Tradingview ideas Bitcoin is blood type fresh currency that The art of trading is to decide when antiophthalmic factor crypto is in burble mode and when it reached the bottom after falling. What is easy to say in retrospective is a hard sentence in the immediate, which pot . Bitcoin is often called the first crypto currency. Bitcoin is better described as the first decentralized digital currency. It is the largest of its kind in terms of total market value. Bitcoin is an instrument of alternative finance, which has emerged outside of the traditional financial system. Bitcoin now getting support at $, which we already shared in our last TA. Now 3 things to consider 1. Bitcoin support and reversal from according to fibonacci retracement which is $ Need to stay above this important key level. bitcoinlife24.de - If we consider daily chart, RSI is below 60 which is also now showing healthy position.
Bitcoin tradingview ideasBitcoin (Cryptocurrency) — TradingView — India
It can be a possible scenario that price can go down to retest the trend line before breaking the range high. The is going to be a price discovery year. Using time cycles we can expect BTC to print some good numbers after getting overbought. Good Sunday to you all. Im finally back from my little get away and decided to take a look at what is going on with the charts.
After spending 2 days ignoring the charts its sure nice to come back to 24k BTC. CMP: Bitcoin always go up. Good morning again ladies and gentlemen and welcome back to my daily look into the exciting world of Bitcoin. Today I have the 4hr time frame pulled up and I see consolidation has taken hold. The bulls have taken us to new heights this year and I for one am quite impressed. But nothing goes up forever and a retrace should be on all of our minds.
Even if it doesnt Have you seen these formations? Bearish wedge 2. This is a quick short-term update on Bitcoin.
The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts. This is causing BTC to consolidate within a Triangle. Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous In this scenario, Bitcoin may have topped for the year. What do yall think? Let me know how likely it is for Bitcoin to hit this kind of price action Happy Holidays!!!
Hello everyone In my previous analysis even though I am bearish in bigger picture.. However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle.. Price broken triangle but need to close above green line and same time Green line need to hold as support.. However XRP should stop dumping hard now, the news made it through the whole world, everybody who had to panic panicked already.
Technically we are seeing a diamond on BTC which is a bearish Yesterday BTC aims towards local support orange line. It seems many have gone negative on Bitcoin with the recent plunge of the stock market. On this chart, however, I do see something a bit more positive. This is a 3 Days chart with a 30 bar moving average which is the equivalent of a Daily chart with a 90 day or 3 months moving Good morning my fellow Bitcoin istas! Today I want to take a quick look at something called the "Mayer Multiple".
It is simply a multiple of the day moving average. This guy named Mayer noticed that when Bitcoin was under 2. Well, we are currently at 1. I'm taking a long weekend and won't be back until next week so I thought I would post my current thoughts. As you know from my last post I think we are trying to complete a Zig Zag to complete this complex correction. If true, waves 1 and 2 are complete. I've drawn what I believe to be two possibilities to finish the It looks like the pattern from my previous charts are playing out very well.
This chart zooms in on the Zig Zag to show how the count may play out. If Waves 1 and 2 are complete then we are currently in Wave 3. This Wave should complete soon IMO, and Bitcoin is going on with healthy correction.