Currently, BTC Futures are in a rising wedge, with a target of 18,$ (if the trendline below is broken and the candle closes below it), and a minor 19,$ support, where it might decide to retest the wedge trendline. However, as BTC . BTC dominance has been breaking all resistance even when BTC broke ATH altcoins are still struggling. traditional investors joined the Crypto Market and since then they are controlling the Bitcoin price . Looking at the btc price action we can notice several shapes which occuring most of the time during a trend move. I think most important shape here is triangle. This pattern require patience from the .
Btc tradeviewBTCUSD — Bitcoin Chart and Price — TradingView
Bitcoin is following the Fibonacci levels to the degree that we can expect a pullback to previous levels as well as the upward move to the the next level. Bitcoin very likely finished 5-wave move to the upside, now we should continue down into that grey support zone, we should bounce up from that zone and then continue higher. At this point just watching for some negative divergence or an event to push this down to a retracement level.
Pennant about to break! How do you think? Shall we go and close the gap? Write in the comments all your questions and instruments These are the only gap ups that happened when price was dropping that i found. You heard that right folks, this isn't no ordinary Bitcoin Bull Run, there's something coming between you and your bullish outlooks and I'm not hear to tell you exactly what that is, but I am here to help guide you through this experience of Bitcoin Trading.
My analysis goes beyond technical analysis and comes from beyond what the eye can see. The system is peer-to-peer; users can transact directly without any middleman. The system works without a central repository or single administrator, which has led the US Treasury to categorize it as a decentralized virtual currency.
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. 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 I want to tell you right away that the situation with Bitcoin is now very shaky, it literally hangs in the balance.
The fact of the merging of altcoins and the growth of domination only confirms the fact that people close their positions and enter the cash or stable coins, and bitcoin stands still - everyone is waiting for the next step from it. If we The infamous "Then they fight you" phase started! Merry Christmas. As bitcoin dominance is going up for past few weeks , now looks its a time for a big pull back and give alts to grow again.
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. There is no correction at this moment! I'm waiting that price can continue uptrend. We can open long position as soon as BTC will break nearest resistance.
Next resistance Videos only. Will History Repeat itself? Remember you heard it here first! Breakout Imminent!!! Bitcoin potential breakout from triangle. Wyckoff Distribution says Bitcoin will go down,don't get trapped. Update on previous idea. The facts are in the chart!
Bitcoin reached nearest resistance Show more ideas. 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.