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Bitcoin graphique 2018BTCUSD — Bitcoin Chart and Price — TradingView
From a TA perspective it seems hardly sustainable to see the price of BTC grow as much as it has this recent time Hello Traders. Welcome to Chapter 3, where we talk about corrective waves.
In chapter 3. The zig zag wave is one of the common of patterns in corrective Elliot Waves. Many of us see this on a daily basis, but did you know that there was a meaning behind all of the fluctuations in the price action?
Chapter 3 Glossary: 3. Our updated chart on Bitcoin. Momentum looks positive. We might experience a small dip before a much bigger rise As we can see, the price began to grow rapidly again. Note that two new and important zones have appeared - a resistance zone and a support zone. The price often broke through the support zone, but the price pushed away from the resistance zone and headed down. For today's idea, this is a good hint of where the price will go 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.
Price action isn't a straight line : pic. But while bullish fatigue can result in notable pullbacks, the overall long-term trend for bitcoin price remains on an upward trajectory. In fact, it is quite common for bitcoin bull-runs to experience 10 to 30 percent drops amid a parabolic rise. Using as an example, there were no less than eight of such temporary price retracements.
Most consumers can't handle that type of PP vol. There are many factors that contribute to these retracements — profit scalping at certain price levels, value compression to create new entry points , etc.
The steep parabola created by such a sharp spike alone was ominous to experienced traders of a looming market correction but that hardly signals the end of long-term bullish advance.
Do you agree with the assertion that bitcoin has never been in a bear market? Let us know in the comments below. Could you be next big winner? I consent to my submitted data being collected and stored.
If you look at btc. D either reversal alts loose steem or continuation down alts gain momentum What do you think?
If BTC. D start move down and Bitcoin sustain on actual price or start to grow, we can see nice grow in some altcoins Algo start pump :D. We Need This! Looks like this bearish scenario from a previous idea is still in play albeit with a different potential measured target. Broke previous high but is currently reversing. Looks like a double-top reversal in the making to me. We all know the routine here. Neckline is key support for the BTC dominance bulls.