Trendline broken, a new bullish cycle begins towards the ATH
Bitcoin broke the first smaller resistance, now let's see if it manages to break the second resistance around 55k
At the moment we have a particular situation, I say this because it is still not clear that direction will take the trend in the next few hours, let's see, on the 4h chart, a triangle + a bullish divergence in play ... generally when the trend is bearish and yes Shape a triangle tends to think that almost certainly is a bearish triangle, but in this specific case...
Well, at this time we are faced with an optimal situation to buy, summarizing we: Stoch RSI: 0 for the second day in a row RSI: around 30 for the first time after the Covid Crash EMA 100: the price bounced over yesterday and we are bouncing over it even today Seeing these indicators all together I don't see reason why the price should go down, it's an almost...
After closing the daily candle under the EMA 50 after a long time, the price went directly to test EMA 100, for the moment it doesn't seem to be significant movements, you will have to wait for the daily closure to understand what will happen in the coming days . In addition to the EMA 100 we also have a StoCh RSI back to zero, for logic the price should close...
We have a divergence on the 4h chart, after suffered for a few days perhaps we will have a nice recovery
My feeling is still bullish, confirmation for the beginning of a new trend would be a closure over 57k (Bull) and below 53K (Bear), it seems that this will be another very interesting weekend
Formation of a nice triangle on the hourly chart, you have to wait for confirmation to open the next position, however, a close below 54K would initiate another downward impulse, while a close above 57,500, on the contrary, would initiate to a short-term uptrend. The best time to open a position would be waiting for confirmation, i.e. the close of the next candles...
The Fibonacci Reatracements / Extensions / Channels are very powerful and useful tools to verify the supports and the past resistances and in order to predict which future ones, it is certainly not a perfect tool but if used in the long term I must say that the result is very accurate . Having said that I have to recroll myself on the fact that the next top will...
It seems that we have a beautiful channel to follow for the coming months, this comforts me because besides having the perfect entry points in the market we will also have excellent exit points to then buy again on the bottom of the channel ... my advice is Very simple, buy on the bottom of the channel and close the position on the local top to buy center /...
As we see from the chart we have a double confirmation that this DIP is almost at the end, we can establish it from the fact that, besides the fact that the price is bounced on the main support, we also have Stoch RSI at 0, this happened only 6 times from Bull market start and there was always a rebound, I don't see reason why this time the same thing should not...
After the huge liquidations viewed this weekend, the huge successive buy orders and its stability today, we can affirm almost with certainty that this weekend is served as a cleaning process and to stabilize the market again, fundamentally it was not a Very violent dip but it was a surprise that after overcoming the ATH again the price has collapsed ... it was...
This DIP was programmed to throw away from the market all the traders and weak hands, have been liquidated billion dollars of positions today ... That said the price is bounced exactly on the main support, the trend remains bullish, do not be fooled, all According to plans
Don't sell your Bitcoins to the whales, they are trying to kick you out but the price is exactly on the support, I'm not worried a bit
Hello everyone dear traders, as expected there has been a spectacular breakout, the trendline has been broken and this confirms that the new uptrend has just begun. There could be a possible test of the last resistance at 59K which has now become support, so don't be scared if the price drops to those levels, however the old target remains the same, the next stop...
Hello to you traders, as we can see Bitcoin is drawing a beautiful triangle that will probably be bullish, I say this because the upside potential is still a lot and we are far from the end of this cycle ... anyway, the current support is around 56K, while the resistance is 59.500, the more cautious traders can wait for a close above the resistance to have a...
Hi everyone, looking at the daily chart it looks like Bitcoin is sitting on the big trendline that started last year when the uptrend started, considering that the bull market has just started this seems like a great time to place longs. The risk / reward in this case is really interesting because having the trendline close to the current price, if it closes below...