BTC Bullish scenario, but not yet. I got what appears to be a flag forming. That a good continuation structure. Looking for 8k.
BTCUSDC trade ideas
Is Bitcoin going to make another leg down before relief rally?I have tried going bullish a few times down this Bloody mess. I really thought we would test 8400, but it's not looking promising for bulls. Watch Daily RSI even with this little push it's still flat. Looking for 7400 zone, before an attempt back to 9050.
Bitcoin Bottom Is In!Bitcoin (BTC/USDC) is looking amazing on the daily chart. Not planning on getting shaken out by this one!
Reason why I believe this local bottom is in:
Major hidden bullish divergence on the daily MFI
Regular bullish diversion on 12H MFI
Declining sell volume while price drops
Low volume on that drop yesterday (that was the capitulation candle imo)
Inverse head and shoulders (reversal pattern)
Hidden bullish divergence on the weekly BTC Dominance chart
Approaching bullish cross between MA50 and MA100 on weekly BTC Dominance chart (expecting a surge in bitcoin dominance leading up to this cross)
Over $1000 CME Gap to be filled
Bitcoin Halving fast approaching!
BTC Dominance:
Bitcoin CME Futures (Almost time to fill that gap!)
When in doubt zoom breakout !!While still highly volatile and very much unpredictably carried by OTC trading and other factors that can not be determined due to unforeseen market consequences or variables we cannot access I. E. Coronavirus — instead using strictly fundamentals in this deduction...
BUT For the first time since it’s inception we are starting to see some Healthy price action based on fundamentals and nothing too unpredictable with recent pullback to lower low , provides some perspective that for once BTC is not over or under valued & so those shorters wasted no time to wait is impatient shooters immediately made their entries
Assuming nothing else in terms of an anomaly/unpredictable variable comes in to play we should see 9800 support and stop loss is set at the red horizontal which is always the limit you should be setting as.
If you haven’t made your entry by now , I honestly recommend waiting/sitting this run out or risk #FOMO,
Make sure to do your taxes— Uncle Sam will play nice or play hide and seek and risk ramifications as opposed to coming forward and you’ll get clemency.
TGIF everyone peace and love and stay safe/sanitary!!
Please do check out my LinkedIn for some recent article :
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-@a1mTarabichi
Right now I’ve got my eyes on gold silver and bitcoin as they are outpacing equity markets by a long shot and I have taken long positions on pretty much both tangible and intangible precious metals/commodities and I’m now a HODLer (Something I’m looking to change as I miss forex trading ;( but I’ll still keep a weekly publication for you guys as I know there are hands are full of you that enjoy my little tangents. :’)
Next major resistance at 9800 but remember to reiterate stop losses— ALWAYS!
Disclaimer
Note : T his is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP, SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
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Enjoy your weekend. <3 TGIF all!
-m.T
Bitcoin maybe setting up for some big moves?Check out the IH&S on the monthly....could hit the target around $11k
BTC USDLONG POSITION @ 9132 WITH TARGET PRICE @9331
NEED VIP SIGNALS DEEL FREE TO JOIN ME VIA TELEGRAM LINK IN MY STATUS
BTC/USD Bounce to around 9.200-9.600 oversold territory 1DGuys it’s my first technical analysis, please let Me know what you thinking about that. I would appreciate your comments.
Thank you and wish you all best luck!
BTC are we truly bullish or was this a failed wedge breakout?I decided to spend some time on the inverted chart. Clearly looks like our 4th wave collapsed out of the wedge. if we continue going lower I anticipate $5700, before turn around.
BTC triangle trade the breakoutwatch for any breaks of s/r levels in the above chart and trade off of those.
Decision pointDecision point - BTC's Pac-man ready to eat-up all your shorts with a vertical move. (90 degrees or breakdown for re-coil)
A case for bitcoin bearsSee how break of the trendline last july gave us the signal that the end of the bull run was near. Could we possibly see something similar again?
It is better to be cautious of this run till price closes above 11k on monthly, a better indicator would be price closing above 11.5k on weekly.
Till that time its better to be not too bullish
btc crypto ethAccording to this count, wave B is over and wave C can lift the price to $15 000 from now on.
the last target of BitcoinIn point of my view bitcoin has started a new targe in 2021. First of all, bitcoin will build another triangle like the past then reaching to targe two as shown in the chart.
