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BITCOIN- Updated Chart (the worse could be over)Further to our long video just a few minutes ago: After yesterday's dramatic post (the drop was expected and it happened) and today being a NEW DAY with the news starting to become better: Firstly, Yellen and the Americans 🤠 are 'Legalizing it, not criticizing it' because very simply the want to be the exchange in all this with their upcoming digital dollar : ''Janet Yellen told regulators Monday that the U.S. government must move quickly to establish a regulatory framework for stablecoins, a rapidly growing class of digital currencies. A group of U.S. regulators plans to issue recommendations in the coming months for fixing any regulatory gaps around stablecoins, the Treasury Department said in a statement.'' In the meantime, we have ELON MUSK, JACK DORSEY, CATHIE WOOD TO DISCUSS BITCOIN AT "THE ₿ WORD" which is the RIGHT KIND OF NEWS we need! Make sure you check Steve Lee's 'It's a bubble, it's dead, it's a bubble, it's dead' tweet and ask yourselves if we are not , right now, at the 'it's dead territory'... Nonetheless, I follow my chart cause that's my 'art' and i do see a HUGE buying zone with over 80% of a rebound incoming. So yes, I am starting to be a happier and bullier bunny again. One Love and Happy Eid to everyone, the FXPROFESSOR
Long
by FX_Professor
14
Bitcoin sell the breakdown.Bitcoin - Intraday - We look to Sell a break of 30888 (stop at 31666) Daily signals are bearish. Posted a bearish Flag formation. A break of 31000 is needed to confirm the outlook. A break of bespoke support at 31000, and the move lower is already underway. Daily pivot is at 28600. Price action continued to range between key support & resistance (31000 - 32000) although we expect a break of this range soon. Our outlook is bearish. Trades with a bearish descending triangle formation. Our profit targets will be 28818 and 28218 Resistance: 32000 / 33000 / 34500 Support: 31000 / 30000 / 28600
BITSTAMP:BTCUSDShort
by Signal_Centre1
1
BTC Sell the breakdown of $31000.Bitcoin - Intraday - We look to Sell a break of 30888 (stop at 31666) Daily signals are bearish. We can see no technical reason for a change of trend. Dips continue to attract buyers. However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern. The bias is to break to the downside. Pivot support is at 31000. A break of bespoke support at 31000, and the move lower is already underway. Pivot support is at 28600. Our profit targets will be 28818 and 28118 Resistance: 32000 / 33000 / 34000 Support: 31000 / 30000 / 28600
BITSTAMP:BTCUSDShort
by Signal_Centre1
2
Bitcoin can't hold gains. Break under 30k soon?There's no doubt I m bearish Bitcoin since 60k, and the main crypto didn't disappoint me, on the contrary... Since the top, BtcUsd lost half of its value and it looks like it will not stop here. Looking at the price action this week we can clearly see that rallies are sold and bears are in total control. That being said I expect also a break under 30k and considering a lot of stop losses under this figure I expect Bitcoin to tumble hard and fall towards 20k very important support. Only a sustained bullish momentum and price above 37k would put Bitcoin in a more optimistic perspective.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
23
TheKing Parabolic Moves--------------------------------------------------------------------------------------------------------------------------------------------- - The First Parabolic Wave from 3000$ ish propulsed BTC to 64,000$ (Perfectly +361.8% Fibo) - i imagined a Second Parabolic Wave with the same amplitude from the Top, starting from 28,000$ and added +361.8% Fibo - Result is 158,000$ This chart is not intended to be investment advice, manage your risks. --------------------------------------------------------------------------------------------------------------------------------------------- A Quick Salute to some interesting buddies traders that i follow, Together we are stronger. @TR7z @bestfarbit74 @fract @LuckyTrader102 @romansx 😂 My K0ksal Babitos! --------------------------------------------------------------------------------------------------------------------------------------------- Happy Tr4Ding !
BNC:BLXLong
by thecryer
10
Cycle Continuation Analysis Ideas - Bitcoin Analysis Long TermFollowing from previous discussion this cycle analysis takes a closer look at the relationship of previous cycles to calculate possible trajectories for future PA. It is, at the end of the day, unknown where the value of BTC will end up, and this PA is definitely bullish in sentiment. However I am long term hodler and believer in Bitcoins overall success, so bias is evident here. I can always attempt a bearish outlook should anyone care to see it. The chart at least makes sense from a long view market perspective - lengthening market cycles punctuated by increase price floors which decrease in percentage increase each time. the flattening curve as Bitcoin finds its equilibrium in price. Interested in all thoughts and opinions on this however keep in mind it is a bit of fun looking at past action and what could be! "We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years."
BNC:BLXLong
by Wynnsa
4