Bitcoin (BTC) is the first decentralized digital currency, created in It was invented by Satoshi Nakamoto based upon open source software and allows users to make peer-to-peer transactions via the Internet that are recorded in a decentralized, public ledger. BTC USD (Bitcoin / US Dollar) This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. View live Bitcoin Cash / U.S. Dollar chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well.
Bitcoin usd tradeviewIdeas and Forecasts on Bitcoin / U.S. Dollar — BITSTAMP:BTCUSD — TradingView — India
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.
It took a few days for the price to settle down and establish new levels of support and resistance. With the parabola out of the way, the price has now settled into a rising wedge pattern no Hello my fellow cryptocurrency trader, how are you feeling today? I've been saying lately that Bitcoin has been tough on TA. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! 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 Yesterday BTC aims towards local support orange line.
After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target. If we close above , we can expect BTC is facing resistance along the 0. Looking at the monthly chart, we can clearly see the two strong bottom formations creating higher lows.
This is a monthly chart and has been in a downtrend since Volume is already picking up in the last 2 months as you can see The weekly BTC consolidation continues to deplete market participants. During the last attack of sellers, the price could only touch this range.
As a result, buyers have formed a new local trend line. The price of BTC continues to remain between critical points. Buyers are Dear traders, nice to meet you. By "following" you can always get new information quickly. Thank you for always supporting me. If it declines at Looking like alts could be testing ATH sometime soon. Left Picture is money coming into alts and right is BTC. Lets look at what the price did the last 6 years when btc opened up a new year with an untested yearly pivot.
This is despite whatever excuse for why that cannot happen now. This is This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments.