For the past 10+ years, bitcoin always follow this cyclical pattern where a bull run will take up to 2 years, followed by 1 year bear market. Then the cycle continues. Will this cycle in the cryptocurrency market continue? Let's see.
A 200 and 21 weekly MA crossover are never happened in bitcoin history ever. Such moving average crossover almost occurred back in September 2015 but the price immediately reverse direction to the upside so that the death cross didn't happen. This time the price of bitcoin has stayed below the 200 weekly moving average for a relatively long period of time....
Based on my previous post on how to buy/sell bitcoin at the best price , the buy signal for bitcoin is currently ringing. According to the chart, the bitcoin price has reached and reacted to the 200 weekly MA. Weekly RSI indicator has reached oversold and also monthly RSI has reached its support at around 45. Those levels could indicate bitcoin's bottom and the...
MACD Bullish Divergence + Inverted Head and Shoulders Price: 330 SL: 300 TP 1: 410 TP 2: 500 Disclaimer ON
Planning to buy stocks as they fall? Just look at its historic PE and PB ratio.
This stock is still in a downtrend. But if you're a dividend investor, this stock would be a pretty good bargain. There's a bullish divergence on the weekly timeframe indicating that we will probably see a bounce. The price has also rebounded from the 1k level. Since this stock is still in a downtrend, it's less likely that we would see an immediate trend reversal...
Spread between a 5-year and a 10-year Treasuries has dipped slightly below zero percent responding to The Fed rate hike. Could this be the sign of a next recession ahead?
Currently testing its major monthly support. A false breakout could possibly happen. Fundamental looks awesome. We got a 536% increase in EPS from last year. And a 131% EPS increase from the pre-pandemic year.
Just some market cycle projections based on historical patterns and performance. This is not a future representation of how the bitcoin market should be. There are no guarantees and certainty in the market.
If you look at the previous bitcoin bear market back in 2013 and 2017. The bitcoin always peaked in December. After that, the bear market begins and continues for about a year before the price went parabolic again. If you look closely after the bitcoin price peaked it went down and bottomed on the 200 weekly MA. The question is will bitcoin do the same thing in...
Let's see if a chart pattern could be a reliable way of trading.
A bullish flag formed after a breakout from the previous falling wedge pattern. Might be another great trading opportunity if you miss the previous one. TP: $51k SL: $46.4k
Bullish divergence on 4H timeframe. With death cross. But imma long anyway.
Buy when the price retest the previous resistance on 1300 level. Please adjust risk accordingly. TP : 1410
Just wait until the price breaks out from the ascending triangle/pennant pattern. TP: 4050.
I don't know. No one knows when the market crashes. We could only make a prediction. My prediction is that bitcoin will crash around December 2021. Just like what happened back in 2013 and 2017.