Possible rejection from all time high resistance back down to the lower trend line. Confluence at $4200 price level from the 0.382 fib line and trend.
Hey Guys, Due to the trading and exchange problems occurring in China (possibly due to their presidential elections next month), the market is facing lack the volume and strength. I feel the whale money is being taken out of market hence the chances of collision have increased. Recent EMA point, Low volume, and many other factors shows us BTC is not going for...
The graph starts early this year, so here we observe a very long sampling described by the EMA(50). Judging the high ATR and the staying of the RSI in the oversold position forms a very good recipe for an interesting week. Observe the pennant in the next week, if price crosses up that's the buy signal, place a stop order above the highest of the previous...
We are going to face with a .618 retracement in the major trend down to 3000 in 2 days. Remember what happened back in 7/16? Yeah, I hear what what you're saying. It's time to BUY at this dip level before we take off to the moon. Make sure you set stop loss if you get in any above .618 fibo r. level.
Well it bounced. At this point I cannot predict if it will. I do know that these 4 points are going to be potential pivot/lagging points that will give enough time to consider entering a position.
After breaking new highs we have pulled back. I have drawn a new buy zone. A 50% retrace from the HIGH of the first 50% pullback that supported in this trend. In a heavily trending market like this you frequently get highs-highs 50% retraces instead of the more traditional lows-to-highs 50% retraces. Daily timeframe target remains the $3200 area. FOMO top at...
I think a lot will depend on the news in the following days. The sentiment is still very positive. No major event rocked the market, it was really just overbought and it needed the relief. Correction was imminent. The question is if the run is over? I don't think so.... I have bet with 70% probability that it isn't yet...
With good news considering the ETF opening, it can be good to try a long.
1) There is bearish RSI Divergence that seems ready to be broken. On a longer time perspective RSI is trending up (Red line) 2) Price closed above the channel but closed inside the pitchfork on this occassion www.tradingview.com 3) From the Dec-Jan High-Bottom, the Fib extension first hit 1.272 and pulled back to 0.382 and now we are spot on 1.618. 4) The 150 D...
Maybe last short before BTC and other legit cryptos to the moon ?
I'm very much bull on bitcoin right now - not only from a technical standpoint, but also the fundamental standpoint. Strictly from the technical standpoint bitcoin is crossing above the 9 day MA and she's been hugging the 50 day MA pretty well (squiggly pink line) - The straight blue line is the long term uptrend I've been tracking since last year, so I feel it's...
if we stay in this channel for the 6 years this is how things might look.... highly speculative chart.....
As usual, beware downward breakout, especially considering the news and the ethereum stelaing the hype lol, but bitcoin will always remain bitcoin, should have a place in a trading portfolio. The double bottom is pretty nice, I think it just want to confirm the 1000 cap, as for the target, once again how long can you wait before closing position, if you can wait...
Bitcoin had a pullback and I see a good setup with a bullish engulfing bar. I also get a signal with my Buy Sell indicator which works very well with candle patterns
Please do not trade this without your own TA. I hope that this can help with target pricing :> Forecast is made using simple S/R and measures. I have yet to explore the possible downside of this , so I will confess that this is very bias.
Short where you want, long where you like to. Last down move could be coming. Shorts may work out. However, if you've followed my previous chart which had shown all the possible role reversing level ( Resistance into support ) We've just touched the line and going back up again. I've known some traders bought in at the 1000s Level and you might want to hold even...
BTC is lil weird to trade right with the ETF news. But here's the plan : a short before breaking the bull flag. I wanted to make this shorting 2 hours ago, anyway, now I'll wait for the long entry :) If you venture into the shorting, no need to remind you to watch out for upward breakout, in which case, long all the way ! Good trading lads.
Bitcoin broke the A-wave selloff level, signalling that we aren't done with higher prices quite yet. However, volume is peeling off and we are still trading the RED band, meaning that the sell-side cant be ruled out quite yet.