Bitcoin got a dump pump 'n dump today. I believe it's due to macro economic factors. Nevertheless as I posted on Twitter already, dips like this can happen. A dip of 10% is nothing compared to the dips that occured in the last bull cycle. We've seen a lot of greed in the market and it's something to really take care off.
I'll remain bullish in the short term if...
It looks like Bitcoin is forming a bull pennant on the 1h. The technical target out of the bull pennant is around 70.7K.
I would place my tp just slightly behind the target to prevent it from not being hit.
I would trade this pattern only if it break out to the upside. this how my trade setup would like. What do you think about this set-up?
NFA
BTC made an inverted head and shoulder on the 4H timeframe, however, it looks like the
pattern has failed to breakout on the upside.
As long as the price stays in the range defined by the two green lines, we are good.
However, if we break below the channel, expect the alt coins nuke pretty hard.
Consolidation since Feb 2021 in parallel channel and ultimately breaking out soon depending upon the volume.
Can enter 4h/daily close above 60,500. and hold it till December 2021. Can 2x easily.
Buy the dips on the way as much as possible.
BITSTAMP:BTCUSD
Be ready for big ride, whoever holding from our previous alert can still hold of book partially and now hold for target more than 80k +.
This is what I currently see in the price BTC/USD.
It got a rejection on the 58K level (Red box which acts as resistance).
The next major level of support is 53.5K approximately. It also shows confluence with the 0.236 fib level.
If I'm going to enter I'm planning to place my orders at around:
53.6K
52.6K
51.5K
50.8K
49.8K
48.6K
I would place the different...
On the daily we're forming a higher high. We're right now in a rising wedge. It looks like a healthy uptrend. But be cautious since everybody is #bullish on #Bitcoin & #Crypto right now.
Bitcoin is still moving within the falling wedge and as you can, a double bottom (indicated by the yellow lines) and has formed on the 1H.
So, the technicals are bullish on the short timeframe, I’ve scooped up some cheap crypto and on the 4h we got a massive rising wedge. But I’ve got more stables to buy in IF we eventually decide to go lower.
This is my...
Hi Friend..
I Am New In Crypto Market And I Am Analysis BTC Future Chart... And Publish First Time........
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Please Comment My Analysis Is Right Or Not..
If Not Right..
Comment You Why Not Right........
BTC is currently in a descending triangle after a bull run, it's repeating.
Yeah pretty self explanatory, idk about anything tho so take it with a grain of salt. Consider it an educational post about chart patterns maybe
Using logarithmic curves by @quantdelic and my awful drawing skills, I'd like to believe that BTC could be valued at more than 30 mil by 2035.
Ofcourse, this could be due to inflation (mass dollar printing, infinite QE, etc) or BTC taproot or more bitcoins being lost (currently standing at 33% of total supply lost)
It doesn't have to be one or the other, actually.
