bitcoin BTC_USDT 1HBitcoin broke the resistance of 12450 after breaking its rectangular pattern on August 8, and then was able to grow at a speed of 16490 by breaking the resistance. Bitcoin is currently between resistance and support. But considering the status of rsi and macd, it can be concluded that we have a short-term bitcoin correction.
Thanks Amin ghalichi
Cripto
BTC: AggiornamentoA lato sinistro vediamo il time frame 4 ore. La bear flag è stata confermata ma senza continuazione bearish questo ha dato un po' di speranza ai bulls che tentano il contrattacco. Devono ora raggiungere la ema 12 (blu) sul 4 ore e lo 0.50 fib per lo meno per negare questa bear flag al completo.
A destra vediamo una rising wedge sui 5 min che potrebbe riportare giù il prezzo nel medio termine. Vediamo come si comporteranno verso sera e la notte.
Da tenere d'occhio anche spy
THETAUSDTObservamos que THETA quebró a la baja un triangulo de continuación de tendencia alcista. El precio fue soportado por la media de 200 en timeframe de 4hs donde curiosamente tambien se encuentra el 50% del retroceso de fibonacci de todo el movimiento alcista.
Que esperar? por el momento me resulta interesante hacer una entrada en esta zona y volver a comprar en la zona del 61.8 de fibonnaci en caso de que se mantenga a la baja, de esta forma tendríamos 2 entradas. Guardo la 3 entrada para estudiar en estos días la acción que toma el precio. poner objetivos en este momento resulta un poco complicado. Romper la zona de los 0.589 seria crucial para no tener un triple techo, podria ser esta nuestra primer zona objetivo.
BITCOIN ANALYSISI would like to comment from my point of view, why bitcoin is bullish, and what is really in a bullish trend, even if the chart indicates a range.
As can be seen in A, bitcoin had started to give bullish signals, as it turned old resistances into supports, and formed a triple bottom in that support.
From there, a trend change began, a bullish one, indicated in the image by the green line.
However, the covid thing happened unexpectedly and the price fell due to two factors:
1. People sold bitcoin because of the panic that entered the market
2. There were people who sold bitcoin because they needed cash to get the virus
The immense fall of bitcoin the only thing that caused was that large investors bought bitcoin very cheaply, as observed in the circle.
And from there, it has returned to its trend, which is bullish.
What I mean is, that this fall-recovery does not change the value of bitcoin. It has been an isolated event, but it does not change the fact of what makes bitcoin unique: the independence of banks.
Therefore after this episode of covid in the price, bitcoin has returned to the trend it was in before the event, since the uncertainty is disappearing, and with it returning to its real value, which is a higher price.
Don't panicThe truth is that I expected a drop, since the break of the 10,000 had placed the bull market sentiment, and when they have managed to implant that sentiment, then they turn the market around that makes people panic and leave it, or make wrong decisions.
Bitcoin is bullish, do not lose sight of the global situation and the opportunity that bitcoin brings to the fore as a safe haven.
These movements are caused to remove people from the market, acting as stop loss hunters or inciting panic.
You will start to see catastrophic news. Ignore them, bitcoin is bullish.
ENJBTC retests previous resistanceENJBTC retests previous resistance, and now the price looks strong. According to Plancton's strategy we can set a nice long.
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Down ETHUSDETHUSD also shows the movement on the principle of "channel". Almost a month ago, the price also made a slight movement from the lower line of the channel to the upper and now has again reached a strong resistance line. As with BTSUSD, I also expect ETHUSD to fall to a strong support line at ≈115
BTCUSD. The price of bitcoin is growing, but will not reach the Hi guys!
Bitcoin is growing again.
We see how the price has reached a key level,
tends to the resistance zone, but will not reach it,
the target is located a little lower, at around 10024.4.
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BITCOIN Price Falls Back Down!Hello dear subscribers!
The price of Bitcoin has sharply increased since the beginning of last month
and reached a key level, which unfortunately did not break through.
Now the price should go back down to the support level, after which it most likely will reach its target!
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