If you are looking for an opportunity to long bitcoin then you might be right to hold off on the short term. We have had two minidumps that have confirmed my theory of us revisiting this lower (red) trendline. If you were to enter long now then don't enter with high leverage, use lower leverage say 5x-7x then increase to a maximum of 10x if we touch the trendline....
We have filled the CME gap around the $8500 area, as you can see the lower trendline in red supports this theory. The pullback must be over, you can enter now with a tight stop loss somewhere below the lower trendline. I will be staying in this long position for a large amount of time. The volume oscillator shows me that sell (short) volume has decreased, I will...
The golden cross has occurred, we remain in the bullish channel after breaking through an attempt to break below support, it seems the previous lower resistance is now acting as the support. I'll definitely be going long here, the trend is our friend.
We can see that following the recent pullback, we are back in the rising channel. The correction followed by the dumps was a necessary process to liquidated traders on high leverage. Whales mass dumping (short) on high leverage. We should be closely watching this chart to see how it moves, now is a good time to enter long and set your stop loss fairly tight. The...
Set your stop-loss where you're most comfortable, there's still time to enter into this bull run! Just follow the cycle!
This makes all the movements clear, with this healthy pullback coming to an end shortly we will see a big rise in the price of BTC.
This is the 30m version of the chart I posted earlier; the trend is your friend!
The weekly MACD is still bullish, the daily RSI is resetting. we may drop a slight bit more but this is a great opportunity to go long. the golden cross on the daily chart is happening very soon too!
The 4H chart shows a lot today, I'm expecting us to test the 10500-10700 area by the daily close. We will see, if not then sideways before going up.
The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as...
So in my analysis I am predicting a cup and handle formation on the 4H, once we see the price break past the resistance line you will start seeing a nice breakout. If we go below the red lines we might be heading back towards 9800-9900 range which would suck, 10k is looking super strong right now though so prepare for what comes next. Look for price action to...
Mystery pattern, could this be a clue for the bull run? Some say that Tight Consolidations like this are clueing a potential major breakout. I will be entering long here!!
The MACD is ticking upward on the Weekly chart, we thought BTC would be oversold today which it seemed; As soon as the Altcoins increase in price it seems Bitcoin follows. This year is the ' BTC Halving', do yourselves a favour and invest.
I previously predicted that we'd see a drop in price followed by a pump. I expect we will be reaching levels of $10k+ by May, CoinMarketCap volume suggests this too. I have now switched over to the Monthly chart as I believe if we see the current candle close in the green, there will be a big pump. BTC IS FAR FROM DEAD! If you opened a long position trade at a...
I previously predicted there would be a bull trap, you can see on the 4H chart that although the past few days have been rough for BTC; there's still hope of a bullish breakout soon. Check altcoins for more evidence.
So people were expecting a Bullish breakout today, even though this hasn't happened we're still slowly creepy away from the Bull trap around $8500. If you've been waiting for an opportunity then you may be waiting a few more days. Be patient! I'm hoping for a breakout from $8700 on the weekly chart, I will be looking for volume to extend my confidence. Good luck.
Be careful, be smart and weigh up the risk to reward.