i'm not one to trade cryptocurrency, but i do analysis bitcoin from time to time, just to get a feel for it. I think i ma have found a possible sell opportunity. Bitcoin is looking like a sell to retest the previous high on the daily. and on the one hour, i see a descending triangle.... I wont be trading this but i will watch this closely to see how it plays...
Hello Friends , BTC is heading again toward a critical trend line that is showing down trend from the previous high of 2017, watch price action on the trend line and look for opportunity to go short. Leave the moon boys and trade what you see.
This could be the local top Probably retracement to the previous resistance before another big movement
Bitcoin looks like its failing to break the horizontal and descending broadening wedge resistance while making a double top on the RSI. Let's have a look if bitcoin get's a second chance, or if this parabolic FOMO rally is coming down to new lows in the coming months. Ideally, bitcoin would set a new low with a bullish divergence and rocket from there.
Price just fell below cloud on 15 minute. Higher time-frames look heavy. Price target 3% below. This is inline with our 3 day scenarios published an hour ago:
Forming a rising channel looks weak however Is this how you use this chart tool? The Triple Combo Wave? Am I doing it correctly? If anyone could explain it to me that would be great. Short for now
Bitcoin CME Futures for short
4 hour, 6 hour and 12 hour time-frames suggest price needs a bit of consolidation, before resuming the higher time-frame momentum of the 2 day, 3 day and weekly. We'll publish a high time-frame view as follow up.
Difficult to predict the next price trend. Positive signals with the hash ribbon alternate with the trends of indicators and oscillators. The various already failed breakthrough attacks and the horizontal phase increase the sense of mistrust towards a bull phase. With my analysis of Elliot I can hypothesize the formation of a final diagonal triangle on the 5th...
The truncation of the 5th wave of Elliott has been confirmed, signal of the interruption of the main trend. The price after going through the main dowtrend and various comeback attempts today and as expected has plummeted . The truncation and the exit from the main trend are very strong indications and in fact bitcoin is preparing for the passage of the ...
a Huge move is coming. bitcoin is breaking the key resistance level.
what happens with rising selling volume and increasing price? hmmm... google it.
To me this looks like the inevitable dump, bitcoin however is known for bucking the trend so its far from guaranteed, just everything in the world at the moment seems to be telling me to go short and yet bitcoin is still not dumping!?!?!? Watch todays youtube video for more information on this chart!
Bitcoin play for the week. Shorting to $6200. I have shorts stacked below 6650. Looking to play small position only. Looking for the big play. #BITCOIN $BITCOIN
Bitcoin looks ready for a correction. Major assets showing bearish signs First target 6250
As you can see here we are trading within a downwards channel and are nearing the top of it. I believe that we touch the 0.786 Fib retrace and then proceed to hit the bottom of the channel.
TIME TO SHORT - ICHIMOKU CLOUD - 1D I would like to point out and invite you to read the following article which will be of support to you for future analyzes. Thank you. Network hashrate and difficulty have been just as volatile as price over the past few months. The third block reward halving is less than 30 days away, which has the possibility of decreasing...