bitcoin is really weak and if it wants to go up we need a long and scary consolidation but I think we will not break de lowest support YET. it's important to know that no one knows what can happen and this is how I look at it no financial advice time will tell
Bitcoin ($BTC) FIB: IF $BTC trades under the 200MA, it would be a signal FOR ME ONLY to start planning my buys. MACD is in BEAR territory and RSI is about to dip below the lower limit. RED CANDLES = 💰💰💰. Buy Low, Sell High. It is as SIMPLE as that; no college needed
Bitcoin fractal suggests a return to $35k. Indicators are also bearish. The market cycle top acts as extra confirmation.
Bitcoin ($BTC) FIB: $BTC rejected at $51,505 as BULLS buy up the dip. RSI flat lining near the lower limit and MACD looks to turn a corner
Bitcoin broke through its primary trend which means we are turning bearish. Is 28k going to be the next target? Let's wait and see. Have a nice trading week!
Bitcoin has faced resistance in the low $50K's. We saw five red triangles on the KRI which should have been an omen to readers with access to this indicator that we would see a retracement. Sure enough, BTC took a sharp dip lower to comfort in the $40K's. We are currently seeking support in the $49K handle between our level at $48.2K and $49.7K. This is...
Bitcoin has been in a downtrend for some time now with many conversations floating around regarding the beginning of a bear market. The constant 10-15% corrections most weeks after BTC set 67k as its ATH has driven down market sentiment for BTC. RSI indicators on the 4hr and daily time frame show that there is room for BTC to fall down. However, the major...
Bitcoin make a little correction and pump to the upside
Bitcoin 1/hr chart shows price trending between the 50% and 61.8% Fibonacci retracement levels in a tight $1,800 range. The fib levels are drawn from the recent peak at $57,670(100%) and $42,333(0%). What we’re looking for here is a price move above the 61.8% fib level at $51,811 if we want to see continue gains. Should price fail to hold support at the 50%...
Bitcoin forming an ascending wedge. At some point may break it to the upside, reaching targets of $84000 potentially $120000, (Early 2022, Jan, Feb) and then initiate bear market around 6 months. To resume around September.
Bitcoin already broke the uptrend trendline and looking wick on the daily candle. Potential short position if crosses below 42k
Bitcoin ($BTC) FIB: $BTC currently on a third green candle in as many days as aggressive traders sell the top. $BTC touches $51,957 but no higher as it recovers as much as +10.08% in 2 day
Bitcoin - I've seen a lot of imaginations running wild with their Bitcoin charts here on TradingView. However... let's just keep it simple and go back to the basics. In the grand scheme of things... we're still trending UP!
Bitcoin´s 7 new tasks on the 4h chart... 1. break the MA Ribbon and turn it bullish 2. break the 50 SMA 3. break the red price channel 4. break the volume resistance 5. break the 200 SMA and FIB golden poket 6. break several OVB resistances 7. break the RSI resistance ...come on Mr. Bitcoin 😎 Drop me a nice comment if you'd like me to analyze any other...
Bitcoin looks to be following the same behavior in previous bull cycles. Hit an ATH, followed by a shallow correction, then another ATH, followed by a mid level correction of about 25%-28% from the ATH. This is shown on the chart's loading zone below. We expect retail traders to assume Bitcoin is going into a bear market only to participate in a bear trap. Market...
Bitcoin will most likely re-test the previous breakout level at the 53-54k range according to price action and basic trading rules. Don't forget that price tends to re-test previous breakout levels most of the time. I turned on the 9MA in the daily chart to keep track of the re-test zone. If you are a bull, you want the candlesticks to close above 59k confidently.
Bitcoin may need to fill in to support again at $41,818 the stochastic is converging down and needs a weekly close and I believe that we may retest support before we head up… also we are just below the 382 support which both need to get back above at 49,570 I have linked some of my good and bad analysis. Happy trading
Bitcoin has not made much progress since the decline from April 2021. Price suddenly fell 56% over the course of a few weeks to the weekly 50 simple moving average, which at the time was around the $30,000 round number. Following the bounce in July 2021, price headed back to the high from April and made contact in October 2021, where it failed to break and stay...