Bitcoin... we have a decision. Chase the break or is it fake? Watching the 15min we have breakout potential the question is, is all the potential gone? Were we just flushing out all the 100x leverage shorters out there? We're once again in an important rotation zone. On the 1 hour there is not enough momentum for a change in the daily bear scenario. If we...
Bitcoin is currently at an absolutely key level. Should it stay above the prior high & resistance level (@36.600) we could be dreaming for more short term uptrend. If not, it could hopefully hold along the newly created short term uptrend line (somehow around 35k). If we loose both, then its back to 30´s baby.
Bitcoin managed to push away another attempt to break lower and climbed throughout the week. There's been statements going around by bitcoin market leaders to support Bitcoin and that they are holding and may buy more again. Nevertheless, this rebound could still be very temporary as the market is expecting a strong buyback at a much lower price and it probably...
Bitcoin is breaking beyond two key downtrends that have kept the price at sub-$40k levels since entering in May and seems poised for a reversal. We have a triple bottom with the Bitcoin Greed/Fear Index at 10-Extreme Fear, making this an ideal opportunity to think like a contrarian and go long. I will be targeting $38k in the short term with a possible retest of...
Bitcoins price action in 2017 saw price move from 650 to 20,000. This chart is looking at the price action after the December 11th 2017 peak. AMC's recent price action looks similar. Here is the chart showing bitcoins journey in 2016-2017. After the peak, price retraced 87% of its original move. I show this level plotted as a custom fib retracement level. The move...
Bitcoin has entered since the June 22 Low a new tight range, with the 1D MA50 (blue trend-line) acting as the Resistance that keeps the price that low. Those Lower Highs created by the continuous push of the 1D MA50 are practically the technical characteristic of a Channel Down. And if we ignore the wicks on the candles that made every low since the May 19 crash,...
Bitcoin may steal the show in the weeks/months ahead... Taproot, which enables smart contracts on Bitcoin, has been activated on its test network.
Bitcoin is a technological breakthrough and some people forget to treat it as an advancement in our lives no different than those that the big technology companies have to offer. For sure it is not a stock but comparing it with Nasdaq, the tech stock giants index, can provide some very interesting insights. First things first, it has been more than noticeable...
bitcoin price started a downside correction below the USD 35,000 level. BTC even traded below USD 34,000, but the bulls protected the USD 33,200 support. It is currently (04:27 UTC) moving higher and is approaching USD 34,500 which might help the price accelerate. Bitcoin price corrected lower, but it stayed above the USD 33,200 support. Ethereum is consolidating...
Bitcoin Dominance broke its resistance and completed the return process. The bitcoin trend is likely to increase.
Bitcoin's price action since the May sell-off has drawn many comparisons to blow-off tops of its cyclical Bear Cycles. However as the consolidation since the May 19 low continues, it displays more and more similarities with the late 2019 price action, which was a mini bear phase following the very aggressive rise of April/ May/ June 2019 that was based to a big...
Bitcoin has hit today the 1W MA50 (blue line on the chart) for the first time since May 2020 (May 25, 2020 weekly candle to be exact). That was more than 1 year ago and it was a time when after a 2 month consolidation, the price detached from the 1W MA50 and never looked back starting the impressive rally that peaked in April 2021. But what does hitting the 1W...
Bitcoin continued to range for one full month since it tumbled to a 50% loss. Last week, Bitcoin lost steam quickly after it faced resistance at 41500 and the selling continued through the weekend. As the FOMC is just over and signals for tightening, Bitcoin may continue to lose its ground, ending the current consolidation and head for an even bigger pullback in...
#Bitcoin: The On-going Cycle of Stimulus & FUDs as on 18.JUN.2021 Jack Dorsey notes lobbying efforts to get Ethiopian gov't to embrace BTC Jerome Powell "Fed would move forward its timeline and schedule two interest rate hikes in 2023" Elon Musk Counters Kraken CEO On Bitcoin Being 'Greener' Than Critics Say
Bitcoin: The Bear is Exhausted Blue -> Green Key Support: 34800 BTC , BTCUSD , BTCUSDT ,BTCUSDTP, BITCOIN ,CRYPTO,CRYPTOCURRENCY DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions and be responsible for your own investing and trading Activities.
Bitcoin reacts on one-to-one geometry. Market creates sequence of lower highs that indicates downtrend. So possible short.
Bitcoin closes the month in 3 days, the worst in terms of losses since the March 2020 flash crash. So far it remains above the 1M MA20 (yellow trend-line) but that alone doesn't tell much. There is though a parameter on the (very long-term) monthly chart that we haven't looked into. As you see on the chart, every Bitcoin Bull Cycle ends with the Monthly RSI...
Bitcoin Next Moves and testing 200EMA