Bitcoin broke out and is hovering just under relative highs. We caught a nice pivot from $20.7K, but resistance from $23.9K is proving prohibitive at the moment. The Kovach OBV has picked up, but we must first break this barrier at $24K. It appears that some life has returned to the markets, as the GDP numbers yesterday indicated, by definition, that we are in...
Bitcoin bull run when DXY tops out ??!! Look at the last BTC behavior when the US Dollar Index left the overbought area on the weekly RSI We had a 140 weeks bull run to the next cycle top - the BTC price distance to the long MA was ~222% (green line) These days DXY left the overbought area on the weekly RSI again - the distance to the long MA is...
Bitcoin closes above EMA50 for the first time like in, forever and this is great news because it reveals what comes next. We can ignore $26,000 because it is already hits today... But we can focus on $28/$29,000 which will hit within 1-3 days. Here is the trade as the title says: Bitcoin $37,000 Target (80% on 10X = 800% Potential) | 5-July-2022 Namaste.
Bitcoin probably is into a complex correction to the upside and has started the wave Y. Also may finished subwave 1 from subwave A. X wave bounced into 0.5 fib retracement of the entire up move. I am expecting a pullback for a wave 2 here and than to continue to the upside. I would have liked BTC to have passed the previous peak with this subwave 1, but we will...
Bitcoin short-term view - correction overdue BTC with a further nice pump near price action resistance at $24.150 IMO the corrective movement near start (a) bearish divergence in the game (b) I guess we will meet $22.3662 - $21.873 Would be totally fine dear Crypto Nation *not financial advice do your own research before investing
Bitcoin is currently trading slightly above the neckline of this potential massive Cup and handle on the 12 HR Chart. The target of this pattern is around 28.7k.
Bitcoin was in a consolidation triangle and broke to the upside. There was a flagpole with falling wedge formation that broke down and now price is retested the triangle resistance this time as support. The simple target is the height of the consolidation triangle moved to the site of the breakout. I for one am looking at bitcoin as a weathervane for the...
Bitcoin resumed an aggressive bullish recovery in the US session on Thursday after bottoming out at $20,725 on July 26. The bullish rebound comes after the benchmark cryptocurrency broke the July 20 descending trendline following an aggressive retest of the line yesterday. BTC now sits at the edge of $24,000 as bullish trading volume mounts. The primary...
Bitcoin looks like it's ready to retest the major level of support from 2021-2022 around 28.7k. 287k is the target of this Ascending Channel and also the Monthly R1 is at that exact price. If BTC does reach 28.7k I have a feeling we'll see a major rejection around there.
Bitcoin looks like it may be forming a Diamond Top / Bart Simpson on the 1 HR Chart. What goes up (extremely fast) must come down?
Bitcoin saw a nice pivot from support at $20.7K after the FOMC statement. The 75bps rate hike lifted uncertainty about the Fed's outlook and stocks and other risk on assets were clear for a rally. We broke above $22.4K, but are meeting resistance in the vacuum zone between this level and $23.9K. We don't expect anything staggering from Bitcoin in the near...
Bitcoin short-term view - nice pump...what next ??!! (a) we see a hidden bearish divergence and with a possible higher high a regular bearish divergence might join (b) the nice pump might have ended at FIB 78.6% - often seen for BTC (c) a correction might get down to SMA+EMA+trendline in FIB 38.2% / 50% between $22.405 - $22.085 Have a great day *not...
Bitcoin had a massive pump to the upside out of this Descending Channel. The target should be around 23.5k.
bitcoin short term analysis, We have a bull flag confirmed today that targeted 27k. I will update soon if anything happen good luck.
Bitcoin short-term view - last update before FOMC meeting (a) we see a hidden bearish divergence (lower high on price chart but higher high on RSI) (b) last recovery seems to end at FIB50% - $21.595 No everybody is waiting for the FOMC meeting - afterwards high volatility in any direction likely *not financial advice do your own research before investing
Bitcoin in 1h is now breaking its static resistance, and if this range is broken, it can go up to the channel ceiling. We expect the price to increase after the pullback. Otherwise, we will have a correction to the support level. Its not Buy or Sell SIGNAL DYOR BY : Mohamad Teriz - @AtonicShark
Bitcoin has fallen from highs at $23.9K, crushing hopes that another bull market has returned, and confirming our assertion that this was a 'bull trap' all along. We are finding support at $20.7K, after hitting this level exactly. Support is confirmed by a green triangle on the KRI. We got a small pivot from there, but are running into resistance confirmed by...
Bitcoin on 30 minute timeframe is forming inverse head and shoulders pattern which is a bullish pattern and right now its breaking out target for this pattern is at 21790$