Bitcoin Bottom 2018 vs 2022 Ft. VuMan Cipher
2018 -
1. ATH is in. (Dec, 2017)
2. Market goes down. (Mar, 2018)
3. Goes up 50% and then starts falling down. (May, 2018)
4. 68% down from Local top, bottom is in at $3.1k. (Dec, 2018)
2022 -
1. ATH is in. (Nov, 2021)
2. Market goes down. (Jan, 2022)
3. Goes up 45% and then starts falling down. (April, 2022)
4. 63%...
Bitcoin has established a lower high just below the 22K resistance zone and is poised to close below 20K by tonight's weekly close. While price action is slow and appears to be out of play, the bearish factors cannot be ignored. In this report I will share potential scenarios that can unfold in the coming week.
Earlier in the week, Chairman Powell had a speech...
Bitcoin bottoming about to end soon! Mainstream has been scaring people from buying for a few weeks now...and now when even Jim Cramer turned bearish, you know you have to buy!
BITCOIN (BTCUSD) – Cash: Selling On Retracement Higher To Within The Range Of Bearish Pin Bar Signal
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed a Bearish Pin Bar Signal late last week.
Price moved lower from the Bearish...
Bitcoin. Will it break below 17592.78?! To be “honest”.. I”m “not sure”. (Pls dun argue with me, argue with yourself ..and Mr. Market . Thank You!) AND I will “not sure” for any of my trading setup “found” in future. BUT What I’m “sure” are 1) where is my trade setup “invalidation” level of my #StopLost ( where most indicators based/ mechanical system traders are...
Bitcoin most likely “found” its “bottom” as last idea. As its price downward price movement probably “stalled” at Fibonacci price 0.786 << measured from point 2 ( Circled Red) to point (B)( cyan/light blue)>>.. AND Fibonacci time 0.5 << projected from point a (green) to point 3 (Circled Red).>>.
Bitcoin's bear market rally shows the first signs of weakness and exhaustion. We still pay close attention to 20-day and 50-day SMAs; in the short-term, BTCUSD may attempt to retrace toward these levels (before breaking down and revisiting lows). Accordingly, we remain neutral/slightly bullish in the short-term. However, in the long-term, we remain bearish....
Chart is on the daily:
As I predicted on my last analysis, Bitcoin hit its reversal line and is bouncing back up to the resistance level. We will see this progress up back to the resistance level and see how it reacts.
This will gain positivity for a little bit until it hits resistance, which will be the ultimate test if bitcoin will remain bullish or bearish....
BITCOIN (BTCUSD) – Cash: Selling From Bearish Pin Bar Signal
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed a Bearish Pin Bar Signal overnight.
The prior Bearish Pin Bar Signal that had formed early last week failed (We did...
Bitcoin is trying to recover slower anyway being above EMA is a good bias to hold intra day longs. I see bitcoin going back to past resistance in the next 3 Hours.
Bitcoin seems to be retreating after the run it had, long-term indicators seem to be declining after this week, it looks like we will enter a new red week because the volume does not help us hit the support line last week.
Ema 89 is declining. Important week for the cyoto and bitcoin market.
BINANCE:BTCUSDT
Bitcoin managed to stay above the 20K level for the week which means I am not going to consider the previous test of 17K a major support break. This also means I am NOT going to relabel the wave count from a Wave 4 to a Wave 2. Keep in mind, just because price managed to stay above 20K over the previous week does not mean it will hold for the coming week. In this...
