This has never happened in all of Bitcoins history during a bull run; there is a likely chance we are back into a bear market and could see declines below 6k. Be careful trying to make an entry as more pain is likely over the next few months. Also worth noting is that the all time high hash rate is placing a great amount of pressure daily as miners dump...
Bitcoin (BTCUSD) is now moving within a descending channel, going lower. Now I am seeing a potential bounce in place or further drop. Bitcoin can easily move lower, according to the chart above, but a bounce is also very likely. As for the mid $6,500 price (I am looking at the $6200 - $6500 range), I am looking at this level for Bitcoin (BTCUSD) to fully...
Bitcoin has come under major downside pressure after finally breaking under the well-defined descending triangle pattern on the higher time frames. The $8,300 level is must bounce level for the BTCUSD pair or the cryptocurrency could slide towards the $7,500 level. Overall, the BTCUSD pair is a sell while trading under the triangle, bulls desperately need to...
Today's drop makes it clear that Bitcoin (BTCUSD) is going to retrace as we were expecting... But how much lower can it go? Let's take a look at Fibonacci proportions for answers... Bitcoin reached a peak in late June completing a move that started back February 2019... As it moved lower, it found at the 0.382 Fib. retracement level from the last bullish wave....
Bitcoin is slightly under pressure on Tuesday as the cryptocurrency market is struggling to build on last weeks trading gains. The BTCUSD pair is trading $10,000, with the triangle pattern on the daily time frame continuing to narrow. A move above the $10,420 level should secure a bullish breakout, while a sustained decline under the $9,600 level this week should...
Bitcoin (BTCUSD) just closed below EMA10 on the weekly timeframe, let's get back to the basics... Back to keeping it simple... Above EMA10 = Bullish potential Below EMA10 = Bearish potential Bitcoin's bearish potential has been activated on this timeframe, if BTCUSD remains below EMA10, it is very likely to move lower and test EMA50, which is now...
THE FLOOR(6000$) WHICH WAS MISSING TO BE TESTED IS ON SIGHT NOW. HISTORY GONNA REPEAT ITSELF(6000-3200) HUGE DESCENDIND TRAINGLE / SYMMETRICAL ALSO BE READY GUYS TO MAKE SOME BUCKS. #BITCOIN #XBTUSD
In my last update for Bitcoin ( BTCUSD ) I mentioned "bearish tendency", because Bitcoin has been moving lower since it hit a peak on the 26-June, we can easily see lower highs being printed... But since the 28-July, we are also seeing higher lows. This is all a period of consolidation but Bitcoin can still move lower before moving back up. Now, the signals... ...
Seeing a descending triangle in weekly. If it close below 9192 in weekly then down trend confirm. targets given. Soon we will see a blood bath
evidences supporting the conclusion provided in chart.. shortening of buying thrust after the june rally, quickly followed by large severe selling waves and lack of follow through in the subsequent rallies and at the present position of the trading range the inability to cross above the 20dma, shows weakness in the price action unless the supply trendline is...
BTC Symmetrical Triangle can Breakout or Breakdown ? It will move in either direction , but smart margin trader will earn very handsome income in either case. So this is my advise to take advance orders according to levels as per my opinion. This is not financial advise, profit and loss is yours.
The first cryptocurrency is attempting to recover above the $10,000 level on Friday, after briefly falling towards the $9,600 support level on Thursday. Yesterday’s strong pullback may have formed an important low for the BTCUSD pair, particularly with the lower time frames still showing a bullish pattern. Overall, a continued recovery above the $10,000 level...
With a good enough consolidation on the charts, showing accumulation at the levels of 10200-10500, long targets of 12500/13900 are valid on BTC. Expect an upside price volume breakout soon enough.
Bitcoin is failing to attract a strong bid above the $10,000 level, with the number one cryptocurrency repeatedly failing around its 50-day moving average. Weakness below the $10,000 level is likely to prompt the BTCUSD pair to test towards the $9,700 support level. Buying dips under the $10,000 level is still the best strategy for trading the BTCUSD pair until...