Are we trading within the inside of the ascending triangle and breakout tomorrow? Now is a good HODL entry for BTC. If you are DCAing
it vary clear that we are in bear 🐻sell it , all market give signal for another dumb but it going to big this time . stay safe
I think this is soon to be sure downtrend is over. We are in the b wave of Elliot waves, and we have strong resistances to pass so we shall wait and see. I am not disappointed, and I think maybe it is a good movement of the market but i am not certain.
Bitcoin has responded well to the 33k level and seems to be bouncing back up while breaking out from a downward channel. I am an accumulator only in BTC and plan to buy here and wait to how the 618 retrace reacts at 51k.. Not financial advice Happy trading.
little look for our uk homies at the bitty. looking good. price target marked new ath of course
Ethereum like Bitcoin will spend the next 8-12 hours retracing. I do believe it will set a new higher low and continue back up towards $3200 which is an important resistance zone. Check link below for my Bitcoin retracement idea. I will be buying these dips. This is not advice. Trade at your own risk.
Will Bitcoin continue this climb ...! In my opinion not ...! I will not explain much. This happy climb is a Short Squeeze in my opinion. In addition, three historical and technical resistances stand in its way. Again, I do not think that Bitcoin will show a bullish rally until it touches around $ 31,000 to $ 32,000.
Hello from quarantine! Let's have a look at where we might expect Cardano (ADA) to move this weekend. With DXY pulling back wonderfully well during the week, we’ve seen Crypto and other more speculative asset prices hike back up into a well deserved rally. We ended the week in an indecisive spot on the charts, with weaker overhead short-term resistance at 95.6...
Bitcoin break of the downtrend line resistance, however now in strong resistance zone between $40,500 and $42,500. If breakdown of the symmetrical triangle pattern happens possible retest of 37k in the short term IMO.
The latest days the Bitcoin price has really shown strength. I know that a lot of traders have taken good profits from these movements. Also another group off people will probably show FOMO-action and will jump right in because the price is moving and they don't want to miss possible gains. Thats what FOMO is. However, watch out by stepping in now and take a...
Looking at BTC to short from this level, cleared trendline Liq tapping into the POI for a nice possible short to $30,000 area before taking off.
Bitcoin could be a head and shoulders , let's keep watching the charts. I think the whole market now needs one last pull up and then a drop back to the last low. If the last low is not supported, then we may see even lower prices.
BTCUSD D1 Very important weekly close this week. Lets see if we break surplus of $42k and set a higher high, following a higher high, a higher low would need to follow. If this white line price at $42k holds (lower high), then we are technically still valid for the downtrend. Make or break time for BTC.
I think we will see another downward move and after that, we will break this daily downtrend, after that, we can move toward making new ATHs but 100K BTC is far away from us I think and around 72K will be the next ATH and I must add if we go bellow 29K BTC and make new lower low this analysis is failed and bear market happens.
Hello everyone! As we can see price was squeezing in ascending triangle,finally yesterday price managed upside breakout at the same time broken our resistance (red downward sloping trendline) Retail traders get excited after seeing this breakout and ofc youtubers (moonboyz) add fuel to the fire)) tbh I wont surprise if price reverses after trapping these traders!...
#BTC is yet to claim the weekly 50 EMA support, until that happens I am not turning bullish 41700 is currently acting as resistance, BUT 44500 will act as a strong resistance, because we have both the resistance of weekly 50EMA and a trendline resistance there 38200 is the current support for BTC
Bitcoin Technical Analysis Update: After BTC retested the local support area (near 36200) and entered the demand zone , the buying pressure started to push the price upward toward the local resistance line (37500) which bulls could eventually break it where the bullish rally started until it reached the major resistance area (40500 - 42000)
Bitcoin Technical Analysis Update: After BTC retested the local support area (near 36200) and entered the demand zone, the buying pressure started to push the price upward toward the local resistance line (37500) which bulls could eventually break it where the bullish rally started until it reached the major resistance area (40500 - 42000)