2020 has been a good year for BTC, as it broke above the all time high. The 2021 is going to be a price discovery year. Using time cycles we can expect BTC to print some good numbers after getting overbought.
Bitcoin fallen from 16 k after breaking the yearly ath trend now again tested from 16k to 17.5 k and created small uptrend but look like seller can move here to test 17k support then we can expect move next big ath in long term right now everything is correction right now and I believe this is so different from 2017 fall of BTC, for now, its making market stable...
BTC/USD has completed the bearish crab pattern. As per the rules of the crab pattern, the trend of BTC/USD started to fall because it's a bearish crab. But it's suggested to sell near the D point. It will fall up to the targets 12972.35 - 12087.10 - 11465.31 . But as it's crab pattern, there is a possibility of a pullback. If it starts to rise, DO NOT SELL .
The Bitcoin (BTCUSD) drop below $9200 is now imminent... Why is that?
Hit LIKE now and let's get started with the daily first...
BTCUSD Daily (D) , 24 hours per candle, is now moving below EMA100, the blue line on the chart.
Moving below this level is pretty bad after the 19-Sept. peak only hit below $11200...
The daily candle is yet to close and closure is...
And we have a bearish Bitcoin meaning...
We also have a bearish Ethereum.
Right now ETHUSD is moving below EMA10 after a strong bearish candle 31-Aug. very similar to BTCUSD.
This weeks candle is still active and the week young... So this chart can easily change.
Confirmation only happens after candle closure; end of the week.
If ETHUSD closes below EMA10...
In my last post, I made the case that Bitcoin has found its bottom at the green support zone because of the following reasons:
1: Bitcoin has fallen 20% from the current peak to the support zone
2: The support zone was key resistance multiple times. The fact that it broke resistance is significant!
3: The 21 weekly ema was at the support zone.
As we can see now,...
I am looking now at the daily timeframe for BTCUSD.
We looked multiple times at the 1H timeframe, then 4H and now we are going to have another look at the daily (D).
Here we have prices dropping below EMA10 and EMA50.
Yesterday's candles closed below these levels and now we have a drop starting to shape.
We can see a bearish cross of EMA10 and EMA50 taking...
Here we can see golden cross of MA 50 and MA 200 and there is a trending line support in yellow.
If price closed above yellow line then BTC price will go up because Golden Cross Factor.
