On the Daily chart, this is the potential long setup I mentioned in my Telegram group yesterday. If $8,200 is broken which is not yet confirmed, but looks likely, then this long trade may become active. The cryptocurrency market has been very volatile over the months of April and May so this is why I am staying on the Daily chart as opposed to the H4 as well as...
BTC has over the past few days had some major STOP HUNTS on all the major exchanges taking out many margin traders, but if you have managed to survive the carnage and are still LONG... BTC is going to make yet another attempt at the 10K Target...
BUT... this attempt will only see $9444 before a deeper correction, and then a 10k attempt. So if you...
All of the info is in the chart.
as long as we are in this range i am not looking to long or short bitcoin.
If it manages to trade/close under that orderblock i will be looking to short it aggressively. Not long term just a scalp/daytrade.
If it trades above the red line ill be looking for a long daytrade but i would want some more confirmation when we trade above it.
Bitcon is clearly in bull mode at the moment of writting of this article.
Previous TA regarding BTC contained conservative approach as having 5800 and 6400 as targets, so. not levels to be breached that easy.
Anyways, we had solid push even through every mathematical level (5750, 6380, 6750, 7250).
That is called spoofing walls and can be done only with big...
The price of bitcoin has grown. We did not wait for the correction in the previously designated area.
However, judging by the nature of the movement, digital gold can be expected to drop sharply in the near future.
We believe that wave 4 correction model is not complete.
As before, profitable levels for purchases are below market prices at marked levels.
BTCUSD has steadied itself at the bottom of its trend channel and is making a move to the midline. We see two potential scenarios:
1. BTC retraces to the top of the trend channel (Targets of 5600/5800 USD)
2. BTC bounces off the midline and falls through the bottom of the channel bouncing off a weak upward trendline at 4350 before hitting its strong support...
Hey fellow traders!
Looking at XBTUSD from a 4H chart, we can see a basic support trend line that has been tapped a few times over the past month.
Right now, this support trend line is being tested as a resistance level. This could be a make or break scenario for XBTUSD.
If we do break this strong resistance level that is currently not allowing XBTUSD to climb...
Hi fellow traders!
We have recently seen BTCUSD rally over the past couple of days after breaking out of a consolidation zone. This has led to a rally of BTC approaching around $5500 USD at its peak.
Looking at BTC now on a weekly time frame, a doji star has been printed - to be specific, an enormous evening doji star (highlighted in green).
This is a sign of...