BTC/USDT -since the drop from 9600s area -the price is unable to break above the 50ma on 1hr chart -it acted as a dynamic resistance zone -Bitcoin is testing the flat area of support again -which is a bearish sign because it gets weaker over time -it is also painting a bearish descending triangle -if we see a close below key support -there is a high chance we...
BTC/USD -rejected at new downward trendline resistance -the price went back to the key support area at 9.3-9.2ks -this is a crucial time for Bitcoin -if we want a bullish position, we to see a break of 9.5ks zone -but if we are looking for a bearish position, a close below 9ks is a sign -I recommend not to use high leverage inside the consolidation zone -the...
BTC/USD -Bitcoin manages to break the local trendline resistance -closing the daily candle bullish -new higher low is set at 9.2ks area -upward trendline of ascending triangle still valid -the priority is back to the bulls -we may have a high chance to retest the 10k major resistance -notice the volume decline approaching the triangle apex -it is telling us a...
BTC CME Futures -the daily candle is about to close in a few minutes -it is looking a strong bullish candle -it still respecting the upward trendline for the 3rd time -if the previous drop was just a bear trap -we may likely to see another retest of flat resistance at 10ks -we also just had a golden cross last week -the bulls must not break this trendline for the...
BTC/USD -still respecting the immediate support at 9.3ks -the upward trendline is still considered valid -BTC is currently painting a complex Ascending Triangle -the market structure remains bullish -the trading pattern is unconfirmed until broken -the price is approaching the apex of the triangle -we will soon see a clear breakout -use stop loss at all trades or...
BTC/USD -this setup is for Bulls and Bears -Bulls face rejection at 10ks -currently, BTC is holding the immediate support @ 9.5ks -the ascending trendline support still holding -can the Bulls regain the low 10k level again? -it is a tough question to answer -but like the old saying “The trend is your friend” -as long as BTC will hold current support...
BTC/USD -the month of May is about to close -the candle is looking bullish as of this writing -if this candle closes above 9.3k -we will have a higher chance to retest 10.7k -10.7k is the monthly candle body resistance area -and the downward trendline resistance from Dec 2017 high -if ever we reached the 10.7k region but failed to break -I'm expecting BTC to...
BTC/USD -broke bullish outside the trendline resistance -previous update is to buy the breakout -that's over 4% without leverage -we have a flat area of resistance -if we continue to go higher, 10k is critical barrier -be cautions and move SL into BE as soon as possible -I expect BTC to move sideways in the coming days again -and seeing a potential Alt-coins to...
BTC/USD -two times rejection at the previous support area -now flipped into a new resistance zone -as the price dropped, it reacted immediate only 200ma -a confirmed new downward trendline of resistance -technically, we are on a 4H downtrend -and bigger equilibrium with a price range of almost 20% move -if you are a Bull, a break of trendline resist -and closed...
BTC/USD -the has touched the ascending trendline support -also, just barely above the previous higher support area -this is a crucial time for the bulls -they must act now and do not let the price -close below this trendline of support -otherwise, bears will get the chance to enter the market -though we are still in a bigger equilibrium channel -touching below...
BTC/USD -quick market update -the price dropped to fill the CME gap -but still trading inside this channel -there are still tons of support below us -entering Short is at high risk -we need to confirm reversal once we see a trend break -if BTC will hold current levels -we might see another few days of consolidation -before large move to happen -please wait for...
BTC/USD -bitcoin is trading inside an equilibrium box -also forming an ascending triangle -keep making a series of higher lows -10k is the flat line resistance -the trading strategy is to wait for the breakout -of top resistance and enter a Long position -technically, market structure is still bullish -trading priority is Long -but if we break the pattern...
BTC/USD -bullish rejection at moving averages support -our new immediate support is at 9.1k -current pattern forming is a symmetrical triangle -the market trend is still up -if this is a continuation pattern -we have a higher chance of breaking to the upside -our upside initial target is 10.5k -the trading strategy is entering a Long -if we see a break of the...
BTC/USD -a strong push from low 8ks to 10k -CME gap is now filled -for the bullish scenario -must hold above 50ma or 9.1ks support -a little pullback and break higher to 10k mark -if this scenario plays out -we will see 10.5k retest again or even higher -for the bearish side -closing below immediate support -will lead to potential H&S pattern -today, market...
BTC/USD -the market structure on the daily remains bullish -holding above the 20MA and 200MA as support -upward trendline support still intact -we have not made a lower high and clear lower low yet -there is a chance we could see a bounce up -to the fill the CME gap up to 10k -if we get the 10k gap but failed to break above -and drop below trendline...
BTC/USD -the price top out at 10k -bounces off the trendline support -holding on the lower support area -watch out for the CME gap up to 10k -beware for short entries -if you are looking for a short position -wait for the break of ascending trendline -technically, the priority remains to the upside -as the structure still valid
BTC/USD -new higher high is set at 10k -new immediate support at 9.5ks -cross ultimate indicator signal is long -the priority remains to the upside -the potential target is 10.5ks -key stoploss is below 9.3ks
BTC/USD -broke above current resistance at 9.2ks -new higher high is set at 9.6ks -the priority remains to the upside -indicator still pointing to 10k target -few days left before the halving -no major red flags today