Tag: Bitcoin speculation

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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How To Manage The Current Bitcoin Market To Avoid Huge Losses

The current economic climate may bring traders into what is known as the wild season. Bitcoin has broken free of all market constraints and has managed to fall drastically in value of the period of lesst than 1 week. Whilst many traders will stare in despair as their holdings dwindle in value some will go out and take advantage of the current panic. As weak hands flail in wake of …
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Is Bitcoin’s bear market coming to an end?

    We have seen a long a ruthless bear market in the past couple weeks, is it possible that the recent rally marks the shift in trends? Lets look at some charts shall we. The top chart on tradingview is holding a long position implying that the current rally is only temporary.   I have continued to maintain overall consolidation and bearish tone with conservative targets of retest of …
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