Same price action, broke the parallel channel, went above the 20 weekly ema, then drop below it, about -36% all the way down to the 200 weekly, The RSI is hitting the same resistance levels, and the stoch rsi is all the way to the top, same setup.
Look like BTC is forming a Rising Wedge inside a Pink bearish channel. If BTC follows this case, we will have some safe days ahead
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...
Formed a local wedge Globally formed descending triangle
Time to short based on fractal. Many more buy in oppurtunities coming
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.
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...
On the edge of the cliff, strong resistance on the downtrend line bye bye bitcoin =(
About to hit major resistance again. Short to bottom of blue symmetrical triangle.
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. Hope you enjoy the video. Like, comment and follow us if you find this helpful, we really appreciate it! Axsonex Team ------------------------------------------ DISCLAIMER: Axsonex are not registered financial advisors and no information we provide is intended as financial...
Small volumes The test of the resistance zone with the subsequent care down
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...
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...
Show me the chart i'll tell you the news. move Bitcoin is positive until now so we need correction. back to touch 4000$ 3900$. and continue bull market. what's the next news? if we're see the chart and we need close up EMA 100. with bullish engulfing on weekly. next week Good news coming. mybe ( ETfs or nasdaq or something like remember that ) Next target is 4890$...