_______________________________________________________________________________________________________________________________________ Hello traders investors and community, there are some important things going on with BTCUSD the last days i want to talk about. Looking on the 4-hour chart we can see that BTCUSD is consolidating the last days above the psychological range of 10.000 USD, i am expecting a fall below that level to 8.900 to 9.000 USD. At this level is a support zone, i am expecting BTCUSD to consolidate in this range as you can see in the chart. This is also an important zone because we have to hold it to move higher, when we hold this level and form some bullish momentum toward the 11.000 USD range there is a change to continue the bullish trend with short squezzes happening in the range between 11.680 - 12480. _______________________________________________________________________________________________________________________________________ Otherwise when we cant hold the support at 8.900 to 9.000 this is critical for BTCUSD, as you can see in my chart there is a huge stop-loss zone, where if we break trough this level there is a high probability of falling back to 5.000 stopping people out of long positions and forming bearish momentum! _______________________________________________________________________________________________________________________________________ There is also an EMA crossover just about to happen the next time, you can see it in the chart, normally this is a bearish sign when the faster moving EMA crosses the slower. When it crosses down i see more evidence for a bear continuation, so watch out for this! _______________________________________________________________________________________________________________________________________ I would be cautios with opening a position here! When we confirmed further continuation there will be good opportunitys to enter the market wether it is up or down, patience is always necessary, always wait on confirmation and make your decision on rational based information! I see many people calling for the complete bottom or extreme bull market continuation to 1.000.000 USD, this is not rational analysis! _______________________________________________________________________________________________________________________________________ I hope everybody enjoyed watching! May all happiness and luck come to you! Feel free to give a follow or like to support my further analysis! _______________________________________________________________________________________________________________________________________
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BTCUSD is trading now in the blue channel, i expect a consolidation there as described.
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Bounce of the channel, waiting on further information.
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Consolidating in channel
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Formed support between 9100 - 9400 and is in wedge formation
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I am expecting a bullish move minimum to 11300
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Touched upper line of the channel
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Thanks for everybody who supports my work! You are the best!
Yeah, it broke out of the channel!!!
A Breakout from the 78.6% Fib resistance level on my chart.
Will the price hold up? Will price find support at the top level of your Channel?
If it does, it'll be so bullish.
Fingers crossed as we see a Golden Cross on H1.
I had similar question as yours on Yesterday, now it looks positive: