Bitcoin is struggling to move up in order to complete its 5th wave ( ElliotWaves ), can see that easily from the huge divergence in RSI.
Next couple of days, we may see a lot of fake-outs & bear-traps ( just some characteristics of the 5th wave ). But I truly think that the real sell-off starting at around 10k. the dump might bring Bitcoin back to the 6k zone (...
At short and long term timeframes we received a moderate correction. This indicates that it is safe to buy after parabolic growth
Despite strong resistance which we discussed in the previous analysis, the price continues to rise until Bulls begin to doubt their strength. The reason why Bitcoin's price is going up while there is a clear decrease stage is in the...
Well, you already know how I feel about all of this and how this has come about. If you read my other idea, tether has actually printed another billion fake dollars in the meantime and injected it into the system and actually are buying bitcoin with it... No bull was telling you that about that, right? There are major fundamental problems with the underlying price...
We have been enjoying juicy weeks which fill up with pumps after pumps on BTC and the suddenly the momentum seems to be FADING this week, which direct major attention to how the week price will close.
The idea here is that if weekly candle failed to close above 8250 that will implies a potential HANGING MAN which is technically a sell signal.
Well its still too...
As of today, it was observed that BTC has moved over 125% after testing out 3155$ level. What we have presently in the market is surpassing anyone thinking right now as Bitcoin resume huge BULL RUN.
There is no doubt saying the BEAR market is technically over with this huge action from the BULL.
I highlighted some major supports and resistance for us as the...
After the big pump Bitcoin need to cool off first. By the way, check this chart too.
I expect a deep and nice retracement after this kind of sharp moves. It's a good opportunity for a nice short position with a very very good RRR.
Open a short position now and consider 2...
Market structures look like we are about to reach potential end of possible ABC move on BTC. Series of bearish signal starting to show up on the chart such as Bearish divergence, spotted 3-drive reversal pattern as well with Adam and Eve target been achieved all these signal a strong reversal or a potential retracement incoming.
The core trading ideas will be to...
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This is my Opinion Only . is not a recomendation to BUY or SELL........
you can see a Few pro Members talking about a miracle recuperation... but rememember this is the First Bear market on Bitcoin you need to have extreme Carefull
THANKS TO ALL I HOPE ENJOY MY POST
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If we fall through the yellow box firmly, the 3000 or just below 3000 USD become likely. If we don´t it´s fairly possible we see another prolonged flat correction
in form of a descending triangle (or similar) before show down. The first hurdle to take will be the green EMA 200 in ANY move up.
The recent price action seen with Bitcoin attempting to break $9k (B) is a carbon copy the same as we saw when Bitcoin was attempting to break $6k (A).
There was bouncing between the 61.8% and 87.6%, before eventually breaking through and then extending out towards fib level 4.272 at $8.5k.
If we extrapolate that for the recent move at $9k then we get...
Bitcoin bull run since April reach ~ 9000s in end of May, currently, consolidation in the bottle neck line 7400-8000.
Mid term technical analysis:
Bull need a mid term correction to continue healthy long bull run.
Weekly RSI reach ~ 80
Daily RSI ~ 80-90
MA20 weekly ~ 5400
In a healthy bull run, price will...