The price is in the Liquidation price zone for weeks. We have seen the same structure for bitcoin back in 2012 where it came back to 0.618 fib before it started a bull run. Same could happen this time. Before the bull run, BTC will see its low at 0.618( 5200) then back to 10000 .
By November the price will project to 16000. By February 27000 the same will happen...
Good day! In my previous post, I mentioned Head & Shoulders Pattern was forming. But the pattern was invalidated by breaking the shoulder line.
Now we are forming the "Inverse Head & Shoulders Pattern" in the chart. The neck line should be broken to confirm the pattern.
As you can see in the chart, the head and shoulders top is used to predict reversals...
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...
hello guys, now this is what everyone is waiting from months, that when Bitcoin will enter in next bull market? and i think that now finally we've got our answers. now we could say with 80% probablity that we're now beginning with the next major bull market. as i've told in my previous analysis that 6000-6450 is the major level of resistance we need to break and...
finally we broke the 6000 barrier, now things get critical from here, as i said before 6000-6450 is the major resistance zone we need to break and hold for the next major bull market, usually prices falls back and retests the support levels, which in this case are around 4200 and 3200. fun fact is that despite of having negative divergence as shown by RSI bulls...
BTC increases accelerate in the channel,
There's a high probability of hitting 6000 in the short term,
After reaching the first target,
it is recommended to close the position,,
Consider going Long again in the low post.
(1)Buy Limit 5555
(2)Buy Limit 5330
Make More Money!
---------------------------------------------Ronnie 2019.05.05 in
We are doing Analysis of BTCUSDT on 4 Hour Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
I will make it really simple for us (me and you) right now. Here is how this works... But wait, make sure to hit like before we get started... Ok, thanks a lot for the support, let's continue!
We have been looking at EMA100 as main resistance, which is the blue line that has rejected Bitcoin's growth several times in the recent past.
Looking at this moving...