Looking at the larger picture of the BTC/USD price-breakdown one can see a symmetrical Triangle formation (all time frames). Trading range is narrowing Volume gets increasingly lower from Nov 15 to now. Apex of the Triangle to be reached around Jan 1st, 2019 Breakout direction cannot be ascertained, though a continuation of trend is common for this chart pattern...
There's a descending triangle formation on BTC-USD chart (2h, 1h,...). This we believe is continuation of downtrend. Expect the breakout to the downside.Breakout within the next 24 hrs. Next support: 3600ish...
corn looks bearish to me. consistent lower highs. could argue the last weekly was higher than two weekly candles ago, but that isn't convincing in light of the macro trend. 3k was front run, but it won't get front run on the retest. whales took profit in the 4ks and are sending the corn down another leg. 1.8k seems likely.
Hey followers and other TradingView users. Do not forget to hit the like if You appreciate my work after You read it! During this rally upwards, the price has made important higher highs on the price action structure. It has made short-term HH's & HL's and higher timeframe HH's. We fought heavily with the $4,000 level. Multiple attempts to break higher than...
I believe BTC-USD is not out of the woods. Strong downward channel still in place. Latest rally would have to intensify and lift BTC price above ~4500 USD/BTC in the following days. If not I think the larger trend will kick in again and bring BTC down below 2000 USD in the next month to come... Bearish Divergence also visible on the RSI
Don't trust this rally yet. There is a bearish divergence on the RSI for the 2h BTC-USD and also 1h BTC-USD charts. Let's see if this heads back to ~3200 USD/BTC again...
The arrow of blood is nearly fullfilled. As it is nearing the first target of 2700, the waves are finishing with satisfiable closings. What does this mean? Possible some time to breathe for the friends of BTC ahead, with room to 6500. But only one possibility. The other: Any acceleration under 2700 and we are most likely in the endgame already, with no time left...
Another symmetric Triangle close is imminent for BTCUSD on the 2h-chart. I expect the break-out to be on the downside, the symmetric triangle being a continuation pattern. Next accumulation territory: ~3000 USD/BTC Pattern should resolve within the next 24-36 hs cheers
The price trend for BTC-USD shows a continuation of down movement with a Descending Triangle closing it's completion I expect price heading south in the short term (next 3-4 days)
I compared the current BTC-USD price retracement (Fibonnaci levels from top to low for the respective bubble cycle) to the last bull- / bear-run of BTC-USD in 2013/14. Back then price went well below the 0,236 level until finding a bottom and retaking it's ascent. Current price just dipped below that level again recently. Judged by this comparison we would have a...
BTC price movement has 4 clear scenarios of further development. Probabilities of these scenarios are not equal. Taking into account current Technical and Fundamental analyses findings we can say the positive scenario has a greater probability to take place. DMI shows a small standard deviation, while PPO reveals no divergence, Stoch RSI is neutral and trade...
At the 1-day timeframe chart we can see the price of QSP which was in the down trend for a long time and reached Fib 1 retracement level. Up from this level the price made a bounce and impulsive breakthrough out of the channel has happened due to sudden BTC recovering. Moreover the price penetrated and moved out of the red Ichimoku clouds zone. Now Ichi acts like...
In previous analysis we talked about the Descending triangle which was formed at the 1-day chart up from the previous triangle observed in April. Technical analysis of the chart showed a positive scenario for BTC price upward movement at that moment. The moment when the price should do a breakout has come. Previously when it came closer to the edge of the...
Last night a 2.7% move on BTC is flagging out, usually when this happens another similar move will happen, the move will be as powerful as the previous one considering the height of the bull flag pole pole taking us exactly under the 6800-6900 resistance area, but we will break the bearish trendline that has been set since July. If this happens, we might be in for...
Accumulate price action with different resistance candles poke away all time hopping in up trend candles move smoothly but fail at long term Resistance Area we will see again dump in bitcoin price if we follow price action strategies but now it should be touch on 6570 then bounce up please comments like share.
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At the 1-day chart the Descending triangle which was formed up from the previous triangle which ended in April. Technical analysis of the chart suggests a positive scenario for BTC price upward movement. Nevertheless indicators are still very bearish: Momentum and MACD suggest to sell BTC now, EMA (20, 25, 30, 35, 40, 45, 50, 55) are negative and the conclusion is...
Hello Traders, We are at the top of two bearish channels. Hopefully everyone recognized it and shorted the safe zone. For some reason the last chart did not publish correctly, here you go, hope you enjoy your profits. Lately I have not had a lot of time to update tradingview charts. Everything we provide is free and for the betterment of the community. Please...