Hello all! Back today looking at the big picture of COINBASE:BTCUSD because the small picture is very deceiving right now. Zooming out to the one day view, a clearer picture of what is going on, and some plausible trends emerge. I have highlighted the scenario I think is most likely. I find Stoch RSI to be a great tool lately, and right now it is without a...
Good day to all! It looks like bulls are exhausted and we are waiting for a correction at least to the zone of imbalance, as a maximum continuation of the downward movement! Against the backdrop of a sharp increase in hamsters, the hope for rapid growth has mounted, but smarties use this and we are waiting for the landing of all weak players. The price came to...
The cryptocurrency market capitalisation has lost over $100 billion over the past week, with leading cryptocurrencies falling over 13% in the last 24 hours alone. What has played a major part in this decline is regulator pressure, as well as the high sell volumes on the CBOE 0.38% and CME futures markets. Bitcoin’s bulls support that investors should remain calm...
From our previous analysis and its updates it was clearly seen that BTC went out of the triangle and now is preparing for the next wave of growth. After it was pumped above Fib 0.786 level the price started to consolidate and now it has bounced back from the mentioned Fibonacci level which is now strong support. Nevertheless, uncertainty about BTC price movement...
With RSI showing an slight divergence, stochastic crossing, we have an strong support at 8.5k. There is an option to go long here with an stop loss close to the target at 8,400 and take profit at 8,800, the Risk Reward ratio is 4. Disclaimer: This is not a financial advice.
BTCUSD Bitcoin Price could enter these boxes, be ready to build your Long Position if price reach it.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.