We must wait for this triangle to be played on either side if we see it from a bearish angle which is very rare in this case, would at least give us a target but a bullish angle would take the mind off and we will be out of any resistance so no target just an open bull...
Gonna be exciting 😏
BTC is stuck at the level of about 19500, it is forming symmetrical triangle
it might reach to the level of 22700. for comfirmation used volume
Stoploss at 16600
Good morning ladies and gentlemen and welcome back to my daily look into the crazy world we call Bitcoin. Today I have the 4hr time frame pulled up after retaking some support lost over the last week. We will see the weekly close tonight in around 9 and a half hours or 10 and a half. That daylight savings time always messes me up. Regardless of what time the...
Bitcoin is likely to move above 24000 as long as levels of 17500 ( very short term trader) or 15700 ( short term trader) are maintained non daily closing basis.
I have depicted 3 phases of Bull run on the chart, we currently in 3rd phase which will last till 100000 approx. Only catch here is the last high of BTC which is 19666. If monthly close happens above this level we can reached are trgt within 12-15 months.
Happy journey
BTC successfully break the pattern and the next target is immense. It break with a target of 27000$
If BTC break 13800$ successfully with good volume a new All time high can be seen very soon
the parabolic run will be huge this time
A way bigger then 2017 rally
We will keep this one short and simple.
This is the weekly (W) timeframe for Bitcoin (BTCUSD).
The week still has two more days to go but we are seeing the current price below lasts week's low, which is set at $18100.
The current price is also lower than the week before last week's close, which is set at $18192. This is the candle with the #9 on top.
This...
My friends, Bitcoin is now looking like it can easily test EMA50 as the next support level... EMA50 is sitting at $16700.
Typically, when we use the MAs as an indicator for support, the price doesn't stop exactly at the MA line but instead, a wick is left behind.
So, if Bitcoin is to continue lower and test EMA50, we are likely to see a wick that goes to...
After analyzing the chart, I came to the conclusion that the trend of the uptrend in BTCUSD will continue to move towards the renewal of the historical maximum, as well as consolidation higher with subsequent growth.
There are 3 trend lines on the chart:
1. The purple trendline is a mirrored trendline of both support and resistance, giving us insight into the...
