Happy Easter Traders!
Bitcoin has been in a weird, no trade zone for a while now without much action, but I suspect that's about to change.
Bear traps, bull traps, rising wedges, ascending triangles, bearish divs... WTF is Bitcoin planning here?
To be honest, I am not in a margin trade right now as Bitcoin isn't giving much of an edge at the moment and the...
It's easy to call it manipulation, but then you'd be ignoring all the technical analysis that told us we should be booking profit, hedging short, poor R:R at those levels and at weekly resistance.
If you want to play the game, the first rule is that there are no rules.
Whales will use their positions to create FOMO from retail traders and will sucker you in to...
Although BTC is going sideway in Rising Wedge, but you all can see that I draw a Red Arrow, just breakout a little from rising wedge. Once BTC reachs 4200$ level again, I think BTC will have a big correction.
First point to rebound : 3970$
Second point to rebound : 3775$
Of course, don't sell your Altcoins into USDT. That's a good time to use USDT part for buying...
Good evening guys, I can speak for sure that the zone that bitcoin is currently you definitely should not buy bitcoin.
We are tired of rising price, strong resistance and the main downtrend line to face.
Now it's time to wait in dollars and see how bitcoin will be on top of the resistance.
BTC is still in sideway with 5% amplitude. 3880$ is strong support again but if BTC reach 3880$ again, we will meet it at 3750$
Rating : Still safe to trade with Altcoins
Good morning everyone,
Here's a quick update on our thoughts about Bitcoin.
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Axsonex Team
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DISCLAIMER:
Axsonex are not registered financial advisors and no information we provide is intended as financial advice....
All is in the graph. SImple and without indicators.
In the past BTC got rejected many times at some determinantes prices (10k, 8.5k , 7.5k , 6.5k.. ) to follow his bearish trend.
Strongly Rejected by EMA200, EMA100 and EMA50 multiple times (Started in August) .
Today we clearly broke EMA50 and got a nice buying volume.
Next Step should be to broke EMA100 around...
In next 2-3 days, we will arrive in Warzone 3750-3900$. There are 2 cases :
- If BTC can get over this Warzone, I think BTC will have a bullrun to 5700$ in 1 week
- If BTC can't get over this Warzone, I think we will meet BTC at around 2550$ and BTC maybe rebound from there
In both cases, Altcoins would be not good to hold because I've already checked Altcoin...
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