Author: baller trader

The Weekly Bitcoin Breakdown for 5/11

What’s up traders, It’s another Monday, so we got another weekly forecast for ya’ll. Let’s start of with our key 242 level from Last Week’s Bitcoin Forecast. When we look at this key level, we see that at first, it provided resistance, as we talked about last week. After a short retracement, the bulls came back even stronger and blew out that level. Since then, bitcoin has been making higher …
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The Weekly Bitcoin Break Down for 5/4

Well, it is the start of May, GBTC just started trading, and bitcoin is looking good. The goal of these articles is going to be to offer up various scenarios and key levels that a trader may face during this week. So let’s get into it… There is some exciting development on the weekly chart for bitcoin. Price has come down into that 61.8% fib level and has put in …
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Bitcoin Trading: Price Analysis for 4/22

What’s up traders, Back again with the daily bitcoin price run down. Currently, we are still taking a breather from that huge surge up on 4/20. Let’s get into the charts 228-229 is a key level for bitcoin. It is both the 50% fib retracement and the location of a significant previous swing high. Once that swing high which was resistance is broken, it becomes a level of support. It …
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Bitcoin Trading: Price Analysis for 4/21

Sup trading brahs, Bitcoin did infact get high for 4/20. That was exciting. Now, we gotta see if we will enter a sluggish hangover phase or continue to the moon. To recap yesterday’s ideas: We noted the ascending wedge forming in bitcoin which usually means that buyers are coming in a buying the dips harder and harder as price approaches a resistance level. Usually, this leads to a huge break …
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