Presently, three significant indicators collectively suggest a potential trajectory for Bitcoin's value. These indicators not only provide insight into immediate trends but also offer a glimpse into the possible future of Bitcoin's pricing dynamics. Elliott Wave Principle: This technical analysis tool indicates that Bitcoin is potentially at a pivotal phase in...
We're looking at two charts: one displaying monthly candles and the other showing weekly candles. The current state of Bitcoin is situated within a contractionary macroenvironment, a term that refers to a period of reduced economic activity. The graph shows the four-year cycles that Bitcoin has historically followed. These cycles are a key aspect of Bitcoin's...
Bitcoin has reached the resistance line of the falling wedge. As with every other bear market in BTC, the price level tends to go down ~83%, so we might still retest 12k $ levels before breaking off the falling wedge onto bullish continuation.
We're Reached a big downtrend resistance line that helps to form a bullish falling wedge. We've only tested it twice so we might be testing it one last time. I think bitcoin will go down to test the previous strong resistance at around 12k$ before breaking off the falling wedge and continuing uptrend. Short term bearish, long term bullish.
Bearish butterfly XABCD pattern indicates that price might come to drop after this week-long relief rally. Daily RSI highly overbought. General trend is still bearish.
I'm bullish when I see people calling out the apocalipse. Those who've been through hell and back, many crypto winter storms, already know the drill. These china news are just a meme at this point. BTFD :)
I know it might seem impossible, but I can see a probable retest of the 200MA >We retested 100MA twice aleady and last rebound was a really nice rebound. So I'm sort of neutral at the moment (actually I'm shorting. "Buy high sell low" is what reddit-sensei teached me). But RSI is lowish on the daily. Maybe I'll go long once I get liquidated for doing bad...
As some of you might know, bitcoin and other cryptocurrencies tend to follow fibbonacci levels. As such, and attending to current support and resistance levels, bitcoin will most likely follow it's bearish flag pattern down to the 0.382 fib level (matches the current flag size extension), which also coincides with the 42.5k/43k$ level. After that, we'll most...
Hello there! Let’s see. -We have a lower high in the MACD and and higher high in our daily chart . That's a bearish signal. -MACD is starting to cross bearish on the daily. -RSI is a bit high but nothing compared to the overextension levels that it attained in the past. Neutral here. -Let’s not forget the big sell-off that happened just a few weeks ago -...
BTC is now currently retesting both 50MA (yellow line) and the 21 MA. Will it retest again? Most likely, in my opinion. Both the bearish divergence, and the rising wedge breakout might signify a collapse of leveraged longs and very few shorts to soften the fall. There is currently approximately 1.75 trillion (1'750'000'000) USD (~85%) in longs and 350'000'000...
I cleaned up the graph and added a few extra indicators (namely volume) relatively to my previous chart. As you can see we have a lower high in the MACD and and higher high in our daily chart . That's a bearish signal. RSI is also high. And there's also the big sell-off that happened just a week ago - we've been climbing slowly in price but low in volume . Big...
Well lads, as you can see we have a lower high in the MACD and and higher high in our daily chart . That's a bearish signal. RSI is also high. And there's also the big sell-off that happened just a week ago - we've been climbing slowly in price but low in volume . Big institutions are doing a big play here. I have a subcription in a website that allows me to...
Well lads, as you can see we have a low high in the MACD and and higher high in our daily chart. That's a bearish signal. RSI is also high. And there's also the big sell-off that happened just a week ago - we've been climbing slowly in price but low in volume. Big institutions are doing a big play here. I have a subcription in a website that allows me to analyze...
Based on these fibbonacci levels, current daily volume, and "general maket sense" I'd say we're going down to 42'000 usd MAX (35'500 EUR). I'm thinking we're going to a fib level of more like 43'500 USD . There's been multiple attempts at the 0.786 fib level but no breakouts. Plus the squeeze momentum on the daily chat is getting on the verge of collapse. Sure...
I think bitcoin might hit ~62k, pullback to retest 40k before going to the 2.618 fib extension which coincidently is the most expected level, 100k$.
Ethereum 470$ Retest Before 700-900$
Most of My predictions were spot on. March/February charts