BTC has been riding the 0.236 fib as support for the last 13 days, the 1.618 fib is sitting on 85k and the MACD looks nice and filled out about to cross. Maybe we will see some up trend pressure before the year is over, maybe early January next year?
But WTFDIK?
Bitcoin for the last few days has been bouncing between the Fib Retracements of 0.236(resistance) and 0.382(support) following a significant "correction".
While $BTC is currently below the 200 day SMA, quickly approaching is the 50 day SMA. If $BTC keeps moving the way it is we will see a Golden Cross. Looking at the RSI we see that $BTC isn't overbought(above 70)...
Bitcoin ($BTCUSD) weekly chart analysis. Bitcoin seen quite the pullback in the last 24hrs after 5 weeks of green candles. Many think BTC didn't drop enough during it's crash like it did previous years, are we about to see it drop more?
By now everyone would have noticed the huge, ominous Head and Shoulders pattern on the chart.
If Bitcoin follows the pattern set on the chart, depending on how long BTC continues to move sideways could we continue to see downward movement to, $USD 28,000, 22,000 or even 16,000 and lower?
...or have we hit bottom and about to see $BTC move sideways, transitioning...
Bitcoin seems to have broken the Bearish Trend that has been plaguing the Crypto Market for the last several weeks. Recently BTC has picked up quite the Bullish trend and continues to move upwards of the $31,000 USD support level, breaking the $35,000 USD resistance and effectively turning it to support and continuing to $36,000 USD where it is at time of...
Bitcoin (BTC) found good support at 30,000 USD and is continuing to form Bullish trends at 31,000 USD and 32,000 USD like this Inverted Head and Shoulders pattern. Are we about to see some movement upwards for BTC?
Let's be honest, we all knew it was coming...
Zoom out on the 4H chart and you might notice something rather odd. Now, you must concentrate and analyse the highs and lows of this complex analysis I've supplied you, perhaps take notes. A very Bearish pattern forming over 141 days of which Bitcoin ( BTC ) has varied in price from 29,000USD to 65,000USD, these Pump...
Zoom out and you will see a huge Head and Shoulders pattern forming on the 1D chart. The Bulls fought hard but 30k was eventually broken, we're seeing support at 29k for now. Further BTC predictions of 25k - 20k are coming in for the Bears but are they celebrating too early, could we see support at 28k?
What do you notice when looking at the 4 hour chart for Bitcoin?
When analysing the 4 hour Bitcoin chart you will notice a large head and shoulders pattern formed, switching to the 1 minute chart you will also notice a recent head and shoulders pattern, i feel that we are going to see quite the bearish market. As of the moment 31k is strong support for BTC but i...
