This is the 2nd version of my Litecoin Model prediction. Clearer and without exact price predictions as it can be deceiving and misleading. Creating this chart I found an interesting correlation between the Litecoin halving event date and the temporary bottom and top price of LTC which gives a good buy/sell indicator. @NBDCZ 22/05/2022
Looking back at May 16th TA that was sent on BTC the following was stated: “BTC currently looks to be in a descending triangle pattern which usually means continued movement to the downside. We are also sitting on a support and resistance level of 29.5k. 1. BTC is overall bearish need to see a break about 200 EMA 2. BTC looks to be in a descending triangle...
this is the 2 scenarios I see happening with trias over the next week. please not this ultimatly depends on bitcoin but I see it doing something similar, bitcoin will just change the timing and will determine how extreme this will be, although I feel my analysis will be around that level. this is my first published attempt at my own analysis so mainly posting...
I think I got this correction set out. Looks like an accumulation for a bull trap and a move down.
The $29k support has a very difficult task. Stopping eight consecutive red weekly candles. This formation has no precedent as far as I know in Bitcoin's history. Never have we seen every weekly candle for two months close in red. Should this support fail, then the outlook is grim with good support only found under $20k. It's hard to be optimistic about...
Hello, everyone! I think most of you tired of this trading range. I told you about the pump two weeks since the Bitcoin dropped below $30k but the price is still next to $29k where I bought it last time. To be honest I expected the rapid bounce, but the fear on the market does not allow the price to grow. Today I decided to consider the Bitcoin price action on...
A top reason why prices can fall : MVRV (Market Value to Realized Value Ratio) always show the cycles correctly. The MVRV did not say how much or for how long the price would fall, but it did show some good areas to buy. The MVRV has not yet reached the red zone (the right area to buy) so logically the price should still go...
Its clear that price of BTC is holding above the trend line and the major support on the weekly timeframe. To see a dip towards the previous ATH close to 20K we need a strong bearish breakout to appear on the following trend line and support formed. For now the BTC is still unclear with its next move. BTC in Weekly Base
probably the chart thats helped the most keeping a bias EMA cross was key especially as it was on 1D TF watching these lines and EMAs on next few days ww
My previous high timeframe review explaining Bullish OB situation below. Last week closed below bullish OB 31780-34260 zone which means that we should expect BTC to drop lower 24 / 20 / 14k. Before that final collapse happen we may expect (or hope) for re-test of newly formed bearish OB at 29300-35400 range. As you can see its a pretty wide range and BTC...
On daily chart BTC is creating a temporary bottom around 29K and prepare to bounce before drop again. BINANCE:BTCUSDT has two supports at 23300 and 20800. You can see on the chart. A good zone to use DCA way from 23300 - 20800 What next, wait and see
I’m not saying this pattern will validate or even that it will reach its full target. However, it is currently in play so I felt the need to post it here. We just recently got a lower low on the weekly chart which could easily confirm the bear market especially if we follow that up with an uptrend that ends with a lower high before it reverses back to the...
BTC has fallen out of the channel and i now trying to consolidate at the 618 (Corona dump low to ATH). The bottom of the channel is now acting as resistance
Good morning, let me just inform you that from a couple of days, i do not publish my technical analysis in the English version of Trading View but in the French version. (see related ideas below) DAILY Bitcoin incapacity toe recover and close above the resistance zone around 31'000 (intraday high reached yesterday @ 30'725) triggered a "DARK CLOUD COVER"...
What happened to the "relief rally"? We are in uncharted territory, do not wait for the classic "relief rally" or bounce because we are already in a new pattern. It is the first time that Bitcoin goes on a 7 week strike. We are on the 8th week and things continue red. The usual signals we look at are all bearish. We do have a bearish cross on the EMAs which...
BTC - Its Crunch Time which way will we go - Pump or Dump. I say Pump, based on institutional money entry at $28,000.
BTC / USDT Technical Analysis Do we have to wait for a price increase? 🤔 Comment on This analysis is only for better awareness and decision making I hope it is profitable for you 🙏 MOMENIfinance