BTC just fell into pivot support. Serves a decent chance of getting us above 44k, Otherwise price will eventually fall down to reliable support at 29000 and below.
Investors are anticipating a 2023 unstoppable hyperinflation, I've been comparing Apple, Amazon and a few other stocks and though there are many similar almost identical fractals, Bitcoin is bitcoin and the world IS facing a possible hyperinflationary event in 2023. The big question is, will 1970s strategies work this time to stop inflation? or will it accelerate?...
Is this the buttom based on my previous analysis? Prices sank to ~39k area. This could possibly reverse here
I am cost averaging into a position, paying into an account on a monthly basis and hoping to build a small account into a large account. Obviously for me and any other newcomers the cheaper the BTCUSD contract goes the better. The runup to 68K was impressive but the scarcity and difficulty in mining the BTC now is going to help push this first-mover crypto higher...
SOLUSDT in the daily timeframe, after the break of the trend line, the first support reacted in the range of $ 150, but due to the trading range, it is possible that the next support will decrease in the price of $ 120. This is a personal analysis and not a financial recommendation.
Looking like a reversal here. Price should move quickly through the thin zone.
Hi, BTC vs DXY www.loom.com DXY just played a descending triangle which would be a good thing if it bounces off resistance and continues down trend: (See Image) tradingstrategyguides.com
To my Last post BTC was sitting at the last line of defence, well its not looking great for BTC or the overall markets. Would like to see a bounce here or 30k lets hope we don't see 20k again.
MINOR ZONES BUY zone1 = $46380-$47068 SELL zone1 = $50051- $50324 SELL zone2 = $50685-$51294 MAJOR ZONES BUY zone1 = $43937-$44377 BUY zone2 = $40057-$41096 SELL zone1 = $51750-$52107 SELL zone2 = $53642-$54387
these are yearly camarilla pivot levels. I consider the L3 area a grear place to buy. I do not consider us in an actual macro bear market unless the L4 is broken. and I would be aiming for at the very least H3 within the year.
The bearishness of BTC is crystal clear in the chart! However, the strong support of 40K is still valid. If BTC loose the support, I will short from reversal to around the 31K. If it breaks it up I will long to 58K! note that in case of long we might see so many early sellers but I will not take care about them and I’ll stick to my strategy. In this case EMAs...
I posted this chart previously but just updating this since we had a drop in Bitcoin in the past hour. It only fell back into the current Support Zone around 40,000. Until it breaks below this area, I'm not too concerned. If it does, then we will cross that bridge and discuss possible changes in crypto market conditions. As long as it continues to hold at this KEY...
On daily chart of bitcoin if we can break 44.500 our target will be 47.400 for double bottom, we can't say this formation happened till we break 44.500
All Parameter´s for BTC are bearish, i think we see the 10k $ again in the next month / years.
follow up to my last TA have a look below. Its the end of the line ,either bitcoin forms a double bottom or W pattern formation or its over short term. Bitcoin can't seem to break 4/1 Gann , never seen such strong resistance coming out of a Gann its like slamming into a brick wall. If we do break this support I do not see how a May cycle top will come in...
As you can see on the chart, Bitcoin is moving in a very similar way as it did in March-April 2021 period. It seems we are at the point marked ot the graph with a red arrow. So, if history repeats itself, we have less than two weeks before a major BTC crash. With negative FA news about Omicron, this can happen much before. Let's see what the future...
If Bitcoin goes down to $41,800 and confidently pushes back up, then we can say that the falling wedge has been successfully broken. In this case the targets will be at the top of the wedge - about $69,000.