Btcusd new resistance zone create We think. New resistance 35600 up to 36000 here. We see 9 January to 15 January btcusd price down 28500 near and next go to this price near 40k price in 21 January to January last day see.
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BTCUSD bull run seems to be due for a correction. The 4H chart shows major divergence on the RSI. Besides, the price has gone too far away from the 50MA (red line) and is at the psychological level of 30000. A correction toward 26000 (50MA) or further up toward 21000 (200MA) on the 4H chart seem likely. Watch out!
These are the questions that I am now getting very often... If Bitcoin will retrace, how far can it go?
The potential targets we look at are based on the timeframe we are reading...
Even though we have a very strong bearish candle today, with really high volume... It is still very early on this move, here is the daily (D) chart for BTCUSD:
We have today's...
Last - 30350
For Educational Purpose -
Jumping on parabolic move such as yesterday where BTCUSD touched highs of 34800 can be extremely risky when the moves end.
Not A Trading Call
In the Spirit of 2021 and Bitcoin hitting a new high daily... HIT LIKE before getting started!
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We are likely to be witnessing the last monthly bullish candle before Bitcoin starts to retrace... How far up will it go?
Looking at our Fibs. on this chart, based on the monthly timeframe, we have the following resistance levels coming...
As you already know from all the previous TA about it, the breakers is a proprietary algorithm based on probabilities which have 95%+ winrate
Therefore using the strategy, we got a very easy scalp yesterday with huge profits : wait for bearish 5mn divergence, short, take profit on the breakers.
Nothing more to do! the BF indicators are free to use and I rly...
Ok, a great start we have today for Bitcoin (BTCUSD)...
Sorry, the unstoppable Bitcoin .
Today, we look at the numbers.
Our last target was set beautifully at $29890... Bitcoin cut through it easily, so, where do we go next?
After conquering $30,000, with a candle close above this level (this means that this level is considered "conquered" only after today's...
Where are we?
Bitcoin is the most popular coin at this moment, last time I heard about bitcoin around in Mar the price was around 7000$ but unbelievable 9 months passed, it rallies up to 30000$. This phenomenon indicates that we are in a powerful impulse wave of a supercycle. We can not count wave three as an impulse wave because wave 2 does not comply with the...
I do beleive Bitcoin has seen such a straight up performance it's hard to say if it'll have the 20% correction that's needed to keep moving along at a healthy and not parabolic rate but Im thinking it'll reach down to the support levels of about 25k maybe not and only 26k so thats the target 26k
![BTCUSD: BTC forms sub-wave a of C non-standard in [Day timeframe cycle]](https://s3.tradingview.com/a/aQD2v2j1_mid.png "BTC forms sub-wave a of C non-standard in [Day timeframe cycle]")
