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Fundamental Analysis, Technical Analysis Or Graph Analysis? 8 replies

Bitcoin-Family math and technical analysis 19 replies

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Bitcoin technical analysis

FPA Technical analysis: BTC holds bullish context well by far, and it is valid until 53K lows stand. Potential upside target we see around 63.5-64K area.

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Quoting Amin1422
{quote} Turns out it was the complete opposite {image}The pattern was actually a bearish pennant:{image}
You were right it turned out to be the complete opposite today invalidating FPA's technical analysis in the previous post as Bitcoin went down hard losing $3,230 on an average ATR of 3,893.
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what is a good terminal to use for bitcoin trading?
Quoting pypete
what is a good terminal to use for bitcoin trading?
There exist tons of brokers out there accepting cryptocurrencies to open an account also trading them via mt4/mt5

https://fx-list.com/forex-brokers-bitcoin

Also, do your research(dig deep) and you'll find excellent brokers offering good spreads for cryptos
Quoting Ziko9o8
{quote} There exist tons of brokers out there accepting cryptocurrencies to open an account also trading them via mt4/mt5 https://fx-list.com/forex-brokers-bitcoin Also, do your research(dig deep) and you'll find excellent brokers offering good spreads for cryptos
i see 2000 leverage in that list. Is that for real?
Quoting pypete
{quote} i see 2000 leverage in that list. Is that for real?
If you saw it, then you saw it.

Demo trade any broker before opening an account with him.
Bitcoin is up $60 today on a low ATR of 2,873. Looks like there is no appetite to bring Bitcoin higher.
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Bitcoin went up $740 today with an average ATR of 3,223. At one time it was down $1,692 and at another time up $1,677.
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External fundamental factors have broken short-term bullish context for BTC, which means that it could go lower within nearest 1-2 weeks:

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The FPA technical analysis above was right on the mark since Bitcoin went down $3,146 today with a high ATR of 4,949 indicative of a significant down pressure as seen in the picture.
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btcusd.

now the best thing to sell.
and wait.
h1.
Quoting tiborf71
btcusd. now the best thing to sell. and wait. h1.
Better wait because Bitcoin spread are atrocious during the weekend eTory spread being $430 at this moment. Friday Bitcoin went up $1,976 erasing some of Thursday's loss.
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Bitcoin started the weekend on the right foot going up $1,671 today.
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Bitcoin went down $1,061 today but is up $610 for the weekend.
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FPA technical analysis: Although BTC shows some bearish signs on daily chart - price action is too slow to treat it as reversal. It means that market could make another swing up first. To control this we intend to use bullish pattern that is forming on 1H chart.

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This article is too long to be posted but here is the link if you are interested:

Bitcoin Fundamental Briefing, March 2021 (forexpeacearmy.com)
Bitcoin went up $2,598 today with an average ATR of 3,503. With only 3 red candles the movement was mainly upward.
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Bitcoin went up $428 today with an average ATR of 2,982 that was produced exclusively by the 2 longest red candles of the day.
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FPA current analysis:

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Bitcoin went down $185 with a very low ATR of 1,609. I guess the bulls were buying Easter bunnies for their kids
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