In this chart of Bitcoin I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone".
If Bitcoin's price crosses the top-most price level, we will be looking for long opportunities and if Bitcoin's price crosses the...
In my previous idea on Bitcoin, I posted about the Fibonacci Channel, if it will follow it or not. As we can see here, it is perfectly respecting the golden zones and getting retraced. Here, I have posted a trade on the basis of this Fibonacci Channel and price action. RR is 1:5
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,...
Let's be honest... This looks or not bearish to you?
We have a horrible weekly candle.
The weekly candle still has 24 more hours before it closes but as it is now it doesn't look good.
Above $63,000 on a weekly close would look way, way better and we wouldn't have a strong bearish signal in place.
As it looks now, it is not good.
If Bitcoin closes bearish...
Bitcoin
Cmp - 32750
Stop - 30500 on DCB
Expectation -
T1 - 41300
T2 - Open, Review at 41300
Expected Holding Period - 30 trading days or earlier for T1
View:- Swing/Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
BITSTAMP:BTCUSD Bitcoins is forming the inverted cup handle pattern in daily timeframe which is bearish and trend continuous pattern which Technical analysts often use as selling opportunities because of their ability to "prove" the lack of buying pressure during the timeframe being assessed. i think it ll go down upto 22400$ level .
its just for eduactional...
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....
On 2 Hr time frame, Bitcoin forming a clear inverted Head and Shoulders pattern. Wait for neckline break and possible retest of the neckline. The target can be height of head projected after the neckline.
Please enter only after break of neckline and possible confirmation.
Good morning again ladies and gentlemen and welcome to my daily analysis of Bitcoin. Today I have the 4hr time frame pulled up after a pretty flat weekend in terms of positive gains (or negative gains for that matter) That is what I typically have come to expect from the weekend. We had a pretty crazy week across the markets from a stock scandal to various alt...
Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I am looking into the 4hr as it is telling me a lot and I want to share it with you all. The pump yesterday, while welcomed, was short lived and typically gains like that tend not to stick. Regardless of the gains Bitcoin has become a force. Its becoming mainstream. An...
Good morning ladies and gentlemen and welcome back to the world of Bitcoin. The bulls have made themselves at home it seems and they are still taking us to new highs well into 2021. There are a few reasons for this and we will discuss in this analysis. People are calling this a huge bubble and perhaps the bottom will fall out soon. But in the mean time we can...
Bitcoin is ready for a bull run. If at all you get bitcoin at around 15600 levels, it becomes a buy on dip.
The chart shows it has crossed the important Fibonacci level of 61.8, which means the trend of BTC is now bullish.
Stop loss in this will again be a weekly closing below 15600 levels. Till then, it's a buy on dip.
Good morning again ladies and gentlemen and welcome back to my daily look into the biggest financial system on the planet, Bitcoin. Did I mention its decentralized? Pretty cool when you think about it. The bulls have been on a tear this week and even well into the weekend things still seem pretty strong considering. But as the year comes to a close will the bears...
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...
