At present, Bitcoin is consolidating just below 10,000 resistance and is gearing up for a moon shot to all time highs! Or is it? Let's take a look at some charts of the King of Crypto, Bitcoin. Infamous Swing High Over the evening Bitcoin reacted positively off a 9500 support, a level it broke out from a few days ago. If you follow me on twitter, I mentioned...
Trend/Range: As of today; we have two trends that you should be focusing on. One is the fib channel (red line), & the other is the black trend line which was support, but now acting as resistance. Ranging from 9300-9500. Scalping Strategy: To take advantage of today - try using the 30MA on low time frames such as the 15 minute & the 5 minute time frame. When we...
Though the RSI is determined by price action, we often see the RSI move in a direction before price. During the 2019 run up, both the price and RSI formed an ascending channel. 1. The RSI broke down first (white line) 2. Retested the channel (yellow line) 3. Continued its decline (red line). At this point, the price followed by falling out of the channel. Since...
Bitcoin rejecting 10k cause it to make a new low
My EW count has the top of the B wave at 9500. From there we will be dropping down and possibly making a new low at 7500!
BITCOIN SHORT PREDICTION + GREAT VALUE LEVELS 5k&4k FOR HODL BUY
We are now looking for the final crossover of the blue line on the hourly. We will look to add the final 25% their. We are breaking up our orders to reduce risk. When we start to cross the levels back down we will look for exits. The break above blue is a good bullish trend level. Check it out. ✌😁✌
Right step by step analysis for BTCUSD. Just an update from my previous post. If you yet to read that post please do so before reading this. Alright, so what we see now is a consolidation phase as predicted previously. I expect this consolidation to be wider in range as we can see price level within this resistance and support level do test the extreme before a...
As we can see, BTCUSD managed to climb up to 10000+ price level with an interesting bullish movement losing strength near that area. After which, we say a nice retest followed by a fall in price level from BTCUSD. So what I will be expecting now is a similar pattern arising for BTCUSD. Consolidation Phase for now followed by a weaker drop in price level to the...
Wide Range with borders of $1,100 and $8,100. Exit from these borders will mean the continuation of the movement. There is a variant of false breakage of 10 000$ (schematically drawn below, a couple more variants of movement). The fall stopped at the Fibonacci level of 0.23 (for me, the tip is that the next level of testing is 0.38 around $7000. I'm looking more...
BINANCE:BTCUSDTPERP BITSTAMP:BTCUSD COINBASE:BTCUSD
I know some traders might be frustrated. Lots of crypto investors are expecting and hoping for a big pump due to halving. However, i am not that optimistic. The chart i shared here is just my ideas. I'm not trading Bitcoin. I don't have any. I'm not saying it's not going to be $10K or $100K. Wht I'm saying is there's high probability for $8000. Feel free to...
Hi guys. please be careful and don't trust the news more. with my 10 years of experience. don't buy in green candle. when you see more good news at this time sell. Target of bitcoin is 10500$. Please support us : Like and follow
I expect a bulltrap around 10600. Keep an eye for short opportunity. Huge wage bull trap coming from 2017 break is the key for the long bullrun. Support are depicted as TD setups, daily MAs and Fib 0.618. BTC.D(MARKETCAP BTC DOMINANCE) above 73 will be a disaster for alts. Meanwhile CRYPTOCAP:OTHERS is on the rise(Market Cap of Alts except top 10). Before the...
SuperStoch exhausted pretty much on all TF's. IF we are still in range, I am expecting downside. Over the red line and we may see a bullish breakout. Risky trade due to halving fomo, but great RR ratio.
if bitcoin has to drop this is your best key entry, also keep in mind if we break the top of my golden box this will confirm to uptrend is started
Hey! Hope all is well, it has been a while. So investing. Not the time to jump in BTC. I'd wait. Possible targets for a safer entry is around $6K and below. Keep an eye out on possible moves that could be volatility due to halving and possible miners selling. Stay Safe.
Potential here to clear the remaining CME gap shown in red (11,695-11,795 from August) before we head down. It would make a great bull trap. Potential high of 12,400ish OR we just head down and ignore this gap given it has gone unclosed for so long anyway.