Bitcoin (BTCUSD) retraced strong... We caught the last peak, now we are seeing that a new low has been set... ----- Before we get started we would like to thank all of our readers, supporters, and followers, and Trading View as a company, its staff, and support, for ranking Alan Masters now as the #1 All-Time Top Cryptocurrency trader and analysts... I am deeply...
The Bitcoin charts are changing and the BTCUSD pair might be looking to retrace... But we have multiple scenarios that can play out, so let's take a look at those and where are the relevant resistance and support levels. We start with the chart as it is now: Bullish Bitcoin : Bitcoin (BTCUSD) made a strong bullish move and grew by 35% from the 28th of July...
Let's take a look at Bitcoin weekly... Our analysis while looking at the weekly time frame/scale; one week per candlestick... Feel free to hit like now and let's get started... Bitcoin Weekly Chart Analysis by Alan Masters Brown dashed trendline: 1) First, let me call your attention to the dashed brown line above. This week candlestick is challenging...
hey guys, bitcoin price charts in small time frames are one of the most tricky things in technical analysis, seriously trust me, ive personally experienced this thing as an elliot wave analyst. but there're some patterns which appears again and again in bitcoin's chart, for example like the upper one. i've seen this tricky pattern a lot of time in bitcoin...
I will make it really simple for us (me and you) right now. Here is how this works... But wait, make sure to hit like before we get started... Ok, thanks a lot for the support, let's continue! We have been looking at EMA100 as main resistance, which is the blue line that has rejected Bitcoin's growth several times in the recent past. Looking at this moving...
I have chosen this ABCDE triangle wave as my primary count on the daily time frame, which also looks like an ascending wedge pattern wise. Ascending wedges are usually a bearish reversal pattern but can be used within a larger movement. So, technically my downside targets are near the wedge bottom ( USD 3100-3200 level) , where it'll be crucial to watch if the...
Bitcoin has been showing strong uptrend and has bounced strongly from the demand zone of $3100 level. Bullish Case: If it manages to break the $4100-4200 level in the coming days then it will continue its bullish trend till next resistance $4700+ level. Bearish Case: If it doesn't break the $4100-4200 level then we might price see price dipping to <$3500...
As we could not make another higher high it suggests me to consider bearish scenarios. Found an interesting fractal from late november that i think can play out.
Completing a Inverthed HnS Pattern on 1 Hr, recovery can lead to 4800+, a rejection will again throw it back to 4200 resistance.
LONG : 4600-4700 TARGET 1 : 5800 (TAKE PROFIT 60%) TARGET 2 : 6400 (TAKE PROFIT 40%) Just observe the chart for pictorial representation .
Good afternoon traders! This is why you don’t long into resistance or short FA bullish. For the last 3 days I have insisted we stay flat and I’m extremely glad to say this is the only bitmex group root :tm: Bitmex Gains that has not been impatient to get into any plays that are clearly not there. And still if you didn;t join the group message me and i will...
Everything looks positive right now for BTCUSD as far as the technical indicators go. Beginning of "E wave". (ABCDE) 50day MA about to cross 100day MA. MACD turns bullish (Orange crossed blue). RSI uptrends. 8900 and 9800 are important levels to keep an eye for in the next few weeks. 8900 if broken confirms long-term bullish signal. (By 16-20th June) 8900 if...
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....