For me is going to be a major resistance and support level. If we see bitcoin break and close this line of resistance, it will have corrected itself from the panic and resumed its overall trend pattern. As the trend closes in on static support lines at , we see a chance for a trend reversal and price action to start moving up once belief that asset can move back up has been realised. Bitcoin Halving: New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was Every four years, this number is cut in half. The day the reward halves is called a "halving". Bitcoin is intimidating to be trying to short right now and what we have seen over the last week has been a pretty big capitulation spike from the bears. But the reality is, looking at Bitcoin’s macro, we had a capitulation from $20, to $3, and been stuck in a range below it ever since.
Tradingview btc usd coinbaseBitcoin RSI for COINBASE:BTCUSD by Crypto38 — TradingView
But this is what I had meant by forcing it. In the end it comes down to preference, however, that is what I found to be most accurate in my experience with EW. Providing individuals the ability to invest in verified bots created by professional traders.
PedBtc85 thanks for the comment! Very well compiled research to create a very sound trade idea. Do you take news into consideration by chance?
SunnyHillCapital I appreciate it! BTC bull market is confirmed? Downtrend still intact, but reversal hopes are getting stronger on higher timeframes.
Rumor of big news coming Coinbase listing? In this technical analysis I will build on my previous idea for XRP that had a too bullish outlook. XRP has the tendency to move upwards extremely fast and it felt like this could've been such moment. However, also taking into account the relatively low volatility for the entire cryptomarket at the moment combined with the fact that it's a Sunday actually should Predictions and analysis.
Videos only. Top authors: coinbase. XRP, the biggest opportunity in Q1, let's V pump back! Bitcoin Halving and Charting. ALGO Trend line breakout. BInance coin. Bitcoin Perpetual Swaps v Spot basis suggest overlev longs.