I have to be honest with you as I always am... There are some indications that do worry me and there is a potential for Bitcoin to stop growing at this point, I mentioned this in my previous article for IOTXBTC.
But the chart is on our side and this all changes if BTC can move and stay above MA200 on the daily timeframe, that's around the $45,250 price level....
As per my view we are getting ready for a rally in BTC.
Good News for Bitcoin Bulls
Bitcoin related stocks have been slowly grinding higher over the past few weeks.
This action has shifted the charts of many of these stocks from bearish to bullish.
And, that’s good news for bitcoin bulls. Because, if the stocks do indeed discount the future price of bitcoin,...
Decisive Point 0.28670 ,
if breakout with volumes and stabilized above purple zone
1st Target 0.38218
2nd Target 0.44856
The long and (the) short of this recent Crypto Crash
As I mentioned in my Multi Year Analysis, I am Bullish for Cryptos Segment for coming 3-5 Years, My Long Stop loss for BTCUSD is 15K-19K on an average till then nothing can harm...
Technical analysis:
Hello everyone, welcome to this quick update:-
As said closing is still pending in the tagged post. #Bitcoin dumped hard below its daily support and reached around $28,800. A couple of hours later, quickly moved up above its daily support. A huge amount of stop loss was triggered. Currently, #Bitcoin is trading around $34,000, approaching...
ETHEREUM/USD continues its bearish trend creating lower lows and lower highs and it may not start an uptrend as long as a news comes out such as Tesla accepting bitcoins or other cryptos. BTCUSD and ETHUSD continue to move in the same way therefore if the price of BTCUSD increases, the price of ETHUSD will increase too.
The candle seems to close below the support...
Technical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Bitcoin got Rejected by the EMA200 Resistance (40900) But Still Moving above 38k Support.
At the Moment, Bitcoin is Retesting the 38k Support (Descending Channel), If Daily Candle Closed Above the Channel, Expecting Bounce Back towards the MA200. 📈
#Bitcoin is Moving Below...
Hello guys i had find this setup which is made a double top in 4h timeframe and also broken trendline and we get a confirmation also we can sell with the sl above resistant which i mentioned and tg near support and plzz before opening any position plzz do your own analysis if you like my analysis do like share and follow thank you
While the current market low is surely abetted by Elon Musk's announcement of Tesla's decision against Bitcoin payments, the larger picture (weekly one) seems only to be in sync with market's tendency to retrace the prices after a significant peak has been achieved, which in Bitcoin's case, occurred during the second week of April when it touched an all-time high....
The previous support which was about $43400 has been broken. However, BTC tried to retrace but failed. The next support for BTC is at $28800. If I'm not wrong we will see it soon. Hope this to be one last hit before BTC moves back to $43400, and break it as well in uptrend.
Better now than when BTC is in 90K plus stage and ppl expecting 100K to touch. Then it would be a blood bath.
Keep buying in dips or just HODL till it tests 18K levels too. Or just uninstall all apps and check after couple of months.
Elon Musk's tweet on bitcoin had hitted crypto market badly, Ether(Crypto currency of Ethereum) had been falling from past few days, and currently ether is at one of its strong support. But we know that Ethereum is much better than bitcoin because it is not only used for transactions but it is a complete platform for development of decentralised applications, and...
XAUUSD- GOLD
Inflation fears are real. With all the fiscal and monetary stimulus provided by the governments and central banks around the world creating money out of paper, keeping the interest rates low providing ample liquidity and devaluing their currency. Dollar is already in a long term bear market. All this point in one the direction that inflation is...
Technical Analysis shows an uptrend in the market to come as after a sharp drop from 18 April 2021. prices are in the area of the very strong support area. Any big negative news can make the price drop lower, then we would see a blood bath in Bitcoin. but i wish we will see an uptrend.
