After analyzing the breakout of the bearish flag, I have added my two main targets (pink boxes) where I'll be opening long positions and expecting a bounce from those levels.
Everyone is very bearish on BTC and the markets ( It's normal as we have the world right now ) but why don't we think otherwise ? What do you think? After a big loss of its value ( -60% ) It's time to make a Buy, don't you think? Let's not forget that after breaking the SUPPORT levels ( 30,000$ ) the structure has already changed to a Bearish Phase, so all the...
✅PREVIOUSLY ON Bitcoin After 69000 hit on 10th November 2021, it's thought that we are on the ABC correction. ✅WHERE WE ARE 32933 can be considered as A(white). So we were waiting for the next bearish impulse last time. Then it's started since 48240 and BTC hit 25338, around Fib 61.8 today. It's too early to say that BTC would go break 69000 though, if my...
Well, as we expected, we saw the market fall again and our important price channel was lost. Significant bitcoin price levels are listed in the chart above. (To reduce the average entry price) Worst case scenario: Reaching 12K. In the current situation, only step-by-step entry is recommended. Hoping for a new Bitcoin peak.
Obviously these zones will change with more info, but as it stands, I want entries closer to the Bitcoin 200 W moving average and bottom of this extended channel. Now I'm not actually buying BTC, will be mostly entering new positions in ETH and SOL. Perhaps adding to my BTC position in my IRA. Saving idea for the future.
Bitcoin currently below last summers local support lows. $28k-$30k not even close to looking like support as BTC mark-down dips below $28k. Support between $19.1k & $13.8k in range, lowest support level >50% from current $27.6k price when looking at monthly chart. VWMA 7 currently crossing below 100 EMA on weekly, while MA6 crossing below MA18 on monthly chart.
BTC after forming a wedge, breaks below it. If it breaks above, the measured move would have been to 64k. What is scary is that if you calculate the move down from wedge BO, it falls along the 20k level! 20k is a strong support. There is a vacuum in between 28k & 20k so BTC may fall very very fast now that it already exceeded 28k…unless it reclaims 28k in this...
Chart speaks for itself, if you have questions please ask :) Happy Trading!
These are my primary levels for buying bitcoin, I plan to DCA my bitcoin buying with my entire portfolio,. Wish me luck Also i am spot buying. Perp bitcoin is not bitcoin Cheers, nav
Chart. One way to find bottoms is to simply look at volume spikes. #Bitcoin Don't overcomplicate things. Seems we're getting close now. At this rate, we bottom by summer.
The price action between 2014 and 2022 is different, there is no doubt about that. But look at the moving average (yellow line) of the RSI. It is very similar, almost identical. There were 6 key moves in the 2014 bull cycle which I highlighted on the chart. There seem to be 6 corresponding key moves for the current cycle as well. The 6th move, which marks a...
Im here to say this is the Third Capitulation event in roughly 4 years. Trying to catch the falling knife is very dangerous unless you are absolutely ready to lose it. LUNA and their Stable Coin was the final nail in the coffin to send the market over the edge. Just remember, although fear has taken over and doom has arrived, this too shall pass. This...
On April 10, WhaleFlow indicator gave a sell signal on BTC at $42500. This was the moment the Whales (Investors who move the crypto market) started selling and collecting profits. I would only enter if WhaleFlow gave a buy signal. No need to guess and gamble, just be patient and wait till the indicator gives you the green light.
Traditional markets taking a dive since the Fed spooked them with tapering. BTC decided to follow per usual. This idea here is based on my "Holy Grail" where each cycle touches a distinct point exactly in the middle (log based 0.5 fib) which, by definition, points to a 1.0 fib that's much higher (250k). When the market reversed in July, I thought "maybe it was...
Hi all! This is my first post here but this is a pattern I saw and was wondering if anyone else see’s this or what your thoughts on this are.
BTC weekly chat here, As long as we remain in this formation I can see a trend reversal from this level, a break below would leave me with nothing but bearish outlook short term. Perhaps if a break down below support trend line would see a test of 200 MA around $22,000 but more thinking we should see a volume pump hopefully from this level.
BTC/USDT short Entry Range: $29200 - 30900 Take Profit 1: $27900 Take Profit 2: $26500 Take Profit 3: $24600 Stop Loss: $32300 last chart
Place sell limits @ $31000 Target-$28500 There a high probability that BTC will still face immense pressure to the downside