RSI on the day timeframe for bitcoin, retest on the supportlineRSI on the day timeframe
Retest on the supportline.
That's a good signal.
Maybe bitcoin go's to 49.36 resistance line.
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BTCEUR trade ideas
BTC and QQQ are directionaly correlated since 2019They go hand and hand just not the same % points. So if you are rooting for BTC to break 30k the QQQ needs to make a new low and enter a bear market. If not you need the QQQ to bounce from here and start going up.
Bitcoin 1 of 3 scenarios that will happen in the near future.Which will happen first,
1. continuation of the sideways move
2. Bounce off the 32.4K resistance line
3. Breakout of the 32.5K to become support and make a break for ATH.
PRICE PREDICTION BTC EUR 8MPRICE PREDICTION BTC EUR 8M
btc price prediction for 8M- august.
RSI 70-30
Head & shoulder for bitcoin on the day timeframeRetest on the blue resistance line 35600 if we bounce to the down trend then we can go to 9200 !!!!!
Or we can break the blue resistance line and go further up.
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RSI broke the blue resistance line on the day chartRSI broke the blue resistance line on the day chart.
RSI go up to red resistance line and then do a retest the green support line and then maybe go further up.
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Maybe cup & handle voor bitcoinMaybe cup & handle voor bitcoin
Price prediction : 45900
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Inverse head & shoulder for bitcoinInverse head & shoulder for bitcoin
Price prediction : 35700
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second os in 15d. we have a bull (btc9theres a clear oversell sign in 15d on rsi indicator. a clear bull, that certainly will bring the market up
BITCOIN... WERE ARE YOU GOING ?The Market was all red this afternoon but bitcoin held up his position by staying green today - I am still believing in the head and shoulder scenario I have shown before.
Here on the chart we can see:
- a small support that keeps bitcoin up
- lower day highs for the past week.
I think that bitcoin is for now not ready to get out of this zone, but if the support stays, we will (hopefully) see bitcoin shoot up to complete his second shoulder and then undergo a huge correction.
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DID BITCOIN ALREADY FORM A HEAD AND SHOULDER PATTERN???Instead of currently being in a bullish trend at the base of the second shoulder Bitcoin could already have formed that second "shoulder" and now bounced off the support line and undergo a massive correction down the 25k support line.
I personally still believe that like explained in my previous post, we are currently like I said at the "base" of the second shoulder in a bullish trend up to the 45k resistance line.
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BITCOIN HEAD AND SHOULDER ???As we can see bitcoin is forming a head and shoulder pattern.
We are currently in a bull trend at the second shoulder base which will reverse at around 45k to undergo a huge correction because a head and shoulder pattern is bearish.
Buy/Sell when Spot crosses EMA 21W Nowcast if there is a Bear with this simple strategy.
Needs less trades by better moving averages and trading cancel rules for short dips
Looks like BTC is heading to €35k Looks like BTC is heading to €35k, a close below the 50-W MA will be a strong sign this bull cycle is over.
How to gain reputation point to be able to participate in chat?While just being in a basic account, I would like to participate in the chat conversations. This however is not possible because I have to gain 5 reputation points?
Can't figure out how to get those in an easy way. If anyone has some ideas on gaining reputation points, much appreciated.
Classic, Simple, ElliottCan we imagine this?
Definitely we can have an Impulse wave on this one.
Let's see what future will bring to us for 2022.
BTC/EUR fiber retraction by 0.5if and when the BTC goes to 0.5 (28896 EUR) of retraction in fibo
it will be the beginning of a new cycle of crypto bull markets
and out of curiosity it is in the middle of two supports
34k/24K(EUR)
Pitchfork + Fibo Retraction + Supports
today these are the values but the story changes as new candles form
BTC BITCOIN: Head and shouldershello everyone, as you can see we are currently seeing a head and shoulders effect this could mean that BTC could still fall sharply. You can also see that this graphic is very similar to the previous dump.
Elliott Wave Theory ?CORRECTION IS A CERTAINTY LACK OF KNOWING WHERE IT WILL BE CORRECTED
what do you think about this?
What Is the Elliott Wave Theory?
The Elliott Wave theory is a theory in technical analysis used to describe price movements in the financial market. The theory was developed by Ralph Nelson Elliott after he observed and identified recurring, fractal wave patterns. Waves can be identified in stock price movements and in consumer behavior. Investors trying to profit from a market trend could be described as riding a wave. A large, strong movement by homeowners to replace their existing mortgages with new ones that have better terms is called a refinancing wave.
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