Bitcoin - Intraday - We look to Sell at 33420 (stop at 34202)
Prices have reacted from 29300.
Trend line resistance is located at 33500.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Daily signals are bearish.
Trades with a bearish descending triangle formation.
The bias is to break to the downside.
Our profit targets will...
Bitcoin - Intraday - We look to Sell at 33420 (stop at 34202)
Daily signals are bearish.
Trades with a bearish descending triangle formation.
Trend line resistance is located at 33500.
Bespoke resistance is located at 33500.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 31116 and 30516...
BIg triangle, usually bearish sign. Price at resistance. Honestly if it doesn't clear the 200 EMA black line and hold for 2-3 days I am not comfortable going in heavy. Even if it breaks diagonal triangle line volume is shit and most likely another fake out. Bear market folks. Happy to be wrong.
BTCUSDT has been on a downtrend on the daily for a while now.
We broke down below the 50 MA on the daily wich means a very likely bear market.
Now we have pushed from the lows of 29K with a strong bounce off support, this area of support has been heavily battered with multiple touches since the drop from the ATH's
I believe this might prove to be a false...
After a schoolbook, Head and Shoulders chart pattern, BTC Bitcoin support level of 30-32K was broken by wicks down multiple times which is a bearish sign that could lead to a dip to the next major support level .
That`s why my first personal target is 24-25K usd per Bitcoin medium term price target.
I`m looking forward to read your opinion about it.
Further to our long video just a few minutes ago:
After yesterday's dramatic post (the drop was expected and it happened) and today being a NEW DAY with the news starting to become better:
Firstly, Yellen and the Americans 🤠 are 'Legalizing it, not criticizing it' because very simply the want to be the exchange in all this with their upcoming digital dollar...
Bitcoin - Intraday - We look to Sell a break of 30888 (stop at 31666)
Daily signals are bearish.
Posted a bearish Flag formation.
A break of 31000 is needed to confirm the outlook.
A break of bespoke support at 31000, and the move lower is already underway.
Daily pivot is at 28600.
Price action continued to range between key support & resistance (31000 -...
Bitcoin - Intraday - We look to Buy at 31108 (stop at 29989)
Dips continue to attract buyers.
We look to buy dips.
Daily pivot is at 30000.
Pivot support is at 31100.
Bullish divergence is expected to support prices.
Our profit targets will be 34155 and 34555
Resistance: 33000 / 34500 / 35500
Support: 32000 / 31500 / 31000
Bitcoin - Intraday - We look to Sell a break of 30888 (stop at 31666)
Daily signals are bearish.
We can see no technical reason for a change of trend.
Dips continue to attract buyers.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
The bias is to break to the downside.
Pivot support is at...
Idea for BTC
23.61 line is best and most appropriate line for a reversal
this will be the third touch of support on this line, and a great point for reversal
Coinciding with the curved trendline that has developed, it just makes sense
Resistance areas in red, green areas are support
~30K (29k if you are good)
