Bitcoin top has occurred and now bitcoin has two paths which it could follow
1) Yellow Path
Where bitcoin will go down to test 20000 level and then will go up a lot
2) Purple Path
bitcoin will do a little bit of correction from here for more upside
I personally think Yellow path is more likely to occur ; but you never know.. so lets see
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BTC/USD chart on coinbase doesn't look good. I would expecting a double bottom to form around 3.4k level or continuation to 1.7k. Defense is the best offense.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Red line indicates t/p.
This is a log chart.
This is not financial...
This is not a chart to be traded off of, extrapolating trends from such early, low volume, price action has many issues. I consider these lines to be an interesting observation. More trustworthy technical analysis techniques are to be used for any tradeable analysis.
Price
Bitcoin fell during last 20 hours to the 8650.0 level. The fell was produced by the three consecutive sell-offs every seven hours since yesterday afternoon. The fall has stopped at the 8650.0 price, major volumes lie at the 8750.0 rate which shows that there are buyers ready to buy these lows. 8650.0 level is the last borderline, the lowest price, of the...
Price
Today BTCUSD stays on the yesterday levels, holding above the 9250.0 level. Higher than yesterday peak of volumes talks in favor of further upward movement. Nonetheless, tight trading boundaries of the day shows that 9500.0 resistance will need a much higher volume to be penetrated. From the below, 9250.0 level should stay a support if we want to see soon...
Hello friends, Bitcoin didn’t waste any time confirming my previous analysis. Prices pushed pass $8400 and quickly rose, however the price action was no good and we quickly retested $8400.
This does not come as a big surprise as we know the 1week candles still show massive bearish pressure on the market, as well as the confirmation of the longer term down trend...
