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Btctradingidea

BTCUSDT URGENT LOOK 4H. IS THE TOP IN?Let's get some major point clea r: 1. AMEX:BTC is still overbought. Bulls or "moonboiz" must not leave in denial anymore. 2. PA shows a decrease of -1.7% in the last 24-hours 3. The 100k psychological level has been difficult to maintain for Bitcoin. The channel shows a weakening run, which is expected at this point. The complete correction is yet to happen, only flashes of volatility. If BTC breaks out and down off the lower channel, that will signal the start of the needed correction. 200 EMA will be in play (92k - 90k) On the bright side, 4h TF is looking too juicy already and same for many Altcoins , I expect AMEX:BTC to pump anytime soon , while the alts will follow. For this bitcoin must catch the 98k price level and hold it . AMEX:BTC must overcome the resistance price level and reclaim 98k - 99k . Mondays are usual bloodbath due to Market fresh actions. Small traders are driving the volatility at the moment, while large investors are holding strong. Monthly looks good for bitcoin as well, which makes me not cancelling 120k - 140k bitcoin price in this run. I'll be neutral for now, update to follow soon. Like and follow. Comment if you disagree.
by CryptonKidd
Degrees of BTC Know Your EnvironmentWhile crypto is an emerging technology sector as a whole, it is important to remember that BTC is a maturing 13-year-old asset. Using a logarithmic chart of Bitcoin going back to the beginning, it is not hard to see the perfect curvature of price action as it searches for its fair market value. Simple line tool measurements of the time vs. price increase of each bitcoin bull run show a stunning relationship of exactly 15 degrees of momentum loss from each exact bottom to the next exact high. This is a monthly Bitcoin all-time history bar chart. Using the line tool and magnet, simply draw a line from each low to the next high. Use the line tool options to display the stats on-screen with the angle. If you zoom in or out, the angles will change degrees but will always remain near exactly 15 degrees apart. We have adjusted this chart for the first bull run angle to 75% to make it easy to see the successive 15-degree change each run. Thankfully in this sequence there is one more 15 degree increment left meaning another run is most likely under way already. Looking at the logrithmic progression of the lows marked on the chart by the perfect red curve it would not be out of line to come down and tap it but breaking below it will happen some day and probably spell very bad news.
CRYPTO:BTCUSD
by Degen-Dynasty
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