Still holding here for now. Let's see if we can now push higher and start making some moves.
Lets see how it plays out. Somehow, it feels we might get lower low. But till that happens i stay optimistic
Using a fib fan connecting the 2 major timepoints of a breakout above $800 that held in Early January 2021 and the >$4,800 high price we saw in November of 2021 we can see strength being found at the 0.50 retracement level. We can see the .25 and .382 levels acted as support before giving out causing a step down the ladder. If we find support at the 0.50 level...
Real life obligations have kept me from posting for quite some time. Here's a quick update on BTC. BTC mostly sideways, but broke below a key level last week. I think its very likely we head down further in the coming weeks and head back to 32k. Looking for RSI to get below 40 to look for buying opportunities. Would want to get firmly above 46k first before I'd...
If bitcoin break down its uptrend it will be down at 33100 usd then it will end its correction wave and will continue its own uptrend and will break up last high
I've been observing some correlation between Bitcoin and Nasdaq. It seems that every time Nasdaq starts to sell off a bit, Bitcoin does as well. Could Nasdaq serve as a possible indicator for Bitcoin? Something to continue to monitor.
ROSE has been one of the winners of the last week, seeing almost 75% gains in just a couple of gains. However, bears are looming for a reversal. Over the course of almost a year, ROSE has been trading inside a well-defined ascending wedge. Every time the price has hit this pattern's top resistance, a strong bear move followed. Bears are waiting for a rejection...
Hello, this is another view on the Bitcoin price action. Today I have already made the classical TA, see the previous post. There I defined that $41500 – $42000 is the golden Fib pocket which is the must be hold for the uptrend continuation. Now I found that the strong Demand Zone was formed also here. The Falling Wedge pattern is forming now with the Bullish...
Look at this scenario! There is a good chance that we will see the market top in March. Whales want to liquidate everyone and get your coins! Be careful and avoid perps. Invalidation: None of the BTC spot ETFs get approved. Top of the market will move to the 2nd half of the year. This is highly unlikely.
💎 BTCUSDT has broken below a major support and has got below the descending channel. It is expected that the price continues to go lower on H1 to the next support zone. 🎳 Entry now or from Entry zone 42260.99 - 41861.86 ☕️ TP 41250.00 🍺 TP 39850.00 🚫 SL 43439.63 - 43044.99 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please...
Since the drop earlier in November, KCS has been following Bitcoin and has been trading bearish. During this period, the price has formed a descending triangle on the chart. Descending triangles are classically bearish trading patterns, so a bearish break out of this pattern is more likely than a bullish one. For the coming weeks, I'm expecting the price to...
Hello, everyone! As you know I have the long position, opened at $40300, It performed very well, but bears now trying to push the price below my entry point. I wanted to see the impulsive move to $50000 but this move can occur later. Yesterday the price broke the Trendline Resistance, it was great and now it is close to retest it. If this retest is going to be...
I personally give it 15 hours or less, but time is not a part of this analysis. Next stop up is the 45300-47700 range. Final pivot support before sideways/down likely is at 42100. Price falling below 41650 means we'll likely go below 39500 first.
Bicoin mid term view .. I think bitcoin bottom is near around 39K We are heading to 55 - 56K
Good opportunity to purchase BTC at a discount. - Fed continuing to inject money into the markets, have not started to tighten yet - Bonds selling off/US10YR yield rallying which indicates risk on enviroment - Sell off started with the report of a new variant of concern , then continued when the feds talked about battling inflation, suggesting rate hikes...
Here we have the smiley face chart pattern. If we get a break and re-test fail of this range high I am looking for a buy opportunity #bitcoin. If the market doesn't follow through then this #btc trade idea is not valid. Not financial advice.
Taking a look at #btc #bitcoin at the moment. It's traded back down into a major support zone, will this break further south or do we get a break north? At the moment price is consolidating, it's ranging and there's no real trade setup as yet. In the video we consider some possibilities and also look at how we can potentially navigate the volatility and take...
btc is likely going to retest a 55 moving average to continue to fall. I'll be entering a position position once reaches somewhere like 47,000/47 500 zone.