These was a possible reversal from the Fibonacci Circle, but shall we consider it as a trap? I'm still bearish on bitcoin, what are your views? The Microstrategy buying bitcoin news did pump the market. But, shall we consider it as a trap, or it is a good sign to buy the dip?
Well, according to Fibonacci, the 3.618 level of the circle are possible reversal zones....
A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a...
$BTC|USDT
Once Again,
BTC Got Rejected From TrendLine Resistance At 38500$ (approx.)
Also Breaking Down The Support Level At 36500$ (approx.)
Flipping It Back To Resistance,
Approaching Towards Next Support i.e., 34500$....
If 34500$ Support Didn't Hold Then ,
We Likely To See a Free Fall Towards Liquidity Raid📉With A Possible Long Wick....
bitcoin chart is forming bilateral symmetrical triangle
Symmetrical triangle can either be bullish or bearish, Symmetrical triangles form when the price converges with a series of lower peaks and higher troughs
but if we look BTC daily and 4hr chart, then overall trend is bearish
So there is more probability that bilateral symmetrical triangle can break down....
Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr pulled up after a nice little bounce from support. Can the bulls keep the momentum going though? We have retaken some lost support so things definitely look better today than yesterday in my opinion. Anyways lets take a look at the charts.
I can see...
Good morning ladies and gentlemen and welcome back to my daily look into the world of BItcoin. Today I have the daily time frame pulled up believe it or not and I can see we are still clinging to 30k. The bulls have dug in and the bears are plotting their next move. We may have a better idea of what comes next towards the end of January. I will explain why I feel...
Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr time frame pulled up after losing a bit of ground over night. No sweat though. We are still sitting at 39k currently and that is something to be proud of. Its well into the new year and we are still clinging to the gains we have seen over the past few...
Hi all !!
Good day !! Hope you are doing well !!
Most of the markets have crashed a lot in the month of March. The news media is trying to relate the pandemic COVID19 infection is the cause of panic selling. This is not true. The fundamentals and technical's failed to push the market price higher where professionals (smart money) look for it to trade or...
Here we have the BTCUSD (Bitcoin) chart, where some bearish signals are starting to develop.
First, Bitcoin (BTCUSD) started to move up breaking resistance after resistance until it reached $10,517.20.
After hitting ~$10,500, multiple bearish signals started to develop.
We have a high volume bearish candle printed 13-Feb., signaling that a drop is coming.
...
Hi all!!
Good day! In my previous post , I posted a possible Short opportunity in bitcoin.
Any professional trader should have two scenarios to watch: both Bullish and Bearish.
So, here's is my alternative scenario which is bullish. And I'm sticking to the same target where I mentioned in my previous posts .
Find the Sell Target, Sell Zone and the Stop Loss...
In 2018, John McAfee put his prediction for bitcoin $500,000. I just made the path. how it will go to john mcafee $500,000.
Not a investment advice but it will happy to Bitcoin longterm hodlers. May be in 2028 bitcoin will become Global Money as an Assets.
First you should focus on $100,000. $100,000 Path link below.
happy Holding, Hodlers
hello guys,
in my last analysis I already told you guys to exit from btc market if it broke major trend line support now we can easily see that big red candle breaks the major trend line it means bears and dominating now bitcoin chart showing full bearish moments right now it breaks that major trend line which is not good sign for bitcoin at the moment it can...
