Good morning again ladies and gentlemen and welcome to the bull show. Bitcoin is still climbing full steam ahead and shows no sign of relenting. Many speak of opening shorts but with the recent climbs we have witnessed its just not easy to bet against the bulls right now. There is a lot going on with the charts this morning and we have much to discuss so grab a...
Good morning again ladies and gentlemen and welcome back to my daily look into the charts. Today I have the 4hr time frame pulled up and we seem to be holding onto 28k for the time being. Things look good for a good strong yearly close. I believe the daily and weekly and monthly all close in approximately 9 hours give or take and a lot can happen in 9 hours. Im...
Good morning again ladies and gentlemen and welcome to the 25k level. We are knocking resistance down left and right tearing our way up the charts. I said I would be satisfied if we made it to 25k but I must admit I am still pulling for the bulls! 25400 has been broken and that is the new ATH. Nicely done bulls! Lets take a look at what is going on with the charts...
Here we have an updated version of the weekly (W) chart for Bitcoin (BTCUSD) since the $10400/$10500 barrier has been taken out.
One important note before we get started.
This week is brand new and we are looking at the weekly chart.
The price for Bitcoin can change and reverse by end of week so we need candle closure for confirmation...
The trading volume is...
This is non-repainting indicator which can be used for Index, Stocks, Commodities and Bitcoin or any other securities depending upon the various parameter setting of the indicator. This particular strategy is for BITCOIN.
The detailed description about the indicator is as follows:
Long Period: Period for calculating Primary Signal Line (Yellow).
Long Period...
If the current price range stays for quite a long time Bitcoin might be turned out bullish again but the upside is limited.
till price 6k and 5k revisits again I'm leaving 10k.
Reasons:
1. Fomo
2. Greed
3. Crowd sentiment
Bitcoin is preparing to test the leve 10800 is upcoming few days .if it breaks the upper resistance channel then pasibility have to terst the 10700-10800 lupper level.
I personally believe bitcoin is creating a falling wedge pattern
this is my personal opinion so do some research and then invest your money .
Disclaimer: This information is for educational purposes only invest at your own risk !!
This is a comprehensive overview of Bitcoin behaviour prior & after it's first 2 halving phases.
Currently it's has formed a Triangle / Pennant pattern & seen to have taken support over its weekly 200 moving average .
Let's see what's in store for it.
Hello folks!
I've posted the big picture of bitcoin. I expect the prices to stay within this triangle and the range of 5500$-9200$ for almost the whole year of 2020,this will get the bulls/bears frustrated. We will reach our All time high(20,000$) in Q1 of 2021.
We now have Bitcoin (BTCUSD) fully retracing with a full bearish candle close below EMA10, signaling that prices can easily continue lower... But, what happens to the altcoins?
In our view, we have mainly three markets when it comes to Altcoins vs Bitcoin.
First (1), we have Bitcoin vs the Dollar (BTCUSD).
Second (2), we have the Top10 Altcoins (ETH, XRP,...
