#bitcoin ended the week with its highest weekly closing candle ever. The daily closed with a hammer. Today's candle triggered a new long. All of this on the heels of the ProShares bitcoin futures ETF, BITO, launching this week. The perfect storm to take BTC to new all-time highs.
Always use a stop loss when trading.
$BTC is trading inside an ascending parallel channel, that possible to act as a flag pattern. so a break and close above upper line will take price to $60k in short term.
but if price fall down and close below the lower line, the nearest support is around $51500.
Hello trading friends,
I hope you had a good weekend.
And this is the exact reason that we say most times don't see the weekend volume as real volume, because of stockmarkets enters and more reason what could give not right volume size trend.
✅We did add into our before updates when BTC hit the target of 46200 we will enter a new breakdown with time frame, and...
This is nothing special. No fancy indicators, not complex mathematical computations, no chart patterns, no fractals; - just simple 200 WMA and RSI.
I have my own hatred for being bearish please don't hate me because of it...
My view on #bitcoin non-religiously considering the simple facts.
Short-term we are going to be ranging between 200 DMA and 21 WMA, with strong rejection from 200 DMA sealing the faith of this dead-cat bounce.
From S&D perspective #bitcoin is now completing the rally-base-drop reversal pattern perfectly.
I will be saving all money I can to buy the 200 WMA.
Ethereum has formed a very narrow range just under $2556. We have support from below at $2454. This consolidation of volatility will almost certainly precede a breakout. If we break to the upside, we must still contend with $2651. If weakness persists and we break down, then $2400 will provide support, but there is a vacuum zone to lower levels after that to...
Hello to you all. Mars Signals team wishes you high profits at all times.
We are the mother of 4-hour time frame. According to the previous analysis, the price was able to reach its target after breaking the resistance line. Currently, the price is above the support line and as long as the price is above that line, we can call the trend bullish and it can touch...
If we are anywhere close to the previous Uptrend from January to April 2021, we may see $80,000+ come EOY.
It appears we've been in a large Consolidation phase which means we should see another Large Pullback before we get on another Bull Run too $60,000+. Then we would need to see if we can break through the upper resistance to create a new ATH, for that too...
After the range trading and taking our profits, moving stop losses and stacking sats (in private), we have once again hit one of our standing orders to buy at 31,000. Just like last time we have another one at 30,000 and at 29,000…TO THE MOOOOON!!!
If we are serious though. If you are trading, have stop losses with your standing orders and be careful. We know how...