It was a crazy run downhill for Bitcoin this year. Most people(New investors) thought this could be the bubble and BTC will stumble and bleed.
Things like these are said and proven false for over and over again. Especially, by the important financial figures out there.
Looks like this is the end of the cycle from accumulation to crazy momentum uphill....
Hello,
Looks like bull runs could not continue beyond a few weeks.
200 day Moving Average is a major resistance for BTC. Thus the touched it and came down twice is past month.
Next support is near 7.6k at the bottom of the Ichimoku cloud.
Let's see how it pays in next couple of weeks.
Disclaimer:- This is not a financial advise to invest in any crypto currency. If you take any decision to invest based on this technical analysis, I'll not be responsible for your lose which may incure by the market volatility.
I have published an idea of BTCUSD Price before so you can have a look on that chart also. Now you know we have got some more update on...
I have studied the data of BTCUSD and i have found that if this is reliable than after 3 months of Declining in price BTC has completed his correction with Triple Combination. This says that now market will reverse in the opposite direction of correction. It means BTC is in Impulse mode. Which you can se in the chart. Bitcoin before july will touch 13000$ mark and...
Trading was volatile and bitcoin was about 11 percent higher near $7,680 as of 9:36 a.m.The sudden jump forced traders who had bet against the cryptocurrency to buy back into the market.
"Once bitcoin broke higher, shorts were squeezed and forced to cover," said Brian Kelly, CNBC contributor and head of BKCM, which runs a digital assets strategy for...
New trading suggestion:
There is possibility of temporary retracement to suggested resistance line (110.30), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Midterm forecast:
While the level 110.30 is not broken, the Midterm wave will be downtrend.
Price may also reach 110.30, if price reaches...
I have studied the data of BTCUSD and i have found that if this is reliable than after 3 months of Declining in price BTC has completed his correction with Triple Combination. This says that now market will reverse in the opposite direction of correction. It means BTC is in Impulse mode. Which you can se in the chart. Bitcoin before july will touch 13000$ mark and...
The mssive drop we seems to be a small piece of a bigger picture ...
A successful test on the previous reacculumation formed support and a small accumulation in the seling climax region , raises the suspicion of another reaccumulation on the bigger time frame about to happen...
test=
acc in the sclx region=
Targets for the upside will be updated with...
New trading suggestion:
*The price is in a down trend and we forecast the down trend would continue.
*There is still possibility of temporary retracement to suggested resistance line(0.71750), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to ...
Settled in blue channel respecting support at ~6500 and resistance at ~8500. Lets see on which side it comes out of channel again. Outside the channel Green trendline is next resistance at around 11K. While support at Red(6650) and blue(4100) trendlines.
The end of the C wave from Wave 2 at $ 6,500 resulted in the price above the short-term trend line and the $ 7,500 test, which was then stamped. Currently, this level is a support for the price.
The rally on the increased volume ($ 1,000 an hour exchange 30k of BTC fututres contracts) caused the price to reach the local resistance level at $ 8,265. This level is...
Bulls have won the fight, at least for now, which had all the ingredients of an epic war .
Once that happens, bitcoin price could test the nearby inflection point at the 38.2% Fib around $8500 or the 50% Fib at $9122. The 61.8% Fib lines up with the triangle resistance near $10,000, which is also a key area of interest.
Stochastic is pointing up to show that...
Follow up of the previous idea ...https://in.tradingview.com/chart/BTCUSD/BY0vJ1AM-some-thing-smells-fishy-is-it-btc/
Disclaimer.. no active trades.. no cryptocurrency in possession at present..
Notat all an investing/trading recommendation, only my personal views
