This just a very quick 4 hourly view on bitcoin.
I'm expecting a bounce in the 7700 - 7750 or a bounce in the 7300 - 7588 range.
Inside the latter range, if you held a gun to my head to see where we would bounce, my bet is on the 7370 - 7400.
This is further reinforced with the appearance of positive divergence on the 4 hourly, this divergence appears on all...
EMA 200 is now the super support , if bulls can holds this weekend , they have chance to get back to re-test $8600 , if they can't then we will see $4xxx . Good luck bulls !
#2
Strat broke through the channel on the 15 min, pictured in red. it is close to being above the blue line. If BTC continues up, and strat continues above the green line, a long here could give you cushion for alt season. Or it crashes and burns.
BTC/USD Whats next? 35K or 4K? - Honestly, I don't know! No one knows. Neither the nice guy or OG shilling 50k targets on Twitter, nor the super-rich looking crypto hedge fund manager in an expensive suit with a Rolex on his wrist. For understanding the chart and my thoughts, I advise you to read my comment below, as the explanation got too long...
I want to add...
Bulls still in control
Battling the $8200 price mark
If bulls can win, we will see $8666, if not then $7900
Things to watch out for:
Volume is still good
Above Ichimoku cloud
Watch for the break of support and resistance
Pennant is formin (most likely bullish)
Alternative Bat Formation ... You can comment on your questions and opinions about the parity ... Let's pay attention to risk management ... successes ...
Hello everyone traders! Today i'm gonna show you the bitcon , it had some hard times in this year. Probably will still go lower , meanwhile 6k zone looks strong , didn't really expect that cause selling volumes was strong and looked like broke the support level , then with a bullish engulfing started to go up again.
Obviously we can't talk about uptrend yet but...
15 minute
If volume stays low throughout the potential handle then it could produce another impulse to the upside.
If the cup and handle fails, then we will look to form a bull flag consolidation, bias to the upside until further notice.
8300 Resistance 8100 Support
The 1HR Stoch RSI is oversold and ready... but the other lower time frames need a little...
Hello everyone
Another green day in cryptoworld. Today an update on BTC price-action and some things we have to look at.
Let’s get straight in to this!
-So first of all I would like to talk about something I came up with for the first time 2 months ago. Could this new uptrend be a beginning of a possible 4th triangle ? We see clear similarities in all the...
We see two opposing forces.
The orange A/R lines and the white Fork.
The orange dashed Centerline will be first resistance.
But the good news is, that if price can manage to jump above the orange Centerline, then the next target is the white Centerline.
And once above the white Centerline, stage #3 is the orange U-MLH (Upper-Medianline-Parallel).
This is a...
according to our analysis we think we will complete our way till 8440 at least and we will update after that but we think we will have correction from this point maybe till 7800 as max. so watch out #BTC closely
Best of Luck.
Crypto Stars.
Please don't forget to press Agree and leave comment, I'll appropriate that a lot.
We have broken the major resistance (blue line). This is a major breakthrough and as long as we stay above it for a couple of days we will be fine. The RSI (relative strength index) is above 70 now, we didn't go above 70 RSI for a couple of months now. The last time we went above this RSI level is December (orange circles in image). 70+ RSI could be a bad thing...
Coinbase forming a PAC (Political Action Committee), Blackrock taking a deeper look at the market, Sherman's comments on Bitcoin, FATF (Financial Action Task Force) being asked to clarify KYC and AML procedures and regulations for crypto assets, the SEC's decision on a Bitcooin ETF (which, by the way, will probably be on, or after, August 16th:...
Hello everyone
Today I’m back with some more TA . A lot to talk about today. Let’s get straight in to this.
- So first I would like to talk about what happened today. We saw a nice big green candle, we went up with +/- 4.5%. We’ve got rejected at our first resistance at 7.8K like I’ve predicted in my last idea. This resistance line is to big at the moment....
Buy orders spread down from $7050-$6750 to catch the retest - SHOULD - it occur.
Will spread exit orders $7500-$7700
Safest play available right now.
Personal opinion, not advice.
