This will happen way before the TradFi markets find a low. Bitcoin will come out ahead this we know for sure. Entry BTCUSD stops the strong movement at and forms a small pullback, during which a false breakdown of the downward level was made and the price returned back under the descending channel support.
There is potential for a fall. The price returns to the retest level , which was formed a few days ago. The rollback was not deep , which indicates the mood of BTC has reached the upper limit of the descending channel. I expect a bounce down. SELL scenario: short to Thanks for the likes and comments. Predicted price is USD. Why get subbed to me on Tradingview? Bear flag Target It is obvius that BTC is going down Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here I share with you a 4-day chart of BTC. Play your game with this new setup. Looking at the indicator i found a similar pattern occurred in post bull run. Obviously i don't know if this cycle repeat itself in this way, but it is usefull to whatch a this similarities to plan a trade for a long run. I'm long on Bitcoin since many year, but if price fall and patter reveals itself usefull, i consider How about a nice big cup of send the Bitcoin straight to the Moon?
This is not financial advice. I will provide everything to have a long from the pointed area. Every correction goes for another pump! Go for it! Hello Everyone!!! I've been researching this BTC Moon Cycle, and found out that it was interesting, some of believers says that Moon Cycle affect human on their spending behavior.
Please leave me your thought about my opinion, and if you guys like to, maybe I will create YouTube channel for English Get started. Ironman Premium. AlanSantana Premium. TradingShot Premium. Huge upside! Technical analysis uses the concept of price patterns from the past and technical indicators to analyse the charts and predict the future movements in price. This can be applied to any market, including cryptocurrencies such as Bitcoin BTC. When done right, technical analysis helps you accurately predict the lows and highs of Bitcoin prices over different time periods.
Such predictions will help you make educated and data-driven decisions on buying Bitcoin at a good price and selling at a profit. Getting Started with Bitcoin Technical Analysis Indicators To get started with technical analysis, you need a platform that provides reliable and advanced tools for the same. Here are two indicators to get started with for beginners: 1.
This is done by analysing the price fluctuations in the occurrence of the short, mid and long-term moving averages. The moving average is calculated by simply taking the average of the data points in a given period of time. Upon observation, you can conclude that when the MAW line blue line is over the bars, it indicates a downward trend. Similarly, when the MAW line is under, it indicates an upward trend. Note that MAW should be preferably used to analyse price movements over a shorter period days or hours and not over long periods like months or years.
It works by comparing the magnitude of the recent growth to recent downturns to measure the speed and change of price movements. It oscillates between 1 and It is a general belief that RSI should be under 30 for buying and over 70 for selling. As you can see from the example, Bitcoin exhibited an upward trend every time the RSI reached a major low and exhibited a downward trend when RSI peaked.
In simpler words, the lower the RSI, the more undervalued is the asset. While ADX can help you dive into the micro, Williams Fractal is a great indicator for a quick macroscopic view of the momentum trends. This oscillating indicator shows the strength of both the upward and downward movement in the price of an asset.
As you can see in the image above, most upper arrows are accompanied by a price dip and most downward arrows are accompanied by a price hike. The downside to this indicator is that it often produces several false positives. On the other hand, technical analysis does not consider any economic or fundamental factors.
Conclusion To conclude, Bitcoin trading is definitely an exciting market, one that many people want to get involved in.