Bitcoindollar
Bitcoin- New low soon?The main cryptocurrency consolidated and digested losses in the past 2 days. Bulls seem incapable to keep the price above 50k and a pennant is forming on lower time frames.
A new leg down can follow after the pattern's break and my 42k target will be in focus.
Bitcoin above 53-54k would delay this scenario
BTC - Things Are Getting Very Scary Hi, this is my new update for BTC. After 25% correction things are getting very scary for BTC. Right now we have broken some support levels, the most critical one is $51200, that we have to hold and the most important one is that we have to hold both the SMA100 and the trendline, but once we break below these levels then, we are going to test the support level $45000 and I think we are going much lower. MACD is red, we have broken SMA50, RSI is very low and has broken som support levels. 3 things can make us happy 1.) The support level $51000 holds, 2.) The trendline holds and 3.) The SMA100 holds. So be PREPARED
ohhhh yeahhh! $btc #bitcoinBTC futures on CME showing a big overhead gap that in my opinion will eventually get filled. Current daily candle is overextended and we should rebound back to at least tap it. The RSI not quite oversold yet which makes me think we could see 1 final flush lower followed by V-shape recovery OR if we are ale to break $50,500 then bottom is in. Strong support below and lots of buy orders/accumulation will happen. bitcoin
BTCUSD - Pay Attention, Stay Calm, Spend Money !!!Hello everyone,
I am trying to give a hand to others that could be stuck in indecision.
Consider that anything is possible, check the end of the last 4 months(Options), check the indicators(Divergence), check support zones, check Rising Wedge. Trust True Intuition
Take(Do not Pay) Attention to fibb retracements, resistance zones, buying interest, volumes and the last show for this Bull Run, which could be near.
Consider it,
This is not just a trading advice,
St. Gex
BTC USD Weekly Timeframe, Revisit 20EMA levels on the table?Failure to reclaim 57k even with bullish news such as Venmo integration doesn't look good. Wouldn't be surprised to see BTC bleed down to the 20EMA levels such as 43-45k over the coming weeks before seeing a strong reversal. I've started to act accordingly and reduced exposure, hoping to be wrong, but it would be stupid to ignore the red flags. Market doesn't make much sense right now with all these meme coins pumping (DOGE, SAFEMOON etc...)
BTCUSD - Looking at wide contingenciesA troll on youtube says that I'm doing too much guessing. Lol. I'm preparing for contingencies. I'd be happy as shit to keep confirming the solid black trend line. But I'll be prepared if we start onto the dotted line.
P Brandt and another friend seem to think we will bounce off 43k. Ironically that's about the top of my re-enty zone should things get dicey. I also agree that if we stay above 30k we're absolutely still long-term bullish on a bigger time-frame with a local downward movement. Probably somewhere in the middle of my massive retrace zone is my most likely expectation should this chart start to confirm the dotted line.
Damn. I'm writing too much. Your eyes and your research should tell you all this. I don't give buy signals but you can and should follow me on youtube for my rampant speculation.
BTC, Strange price action - thoughtsA few ideas for Bitcoin
During the bullrun it can be seen that 'hills' form throughout the run
(labelled 1,2,3..) This is evident in the 2017 run and 2020 run
The cup and handle idea is just a wacky idea that I threw together, it could also be viewed as a massive bullflag that has taken form
Currently the price is acting strange, not forming a 'hill' but plateauing just above one of the bands
Assuming the top band is touched this is out of character, any thoughts or additions to this 'strangeness' is welcomed
Curious to see how this goes
BTC- Rebound at 44k or now? (Video)Good morning people,
Cryptos have corrected while we were supposed to be having our weekend relaxation time... cryptos never sleep but we have to.
This is my updated Bitcoin chart, where I see a major support at 44k and that's where I would be buying massively.
This does not mean that the price will drop there, it might go up now BUT:
The dip caused the price to drop under the channel and this is bad news as it might go back up now and find resistance.