Bitcoin technical analysis

you only Sell ?

No. I do trade long, but there is a numerical sequence in the price that MM use for long term. That is what I use, the down is not done yet. All these ups and downs in between don't really matter to me. After X losing trades and distance I wait to initiate a recovery series that makes all my losses and a huge profit. It fails only 1/10 aprox.

Hi all.
Kind of a hard week and hard times at all and here i`m am again. Is all about Bitcoin lost or it`s just a healthy correction? Guess what… nothing is lost yet, not at all. Be sure that when something in the Bitcoin`s life change in negative direction i`ll admit it but that time isn`t come yet.
In the next 3 posts i`ll show you how nothing has changed in Bitcoin`s technicals (up to this date) after this week`s dip. This 3 charts will be daily, weekly and monthly.
I`m starting with the lowest and may be the less interesting chart – daily. In this chart we`ll see a couple of indicators – 50 MA, 200 MA, EMA Ribbon and the fibo levels. The price is still above the 50 MA and a bit lower from the 200 MA – not a 100% bullish but bullish after all. The more interesting is the interaction between both MA`s. As you`ll see from the chart we`re very close to so called Golden cross – very bullish. What about EMA ribbon? The price is not above it but it`s also not below it. The ribbon itself is not in a flipping position too. These 2 facts are also more bullish than bearish. Fibo levels you can use as support and resistance levels. If we fall way lower, I believe at least the golden pocket (from $38400 and $37600) will react as a strong support and we`ll bounce from there and this will be around $10000 higher than the previous low – positive for the actual bull run.
That`s it for now. Like I said above, this is not so interesting but the next (weekly) chart will be way more interesting and bullish.
See ya and remember… DCA (dollar cost average) all the way. It`s a marathon not a sprint.

Nice continuation of the uptrend that started at the end of Monday's session. Bitcoin went up $1,120 today with a low ATR of 2,053 with a high of $47,885 and a low of $46,356. It's encouraging when the low of the day is on the first candle.

Alright, back in the green for the week, out of recovery trades.

Bitcoin went down $802 today with a low ATR of 1,472 with a high of $48,458 and a low of $46,986. Please note that the low of the day was on the last candle so we can only hope that this will not be the beginning of a downtrend.

BTC

Scalping

BTC

Three hours of scalping .

Status update.

BTC

Scalping again for New York

BTC

End of scalping.

Tight movement.
Weekends

Bitcoin went down $160 today with a low ATR of 1,422 with a high of $48,118 and a low of $46,696.

LET US SEE WHAT WILL HAPPEN NEXT

The Bitcoin rescue team went to work today pushing up Bitcoin by $838.

Attachment g
Hey Guys, relative newcomer here. I was wondering if anyone sees a diamond reversal pattern on the 4hr and daily?

The Bitcoin rescue team took Sunday off so Bitcoin went down by $362. Bitcoin went up $476 this weekend.

Quoting tonyb123
{quote} No. I do trade long, but there is a numerical sequence in the price that MM use for long term. That is what I use, the down is not done yet. All these ups and downs in between don't really matter to me. After X losing trades and distance I wait to initiate a recovery series that makes all my losses and a huge profit. It fails only 1/10 aprox.

Worked out shorts.

Bitcoin moving into a Flat correction phase 3

Could see it at least down to 28k maybe lower

There is some good news , after this correction is over we should see a massive rally above 65k

Hi again all.
Like I told you last time, in 3 consecutive posts i`ll show you why nothing has changed in Bitcoin`s technicals (up to this date) and the bull run is not over yet at all. This time will be the weekly time frame so let`s go straight to the point.
First of all, there`s a lot of indicators in this charts. I don`t like to over use so much indicators but for the use of this post I must. In the left chart we`re seeing:
1. Blue dots – parabolic stop and reverse (PSAR). Very reliable indicator which is still showing bullish signals despite the last week big dip.
2. Yellow to red lines – EMA ribbons. And again, the price is still above it, bouncing from their top, and the ribbons aren`t flipping, despite the last week big dip. Bullish.
3. Green channel - Gaussian channel. Almost the same as the EMA ribbons and even better price action. The price is continuously above the channel, bouncing from it`s top, which is what…? Bullish.
4. The green/red line below the chart - Network Value to Transaction (NVT) and Historical Volatility (HV) combined indicator (NVT&HV). As long as we`re near to 40, there will be big volatility soon. Last week`s dip spiked HV to almost 56, but looks like it`s going back down. The color of the like is showing the potential way of the break. Green is bullish, red is bearish. What color it`s showing now? Green – Bullish.
In the right part of the charts we`re seeing:
1. A beautiful long-term upward channel. Like you`ll see every touch of the top of the channel is the cycle top. We`re we now? In the middle of the channel and the scenario can be exactly like 2013 and 2017 – a touch of the middle line, pull back and then a shot to the next ATH and the top of this channel. A conclusion from all this – bullish.
2. Below the long-term upward channel – Puell Multiple. Very simple – spikes are the tops but they must be over 5. Where it was at $64k price level – around 3,50. Where are we now – 1,24. A plus are the green and red vertical lines. What is the last line – green. Are there any red lines soon – no. A conclusion from all this – bullish.
That`s it for now. Like I said last time, the weekly chart is way more interesting and bullish than may be all the other ones. Next time – a monthly chart.
See ya and remember… DCA (dollar cost average) all the way. It`s a marathon not a sprint

Ok bullish still but not in straight line or unlimited time, to follow pa to stay as time tested!! Take care