So far Bitcoin is following the path of the triangle on the left. Yesterday we could see an attempt from the bulls to break out already, based on the shape it was much to soon. It did however even break the 9450, but bears were simply waiting to catch the price with their short orders. Now it looks like we might be at an important stage. We bounced up 200 points...
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Now, let's take a look at the current Bitcoin chart.
After my call to buy BTC at $7930, the price has broken above my prementioned...
Hello, I want to take a closer look at Bitcoin's price weekly logarithmic chart.
Firstly, the chart examines growth and fall cycles, sometimes referred to as economic cycles or trade cycles. As you can see in my analysis, the growth cycle usually lasts approximately 150 weeks and is always longer than the fall cycle that spans out over the course of approximately...
$9,587 Which is the 38.2% Fib should just about do it o this run of Bitcoin - can it overshoot - of course it's crypto anything can happen but we will simply wait patiently because BTC has not yet seen it's "REAL CRASH"although most longs will tell you otherwise. See you at BTC $1,226 #Trading #Fintech #Crypto
Wish Everyone The Dragon Boat Festival
BTC Now complete the Bullish Bat pattern
and good price action with the yellow demand zone
Therefore we can buy BTC now and SL below X
TP1: 8500 TP2: Long term Hold
Yesterday I showed you why I believe that we could be heading to the 13500 level. Today, I'm going to show you why that could happen in a matter of days, or just a few weeks. If we look at "Move A," you can see that it has two distinct peaks, and then a hard rally that follows. That rally was 83.16%. At the time, I thought that move A would most likely roll over...
The strength ETH has shown the past few months, is not something we have seen continue the past weeks. The 280ish has been quite the resistance lately and so far it looks like a big bull flag in the making. We always want to see volume drop during bull (or bear) flags, but usually also want to see some differences within the flag. Like this last push up from past...
Sold a bunch at 9300 and above and I have been scaling back in at 9100and lower.
If correct we should see a bounce either to new high near 9600 or correction is extending into a triangle I mentioned before.
Remember, market could to higher then 9600 but I'm gonna be cautious. Next upside target would be about 10,140.