There is strong fibo box at this point. It's a chance to long at $28805.
Keep it plain, simple and minimize the noise! We nailed our last few trades! :) Sorry for the phone upload, but here we see the bull flag we were watching has turned into a descending broadening wedge (bullish pattern). If we get our confirmations, my target is around 33-34k. Also not surprised if we just nuke straight through this, as the market is clearly...
I really would like this to happen, however, with market conditions and sentiment across the board it's quite difficult to forecast. However, with bitcoin dominance dropping I think we are in for an alt season show for Verge Currency.
BTC is currently the equivalent of hanging off the edge of a mountain. One wrong move and Drop. Anyone who has followed me for some time has seen this chart and most likely knows its significance . These levels are extremely important and have proven this over a long period of time. Here is the Marco perspective for reference: One thing I will touch on...
Despite the recent carnage we are seeing RECORD Longs from people attempting the catch the falling knife. BTC has dropped so much that surely it can't possibly continue, right? Well, the RSI on the Monthly tells a different story. Clearly, there is room to drop further before establishing a strong bottom. NEVER before in BTC's history has Price tested the...
MOABZ (the mother of all buy zones) so we are in it now, this chart as most of you know has been extremely accurate and profitable for a few years now. The MOABZ was drawn sometime around October of 2021 and it was used to see where we could and should spend our trading bags. Back in November, I knew to sell my positions and hold until we hit a new bottom, truth...
Bitcoin revisited the support level as expected here now we're watching closely if the bitcoin still requires to break below the trend line formed or to show up a strong reversal at this stage following the support highlighted.
fear at all time high price at range low 50ema sitting just below 7 year trend line that started in 2015 adding here with the way things are increases ball size x50
if you have an experience of following bermudas, at least for a month, you would be almost sure about having reactions on these levels in the future ... some times price passes bermudas without showing respect! certainly you would be surprised, why? dont be disappointed, it MUST show respect to the ignore levels. just trust on the rules ... take 0.23% risk and...
On BTC/USD H1 timeframe I can see some reverse behavior. It might be a chance for short term correction up.
Hello, everyone! Yesterday I told you that the bear market will end soon, but I decided to invest first 10% of capital in Bitcoin. You know me as a trader, but at the potential bottom of the bear market I want to fill my bag with Bitcoins and the trade altcoins to BTC. Why I decided to buy BTC now? I suppose that form current prices could be the trend reverse or...
Today I'm going to address my perspective on Bitcoin. I see this as a potentially life-changing opportunity for a lot of people, but I also understand that many people will simply overlook this opportunity. I'll talk about the overall macro structure of what I'm seeing for Bitcoin's cycle, the force behind this bearish price action, and the most logical and...
Currently, we are all aware that we have broken the 50-week simple moving average. The result of such a situation, of course, results in a contact with the lower moving average, so I am talking about the 200-week simple moving average as the target. But this goal does not have to come immediately. As you know, we are experiencing negative situations in BTC...
I think it goes down to the range between 28400 and 28600. It remains to be seen whether it will be supported or not. If supported, First it could rise to 34000 to 34300. if not, it goes down to the range range of 26250 to 26500. How do you think ??? Tell me.
With BTC Expecting a retest of the previous bottom $28k region, I don't think this reversal is the bottom, short squeeze, fakeout call it what you want but personally I dont think we have seen the bottom.
Here's our last analysis on BTC from 19th of April We saw a drop to 30K which is a temporary support, but we believe the drop will continue. The first target that we want to see is 26K. These are suitable levels for a deeper pullback but it's still early to look for trend reversal.
Triangle consolidations are made of a serie of 5 consecutive abc 3 waves Aside from the possibility of a Running Ascending Triangle presented here Expanding Symmetrical Triangle might be playing out, with a Target capitulation e wave : 27k (also invalidation level)
Triangle consolidations are made of a serie of 5 consecutive abc 3 waves Already 3 clear abc so far 2 reamaining ? Easy unconfirmation level => 28k Other possibility : Expanding Symmetrical Triangle presented here