Have been moving sideways for more than a week now. Few forex мнения ago it seemed like the bulls were planning to break upwards but the volume and conviction fell short and the bears took over and pushed the price down within minutes.
Right now we are supposed to believe that there is large buying interest in Bitcoin and volumes are rising. The resistance marked by EMA200 has been holding Bitcoin down week after week after week, I marked this with down blue arrows. Each time a resistance is challenged it becomes weaker, but if it doesn’t break price action will retrace in order to gain momentum and try again. Why there is no better opportunity to buy Bitcoin than now. BTCUSD: Why there is no better opportunity to buy Bitcoin than now.
Following the previous analysis on how the Fibonacci Channels and Halvings provide buy signals on Bitcoin, we are extending our perspective by incorporating the Supply cap element. I know what you are doing. Good day fellow traders, Recently I have uncovered something really interesting in the Bitcoin Chart. After being stagnant for many months, the Money Flow Index is at a level not seen since January 2018, over a year ago. What’s up guys, I just want to share this chart with you and some perspective. If you don’t know, I started trading about two years ago.
Will we get a H1 C down or the wave Y down as I’m forecasting? We have got the first confirmation of the final drop in wave c of ii down I have been waiting for. We have got the first wave i down. That final wave c of ii down should be subdivided into five waves. And so far we have got wave i down and wave ii up. Bitcoin Update: As bullish as I am, I am expecting a correction!
BTCUSD: Bitcoin Update: As bullish as I am, I am expecting a correction! I do expect a correction based on the chart patterns. Bitcoin appears to be falling out of its rising wedge. I’ll be looking for it to catch support at these levels. 0 monthly fees on your bank account? Since bitcoin set sail in 2009, cryptocurrencies have made waves across the globe. The big question on everyone’s lips: What will these coins be worth in the future?