$17k bitcoin, saylor hold on!capitulation day, could we be seeng $17k bitcoin? the longest of long term trendlines must hold at the 100 monthly moving average.
my worry is even if this bounces here we have broken a mid term trendline signifying that this could be a dcb (profitable dcb) - is bitcoin dying?
17K
BTC Detailed Top-Down Analysis - Day 124Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
124 out of 500 days done.
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~Rich
BTC to test 19K highs on 12.21.20we have shaken out the 13k waking zone
Shot past the 15k resistance
next target is 17.5k then we should rocket to 19K!!!
23.5k is my market target but we could see a massive drop after 19k peak to 17-15k levels to retest. '
**Biden winning US election can jump start new "digital age" in the USA**
**a WAR will cause an inverse on both XAU and BTC watch out**
Recount of election can slow down movement of BTC.
11.13- 11.24 prediction test 17k falls to 16.4 holds then either drops again to test 15.8 or begins push to 17.5K
Inverse Head & Shoulders looks ready to launch!According to Gemini's chart if we were to confirm the breakout from the inverse head and shoulders pattern here the target is in the 17k range. Let's hope this validates. The market certainly appears fundamentally ready for this kind of leap. I'm thinking a tight stop loss maybe a pip or 2 below 10.5k would be wise maybe 10290 or so. or it could be safer to place the stop loss a 2 pips below where the CME futures gap is to ensure I don't get stopped out into a bear trap that just shoots right back up after liquidating a bunch of overleveraged longs. It certainly feels like the pattern is going to be validated but we've been here before so I wouldn't be too trusting of that just yet.
Ascending triangle forming on btc, Still bullish.Price has consistently failed to break the 11.1k level on the daily.
Ascending Trinagles are a bullish chart pattern - We saw one forming back when btc was in 4k area, Now its forming at the the current price range of 11k-13k.
IF it breaks above we could be looking at bitcoin TESTING ALL TIME HIGHS!
But nothing is certain in trading - So DYOR as well!
Main level to be aware of 11.1k We close below this level on the daily for any reason - This trade idea would be invalidated.
Wish you all good trading and profits!