This is TA based on 4H. I see two path options for the price action. 1. The price will follow the path in purple colour. Provided that it breaks the upper descending resistance line in pink colour and then bounces off it (use 15M for this confirmation), then we have a formation of the local H&S in purple colour and the price is likely to go towards the green...
Based on the formation of the triangle it is plausible to expect the price to go to its resistance level in light red colour. The height of triangle's formation also supports the distance of the price action. Also, the last 3 candles including the one today on 12H show a local trend reversal, which also support current Long. Once the price reaches the green...
I see two possible scenarios for the price action on 15M: 1. Direct push to resistance levels - in the area with a green rectangle where all three trend lines cross. 2. Retreat to triangle's support line in red colour, bounce off and proceed to green rectangle area. Upon reaching green rectange go Short for the next few candles on 15M.
Yesterday's candle on 1D closed as a pin bar and RVI broke its resistance line and reached 50. Provided that RSI and MACD bounce off their support lines, then it it plausible to expect the price to follow its path as presented on my chart. This is a potential price action for a local correction that may take up to couple of days to complete. The green rectangle...
The last 2 weeks of flat had both bulls and bears sliced and diced. MM having a blast while deposits get liquidated. Where is the market heading to? The price did make its new ATM yesterday. MM got their SLs from shortists. This may seem like a continuation of a bullish trend no doubt. However, the price is at the top of an ascending wedge on 1D. RSI...
restianst lines and support lines. maybe new ath. just watasd asdeadadsdgdtgddddddddddddddddddddddd
Checking on how are bitcoin dominance is doing and we find something most wouldn't have expected, a breakout to the upside of this historically bearish pennant, but it may not be what it seems and i think this could be a fakeout scenario, we are currently breaking up above the 42.37% heavy resistance line and will be fast approaching the 42.62% heavy resistance...
As you all know i recently came out with a TA regarding the bullish divergence for BTC and we have since seen bitcoin make some nice moves to the upside starting our path to this trend reversal to an uptrend after a strong short term downtrend. We are currently facing some heavy resistance at 48K aprx as we expected, this level over the past year has been either...
As i talked about a couple times recently this hidden bullish divergence has really played out perfectly with us starting to see some upside momentum with us taking out 2 key resistances with ease! We are currently struggling to get up and above the midline coming from the bollinger bands but we are very close to doing so! I think there is definitely a chance we...
As we talked about this morning i thought a cooldown or retest was bound to happen but instead we got a flash crash which we have since significantly recovered from, took off the bollinger bands but if you check out the last TA and load new bars you will see that we actually have recovered all the way back up above the midline which is acting as support. Now we...
Found a hidden bearish divergence on the BTC 4HR timeframe and if you aren't familiar with divergences, regular ones signal a reversal and hidden signal a continuation, so what i am thinking is that this could lead into the much talked about possible pullback i have been mentioning. As you can see coming from our recent high we have been in a little bit of a...
Bitcoins moving within this bearish ascending wedge pattern and is also getting held up by some resistance levels. We are seeing a struggle to get above this 49.2K resistance level, we also notice the ichimoku cloud is getting a flip into bearish territory, we could see a pullback coming up soon here, especially if we get rejected off this level for our daily...
BTC has recently seen a lot of upswings with a couple little red days not really pulling back much, as you guys know i personally think we are due for a decent pullback before we really get going and im thinking we could possibly see this soon. We have lost bull momentum after failing to break above 50K we had multiple touches but couldn't seen to hold onto it and...
Looking at BTC again today after daily close and i was onto something when i mentioned earlier, about the bearish looking transition candle. Thought this sort of scenario was likely looking at how we couldn't break 50K and hardly the R2 resistance, Now we are seeing some support coming from February holding us up, it is really hard to say where i think BTC could...
BTC bulls are clearly loosing some strength and momentum here after failing to breakthrough the 50k level at the 0.2 FIB, we poked a wick above here slightly but it was not enough! we had a nice close yesterday with us slightly above the R2 resistance but couldn't keep the momentum going, now we are seeing a darth maul candle as i like to call it and aswell known...
Bitcoins continuing to push up towards 50K with another touch of the level last night, however we seem to be really struggling to get up and above the R2 resistance from the pivot points, we are currently a hair above this level but we will definitely have to watch this going into our daily close! If we don't get a close above 50K tonight or even tomorrow my...
Bitcoin has been pushing up very nice recently with us almost touching 50K, we didnt quite make it and we are getting held up by the R2 resistance level from the pivot points indicator. We are still looking very bullish especially on the upcoming weekly close same goes with our upcoming daily close. gonna be honest i would love to see a drop or pullback here to...
Bitcoins looking very bullish coming to our weekly close tomorrow, we are seeing a month long of higher highs each weekly candle and a very close push to 50K. I previously said in a TA awhile ago i think we would see a 50K BTC before we really see a decent pullback and i honestly switched my view because i didn't think it was going to playout but now we could be...