On the Daily chart Bitcoin has the potential to complete a Head and Shoulders pattern, like so many altcoins did- so watching for this confirmation of drops below key support is critical.
When looking at the Monthly chart, the RSI/SRSI indicators show a likely continuation down, indicating more time is likely needed to shake out this correction.
We seem to form another ascending channel on 1 hour chart of BTC USDT.
It's still and very possible that the price might do zigzags in this channel but we know that if it fails to reach the top of the channel, a breakdown is more probable than a break out from asc channels.
A couple of divergences also occurred within this time frame.
Many charts miss this part. You can see the blue and orange curve have played a huge part in BTC TA in the last months.
They're about to meet in the next few days and we all know what that means... probably a breakout.
Price has to find a new trend over the next months.
Even if the price doesn't go below the orange curve and "breaks out upwards" there's still the...
Here's the daily logarithmic world in parallels for Bitcoin.
These parallel support lines must be your best friend when it comes to trading. Mostly in 30 to 45 degrees and they're reliable in almost every time frame.
When I'm in a day trading mood, I'd enter a position when it hits a line either for shorts or longs, and set my stop loss and targets for...
Expect to see volatility in the coming weeks followed by a crash
BITSTAMP:BTCUSD COINBASE:BTCUSD BYBIT:BTCUSD BITFINEX:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD BITBAY:BTCUSD BITBAY:BTCUSD PHEMEX:BTCUSD OANDA:BTCUSD BITTREX:BTCUSD FTX:BTCUSD BINANCEUS:BTCUSD FOREXCOM:BTCUSD FX:BTCUSD CAPITALCOM:BTCUSD CAPITALCOM:BTCUSD CURRENCYCOM:BTCUSD TRADESTATION:BTCUSD...
Gaps like to be filled and we have a nice and wide, wet and sexy gap that would take BTC spot below $5000 IMO . This is a very plausible scenario and would I love to hear your opinion, even if you are a sloppy ugly internet troll living in your parents crawlspace. Please chime in.
I am ready for short between 59500-61000USD. The reasons for this short are very low buy volume, many alts on the new parabolic ATH, every sh*t coin made new ATH and Tesla sold part of the possition in Bitcoin.
The interest for buying Bitcoin is decreasing.
TIP1 - wait for th price action in are between 59500 - 61k
TIP2 - wait for th break the trendline on 1H...
Bitcoin price has lifted off the week’s primary support at $31,000, allowing more buyers to come from the sidelines supporting the upswing eyeing $40,000. The move saw Bitcoin gain 13% in 24 hours while collectively bolstering the entire cryptocurrency market uphill.
Polkadot is among the most improved crypto assets, with its 15% double-digit gains. Kusama is up...
Bitcoin is relatively in a no-trade zone at the time of writing. The sideways trading has seen the cryptocurrency dance around $37,000 for several days. Price actions toward $40,000 have diminished, while the immediate support at $36,000 appears vigorously defended.
Meanwhile, it is vivid enough to see the formation of a pennant pattern. This is both a reversal...