First test of 06 February's bottom (6,000) with a 1D low yesterday at 6,125.7. The volume continues to grow (45.58K), indicating a sustainable (bearish) trend on the 1D Channel Down (RSI = 31.391, Highs/Lows = -635.4209) assuming 6,000 breaks. If not we expect 1 - 2 days of consolidation within or near the 6,000 - 6,432.4 1W support zone, before a first test at...
We are now trading within a descending wedge reversal pattern. We have pierced through the March low which is not a great sign, however a break to the upside of the descending wedge should take us to around 7400. We desperately need this to occur within the next 2 candles. Else we fall to the downside of the wedge then the next stop is around 6000 which is the Feb...
So, recently we broke down on the pennant everyone was watching. As you can see in the chart above, it might break out bullish. Time will tell
Welcome back to another Bitcoin Analysis! This upcoming week will be an important one for BTC as we are very likely heading for the 6,2k/6,4k price levels. We've seen insane support at those prices in the past BUT if 6,2k breaks, take a deep breath, sell your house and brace yourself as its not going to be pretty!! Anyhow, as always, if you follow our drawings...
A close of the candle under the descending triangle would confirm the bearish trend continuation.
Fall correction Mini long: Buy: 6747$ Stop: 6500$ Target: 7100$ Term 2-3 days
SHORT TRADE SHOULD BE FINISH, 6400 IS VERY STRONG....MARKETCAP IS UNDER 300.000.000.000 SO IS VERY EASY TO MANIPULATE
Congratulations if you are still using Tradingview and you are not in a market crash denial, and thank you for having supported my previous TA that might have sounded like a "Fud" or a "silly TA" for the crypto maniacs and youngsters in a bursting bubble denial, telling us Bitcoin was bottoming at 7.700$. As you can see, Btc started its process of panic sell-off,...
Bitcoin is back at the ~$6k ramen support level. If we are indeed in Wyckoff Accumulation, we should be expecting a Spring here soon. #PrayForSpring #PrayForBitcoin Taken from stockcharts.com : "Note: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign...
At the moment BTC price on the 15 min chart is above the consolidation box! The box has tested twice and bounced from there! Here are possible two scenarios - right now this triangle pattern works as a continuation pattern, if we break upwards then our next resistance area is @ $7000-$7200 but if the break happens downwards then we are again in the consolidation...
Welcome Back Apostles! It is always important to keep a bullish and bearish chart so you have a plan for either outcomes. Taking a look at the daily chart for BTC we can see a possible Descending Triangle forming. A descending triangle is marked with a horizontal bottom and lower highs inside a triangle pattern. The last couple days have been bloody for BTC...
Hi guys Take a look at this daily chart, as we have now smashed through that support level highlighted in the red dotted line we could now be onway down to 5-6k region. This would make sense with us completing a full TRIPLE correction (WXYXZ). This correction could take weeks/months to fully complete before we see anymore bull markets. The weekly has also...
an updated version, tried to make it as simple as possible. trading view sine waves aren't very accurate but it will give you the over all direction in which wave we are in, also i see a potential inverted H&S forming.
Our previous target set has been hit: 7,100 and 6,652 (previous 1W EMA50/ EMA100 cross). With yesterday's 1D candle battered down (STOCHRSI = 0.000, Williams = -91.780, CCI = -274.7620) following the breaking of the Rectangle's previous 5H support zone = 7,373.10 - 7,437.20, we now sit on a tight spot again awaiting a break-out confirmation. On 5H the sell...
Trying to estimate some time frames for this correction. I've added the major horizontal support lines.
Hello Lads and Ladies, Welcome to the fear games of BTCUSD. If you take a look at the chart without TA, you might think that it looking bad and BTCUSD is dumping hard. Applying proper TA to it, one is able to see very fast that this is the normal procedure of Bitcoin. Without long talks and crazy TA terms lets get to the point, everyone wants to know about....