BTC is Easter our gift to long?My last update I speculated a really nice leg up 1:1 of the bottom leg. After doing a little more TA I have concluded the center was a triangle. I'm interested anywhere between 6200 and 6300 hundred. Don't get overly paranoid about the to the .01 cent entry. This is the trade I have been waiting for. Patience.
USDCBTC trade ideas
BTCUSD: The road map shows DOWN, DOWN, DOWN ... for now This is why i am BEARISH:
* BTC is trending in the blue descending channel
from July 2019 (Bearish)
* Currently it finds in a rising wedge (brown) -
(Bearish).
* It encounters the top of the descending channel
which probably would push it down.
* A huge falling wedge (black) is busy forming
to support my Bearish bias
* We still have a gap to close at $3570
BTC résistance à 7500 - 7800 ??Salut à tous,
Le BTC continue sa croissance, la tendance reste haussière mais une résistance importante se situe entre 7500 et 7800.
La situation reste délicate au vue de la crise économique, je préconise une short à la zone dessinée.
Je garde une stratégie sur le BUY/LONG, je pense qu'une baisse du BTC va se manifester le mois prochain.
Bon trade
The last low before Bitcoin makes its 2.5/3 year target of $250kLast capitulation point before we correct and move to the upside. I have Pitchforks and Fib Circles on the chart. Understand that this is all speculative and not for certain but from what I am learning as I move forward with this market this is my opinion and future target. Tim Draper continues to be positive on this $250k target.
1:1 WXY correction complete. Next wave 3 extension to 5k or 4k?1:1 WXY correction complete with a clear 5 wave count for wave Y and gradual declining volume as bitcoin rises.
4 hour bearish divergence now on the 4H OBV.
If this count plays out, we should be starting wave 3 of 5. If wave 3 is a 1.618 extension of wave 1, I'm expecting this wave to complete somewhere around 5150. A 2.618 extension will see an extension to the 4k region.
Good luck and happy trading!
Is Bitcoin going to make another leg down before relief rally?I have tried going bullish a few times down this Bloody mess. I really thought we would test 8400, but it's not looking promising for bulls. Watch Daily RSI even with this little push it's still flat. Looking for 7400 zone, before an attempt back to 9050.
Bitcoin Bottom Is In!Bitcoin (BTC/USDC) is looking amazing on the daily chart. Not planning on getting shaken out by this one!
Reason why I believe this local bottom is in:
Major hidden bullish divergence on the daily MFI
Regular bullish diversion on 12H MFI
Declining sell volume while price drops
Low volume on that drop yesterday (that was the capitulation candle imo)
Inverse head and shoulders (reversal pattern)
Hidden bullish divergence on the weekly BTC Dominance chart
Approaching bullish cross between MA50 and MA100 on weekly BTC Dominance chart (expecting a surge in bitcoin dominance leading up to this cross)
Over $1000 CME Gap to be filled
Bitcoin Halving fast approaching!
BTC Dominance:
Bitcoin CME Futures (Almost time to fill that gap!)