BTCEUR - Into Bear Flag, Previsione for a Short Position from 7.150 EUR to 6.080 EUR, (-14,56%) BTC comes out of a very marked flag of about 73 days. The output, about the movement that took place later, clearly defined a FLAG POLE and a fairly marked BEAR FLAG is emerging which is now 26 days. By performing the FIBONACCI tracing on the flag pole and reporting...
"History repeats itself", as they say - especially in the case of a market as predictable, albeit volatile, as Bitcoin. During the recent parabolic move in Bitcoin, most indicators have been screaming overbought and calling for a selloff. Despite these warnings, BTC has continued to move higher leaving most people scratching their heads and saying that technical...
Here are the NEW rules 1. We only use Weekly chart for buy and sell signals BUY: Weekly candle must be above the 20MA Stochastic RSI upward but not above 80 MACD at least 3 histogram bars in a reverse swing buyers momentum if all rules are met buy on the week start Sell: Sell 50% if Stochastic RSI has been above 80 and drops below - sell into the 2nd...
in long term trend line it is getting support around $3500 - $3600 , It tested it 3 times in last one month, Tried to break but bounced back if it holds here then we can see quick bounce back if not then we can se downfall to $100 to $200 more from here & we can see it to $3400 - $3200 Again $3750, it is facing resistance in long term trend line , tried to break...
In this we tried to find out Bitcoin double bottom and what will be the major resistance & support and what will be the point of trend reversal.
From the chart, the 61.8% fibonacci level on the downtrend has been acting as the major resistant for bitcoin for the entire year so far. The next 61.8% fibonacci level will be at 6910 which is just around the current downtrend trendline, breaking this resistant could signal a major uptrend move. Currently strong support at 6000 USD so watch out for the entry...
Daily candle printed an inverse hammer which is a bullish candle. Could be the start of a reversal back up, to test the upper overall trend line.
Bitcoin has shown some strength in the recent days, but it also has no reason to go up, except for a Short Squeeze. Why wouldn't I call it a reversal yet? Cuz we still need to cross previous resistances (as high as 10k) to say we're in bullish territories. Also, the strength if the green candles is quickly sizzling off, and the bears are probably just resting for...