💎Technical Analysis Summary💎
-Bitcoin rejected at 200M dynamic resistance
-Plus the old support turned new resistance today
-If we can see follow-through by the Bears
-BTC is likely to retest previous support at 10.1k range
-Currently on the short term, Bears have access in the market
-Let's wait and see how BTC will react at low 10k strong...
I think there is one more drop before the next run up. The line drawn has very strong support and big history. The drop should in the next two to three weeks.
Always trade what you are willing to lose and trade responsibly, Also trade at your own risk.
*Follow the trend until the trend is broken*
So everything in the highlighted range is a buying opportunity as the past has showed before. However we're at the bottom part at the range right now, and we could we the price go lower to 9.3k or so, and it looks more probable than not at this point. However if we were to look at the grand scheme of things whether you buy in at 10k or 9k DOES...
-After the massive sell-off recently, BTC might temporarily found a support
-The 10k area is now acting as a strong Buy zone after we saw a double retest
-We can see a Bullish candle together with a big green volume
-The RSI is showing a little divergence on the 1hr time frame
-Bitcoin might be ready to test the downward trendline...
Some similarities i have observed between BLX (bitcoin) and Ethereum
Bearish scenario for BTC - Long
Bullish scenario for BTC - Long
I advise investment in ERC-20 tokens or just buy the market and buy...
Controversial, feel free to leave comments
As of this chart i see Bitcoin experiencing another wave down along the fib circle
Breaking the parabola that has formed
and allowing it to enter into a complete bear market
-Bitcoin just had a Bull trap after breaking the recent high at 12.1k
-The price slowly dumping down to 11.6k located the trendline support
-We can see a Bullish reaction candle on the 1st retest of trendline
-BTC is still on an uptrend but a sign of weakness is showing
-Though the trendline of support still valid
-We still need to be cautious as the...
-Bitcoin is about to confirm a Bearish Double Top reversal
-The price is starting to break the upward trendline support
-If the next candle will close below the key trendline
-It is likely to confirm this reversal pattern
-The downside target below is 10900-10700 range
-We can see multiple bearish signs on BTC
-RSI divergence, Strong sell volume &...
Bitcoin CME Futures
-Today, BTC made another Higher High looking at the 4h time frame
-But we need to be more cautious now because of the Bearish RSI divergence
-The price is touching the upward trendline resistance
-If Bitcoin unable to break above the trendline resistance
-It is likely to come down and try to fill the CME gap at 11735-11690 range
-After the ascending triangle pattern broke out
-The price hits the 12k key resistance including the CME gap before 12k
-Bitcoin drops and now trading below the upward trendline of support
-This is not good in the short term
-We can also see a strong sell volume during the blow-off top
-The key area I'm watching right now is the 10.3k-10.1k range