When looking at this fractal, we can see the stages are almost identical here. The shapes are maybe not great, but the movement is almost the same.
1) The big rally towards the red zone, making something that looks like a big triangle
2) Breaking upwards, but which becomes a bull trap and we see an ABC correction down (yellow)
3) Then making the parabolic move...
Bitcoin continues to linger above 9K while the 9500 reversal zone boundary is still in play. As I constantly remind our followers, short term timing strategies like swing trading rely on probabilities. We measure these probabilities in the form of price patterns and levels. When price reaches a reversal zone, and does not take it out, there is a greater chance of...
Bitcoin has been consolidating the past days. I am using this term, because 2 days ago it looked a little bit like possible top formation but since we have not seen any big drops and supports have been holding, objectively we need to see it as consolidation. Low time frame bearish formations have not been reaching their targets and we have been making higher lows...
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When D4 looks at a chart, he sees a story. He sees the different players in the field, and how they have been acting....
Hopefully, it starts to become a habit but again, followers (already a huge number) and other TradingView users, it still looks and it still feels amazing to be TOP 1 analyst and TOP 1 post author on TradingView, thank You and You and You.
I have been quite quiet because the Bitcoin price has stopped between the $9,000-$9,300. Yesterday, it made breakout...
So far Bitcoin is following the path of the triangle on the left. Yesterday we could see an attempt from the bulls to break out already, based on the shape it was much to soon. It did however even break the 9450, but bears were simply waiting to catch the price with their short orders. Now it looks like we might be at an important stage. We bounced up 200 points...
According to this indicator it is.
During both of the previous bull cycles when the price touched or almost touched the 0.382 Fibonacci retracement level, Bitcoin pulled back considerably and consolidated until the final (and more aggressive) parabolic bull run.
To be more specific:
In 2012 the price declined roughly -50% upon testing the 0.382 Fibonacci and...
First of all, subscribers and other users of TradingView, I would like to thank you for your support, thank you very much for that!
Now let's look at the graph
We broke the triangle, keep the level above $ 9000
Savings on Red Square at $ 9,400-9,000
gives you the opportunity to rise to the goal of $ 10,300-10,500
The campaign to achieve the goals will be...
There is much good news in regard to the current situation on BTC.
There are no signs of any price fall or some kind of similar things, ironically, bull-shit.
Don’t let yourself to be fooled by guys who only want to draw your attention saying “BTC $1000 soon”
Let’s get down to the chart:
• Weis Waves – there is literally no supply – everyone hodls...
Hello dear crypto friends, we have a nice potential for a trend reversal with BTC, if we see confirmation on the H&S that has shaped up.
RSI is a good confirmation in this case, since we're on a Divergence here:
If the bulls manage to hold the range, we have a clear Equilibrium between 8,9 and 9,4, and can break in either...
BTCUSD is approaching its resistance at 9599.7 where it is could reverse down to its support at 6594.4.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Good morning, traders. Price continues to make its way upward as it completes what appears to be a symmetrical triangle. This pennant should lead price toward ~$11360, based on the height of the flagpole. That is just a few hundred dollars below the 2018 TR's resistance, supply zone EQ, and 4H R3 pivot. You may have noticed that this also takes price above...
I wondered if there could be a pattern in breakout timing and the answer is yes. At least it tells you within few days diff where you are sitting. So there are 45 (roughly) days between each breakout.
Lets see if it comes true and where it wil take us.
Good luck all.
We had a great trade. Entered at the 8900-ish support and our target was 9370-ish to 9400-ish for the short term. Price respected all our minor resistances. Waited until 9200 broke up and now if you are a day trader you could sell some around 9370-ish to 9400-ish. Our support is now around 9220 usd, there is minor trendline and 20 MA on the 1hour chart. We have...
Here is the next analysis of using the LongBuyLongSellIndicator(LBLS Indicator).The latest version of the indicator is given below.
In this, three different exchanges are used for analysis with same time frame (BITMEX,BINANCE and COINBASE).
Look at the top and the price movement very closely it shows the market is pushing down the Bitcoin prices.