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Bitcoin Price Analysis Long TermThis is a look at the Bitcoin price chart from 2014 until current. I discuss interesting price movements related to Bitcoin becoming an instrument at CME as well as other interesting price action in the last several years. Last but not least I look at current price action in order to share my feelings on what future price action could look like. Disclaimer: I am not a financial advisor. This information is not a recommendation to buy or sell anything at anytime. This information is only for entertainment purposes.
COINBASE:BTCUSD
by GmanVet77
Ending diagonal Bitcoin W1 chart?Reversal pattern continues to present on Bitcoins weekly chart. Hi, we hope everyone is having a pleasant Friday. This morning while doing the rounds, I noticed a good-looking pattern on AVAX and Bitcoins weekly charts. The pattern looks like an ending diagonal, generally seen as a reversal pattern. As noted in today’s video analysis, we would like to see prices continue to move higher and form a breakout. Bitcoin and Avax have both started testing the upper line and could break clear if momentum can continue. After that point, we would like to see highs and resistance tested and beaten to confirm we have a new trend underway. A move back to the lower line is a warning and could signal the pattern is failing.
EIGHTCAP:BTCUSDLong
by Eightcap
Which flag is bitcoin waving?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Still working this video thing out. Going to be using TV as a rough draft. So uploads on other places will have the corrections and will be cleaned and scrubbed of all the fun non word noises. Still not convinced of the bottom is in, and here is why!
COINBASE:BTCUSDShort
by CryptoKnee
1
Bitcoin (BTC) • Everyone waiting for xmas rally? Bitcoin failed to sustain above 17.1 in another nice fakeout. In my opinion just trying to delay the inevitable. There is substantial demand on the bid and sellers at the moment seem exhausted. As discussed in the previous video Options expiring in December carry the highest Open Interest of all contracts and the max pain zone points to 19k which sits at a technical resistance. It is the perfect present for a Xmas coated rally. A visit to the 16.2 would probably offer better risk-reward than current price levels. But the key is also to reclaim above the 17.1 and sustain. But overall the strategy is looking for Long entries on pullbacks while the "invisible hand" keeps pushing all these sideway shenanigans in order to get everyone fearful. Remember Long positioning is what makes sense from a risk/reward standpoint here but I do not yet believe we found the bottom. Due to some other factors related to how futures have been trading over the last months.
COINBASE:BTCUSDLong
by D7R
5