First time publishing a trade.
Bitcoin will bounce in the 10,580 area due to converging support of the set-up trend line, the 200 period MA, and the .382 fib.
If previous resistance is broken, the price should reach around 11.2K at the .618 fib.
The value is Bitcoin is getting back on track again these days after the bearish correction of the previous month. The value of Bitcoin is showing strong bullish momentum in the market and today a few hours ago the value of Bitcoin reach around the value of $12,000. Some of the experts and crypto investors are thinking that this sudden increase in the value of...
Just a short explanation since lot of things are said with trend lines . With this higher low BTC broke the trend of lower lows. It enables us to create upward channel using previous price levels. If we add fibs channel into this, confluence of trend lines and fibs channel marks key levels bitcoin has to break. I'm expecting 200-400$ dips at each key level btc...
Kinda looking like something that would be possible. Once again, it's just frontrunning, but could be a map to use until broken.
Follow the orange drawn in lines...Do you want to see the rest of it?
When I'm falling down
Will you pick me up again?
When I'm too far gone
Dead in the eyes of my friends
Will you take me out of here?
When I'm staring down the barrel
When I'm blinded by the lights
When I can not see your face
Take me out of here
Take me out of here
Take me out of here
Take me out of here
All I believe and all I've known
Are being taken from me...
Bitcoin is flirting with the 0.618 fib - and a break below the $10k psychological level would probably mean further movement towards the 0.786 fib level around $9000.
Alternatively, a bounce could be on the cards if Bitcoin can hold this area.
Happy trading, folks - please leave a like if this analysis is helpful for you :)
My bitcoin price prediction as the above graph, to the end of this year, price is around ~ 10000, you will amazing why is so near current price, aha?
I think bitcoin is near the correction, and after correction need some time to recover and gain upside move momentum.
My previous prediction in Mar 2018, aligned with the bitcoin trends very well.
Bitcoin has had some decently sized upward movement in the last week. Here are some key support areas to look for a buy at. The main support area currently being tested is the price of 8800 - 8900. If that breaks then we will like see a retest of 8200 and then 7500 (if 8200 breaks). These are some good levels for new money to get invested in for mid term trades....
Hello guys I hope you had a great weekend,
Let's see the latest price movement of btc and what assumption we can make from it.
The triangle that is formed in the daily chart shows us that the price of btc appear signs of exhaustion. After the big green candles price is moving more parallel to the lower line than testing the upper line of the triangle. In fact we...
Hi traders,
I hope all is going well with everyone.
Bitcoin is currently in a trading range (sideways trading) for the past 10 days - trading between $8200 ( supply zone ) and $7050( demand zone ). I can see some major signs of weakness that Bitcoin price is showing.
For example, the major rally from $7200 to $8100 with volume strength but prices failed to...
I just checked the price of Bitcoin back in 11 Nov 2017, at $7888.88, that's a round number right?
Therefore that's a super strong resistance level as well which already has broken this week few times,
right now that I'm righting this, bitcoin is braking through that level and a flag pattern for the 4th time.
This can be the beginning of another bull run towards...
Many systems on this planet follow 4 year cycles.
Here is a comparison from 2014 and 2018 bitcoin price.
1D charts, roughly equal time scaling, from the peak on the left to the dip near the centre is a price difference of 500-550%
Indicators:
Volume Profile on the left
SMA, purple 50, pink 100, white 200
BullBearFilter Stochastic by CryptoRhythms
