$ALGO potentially promising. Could long once 1.9 breaks with strength
Bitcoin just retested its all time high range and recorded an inverted hammer in the supply zone (Weekly). Clear distribution is seen in lower timeframes like 4 hours and 1 hour; many patterns are identified. If these patterns were identified without the weekly inverted hammer, then we can consider long. But in this case, its clear indication of distribution. The...
Bitcoin is forming a symmetrical triangle on the 4H. As can be seen it bounced perfectly during the dump and I might be looking for a long opportunity somewhere in the green area. If we bounce of course, if not, it may offer a opportunity to short but I'll pass that one probably. If we break up the technical target is around 68K, if we break down the technical...
This is the bullish signal because its a reverse head and shoulder.
Bitcoin is in a correction phase from 20.10.2021, confirmed by a false break from the level of 62.830. We expect the continuation of its formation, the potential lows of the rollback will be tracked in the development. Investor sentiment is at optimistic levels, which also confirms our expectations for the continuation of the decline in quotations. Altcoins: We...
Bitcoin is in a correction phase from 20.10.2021, confirmed by a false break from the level of 7156627. We expect the continuation of its formation, the potential lows of the rollback will be tracked in the development. Investor sentiment is at optimistic levels, which also confirms our expectations for the continuation of the decline in quotations. Altcoins: We...
It looks like BTC formed a symmetrical triangle on the 4h and perfectly bounced of the support at around 60K. I think that if we can hold this level of support we'll see a surprising November. But if we lose this level, and decide to go downwards I don't think that November will be that good since tonight (depending on your timezone) we're also having the monthly...
Today we see clear bear action developing after a low retrace and some higher lows. We can see prices moving below EMA10 on low volume... This volume will soon grow and the correction can speed up. At this point, the only way to change is to move back up and hit new highs consistently... After a new high, retraces/corrections due take place. The Altcoins...
Who's panicking? We have been following the plan to the pip. I am going to stick to my plan unless #BTC were to lose 58k. Then maybe 53k comes but thats a story for later IMO Bullish until proven otherwise.
Bitcoin price is correcting after an all-time high at $67,162. This pullback could extend to the liquidity pool extending from $52,746 to $53,824. If the bulls push BTC to produce a daily close above $64,539, it will invalidate the bearish thesis. If you have any questions, please leave a comment and if this post helps you out, leave a like.
Remeber this call is a life changing oppurtunity , defintely going to see a massive pump . Long it with 30% of the quantity as of now and go on adding .
BTC all set for crossing 70000$ soon as per our chart. Immediate support 58000$ Immediate resistance 62500$ wait for proper entry, either on support or after breaking out.
What to say? The last candle has a very long lower wick, which can be read as a signal favoring the bulls, that's for sure. This long wick is likely due to El Salvador buying 420 Bitcoins in one scoop. But, is this enough to change the newly developed short-term trend? We have a descending channel marked orange (please keep in mind that this is SHORT-TERM,...
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Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (59488.35). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (59488.35). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Just 5 days ago we looked at the bearish potential for Bitcoin, " Bitcoin Entering ABC Correction | Altcoins About To BOOM! " This potential remains intact. We are likely to see lower prices in the days to come. Just a correction before we resume massive strength and bullish growth. We believe the Altcoins will do great while this correction is done. This...