BTCUSDT
As you can see, Bitcoin has started its upward trend, but there are important resistances ahead that we will examine.
After three steps of movement, there was a reversal, which failed to engolf the trend base, so it can move up to step 4, which we have specified, and from there it will test the first drive again, and if it cannot engolf the first drive, it will move to step 5. And there is an important resistance that can make the price fall sharply.
(Be careful, this analysis is completely personal and is not a buy or sell offer, write me your comments)
Be successful and profitable..
COINEX:BTCUSDT
KUCOIN:BTCUSDT
BINANCE:BTCUSDT
Bitcoin-usd
BTC Price Prediction - TA using FibsIf you place a fib from the bottom of the prior run to the top of the next, the lowest price BTC retraces to in the next run is between the 786 and 886 twice.
This is true of all previous runs.
BTC hasn't reached the price between the current 786 and 886 yet twice, so I think a retracement to the 12k-15k range may be possible before a bigger run to the upside.
BEYOND THE CHARTWe can see on the EMA Ribbon that the previous attempt to change the trend was unsuccessful.
Latest attempt has been successful and we will see a continuation shortly.
It is worth noting for those who are unaware; This coinbase price chart is missing the price mark down phase and accumulation phase.
Referring to this chart only will make it difficult to find the best possible target.
The BTC / AST pairing is also driving the volatility as more capital (when compared to fiat) rapidly enters and leaves.
I am basing my analysis and targets on the information above.
$3000/Oz of GoldThere is a potential massive cup and handle on the Gold weekly chart. It should be noted that Cup and Handles don't usually play out over these very long time frames. Furthermore, the handle is not as clean as you might expect although online resources state ...
"After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback."
The handle doesn't always have to be a clean inverted arc. Given the above caveats, the chart is undeniably bullish even at first glace. Maybe we can see a Cup and Handle play out on this time scale. If it does come to fruition, expect a massive increase in volume as Gold breaks over the highest point in the "cup rim". The end result of such a move would target the $3000/Oz level. Enjoy.
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BTCUSD is respectfulBTC respected all curves and has now broken up - Good ! Time to retest a long-term curve at $21k.
I am happy to see this, as I have been seeing a multi-week divergence already and was waiting for it to clear out - I will be bullish short term but first - we need to get rid of all retail longing until $14k.
Expecting the price to bounce down hard after reaching $21k area.
Be ready to invest at $14-$15k !
BTCUSD Still longBTC is taking its time here, but nothing has changed much - I'm even more convinced in longing here, since the break of the curve didn't bring volatility during the fall. Volume trend on 4h is starting to go up, and rest of indicators seem to have taken a break. Open Interest also has reached a lower extreme - The market is ready for a bounce and retest of the channel's higher curve.