Bitcoin (BTCUSD) hit a low on the 30-Sept. and has been moving higher, slowly, since...
A peak price was hit yesterday (11-Oct.) at $8,820 with a long-wick/huge rejection candlestick.
But still, we believe Bitcoin will bounce and move higher, why?
The volume on the drop is really low... Bears are lacking strength. If Bitcoin drops some more and there is still...
isn't that happen too quickly, i mean just before around 40 days bitcoin prices pumped meteorically from 4200 to 4800 on a rumor of a fake news which was circulated as april fool joke that SEC approves Bitcoin's ETF, and weird thing is that no one panics even after this news was refute. recently we've also seen the tether fud which could have great impact on...
Most people believe that Bitcoin (BTCUSD) is entering a consolidation phase (green triangle) which will lead to a bullish explosion pushing bitcoin higher in value.
A repetition of what we saw in late 2019 and early 2020.
If this scenario comes to pass, we can see Bitcoin hit $28,000+ in early 2020 and beyond...
We've looked at the short-term view, bearish and...
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...
Is the Bitcoin (BTCUSD) chart changing?
Have we gone from bullish to bearish short-term after we hit 3 targets for our last BTCUSD trade?
Let's take a look...
Feel free to hit like if you want to now show your support.
On the chart above we have the 'UPPER TRENDLINE' and 'LOWER TRENDLINE'... This is the range in which Bitcoin is trading right now.
Bitcoin (BTCUSD) remains bullish on the monthly timeframe.
We are not used to seeing a "long-term" bearish Bitcoin.
We are not used to seeing Bitcoin consolidate/go lower for months.
There was only one occasion where Bitcoin went negative for six months straight. That was between August 2018 and January 2019... What followed was the BTC 2019 bull-run which...
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.
Bitcoin (BTCUSD) can easily move lower... According to the signals coming from the chart above.
My last analysis showed that the signals were weak and that Bitcoin could move down since it was rejected for the fourth time by strong resistance... You can see the full analysis here:...
Bitcoin (BTCUSD) just printed a strong bullish candlestick pattern, but we are not there yet...
Feel free to hit LIKE now and let's get started with this analysis... Thanks a lot for your support.
Bitcoin (BTCUSD) | Daily (D) Timeframe Analysis
Circled in green, we can see the bullish engulfing pattern.
We can see a young bullish MACD crossover.
Bitcoin (BTCUSD) short-term drop, as seen in my previous analysis, is coming to an end.
We can look into any pair short, mid and long-term.
We are looking into Bitcoin (BTCUSD / XBTUSD) daily, in order to determine its next move.
Our main target now is $8500.
We went from SHORT to LONG...
Conditions for change
Remember that this situation/chart can easily...
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...
Bitcoin (BTCUSD) is trading below EMA10 and gaining momentum on the 1h timeframe.
EMA50 is also being broken now and we marked the next target.
Support is found next at $8218, which is the 0.382 Fib. retracement level from the last bullish wave.
The next support that follows if the above breaks are $8122 and finally $8027.
On the way up, Bitcoin needs to break...
This is our full trade for Bitcoin Cash (BCHZ19) with leverage.
This is for advanced/experienced traders only.
This is not financial advice.
Trade: LONG BCHZ19 (Bitcoin Cash)
Buy-in: 0.02700 - 0.02750
Stop-loss: Close daily (D) candle below 0.02580.
Bitcoin (BTCUSD) did not move to 9k, which is obvious, it continues consolidating within a range...
Sideways Bitcoin = Altcoins Growth
My previous analysis on Bitcoin remains valid (you can see it below), we now proceed to take a look at the Altcoins growing more and more.
Bitcoin (XBTUSD) Moving Aries | $8.6 -$9k | Short-Term Full...
Bitcoin has opened the new trading week with a more positive tone, as the number one cryptocurrency stabilizes above the $8,100 level. A break above the $8,600 resistance level should support an important technical test of the $9,100 level this week. A bearish break under the $8,100 support level could see the BTCUSD pair falling quickly towards the $7,500 level...
Bitcoin (XBTUSD) is likely moving higher now... but why?
On the chart above, take a look at the trend line... This trendline worked as a strong resistance pushing Bitcoins price down multiple times.
After it was broken, Bitcoin challenged the next resistance and came back down to retest the trendline... The trendline held successfully and Bitcoin is now showing...
Following up on our last Bitcoin (BTCUSD) analysis... Will it hit $9,000 Today?
Volume is still low but gaining momentum.
Now trading above EMA10 and EMA50.
RSI is now on the bullish zone.
Bitcoin is strong and the altcoins continue to grow.