Bitcoin OverviewHello, if we remember, Bitcoin started strong attacks by reacting strongly to a 30-week downtrend and we have to look 25 weeks to understand Blockhain Data Relative Change on falling point :
Currently, the Buy Signal continues on the weekly chart.
But we are a few millimeters away from the resistance (9335.7) :
If we look at the Terminal status in this 25 Weeks period:
Blockchain data change seem strong.
There is only a decrease in the Transaction Volume.
However, it should not be ignored that this data is that is subject to great changes even during the day.
Apart from this, it seems that some altcoins are trading with very discount.
In the continuation of the positive scenario, those who are over-discounted have the chance to rise more than bitcoin.
(If they have no subjective problems)
It should not be forgotten that they will take a share in the continuation of the positive scenario.
So let's give importance to Minor Resistances in the Bitcoin subj.
Conclusion
It is very important that the weekly closing is above the resistance and the Buy signal does not change for Long.
The bulls are strong now.
Therefore, it can only be considered at a close under support.
By the way,
Our Altcoin trades continue.
I'm attaching them on Related Ideas , if you want to look at them too . (Litecoin ended and waiting for Ripple Weekly Close too.)
Regards and have a nice day!
CUP
Massive C&H pattern in weekly chart?Hi traders and crypto friends, it´s BohemianCrypto,
I´ve found out very interesting C&H pattern in weekly chart. Before halving I expect uptrend move in ichimoku cloud between lines, but atleast to 10k. Then I expect fall to present price till autumn.. What´s next we will see..
Let me know what do you think about my idea, I´m new in cryptos.
IOSTBTC 4HIOST may Breakout test and can force resistance with the Bearish Bat Pattern - H&S, i think it's bullish soon... Break a leg&Good luck!
Frontier goes to the top againAt the moment, I think that there is a high probability of reaching the $ 1 mark again, but further growth of the stock can also be expected
Iran issue really game changer... possible to see 1700 need to see how deep the correction of wave 2 (or the handle of cup pattern) from 0.382 to 0.786
usually, we won't see 0.618 (because this is big pattern and we are inside super bullish trend)
or 0.786 (dunno why i see this fib from lot of wave 1...)
big bet from bulls would be bounce from 0.382 and 0.5
more people would switch from 1600 to 1700 soon, if gold bounce from 0.382 and 0.5 fib retracement
GOLD (Y19.P2.E5).Macro.BullishPlayingOutMany countries have been accumulating gold, China, Russia, Germany, Turkey, etc
Observations:
On the weekly >
One can see from the chart a bullish formation has taking place in the form of a cup or cup and handle or Inv. H&S.
On the daily >
Downward wedge with a breakout in progress.
Note:
There has been many discussions how people have linked the price moment of Gold equating to the same for BTC.
It stands to reason that the similarities are due to both being anti fiat and storage of wealth.
First post - Cup&Handle pattern? Hi traders and crypto friends, it´s BohemianCrypto,
after months watching and learning i decided to publish my fist idea. It´s not trading advice, I´m still waiting for market to decide, but I see obvious Cup and Handle pattern which i have not seen published by anyone else here...
So my question is what do you thing? Do you see the same in short or am I basically outside the bowl?
Marry Christmas and may the force be with us next year.
Cheers
Lend is forming a Cup&handle pattern!Clearly made it and heading to achieve high targets
• neck line price is a short term target
• second line price is the mid-term target
• highest price line is a long term target
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LUNBTC 4HLUNYR; retest breakout and forcing to the resistance, there is C&H on the horizontal plane. It can try 1600sats and above, Break a leg!
EURCAD - Great bullish setup!Great coiling action here on EURCAD. Price has been coiling upwards for months. When it finally pops, there will be a massive train to the upside. If you ever wanted to go to the moon, now's your chance.
** Remember, we do not predict future price. We react to current price movements based on our interpretation of past data.
MITHBTC 4HMithril; gartley pattern's d leg, big H&S and breakout.. the possibility of seems like bullish trend, break a leg!