Bitcoin completed its measured move on January 7th and gave us some extra price action up to the $49,000 area. With a strong sell signal and now a follow-through bar reaching the Daily 30EMA, is it time to short? How do we trade this? 🤔 To justify a short trade, we need a Daily candle close below the 30EMA. The other data points all support a counter-trend...
1W time frame - Every vertical dotted lines stand for halving timing, we call them "a cycle" between two lines. Every cycles have similar trend, we can mark them with three colors as below. (1) White range stand for Bull high to Bear second low (2) Red range stand for Bull high to Bear low (3) Green range stand for Bear low to Next halving According to...
Hello everyone, hope you all are doing good. This Bitcoin technical analysis is not a financial advice. Cryptocurrency is a very high volatile and high-risk market, so please do research on your own before trading. Previously shared analysis of Bitcoin was about observing the overall life cycle. (Elliotte wave theory and its own patterns) This analysis is only...
Hello dear buddies. how are you? I want to tell you about my long-term thinking. this idea has some similarities with 2019. please check it out and let me know what you think. happy trades.
Bitcoin (BTC), which hit an all-time high of $69,000 in November 2021, has been in free fall amid a broader market meltdown and is now down around 70%. So while Bitcoin is battling the big psychological number of $20,000 in the short-term, the real bottom could even be around the $10,000 mark. 4-Year Halving Cycle Bitcoin's 4-year halving cycle has a significant...
Bitcoin's (BTC) slide seems to have no end in sight, with investor sentiment showing extreme fear. Yet, there's a light at the end of the tunnel, and to understand where Bitcoin goes from here, we need to step back and look at the bigger picture. Bitcoin Log Long-Term Chart As per our in-depth analysis, Bitcoin's long-term logarithmic regression channel is still...