Lets see how this plays out. Currently in a long from 7.3.
BTC below 11,200 (in my opnion) is bearish. 11200, if we touch it, should be sold hard, unless we see a big green candle break it and stay above it on the daily. Multi-Month, long term support is at 8k ish as shown. I only paper trade and look at numbers, but if I were to trade, I would short bitcoin here and up to 11200. SL at 11400 and trigger buy if it tries...
I am still higher TF bullish for BTC. It has bit me in the past to be so bullish, but none of the major structures are broken yet. When 9k breaks, that would be time to panic for a drop deeper into 8100-8200 region.
Australia is unlucky because it does not have a lot of tech and finance stocks to carry it forward. 25% of the market is just 4 banks. As earnings and profits dwindle and the initial retail shock due to COVID dies down into reality, expecting this to plunge one more time. Good level to watch here.
There is a divergence in the force and vol. seems to be drying up.
Calling it. Probably be crucified. NO idea how charting works. But it is what it is. Strong bear divs and volume decreasing. #Yolo
Looks like we have swept the lows for now. It may range here for a week maybe two, then should start grinding back up. iH&S break would see us at 14.3 by halving in May.
Primed for the triangle breakout above. I reckon its going to try and find its range top now.
As always .... not much to put in here, also have no time to do it. Just putting this chart out there since I think we approach the bottom of the multi year bear. I hope you all made it through, here is to the bull run that shall ensue in the next few months. Last chart said we hit 6k. We hit 6k. This chart says we bottom at 6k, i hope we bottom at 6k.
Lots of plays in between, however wanted to see and track bitcoin against past performance. Needless to say bitcoin has never broken its uptrend on monthly / yearly TFs. On a weekly and Daily level, for this idea to work out 6k support will need to remain intact and rocket starts towards the end of 2019, which aligns with the halving also.
Here we are at support again. This support has held for a long time and if it breaks, its essentially free fall, this makes it a great place to long. Long here at 0.025 and stop loss around 0.023.
Theoretical analysis for self only. I think we drop 40% here and range for a couple of months.
BTC is now very bullish after quite some time. Here is a very simple chart that shows some key levels. Golden cross has already happened, and its basically BTFD from here on. However, we need to retest the breakout and previous resistance for this to be a longer term bull rally. If that happens, its probably a great time to enter again. Posting this to look...
So here is an idea. I let charts do the talking. We are approaching resistance. I dont think we break through it here. However targets are given. No matter what the dip, this is one stock you buy and hodl.
You all may know my romance with this stock. Its adoption is absolutely crazy. Looking at the chart we have a great double bottom forming with resistance around the $15 mark. If this breaks, I expect this to shoot up.
My last chart is still a long call, just wanted to add another chart here. Weekly RSI has bounced off lows and wants to start curling up. Stoch is painting a picture that shows this may be another week of sideways. Weekly levels looking very good. We are due to a retest of the previous high shown in the chart. Yearly lows have held and there is no reason to...
Beautiful bottom test and bounce, should hit 20+ soonish if the ASX doesnt take a dump overall.