Bitcoin (BTC/USD) is testing the Weekly Bull Channel resistance and potentially forming a triple-top reversal pattern. If the price fails to hold above $38,000, we could be looking at a pullback to the 4HR 200EMA at $34,500.
How do we trade this?
We're in a bull channel, which means our bias should be to the upside. With the price levels being near the Weekly...
Bitcoin Printed An 8H Reversal Pattern Yesterday And Daily reversal pattern Today.The signs are there for a huge reversal. Is it Real or Jebait ?
Thanks for watching
Bitcoins still struggling to break up to create a higher high and that may be due to the fact that we have a very obvious falling wedge pattern playing out, price action has respected both levels very strongly and we are seeing that currently with our daily candle getting what looks like a bounce off the top of the wedge. Now historically falling wedges have a...
Halloween is that period of the year when streets are full of ghosts and monsters. At a closer look, they are just kids asking for candies. If you look closely at the latest "spooky" Bitcoin's dip, you will find many bullish elements as well.
As anticipated, the market was looking for a retest of the first support area. During a retest, the magnitude of the...
Bitcoin has extended northwest but more so sideways than up. With B Wave extending to 1.38 of A, we can expect the all too common, Extended Flat to manifest in bearish fashion. The most common targets for C wave of an Extended Flat are 1.23 and 1.618 of Wave AB. These targets will take us down to the range of $38K - $30K; also the same level as the previous...
This is why we are seeing a pullback of the Altcoins... and it can continue!
We now have a daily bullish divergence on the RSI, MACD, CCI VWMacd and CMF.
Have a great Valentine day !
Trend line following our 10.5k run is perfectly in tune with us now. We had a 109% bull run! Lovely! Now... This is where things will begin flipping. Loaded my short just under 7600 from yesterday and still holding on to her. Might be holding this one long term. More side trades for short term scalps. Hope this gave some new prespectives. Happy Trading!
Greetings, Everyone !
Several dramatic decreases have happened recently. Bitcoin had been stable for a long time before Bitmain announced Antminer S15 and T15. Release of new miners in December will disturb equilibrium of supply and demand. Due to low level of network difficulty new devices will produce a high income level.
The market started to adjust price to...
BTC/USD is now back to Sep 17 level. The Bad News is this : I was correct, the dump was coming.
The good news is this. Bitcoin has hit rock bottom or is going to hit rock bottom for this year.
Yes, there might be potentially another dump in the coming days, or it might go into trend reversal straight away. But at such a price, BTC/USD cannot possibly go down...
Hey crypto traders! These are the structures and levels we should be watching for a reversal!. Do try and time the bottom, wait for confirmation! We need to be very careful since we are nearing the bottom of descending triangle , if we breakout with a daily close to the upside we could very well see a reversal! But on the other hand if we breakdown with a daily...
