BTCEUR
ridethepig | BTC Breaking to Fresh Highs📌 ridethepig | BTC Breaking to Fresh Highs
Buyers taking the highs after the news, I have my eyes and now it is time to aim for the home run and initial ideal target at $47,500 - see the yearly close chart below. I managed to carry out some nice bids on the pullback although we failed to clear the $27,000 which was the well-known (C) target in our wave 4 pullback .
Excellent moves, I hope this has been a healthy exercise for all to follow. The key now is to ride the momentum, here happy to hold longs while looking to add on a test of $41,000 as the most important pivot below should we see it... Unreal to think that $220,000 is in play for Q4 this year .
Thanks as usual for keeping the feedback coming 👍 or 👎
BTC/USDT now $44000 and 30% profit without leverage#BTCUSDT profit update:-
#BTC currently trading around $44000 and went upto $44800
Hope you are very happy with my analysis.
I told you about $50000 Target.
Now 30% up from our entry.
Please click LIKe button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
BITCOIN HEADING DOWN AFTER MASSIVE RUN!!!Bitcoin has had an amazing run in the last few months, all runs require periods of consolidation to allow more money to enter the market. I am expecting BTC price to drop to the $33-$32k range before breaking past $42k - could this be good for altcoins???
Let me know what you all think
Bearish signals - expecting drip to $33,000-32,000 range
- Failed to break $42,000 resistance
- Macd cross over to the downside
- Stoch RSI down
- Potential MA cross down
BTC Time Analysis looking at two phases " bull and bear"
Bear is when downward movement is favored
while bull is where upward movement is favored
I have tried to plot some key time events and frames
COVID seemingly led BTC out of its bear run and straight into bull mode choreographed by an underlying parabolic trend
Bitcoin is showing signs of longevity in a constantly adapting market which is good
I still believe Ether owns BTC in technicals and in fundamentals, my advice is go for ETH.
I have a secret spot in my heart for ETH, call me foolish, you're probably right. But my bet is Vitalik aint no fool.
BTC testing Nov and Dec trend linesAlthough BTC is still inside the descending channel/bullish flag on the daily chart, it is now testing the November and December support trend lines. There is some divergence in smaller timeframes, though, so we may see some upside soon. It will be interesting to see what the next couple of days have for us.
ridethepig | Bitcoin for FED📌 ridethepig | Bitcoin for FED
A superb live example of sellers attacking far out on the flank! These are unusual markets to say the least, rarely has the fundamental/macro picture fitted the bill. Now the correct way to proceed is to hammer at the minor support once breached and aiming for a sweep of Jan 4th lows which are now hanging.
It is now obvious that our pivot point and trail stops held in the minor ABC inside the (iv) flow after an excellent defence. With the hurdle cleared, any weakness at the lows here should be sold into as a breakdown is quite tenable. Invalidation comes into play now above our latest 'C' at $34,888.
I hope tracking this low live has been of some use... thanks as usual for keeping the feedback coming 👍 or 👎
BTC - bull flag on the daily chartIt looks like BTC is forming a bull flag on the daily chart, since hitting ATH on Jan 8th. There's a trend line acting as support since December 21st, and we're getting close to the confluence point between that trend line and the bull flag's support. I'll keep watching for now, and plan to add more if we get a breakout above the bull flag's resistance.
BTCUSD - Left ConfusedI am left rather confused about this pair in regards to direction. I would like to think the massive sell-off stopped out the majority of support buying but there is always a possibility that price may come down again to tackle the previous low marked.
I am more bearish bias than long but I have marked out both targets for those who are interested.