BTC indicates underlying value of GBTC (not exactly as GBTC is a 'representative' fund). Current trend is downwards into a range of support that has been touched several times recently. 2 0. 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 players and need to understand it's nature. First of all all triangle . english — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost!
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As a result, buyers have formed a new local trend line. The price of BTC continues to remain between critical points. Buyers are 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.
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Weekly Chart Analysis - Taking a look Hello, dear subscribers! It is broadly known, that the Ripple has very negative fundamental analysis according to the last news. The price immediately reacted with a huge dump. On the right chart we can see two global support lines. Using a simple symmetrical triangle breakout target pattern. Current trend is downwards into a range of support that has been touched several times recently. BTC in the 4H, -price is hovering in a cloud somewhat strained by the McGinley support reported by the Bias is , and is alright for a target.
All points are clear in the picture BTC has set a lower support level, or has just dropped into a lower range. For now is supporting the top of the range but we'll have to watch over the weekend to see which direction this goes. Consolidation at this new level?
Seems that everyone believes in equities at the moment. Watching for a break out. We seemed to inch up just over the range we've been consolidating in and have 'just' peeked over the range we've been consolidating in. Will this hold? Or will we fall back into the range as we have previously? Seems gold is shinier than bitcoin right now. This resistance area marks a critical resistance target. If we close above , we can expect 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 Hi, Welcome to this analysis about Bitcoin, we are looking at the minute timeframe perspective. Since Bitcoin formed this significant bull-trap yesterday after moving above the level and pulling back to previous zones with an emerging impulse it is forming an interesting formation now that will be the determining source within the upcoming times, BTC is facing resistance along the 0.
Bitcoin hitting top bolinger on 15 min. Also resistance level with many highs on 4hr. Take most of profits here. Most likely will decline back to 35 ema. I'm waiting that price can continue uptrend. We can open long position as soon as BTC will break nearest resistance.