Falling wedge pattern, right? Usually if the chart make a falling wedge pattern the signal that will get is the increasing price movement.
More than that, the last candle stick that will be formed will be green and it is enough to believe that the price will goes up. That is just technical analyst, you may need to compare with the fundamental factor.
Topic: Bullish or Bearish? - page 3. (Read 492 times)
It’s a daily chart spanning around 6 months or so.
It's upside down (flipped vertically).
Its good to analyze the price trend of Bitcoin so you can know what to do next, use the indicators to satisfy your chart analysis and do the necessary move that you have to do, either to buy or to sell, that’s your call.
We’ve been cooling off for a significant period now, I think a big move up is coming soon. We had an ATH at $64,000, we dumped hard but found support. We are in a consolidation phase, a breakout is coming soon.
And I’m not asking for a thorough analysis guys.. Just what you think when you look at the chart. Thanks.
Right now it looks like it has taken a loooong break and we do not know if it will go up or down from here, if you are not sure if it can go up from here, that means it is not bearish. We can call it "not bullish" and that would be perfect for it, but honestly it is not alright to call it bearish just yet to me.
I’m not really sure where to start the thread but I guess the BTC specuation section is as good as any. Anyway... I really need your honest opinion guys.. Thanks.
In 10 years I can save hopefully another 20-30 thousand dollars, and if that money somehow does x5 as well, that will be a good base amount of money to retire, having 100-150k dollars to retire is a good amount of money for me and it will allow me to have fun rest of my life.
Based up on that chart above then its really hard to tell if there would be some reversal.I dont know on what timeframe is this because when making out some
charting or indicators then i do always look for bias between timeframes where i can draw out my own indicators and make out proper analysis with that.
For now the price is hovering and playing around 55k or 56k and moving sideways after that sudden drop.Based on my observation that this is the
solid support that we do have now, for those who can take risk on buying out then this will be a good time to do so.
charting or indicators then i do always look for bias between timeframes where i can draw out my own indicators and make out proper analysis with that.
For now the price is hovering and playing around 55k or 56k and moving sideways after that sudden drop.Based on my observation that this is the
solid support that we do have now, for those who can take risk on buying out then this will be a good time to do so.
^ I’m talking about the chart I showed. And yes, it’s some sort of test just to see what you guys think.
What is that chart you showed? Lat 3 days hourly? Who cares about a day or two in an uptrend that takes months to unfold?
Do you know what this is? Do you think the chart is bullish or bearish in this picture?
You'll probably say bearish because every day the price is lower.
This is hourly chart showing April 6 to April 9, a few days before we reached new ATH.
It’s a daily chart spanning around 6 months or so.
It's upside down (flipped vertically).
^ I’m talking about the chart I showed. And yes, it’s some sort of test just to see what you guys think.
It’s a daily chart spanning around 6 months or so. Just by the looks of it... Does it look like the trend going down is starting to slow down a bit or do you think there’s more coming?
I see 5 peeps voted that it’s bullish. Post why guys.
I’m not asking for a thorough analysis guys.. Just what you think when you look at the chart.
This chart is missing both price levels and time and more importantly time duration of each candle; overall by looking into the chart anyone will conclude it is a bearish trend.It’s a daily chart spanning around 6 months or so. Just by the looks of it... Does it look like the trend going down is starting to slow down a bit or do you think there’s more coming?
I see 5 peeps voted that it’s bullish. Post why guys.
I feel like it’s starting to come around and start going on an uptrend after going down for a couple of months or so.
What are you talking about?
Bitcoin has hit a new ATH every month this year.
There's no reason for that to stop now.
Start an uptrend?
And I’m not asking for a thorough analysis guys.. Just what you think when you look at the chart. Thanks.
I’m not asking for a thorough analysis guys.. Just what you think when you look at the chart.
This chart is missing both price levels and time and more importantly time duration of each candle; overall by looking into the chart anyone will conclude it is a bearish trend.Is this bitcoin chart? Lol finally I got doubts on that as well. (Just made sure, today is 20 days past for such try).
When the previous high price levels are yet to be broken, any short tern rise up cannot be considered as trend reversal so bitcoin is falling down from ATH of $62k along with few pull backs periodically.
^ I’m talking about the chart I posted. I feel like it’s starting to come around and start going on an uptrend after going down for a couple of months or so.
And I’m not asking for a thorough analysis guys.. Just what you think when you look at the chart. Thanks.
And I’m not asking for a thorough analysis guys.. Just what you think when you look at the chart. Thanks.
I still think that we are in a bullish phase, just unfortunate that there are a lot of negative news plus FUD in the last week that pulled the price to nearly $50k again. But since everything has settled down, this is another period of accumulation and or sideways tradings.
Definitely, the bears doesn't have the control of the market, the bulls might just be resting or at least the herd. I'm expecting that we can jump to $60k again.
Definitely, the bears doesn't have the control of the market, the bulls might just be resting or at least the herd. I'm expecting that we can jump to $60k again.
I’m not really sure where to start the thread but I guess the BTC specuation section is as good as any. Anyway... I really need your honest opinion guys.. Thanks.
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