BTC short 74633.81 . 4Hbitcoin . We notice a support break followed by a pullback to the 0.618 Fibonacci retracement level. I believe the price is targeting a ( 0.618 extension = 1.618 retracement ) Fibonacci extension level." 74633.81
Cryptomoney
Full BTC/USD analysis
In the present analysis we will be able to observe with the golden trading system in different temporalities, the debts, projections and points of interest that the bitcoin cryptocurrency has in its history in the market.
ETH will hit 3000 soon, a confirmation?As can be seen,
1. ETH already broke out of a symmetrical triangle whose target is above 3k.
2. It's forming a semi-double bottom(W) pattern on the 1Day chart, you can refer to it from the links given below ETH next target 3000! .
Disclaimer: These are my observations only. No financial advice.
Feel free to speak out your ideas in the comments! Thanks
Bitcoin - Simple Actionable Technical AnalisysThis is a look at what BTC is doing in the 4H (4-hour timeframe) with the benefits of the entry points generated by longer timeframes such as the 3 day and 1 week. As you can see these are very, very dependable trendlines one minor violation of the green trendline and it will be a solid indication that we are going down some more. On the other hand, a violation of the red trendline and that will be an indication that we are testing the ground to see if there are buyers for an up move. We could easily go up to the edge of the red line and if rejected that is also an indication that we could be going down. Those 2 green X's indicate where BTC is likely to go. That is about as low as I am able to see BTC go, after that, I think we are headed north to around 15K. The upper X is at about the 50% FIBO retrace and the lower X is at the 61.8% FIBO retrace of the entire 2019 move and all you need to know is that most alts would have double bottomed at that point, which is why I had you get into NEO and LTC already. There could be a colossal fakeout and you would be left out.
This is the long term chart
THE TREND: Going down.
THE OUTLOOK: Unsafe to buy BTC but safe to enter and buy some alts, BTC will go down some more but it will allow you to get in cheap to good alts.
Be safe and follow me to stay ahead of the curve.
