conquered 8-Oct. and now prices are safely trading above the...
Bitcoin (BTCUSD) just printed the first bearish signal/pattern since breaking above $11500, once our strongest barrier.
With this bearish signal now in, marked on the chart, additional bearish action can follow.
This is just a friendly reminder.
BTCUSD Chart Analysis/Signals
After a strong bearish candle, BTCUSD closed below EMA10 and the indicators are...
Bitcoin (BTCUSD) is now entering strongly bullish territory with prices trading back above EMA10.
In this chart, we are going to be looking at mainly the Fib. levels.
Based on fib. proportions, our next immediate resistance is sitting at $13520.
This level coincides with the June 2019 peak at $13764.
This price range of $13520 and $13764 becomes the 'LAST...
Today we are officially looking at a higher high for Bitcoin (BTCUSD) compared to last month's prices and we also get the highest level we've been since July 2019...
This changes everything.
Now, $13880 is the next barrier when we look at the weekly timeframe and where prices are headed...
Above $13880, there isn't much resistance.
If BTCUSD can break above...
For many months my friends we saw the SPX and BTC charts being correlated...
We saw Bitcoin mimic the SPX and vice versa, both moving in the same direction at the same time.
Now, things are starting to change.
The charts for the SPX and BTC are now completely different and both showing different potential.
The SPX for example is looking at a bearish MACD...