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Bitcoin Still in triangle [Death Cross alert]Price of bitcoin stays in the range and there is high speculation zone for bulls and bears. Death crosses are usualy strong bearish signal for assets like stocks or metals. For cryptocurrency it is also strong signal. Looking from the history there was a lot of Death crosses with quite good dump afterwards. Remember, death cross is mid-term trading signal, giving us only possible trend direction for nearest months. Death cross not cancelling global trend of the asset.
INDEX:BTCUSD
by ArShevelev
2
Bitcoin Elliott Waves & Renewable Energy IndustryBitcoin Elliott Waves plan update. So Bitcoin strugling to hold and fall down towards 30-ish zone as the possible end of sharp-ABC correction of current cycle (still there is chances for 27-ish). Possible growth of Bitcoin to new ATH on the radar and might take a few days to develop the bottom before take off. Despite recent China mining crackdown there is most likely China miners will be fine. According to btc . top CEO Jiang Zhuoer - only unregulated China miners under treat of crackdown. Those miners who follow China regulations are fine. Some of the miners indeed will shift facilities to less regulated regions like Central Asia (The region consists of the former Soviet republics of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan). But this shift will open new markets for China as supplier energy and mining facilities. Nowadays, China is leading the way in the renewable energy industry, by being the largest manufacturer, exporter, and installer of solar panels, wind turbines and they might want find a new markets across the globe to supply their products. I expect increased demand in the mining facilities running on renewable energy during Q4 2021 and 2022. Obviously market change shapes quickly and we have to be aware of uncontrolled risks. Stay focused on the balance of your basket. Best regards, Artem Shevelev
BITSTAMP:BTCUSDLong
by ArShevelev
6
Bitcoin Price Analysis prior triangle breakout 🔀Hi! Price showing obvious triangle shape. Looking at the previous market movements and behaviours on right charts, you might notice same structure over past few years, with different end result. Back in 2018 we saw the breakdown towards downtrend. In the 2020 we traded similar setup with bullish outcome. Notice interesting structure inside triangles. In bullish scenario I see wedgy shapes and in bearish structure I see descending channel and triangle. Today price sloping towards apex of triangle and price developed few wedges inside triangle. Any breakout will be supported by traders which following market closely and in case of breakdown we might see last holders will sell out in fear if price shakes down. Stay focused on the market behaviour on next 2 weeks, it will take time to confirm the breakout either way so don't rush trades in the panic.
COINBASE:BTCUSD
by ArShevelev
12
Bitcoin Price Outlook 26 May 2021 - Prior CME expirationPrice of Bitcoin stabilize below $40000, looking for correction from down move towards 50-ish zone. Now price still inside curved area and might touch the resistance of curvature. Take a look at indicators here on pic below RSI showing nice Bullish divergence but Price remain below DMA200 and DMA100 taking this 2 factors give us opportunity to see price rebound upside towards 50-ish zones to retest DMA100. In fact there is CME futures contract expiration period for trades opened above $20000 and $30000, so seems like institutional traders fix their profits now. Best regards Artem Shevelev
BITSTAMP:BTCUSD
by ArShevelev
8
Bitcoin Price Action Outlook 13 May 2021Bitcoin price surged a little bit from 60k , now heading towards sweet buy spot and we are able to get good prices for long entries. More details covered on the chart. Please make sure you know how to manage risk and position size. On the chart main focus on Daily Moving Averages (DMA) with length 100 and 200. This DMAs making good support zone for trend movements and pretty solid for buying during the trends. Current price fluctuated below DMA100 and above DMA200, which on my opinion is pretty good spot for buying. BR, Artem Shevelev
BITSTAMP:BTCUSDLong
by ArShevelev
6
EOS USDT Could be freaking huge Adam & Eve setup +80% potentialLooking at EOS/USD chart we are at local top, but from bigger perspective, price might see another rise during eos/btc surge. EOS targets remaining at 5 and up to 9$. Make sure you following risk management, do not trade without stop loss. EOS highly speculative asset, which can go to 0.01$ (at least there is some chances) so make sure you not buying for holding without stop loss. Stay safe Best regards Artem Shevelev
BITFINEX:EOSUSDLong
by ArShevelev
11