BTC/USD -I have 3 possible scenarios for Bitcoin on this 1H chart -1st scenario is a bearish Double Top reversal -For the 2nd scenario, BTC breaks the trendline resistance and push higher up to 12k -My 3rd scenario would be a bearish descending triangle -Downside target is down to 10.2k which is a good area of support -These are my thoughts, let me know your...
BTC/USD -bitcoin bulls won the short term game today -as the price broke finally above the trendline resistance -also manages to give back above 200MA on 4H timeframe -now, for BTC bulls to continue. They must protect the support at 9200 range -because this level is important in the short term market view -the next level to watch for the upside resistance is...
BTC/USD -Bitcoin just got rejected again by the descending trendline resistance -the price is approaching a key area of support at a 9k-8.8k range -this area of support has been tested 4 times now -if BTC will come back to this zone this will be its 5th retest -bearish side, the more it gets tested, the more the support becomes weaker -we will never know what...
BTC/USD -Bitcoin just had a failed breakout of the trendline -the price went back inside the lower sideways range -it almost touched our green area of support -if the bulls can hold our support zone -they will have another chance breaking this trendline successfully -but for now, I expect a few more days of sideways -Alts may start going higher again
BTC/USD -Bitcoin is starting to break above the descending trendline -if BTC closes the daily candle above 50D MA -this will give a bullish side to the market for the next few days -longer sideways action is also expected -a potential challenge of 10k resistance zone again -during this sideways market again, Alts will start moving faster -well, it is really...
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 -the Bulls may have temporarily held the ascending trendline -technically, the bullish ascending triangle is still in-play -the first challenge is to break the minor resistance at 9.6k -if BTC can do that, then retest it as support -BTC may likely go up to 10k resistance area once again -the good news is, going above 9.6ks will bring some Altcoin...
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 -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 -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...
Yesterday I wrote about the importance of keeping this zone. The situation has stabilized. The price is fixed at $8500 and 8850. There's every chance to go to the top of the range at $9250. For continued growth: 1. The last fuse at $8150 has got a good volume. Apparently, a lot of shorts were stuck there waiting for the continuation of the break-down at $8250....