As with any use of historical data, this is not indicative of the future. While something has occurred in the past, it is not guaranteed to repeat in the future. That being said, more often than not it does rhyme. These charts are the visual representation of human psychology. Usually, I would look at these comparisons and doubt the significance it would have in...
Hello, everyone! I executed long trade at $42320 with the stop loss $40565. To be honest I don’t like this trade because it is not my trading strategy. It is the very local trade. Why we can buy Bitcoin now? If this is uptrend with the potential growth to the $47k-$49k this local correction have to be ended at 0.38 or 0.5 Fib level. Moreover here is the local 1h...
According to the lines drawn in the correction probability analysis, we will have the range of $ 2.95 and $ 2.65, and in the next stage, we expect support in the important support area. Its not Buy or Sell SIGNAL DYOR BY : Mohamad Teriz - @AtonicShark
You see the daily chart of bitcoins forming a double button pattern and positive divergence If the high resistance of 45809 stabilizes, I expect growth to 58700
For those who have been in our groups or followed for the past few years we continue our original BTC chart for many indicators that remain valid with history always repeating itself.
Or is BTC still bullish, have we broken out of the falling wedge on daily, retested resistance trend line and bounced and looking to knock off the horizontal resistance we have been talking about?
Is BTC is a bearish rising wedge on the back of a wider head and shoulders bearish pattern. There is some TA indicators to suggest a revisit to $28,000. This is just an option to consider the TA here.
BTC daily chart forming a "Cup & Handle" pattern. Expect testing of $42k support w/ breakout price target approximately $52.5k. This breakout would mirror the most recent single day leg up on February 28th. Invalidation is candle closing around $40.5k.
Bitcoin is found in a GREY zone right now between the 50-day Moving Average (50 MA, in yellow) and the 100 MA (in green). If you look back to 2018, you will see that after the 50 MA acted as resistance, the price tanked much, much lower. Could this happen again? Right now, in 2022, we can see the same 50 MA acting as resistance. Granted price did not really...
Scenario 1 - Retest 45k - 46.2k MSB reclaim it as support then go on to test 48k along with acceleration towards 52k Scenario 2 - Slow Grind Towards 41.6k - 39.6k zone fill the inefficiency the bounce again towards 45k - 46.2k then go on to test the higher levels mentioned in scenario 1 Scenario 3 - fails to hold 39.6k as support, dumps again to the boring zone...
Every once in a while i like to take a step back and do a macro approach to the chart. to see what new patterns may have arisen. I am often surprised to see the major events we thought had caused large ripples in the crypto world were still with the boundaries of normal operation. A slow growth lie this for the next 20 years would be phenomenal. i would hate to...
Here is a thourough analysis of the current situation on BINANCE:BTCUSDT : After breaking above the 39250-39500 area ,the bulls are aiming right now to reach the 45900-46900 area . But despite this recent spike , the longer term consensus is still bearish on bitcoin as long as we are below the 53750 level . IN OTHER WORDS : Bitcoin is bearish long term as long...
On 24th February 2022, when Russia invaded Ukraine, BTC stopped its decline at 34 324.05 USD. Prior to that we noted the tightening cycle in the U.S. combined with prospect of higher interest rates continued to pose a substantial threat to the price of cryptocurrencies. However, these odds of higher interest rates have fallen dramatically over the past few days....
Keep an eye on inclined triangle of BTC daily basis chart Let's see where BTC will go
Let's see how BTC is behaving. This is a 1H chart. (Valid for 24 hours) The Fib retracement shows that the price has moved up, and now it's rejected by resistance. Two support levels are holding the price up. It's not confirmed yet, but we might be forming a bullish flag here. Support levels: $43000 - $43900 Resistance Area: $44757 Bollinger Bands can work as...
Current trend compared to last bull cycle using time based fibs and trend based fib extensions
BTC previous bull cycle comparison using time based fibs and trend based fib extensions
BTC trending levels to watch on MARCH for possible breakout!