1) 9550 above
2) 9300 below
Support 9500 and Resistance 9350
Trade whenever you will the breakout. I think very soon we are going to get the maturity of BREAKOUT. I aways love to trade in Breakout.
You can share your LOVES with LIKES and COMMENT.
Trapped aggressive bears, absorption from bulls, will the history repeat once again? Chart says it all...
Loosing pivot point will invalidate the possible trade here. Wait for successful retest of pivot point before entering.
this is chart are idea example. as you know from me i share most time 2 ideas: the expectation idea and the chart idea.
---> this are Example chart idea.
as the title says, it won't be surprising if we go there. I have to keep checking the whale effect. and update soon with more details about expecting chart.
Have good time all.
BTC Daily analysis:
BTC is out of red cloud and is facing trendline resistance at current price. It happens to be at upper band of bollinger band.
It might take support at 8800 which is the trendline support, EMA 20 support as well as possible RSI support.
Actually all this barely matters if we consider upside trend, excitement about BTC halving, good volume...
Been a while since I took a look at $BCH but it seems that this one is currently one of the cleanest counts out there.
Here is are my short term and long term counts for #BCH.
Will we see a bull market until the second half of 2020?
As we've suggested upside bounce from 3/8 support was really great, and there was minor reverse H&S formed but it has not turned to real upside continuation, as price of BTC has dropped back to the level.
It makes us think that we would better to consider for long entry Agreement of AB-CD target and major 5/8 support at 6850-6900$ area.
Bitcoin weekly chart. There is a wedge with convergence, indicators are also overheated by the sale. Last week's candle was a reversal, which is a very good signal. I still leave the possibility of going to 6000, if so, then convergence should increase and create an even stronger impetus for growth. The 6000 range is very strong, a lot of trading was done on it....
My message to all of you: get some rest please. The price is crunching up towards 7400 (the 8/1 Gann fan line from the recent pivot high). Upon reaching this line, it shall attempt to break above it - in my experience, it most often breaks above and then rejects downwards. This is not a time for one to long or short.
THE BEST PLAY: a move above this 8/1 Gann fan...
Hello and good day to you dear traders!
First of all, Thank you for all the messages, for the feedback and the kind words.
I adjusted the microphone level, please let me know if this is better than before :-)
Today I want to share the CUP & HANDLE formation.
There are two patterns in this world which are existent.
1. The CONTINUATION pattern, which shows us...
See my previous idea also about btc, linked below.
If BTC is strong enough to break te downtrend this will be a possible way to do it. inverted h&s formation.
He could always make a double bottom and then go up. A tripple bottom is actually a inverted h&s.
Watch out, if it breaks the orange support line, 3k-4k prices are very likely.
Impressive precision so far. Of course it all means nothing and we'll go to zero anyway ... I'm long though; still thinking faces will be melt end of this year/early next one. Mostly stacking sats. But some longs you just gotta catch. I think we're very close to one of these.