Break sucess, forming upper trend heading toward $ 7,200 for short term Break fail, retracing main support trend with high disappointed drop SEE, $6,400 - $6,600 NOW PLAYS A STRONG RESISTANCE
Say if you are BTC driver Halving's coming mom and pop investors are sticking around But you are rich, very rich. The rich want to become more rich and grudging even a little amount of profits endowing mom and pops so contextual basis points that market's 2 possibility ahead : At least double bottom or New dip And Technical analysis is also simple : big...
It looks exactly on the way to the resistance but indicator shows it's celing for short term at least Time to take profits and have a sit backward and watch.
First It should NOT break the inclination of HEAD Second, should SUPPORT at leat $6,200 Third, should BREAK $6,700 resistance Otherwise, this overbought only meant to for SHORT the lagged.
In hours bar excpected is a brake for SHORT trend
Marty Boots here IN THIS VIDEO I WANT TO SHOW YOU THE BEARISH J-HOOK PATTERN THAT CAN BRING BITCOIN BACK DOWN TO $4600 LOOK AT THIS LINK BELOW FOR THE PATTERN , TRADING VIEW DOES NOT LET ME SHOW YOU ON SCREEN www.feedroll.com
Best Buy Position According to Corona Negative News, the likelihood of a downturn is very high, so you can make a good profit. See you later GOOD LUCKY
descending wedge buy-sell-attack-defense observed If rebound occurs, It might be the opportunity for SHORT users to join the market.
More likely no rebound and straight to SHORT NO RUSH.
Im taking a short-sell position on BTCEUR as I explained in yesterdays educational post (I believe Crypto is due for more losses based on my technical analysis) What we have here is a wedge (or contraction in my books) leading to the 38.2% of the recent high to low of the swing of price. Im targetting 123.6% of that move but will be happy to get out even at...
Which one do you decide? Inverted Head and Shoulders? Falling Wedge? Rising Channel? Bullish Pennant? Rising Wedge? Ascending Triangle? Equal Triangle? Which direction do they all point?
#BITCOIN The price will soon end the correction
FUNNY THAT CHART IS ALSO MADE BY HUMAN
Possibility on short volume still low no sign of WHALE'S SWEEP Clear trend of Ascending wedge more beneficial IF market will intend to go down more and more
1. PREVIOUS RESISTANCE FLIPPED TO SUPPORT 2. Volume profile diluted 3. long beneficial proportion gap of loss and profit 4. Ascending wedge yet support not broken 5. Possible double top retracted Thus, betting LONG, NOT BAD AT CURRENT FLOW
I can see from here one LONG term scenario: calm climbing towards a new ATH (provided halving is in place in less than 50 days), than explosion to the upside few days after halving.