Im gonna say it! It is not a suprice after the fed printing trillions of dollars, they woud withdrawal it also with great intrest from the people that invested during that time. This is a bigger crash then we have seen in 2020... It doesnt make any sense, there for my conclution is that this was a bubble. If you believe in coincidence that the moment the fed...
For now Bitcoin Is Experiencing a heavy Bearish Movement. We can Expect the Price to do Positive Reaction From 19700$ Because This is a good Strong Support. note That the Price is in Weekly Timeframe.There is also a Regular Bullish Divergence (+RD) On MACD Which is a positive Sign For bullish movement.So We can Expect the Price to Reach the Support Line and Than...
2D setting up a springboard to possibly 35k medium term , bullish divergence building up for weeks now . SL swing low at 26850 TP 25% at 0.382 and rest at 0.5 fib. Longing mass fear is the play.
Im looking for a decent bounce at 18K to 20K range...not that the bear market is over...but just a simple bounce for a short term relief rally... this will be the range I close some of my shorts...go long on a few alts (VERY VERY Short Term) to then swap back out to longs for the next legs down.. IDK how low BTC will go...but even if BTC goes sideways... ALTs will...
Welcome Traders, Investors & Gamblers 😃 The 200 week SMA the most logical target for Bitcoin on a weekly closing basis all along. I've been talking about it here on @TradingView since at least February. Now we have perfect alignement with this falling wedge and the 200 week SMA. Im looking for a wick down to about 20k or even aslow as 17-18k (see 78.6...
Bitcoin is in a very dangerous (bearish) situation by each quantitative metric in financial analysis -technical, fundamental and manipulative-. The mid-trend is clearly bearish, with a ~33 RSI in the weekly chart, and a ~46 RSI in the monthly chart, as well as bearish moving averages (210, 70, 14), and the price under them. The price is experiencing some...
This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE. So let's see how the market reacts in the coming days. This chart is likely to help you in making better trade decisions. I am not a market maker I could be wrong. Everything is on the chart. Thank you
The current target is still the center line of the pitchfork. From there we have a high probability to get at least a bounce. I would not expect a trend change, since BTC is clearly following the bear market. And why wouldn't it? BTC is a currency. People use it as a thing of barter the same way as with Fiat-Money. What ever you use to buy, it's value comes...
Taking a look at bitcoin it has broken a key weekly support level. In the video we look at potential target levels and the possibility that we see this retrace. Everything explained in the video, not financial advice.
GMT is dropping so hard. Bottom after messive liqidation
We are given 3 scenarios in the Daily chart and all of them include a rebound of some sort obviously , but what is interesting is the levels we can get with them. 1st scenario - Rebound on the top of the last known demand zone, dating back to DEC 2020. 2nd scenario - Entering a range in that demand zone and finally leaving on the upside. 3rd scenario - Ranging...
I am posting this to all who are interested to see if this actually plays out. I am completely neutral at the moment, but if I really had to pick I'd be going Long in this zone (not financial advice), however, this is really going to squeeze out all shorts if this continues to capitulate to the lower 20,000's GL TA Maxi's
Our latest post hinted at similarities between the structures of Bitcoin and Ethereum. We warned that Bitcoin was likely to follow the Ethereum's breakout below the support, which occurred a few hours later, and Bitcoin made a low at 28 003 USD. Then Bitcoin reversed back into the neutral zone and continued to climb higher over the weekend. Currently, BTCUSD...
Over the past two weeks, we have continued to warn investors about the false rally, which seems to have started losing momentum. Yesterday, we warned that the correction in ETHUSD was nearing its end; then, a few hours later, ETHUSD fell approximately 10%. At the moment, we notice a similar pattern playing out in Bitcoin. Therefore, we would like to voice caution...
Over the weekend, Bitcoin enjoyed some upward price action. Then, it continued higher once the futures market opened on Monday. Currently, it trades at around 31 400 USD. Once again, our thesis is that if the stock market holds up and continues its bear market rally, then BTC will march higher with it (in the short term). Therefore, our previous comments about...
As fast as the odds of the bounce increased yesterday, they faltered right away after Bitcoin retraced below 31 411.48 USD. After that, Bitcoin erased most of its prior gains and halted a decline at 29 184.25 USD. Currently, it trades near the 26 600 USD price tag. We maintain our bearish stance and price target of 25 000 USD. The market sentiment and...
Bitcoin continues its choppy price action within the rectangle pattern (neutral zone). Its recent failures to move substantially higher from the resistance level suggest that not enough buyers are stepping into the market. That is also reflected in the low volume, which is significantly lower than just a few months ago. In addition to that, on 15th June 2022, the...