Bitcoin 3824 bottom reached, next price 5750 BTC/USD price ratio
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Bitcoin clearly broke 4k resistant line.
My personal view on Bitcoin is that we have reached that bottom (in a manner of 3.824$).
As per equation made and having in mind that so far we had continual rebounds from 20k in a manner of LH each time during the downtrend, there was nothing else to expect than collision.
With a presumption we actually fell from 6550 to 3.824 we lost 42% of BItcoin US nominal value.
We had similar drop % in February uptrend when Bitcoin reached 11.7 (despite mathematical top was 11.2 peak) and then fell to 6000$. (49% nominal usd loss) followed by an uptrend to 10k$
Along with BTC, entire market colided and also deflated altcoin ratio over BTC.
Altcoins baselines are distupted and most of the coins are actualy very below there baselines.
Altcoins deflated times two/times three that Bitcoin it self.
As per FA and TA given we could conclude next :
- StochRSI is uptrending on daily graph and on slight drop on 4h chart.
-RSI is bellow why is actually compensation of previous unsustainable price push as trying to keep Bitcoin around 6650-6750.
-MACD crossover on weekly is promising.
-I do expect rebound to 5750 in a form of a bulltrap.
-Dump again.
-Uptrend to 6.250/6550.
-Dump again
Good luck
My personal view on Bitcoin is that we have reached that bottom (in a manner of 3.824$).
As per equation made and having in mind that so far we had continual rebounds from 20k in a manner of LH each time during the downtrend, there was nothing else to expect than collision.
With a presumption we actually fell from 6550 to 3.824 we lost 42% of BItcoin US nominal value.
We had similar drop % in February uptrend when Bitcoin reached 11.7 (despite mathematical top was 11.2 peak) and then fell to 6000$. (49% nominal usd loss) followed by an uptrend to 10k$
Along with BTC, entire market colided and also deflated altcoin ratio over BTC.
Altcoins baselines are distupted and most of the coins are actualy very below there baselines.
Altcoins deflated times two/times three that Bitcoin it self.
As per FA and TA given we could conclude next :
- StochRSI is uptrending on daily graph and on slight drop on 4h chart.
-RSI is bellow why is actually compensation of previous unsustainable price push as trying to keep Bitcoin around 6650-6750.
-MACD crossover on weekly is promising.
-I do expect rebound to 5750 in a form of a bulltrap.
-Dump again.
-Uptrend to 6.250/6550.
-Dump again
Good luck
Dagangan aktif
Any kind of constructive suggestions along with critics are more than welcome.Feel free you leave your comment regarding the situation on Bitcoin TA presented.
Your opinion does matter.
Dagangan aktif
What's ahead?Double bottom (as making lowest low in the cycle=3800$)
And there we go LONG.
Dagangan aktif
After confirmation of double bottom on same level as previous low strong uptrend is expected.So 3734 repetition, double bottom and uptrend.
Good luck guys (1 min remained).
Dagangan aktif
Double bottom on Bitcoin finished.Bitcoin pushed to the core in order to liquidate longs.
Now liquidating shorts.
And...there we go UP
Dagangan aktif
Uptrend in progress.Current price 4065USDT on Binance.
All people calling for 3.000$ or less/per BTC are now 33% behind.
Highly "credible" (with numerous followers) were calling for some " flipped the coin price directions" and fell behind (again).
BTC is bullish.
RSI confirms bullish momentum
StochRSI good.
MACD position weekly multycross.
Professional amateurs should not post 5-6 digit prices only to get upvotes.
It's called ethics, but they don't care, since it's not their money.
Good luck guys.
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