hey we are seeing multiple rsi divergences and the daily candle seems to close a bullish (hammer candle) candle this might be the bottom
I am trying to answer questions of #bitcoins v/s #Gold debate from an #investor perspective. What if #Gold was currency used to buy #Bitcoin ? What will be the impact of a #Fifty50 #portfolio of #BTCXAU? Feel free to #retwit #Like #share & #follow #TradingView to the rescue. The #chartidea shows #BTCUSD represented in #XAUUSD terms. Allow me to "coin" the word...
hello everyone. i hope everyone is ok i will get straight to the point as i see now. i see BTC at the bottom for the following reasons: fibs time zone: as you see in the green vertical lines, the end of 2021 was called as the next top in the end of 2017, it was a clean shot as you see in the red vertical lines, and in the first half of 2020 the next bottom was...
The title is misleading - I am not a professional trader BUT I know how professional traders act. TL;DR - Bitcoin is at a range low with the break of 30k potentially being a fakeout. Probability still favours bullish extraction of the range especially if the weekly candle closes as a hammer candle. The three patterns (marked 1 / 2 / 3) are potentially patterns...
It's up to you, it's you who values or destroys bitcoin be careful
Hello, dear TradingView members. This idea is an analysis explaining Bitcoin's gaps. GAP! What is a gap? Gaps are breaks in price with a low volume of trading in between. In forex markets, gaps get filled quickly, However, in cryptocurrency, it takes months. Or even years for the gaps to get filled. The green parallel lines are the gap that is filled because...
There's been some significant price action since my last BTC update. As I expected, the market appears to be finding near term support near the December 1st 2020 high, just above 20k. I would expect a near term bounce to find selling pressure above 24k. If the 20300 support level breaks, There is little market structure to lean on to the downside until...
So far, #BTC price behaved as I expected and shared with you in my previous ideas here. But what would be the next move? As you can see, the main accumulation in the previous #bear market happened in the yellow box, from almost $6k to $13k, and after that there is no accumulation in other price levels. So, we can expect the price testing that area if some bad...
BTC BITCOIN vs SPX S&P 500 I have highlighted a fractal that I highlighted before. I did a FIB retrace on this and the FIBS tell the story. I believe that we have hit the bottom, and we are going to take off. The charts speaks for itself. This is not financial advice this is just my opinion. If you enjoy this content then follow me for more analysis and updates....
BTC BITCOIN vs SPX S&P 500 I have highlighted a fractal that I highlighted before. I did a FIB retrace on this and the FIBS tell the story. I believe that we have hit the bottom, and we are going to take off. The charts speaks for itself. This is not financial advice this is just my opinion. If you enjoy this content then follow me for more analysis and...
Interesting things happening in this chart , Crypto Market Cap "Excluding BTC". The head and shoulders pattern is clearly playing out and the technical target of this pattern would be at 303 billion dollars which happens to line up perfectly to the 0.618 Fib. At the same time we have a very rare signal flashing in this RSI indicator I use , it's based on the...
If btc holds 18-20k this could play out on the bounce , invalidated if btc crushes this region to the downside. Use proper risk management.
According to the wave count, a flat pattern is apparently forming. Therefore, we expect that in a 5-wave structure, the range will rise to 22650-24200 and then the price will fall again from that range.
Eron, Mikey, Cathy, and the rest of the Tribe of Cultists... Diver Down Mode. Saylor is Eff'd, deservedly so. Micro Strategies - 129,218 bitcoins @ $30,700 Loss - $1,340,636,750 Spectacular. Eron is, of course wrecking Tesla with his purchases as well. Cathy, well we expect nothing less from the World's Worst Stock Twit. "BITCOIN IS ‘A LIQUID ALTERNATIVE...
Hi Traders, Investors & Gamblers 😃 I hope everyone is doing great this wednesday morning! A quick update after the expected loss of the previous support level for Bitcoin, once again I want to point out a very logical next support level and potential bottom scenario for Bitcoin . The 200 week SMA the most logical target for Bitcoin on a weekly closing...
Not posted a TA about gaps in years , not traded a gap in years , once we blasted off in December 2020 and hit 50k range I thought no chance we fill the two gaps (yellow circles) , gaps are a thing of the past no longer get filled..... 536 days later we fill the 25k to 27k gap and no we have one more gap to fill at 18.3k , this could be the bottom filling this...
Reaching the end of Wave 5 then proceeding with an ABC. I think by the end of this month we'll see Bitcoin back at around $25,000. Feel free to ask questions, but I usually post charts and see if my forecasts are any good.