I see an ascending channel, we have beautifully tested the middle trendline. Now we are in a zone of resistance, which we will break due to liquidations and stop-losses of people who are shorting Bitcoin. Due to these closed positions, we will go higher to the resistance line of the ascending channel. Many people will short this super bull market, but this is dangerous for your bitcoinlife24.de: EXCAVO. Real-time interface to buy and sell BTC, ETH, XRP, BCH, LTC. Use advance trading tools and customize your tradeview for the ultimate trading experience. This is . Dec 08, · It is now looking more and more likely that Bitcoin (BTCUSD) is headed towards ~$16, on the next bearish move. This move has been in the making since late November and recently we are getting additional confirmations from the charts. Here we are looking at Bitcoin Daily and we can see prices moving below EMA10 EMA10 has been holding strong for the entire bull-run but now it is Author: Alanmasters.
Bitcoin bitstamp tradingviewIdeas and Forecasts on Bitcoin / U.S. Dollar — BITSTAMP:BTCUSD — TradingView
I had never seen this before. I just finished my own idea as well, and see that BTC follows a perfect parabolic ascend at the moment. In my idea I explain a bit more what I expect to happen around the resistance which is relevant for the fear and greed discussion. Trading-Guru , Good point of view - I've not seen that support before. I'd be cautious considering 'fundamentals' of crowd behavior where you talk about news articles and using a 4-hour chart. A 3-day chart for BTC these days is becoming the minimum lens on such a weighty asset.
That is incredible. EMA10 has been holding strong for the entire bull-run but now it is starting to fail. Remember that these signals become stronger when it shows up on both indicators. Confirmation is also coming on the weekly chart.
Check back for my Bitcoin Weekly analysis update. Comment: This is not financial advice. Make sure to do your own research before trading. It would be unwise to make a trading decision based on a headline or single article.
We are all adults here. Thanks a lot for your amazing support. Comment: Thank you all for the amazing support, truly appreciated. Comment: New update. Nothing is decided yet. I hope you understand your responsibility and possible market effects posting such direct headlines and ideas. I expect it to hit at Truncation learning - shortening something That why Elliot used the word failure shorter 5-wave compare to 3rd Wave, forever it does not move beyond or higher the end of the third.
We prefer the less connotative term truncation or truncation fifth wave as illustrated in the chart. After testing EMA21 as support, this level clearly holds, its price is now resuming the strong and steep bullish action we were enjoying before. We know that the entire market is strongly bullish because we have Bitcoin growing together with the Altcoins Last week, Bitcoin broke out of the RSI trendline on daily and, propelled by a bullish failure swing on the 4 hr chart, vaulted beyond 20k to enter uncharted territories.