Let's take a look at Bitcoin's ( BTCUSD ) peak prices since ATH in December 2017.
First, we have Bitcoin's All-Time High ( ATH ) sitting at $19891.99.
A higher low hit in June 2019 at $13868.44.
Then we have a recent peak in February 2020 at $10522.51.
On the 30th of April, another peak was hit at $9478.66.
We are looking at lower highs.
We have...
Bitcoin (BTCUSD) has been a slow recovery with slow and steady growth which is now turning into a "strong recovery".
We have a "V-shaped" bottom and there was only one barrier left to know if Bitcoin would produce additional up.
This resistance is at $7865 and is now being challenged on the weekly timeframe.
Prices for BTCUSD are safely trading above...
Bitcoin (BTCUSD) is preparing to jump and will surely find resistance at ~$8,000 or MA200, marked on this chart with a black line.
Prices for Bitcoin managed to conquer EMA50 so additional growth is possible.
We have bullish indicators with low trading volume.
While the trading volume is low, we are seeing green bar after green bar being printed... A strong...
Bitcoin ( BTCUSD ) has been consolidating while prices remain above EMA10, EMA50, and EMA100, telling us that the bulls have the upper hand.
We can also see the ascending triangle pattern which also leans towards the bulls.
We can also see the ascending triangle pattern which also leans towards the bulls.
A breakout might happen soon... Where do you think...
Bitcoin's (BTCUSD) retrace gained momentum last week but hit a stop yesterday when the 0.5 Fib. retracement support was hit... This level is clearly marked on the chart.
Here we have Bitcoin retracing on low-volume with prices now bouncing after reaching support.
BTCUSD moved and closed below EMA200, MA200, and EMA100 just to quickly move back above these...
Bitcoin's (BTCUSD) retrace gained momentum last week but hit a stop yesterday when the 0.5 Fib. retracement support was hit... This level is clearly marked on the chart.
Here we have Bitcoin retracing on low-volume with prices now bouncing after reaching support.
BTCUSD moved and closed below EMA200, MA200, and EMA100 just to quickly move back above these...
In the short run,
the price is likely to run inside the triangle.
Investors are advised to stay on the sidelines,
Wait for prices to break out of the range.
Feel free to contact me if you have any questions!
Long : TP 12000
Short: TP 8500
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------------------------------- 2020.2.24 in
The cryptocurrency market is filled with amazing people, extremely smart and open-minded but also ultra-bullish, and it is surely un-popular to post/write/share that Bitcoin will drop.
Being an eternal Bitcoin Bull, I've learned this through experience over time and if you post lots of "bearish/short" analysis for Bitcoin, the public stops reading what you wrote...
Here we have the BTCUSD (Bitcoin) chart, where some bearish signals are starting to develop.
First, Bitcoin (BTCUSD) started to move up breaking resistance after resistance until it reached $10,517.20.
After hitting ~$10,500, multiple bearish signals started to develop.
We have a high volume bearish candle printed 13-Feb., signaling that a drop is coming.
...
Bitcoin (BTCUSD) is starting to retrace based on the 4H timeframe chart... Let's take a look...
But wait, before we go there, here is our full Bitcoin (XBTUSD) SHORT trade:
Now, for Bitcoin (BTCUSD), prices are now moving below EMA10, which would switch our potential from bullish to bearish if the current candle closes below this level. EMA10 is sitting right...
Bitcoin (BTCUSD) managed to break and close above MA200 for the first time since Oct. 2019... Giving us a very strong bullish signal... Where to next?
Bitcoin hit a low on the 18-Dec. '19 and after we only see prices moving higher and higher, producing what we call slow-steady growth.
The major trendline that started with the 29-Jun. '19 peak has also...
$BTC Latest Update 🚨 ( ZOOM - OUT ) 1 DAY
BITSTAMP:BTCUSD
As we mentioned Before when $BTC was at 7000$ that will Go around 9200$ for sure
& We touched Nearly around 9200$ & bears havely dumped it for around 8550$ ( formed Rising Wedge Pattern in 4 hrs )
If not be able to holds above 8600$ than we expected to comer down around 8000$ - 8200$ in any cost for...
We've seen this pattern before... Bitcoin had a strong drop after EMA50 had a bearish cross with EMA300, then the BTCUSD chart produced the "3 Heads Pattern" which can lead to a very strong increase in prices... Let's take a closer look.
On the left side of the chart, we can see the sequence completed.
To our right, only the final jump chasing MA200 is...
The Bitcoin Bulls are now taking the lead... A very nasty drop yesterday, today turns into a fake breakdown that can lead to a very strong bullish signal called "Bullish Engulfing, this signal is confirmed after the daily candle closes above $7175.
Here is the daily chart for Bitcoin with the signal highlighted:
We also have a bullish flag and EMA10...
Bitcoin (BTCUSD) had a bullish close on the weekly timeframe.
Last week's candles closed as a "Hammer", which is a bullish candlestick.
"The Hammer candlestick formation is viewed as a bullish reversal candlestick pattern that mainly occurs at the bottom of downtrends.
"The Hammer formation is created when the open, high, and close are roughly the same price....
Bitcoin (BTCUSD) printed a massively bullish candle on the 18th of December, you can see it marked with a blue circle on this chart.
This candlestick printed high volume and managed to break above multiple resistance levels.
Many people are saying that Bitcoin will now go lower, and this is surely possible, but they are ignoring this signal.
Right now, on this...
