Tradingview Bitcoin longs is a decentralized digital currency without a central bank or single administrator that give the axe make up unsent from person to user on the peer-to-peer bitcoin network without the status for intermediaries. Transactions are verified by meshwork nodes through cryptography and recorded in a public distributed book of. Bitcoin has been a high-risk high aftermath cutis until straight off. Started halogen mere small indefinite amount cents and now Bitcoin is worth more than $12, Tradingview Bitcoin longs should be part of everyone’s portfolio under high-risk, high reward investment. Jun 27, · I thought it was time to make a longterm chart, with all these wrong charts going around, hehe. They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart. I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue to grow exponentially.
Bitcoin longs tradingviewBTCUSDLONGS Charts and Quotes — TradingView
If you like the idea, do not forget to support with a like and follow. This Christmas pattern is just for fun but at the same time may be relevant to the current situation. Hi, Welcome to this analysis about Bitcoin, we are looking at the minute timeframe perspective. Since Bitcoin formed this significant bull-trap yesterday after moving above the level and pulling back to previous zones with an emerging impulse it is forming an interesting formation now that will be the determining source within the upcoming times, This is a quick short-term update on Bitcoin.
The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts. This is causing BTC to consolidate within a Triangle. Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous In this scenario, Bitcoin may have topped for the year.
What do yall think? Let me know how likely it is for Bitcoin to hit this kind of price action Happy Holidays!!!
Hello everyone In my previous analysis even though I am bearish in bigger picture.. However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle..
Price broken triangle but need to close above green line and same time Green line need to hold as support.. However XRP should stop dumping hard now, the news made it through the whole world, everybody who had to panic panicked already. Technically we are seeing a diamond on BTC which is a bearish Yesterday BTC aims towards local support orange line. After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target.
If we close above , we can expect The infamous "Then they fight you" phase started! Merry Christmas. Bitcoin longs can decrease even more and send price through 10k mark. If you love the video, please press like or leave a comment below to support our work. Thank you GH. Let's see if a EMA is a support strong enough to make it bounce back up.
MACD looks bullish even if it took him long time to get to this point. RSI is really low which is another bullish indicator. BTC price is getting lower. I wouldn't be suprised to see a wall of orders at 10k and which is target we have to reach before BTC can get up in price.
Hello, incredible to see how the lines I drawed months maybe a year ago acted as resistance and hopefully will act as support now. We are in the area separating the bull fro the bear market so, if it is the case, we will see a second up leg in the longs, meaning that BTC will go up. This is also in line with the indication of my "secret indicator" next idea. Hello, BTC Longs back above 30k units on Bitfinex which, considering the bleeding of BTC withdrawn exhange have been experiencing after Covid, is even a more positive signal than it was few months ago.
As the title says Longs got low. We've seen them rally when they get this low. MADC shows the first signs of changing direction. RSI is at its lowest oversold moment. Let's see Last time the total of positions in the market both long and short,with just bitfinex considered was that low was July '19 and btc started its decline from 13k to 6. True that thera has been a serious outflow of btcs from exchanges in the last quarter and the data can be affected by that, but still the value is really low wouldhave Its level is excluding hodlers that are long by definitions and do not trade the trend meaning that for each long position there is 1 short.