Trend Line Touch Could Send Bitcoin On A Tear
Popular Bitcoin model Stock-to-Flow (S2F) shows BTC has touched a trend line that has historically sent the crypto flying. Bitcoin Touches S2F Deflection Trend Line As pointed out by a crypto analyst on Twitter, BTC seems to have just touched a lower S2F deflection trend line. The S2F or Stock-to-flow Bitcoin model helps in predicting the price of BTC. The method has proved to be remarkably accurate so far, besides a few points of deviation. S2F model is based on the ratio between the stock (supply) and the flow (annual production). The model can be applied to any asset, not just BTC. A....
Related News
Bitcoin price is currently flirting with a downward trend line that thus far has capped off any further upside. It is also what led to the sizable drop and historic quarterly close. Because all eyes are likely on this major trend line preventing the top cryptocurrency from further new highs, any reaction at this level should be especially notable. Here is a closer look at the trend line and what might happen when it ultimately breaks. One Line Could Prevent Bitcoin Price From New All-Time Highs As this article gets typed, the urgency to hit publish is increasing, as Bitcoin price is making....
Bitcoin price continued soaring yesterday to print a high of around $299. The price has been increasing along the new rising trend line we spotted during Sunday's analysis. It seems that we will see bitcoin price exceed $300 within the next 24 hours, especially if the trading volume remains as high as it has been during the past 24 hours. By examining the 1 hour bitfinex (BTC/USD) chart from tradingview.com and plotting the 20, 50 and 100 period EMAs accordingly (look at the below chart), we can conclude the following: Since the beginning of March, bitcoin price has been rising along a new....
Today, Bitcoin price sank below $40,000 for the first time since September – a price more than 50% lower than what the market was anticipating this time of year. While the downside has been impossible to ignore, the latest sweep of lows has resulted in a touch of a trend line dating back to the bear market bottom that could keep the bull market intact a bit longer. Technical Analysis And Framing The Importance Of Trend Lines When it comes to technical analysis in Bitcoin, trend lines always matter. When such lines hold, it is a sign to the market that it is time to reverse. When they give....
Bitcoin Price Key Highlights. Bitcoin price is still on the decline, with the corrective wave from the previous price rally not yet completed. A rising trend line can be drawn connecting the recent lows of bitcoin price action since the start of this year. Bitcoin price might make it all the way down to test the long-term rising trend line support before showing a bounce or resuming its climb. Dynamic Support at SMAs. The rising trend line could serve as the line in the sand for any corrective moves off the long-term uptrend, as a break below this level could send bitcoin price in a free....
Bitcoin price has been on a tear and more bulls look ready to charge after this pullback to the nearby support. Bitcoin Price Key Highlights. Bitcoin price continues to trend higher, moving above an ascending trend line connecting the latest lows on the 1-hour time frame. Price just broke past the resistance at $607 then rallied up to $616 before showing signs of a correction. Price could retreat until the broken resistance, which is close to the rising trend line support. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on the 1-hour time frame, which means that....