petpexel

petpexel Updated 

BTC is trading at 8800$ which has recently leaved the middle line of bolinger bond and struggling to tag the upper line of bolinger bond in daily time frame. MACD is going going to cross above the center line which indicates that still bulls are strong enough to push the price up more. In Ichimoku strategy, Conversion line is going to cross the base line another...

petpexel Updated 

hello trader, BTC in 4h time frame is very powerful as smart moneys placed buying order at 8003$ and this cause rises in prices. this matter has been confirmed in longer daily time frame, also MACD histogram starts sloping up from below of reference line, it is also indicated in DI indicator which 14 day DI+ continue to crossing over DI- and ADX. Therefore, we...

petpexel

Hello traders Right now, BTC is 7965$ and heading downward in weekly timeframe as MACD histogram is sloping down. Also, ADX is crossing over DI+ to be placed above both DI lines which means the market is overheated and the trend is ready to be stumbled. However, in daily time frame, the story is different where bulls are dominating the market and starting to buy...

petpexel

BTC shows strong bearish divergence in elder ray force index which shows that bears are getting control of the market. wait for decline to strong fibu level at 6500 which is accompanying with strong support level. then look for best entry at this level for most reward / risk ratio

petpexel

look at bearish divergence in MACD and RSI which means bulls are running out of steam and trend is ready for reversal. However, in weekly time frame MACD histogram made new high accompanying with new high in price. mixing the two points we know that we have temporary decline to supporting level then ready for another rally in bullish trend