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It's singling to the market high probability pullback may happen soon. Binance and OKEX are trying to frontrun the market by shorting earlier.
Market wont dump until most retail that is already short is not cleared out of the way. Likewise a chance of a leg up to wipe out degen short traders is We waited and waited and ended with no retrace after all. As I mentioned before, all the retraces and corrections for Bitcoin have been non-existent in the past few months There is no difference this time around. We continue with our next targets. Thanks a lot for reading. Disclaimer: These are not trading signals.
Trade at your own risk! It seems like it is currently forming a bullish flag consolidation pattern. Let's see if the price can pullback to test the level once more to complete the pattern.
A next leg higher is expected after the consolidation phase is done! Friends, the chart speaks for itself. We saw different patterns play out in the past. Each of them followed by a parabolic run, due to the deflationary nature of Bitcoin and probably a lot of Tether-printing combined with a weak dollar. Videos only. Simply a Brief Discussion to Provide an Announcement Elliot Waves Complete Guide Chapter 3. Bitcoin, Jumps Above Here's why. Bitcoin, No Retrace After All?
Keeping It Simple. BTC - Red pill or Blue pill. Bitcoin versus dollar take profit 30, stop loss 35, Show more ideas. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part.
Wall Street. More View more. Free Trading Guide. Get My Guide. Show technical chart Show simple chart Bitcoin chart by TradingView. The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis.
For Professional Traders Only. S2 S3 R1 R2 R3 Pivot Points P S1 Daily Classical Pivot Points. Last Updated: Jan 7, Where to Next? Real Time News. DailyFX Jan 7, Follow. However, a near-term pullback could be in the offing. JohnKicklighter Jan 6, Follow. Jan 7, Follow. Net Long. Net Short. Daily change in. Weekly change in. Economic Calendar.
F: K. P: R: K. Balance of Trade NOV. Exports NOV. Full calendar. Bitcoin further reading What is Bitcoin?