Before BTC can take a dumpy dumpy . . OBV is still in a down-trend from previous tests of the 11,600~ USD levels. BTC is well below VWAP and looking for a short-term support level before previous support on the move up become resistance levels. The Giraffe pattern is a long-forgotten tactic, used by prehistoric 'chartists'. The Giraffe pattern was once spotted...
It has a good support and 0.00006, we can but buy order from these point For Long Term
- Head and shoulders pattern developing - Short on close under neckline - Set stop above neckline - Take some profits at fib
Here are two clear channels that BTC could follow - be cautious and set your stop losses.
I believe we are in a descending channel and still need to test the lower trendline in said channel. Right now we are stuck in no mans land but I do believe the longer we put off a retest of lower trend line the worse off we will be. Let us get it over with and then we can bounce and move up with volume and out of channel. As I stated in a previous chart breaking...
ive done my research. Parabolic movements go down 85-95% from ATH. BTC is likely to hit the 85% mark so that would be 3k usd. Which is very possible. Looking at past examples of parabolic movements of BTC in 2014, 2011. BTC did have 85% retraction from ATH. The bull trap shown in the chart is there on every year Bitcoin has gone parabolic. Good luck yall
Here is a possibility of inverted H&S for BTC. What we want to see is a strong volume on right shoulder break out. I dont see it still there, but RSI is extremely oversold so little rest is needed for now. And may be after we push through our swing high resistance that will cause some fomo and we can see enough volume to confirm this pattern. 7753 is a strong...
- We have 2 supports here meeting, big horizontal and bear trend support - If they meet we could see a big bounce to the bear trend resistance and breaking 200 EMA on the way
- Looking at the 2 Supports, Major Horizontal and Bear Trend Support - If it comes down to where these two supports meet, we could see a massive bounce, breaking the 200 EMA and testing the Bear Trend Resistance - Time to re-evaluate then and see how it's behaving at the resistance - Bullish very long-term - Bearish for the next 6 months
Stuff stuff stuff, words words words. Nothing else to see here.
What's up everyone, bitcoin is currently on the downtrend on it's last volume day of the week. The move might continue during the week end but if it does its gonna be with very small volume. The question now is are we going to double bottom at $7240 or keep going down? Well if we follow the general direction of the market we should be making a new low. The thing...
Hey guys (and girls!?), Becky here for another TA. This time we're looking at Ethereum. Ethereum will follow BTC movement in my opinion. It pretty much always does. The next support level is at $400. Which makes it a rather safe shorting bet. As always, move your stop loss as the price goes in the direction you've anticipated to lock in profit! Refer to the...
We have found support on the trendline. With CME futures cash settlement in combination with this support this may go to the MOON! Are you guys ready to see the king fly again? Lets open long and ride the green candles! :D
We have the big longterm triangle that we are ranging in since the fall in december. We can also see 2 support trendlines that have held strongly before. Last days we observed that the first supportline at 8400 broke and it triggered a big dump. Then we went to form an ascending triangle which broke out and had quite a pump, but it was a fakeout and got...