BTC seems to have formed an ascending wedge formation since the sell off on 10 May 2020, which is traditionally a bearish omen.
Now, BITCOIN BTCUSD is currently testing the top resistance of the wedge @ 9930, for a breakout above it, look for an hourly closing candle above 9930 - 9950 region for a BUY opportunity. From there, we look for BTC to retest the major...
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BTC has been following an ascending wedge line since 11 May 1800pm.
It was rejected sharply by the 200 MA on 11 May 1200pm, where a sharp spike was quickly overturned by massive selling pressure
Now since 13 May 0000pm, it has been following the underside of 100 MA...
After checking my previous post and cross-referencing with Fib Analysis and historical data, I can safely say 2 paths BTCUSD will take from now:
1) REBOUND FROM BOTTOM OF ASCENDING CHANNEL and 0.236 Fibonacci Line --> Taking us to resistances @ 9200, 9500 and finally 10000
However, this requires massive buy volumes to overcome 3 major resistances levels close...
Would love if we get something like this. Shakeout longs, retest trendline breakout + a few major MA's around 7.9k, and shoot up right before the halving. May or may not happen, just an idea that would make the most sense and would certainly be the most painful one. Going up from here seems too "easy" money to me.
Price moved upwards as predicted in the previous idea. We are now consolidating under one of the major trend-lines, where breakout usually occurs on the 3rd TL touch, which leads me to believe we are up for more complexity to form some bullish pattern against the main TL, I'd bet on WXY running flat to sweep the lows first, therefore shorting the 2nd touch (if we...
Bitcoin is moving in a descending channel.. On the 15-minute chart, Curve T3 turned pozitive, it is likely that the price will go up for a while.. We will wait and see..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own...
Hello traders,
Description of the analysis:
Bitcoin futures main S/R zones before halving.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two...
Halving is obviously very speculative time when it comes to TA. After spending some time trying to make a sense of EW, important levels and market psychology, I came up with my own ultimate halving strategy.
BTC/USD BUY LONG
ENTRY 1 $9,568
ENTRY 2 $9,368
SL $8,995
TP.1 10,040
TP.2 10,268
TP.3 10,540
TP.4 10,840
tp.5 11,000
Downside areas of potential technical support related to both of those levels include the 9269.57 and 9389.28 areas. Additional areas of technical support that traders pushed BTC/USD below during its depreciation late last week include the...
#BTC Updates!!
BTC Making Another Triangle On 8600-8800$ Zone..Its Going Closer To End Of The Triangle..Soon We Will See A Upside Or Down Side Breakout..📉📈
There Is 2 Possible Scenario:
1.Upside Breakout :
If BTC Manage To Break 8800$ And Stay Above That Range With A Healthy Candle Then Next Target Should Be 9200$ DMA200 Resistance.📈
2. DownSide...
First trade- Set Short entries at $8600 & $8860 Tp.1 7860 Tp.2 7,086
Second trade- Set Longs at $7080 & $6686 Tp.1 $8260 Tp.2 $9380 Tp.3 $10,280
Third trade- Set Shorts at $10,286 & $10,462 Tp.1 $9,600 Tp.2 $8,860 Tp.3 7,868 Tp.4 6,500BTC/USD’s ability to remain above the 7473.42 area will be closely scrutinised by traders intent on assessing the sustainability of...
BTC/USD
Bitcoin is doing just fine, hovering just above both 12/26 EMAs plus 200 MA on a 4-hour time-frame. No red flags yet, the price is already outside the trend-line resistance
which can give Bitcoin a boost when Bulls started moving upwards again. We could expect Bitcoin to consolidate in this price range for at least 24 - 48 hours before it reaches
the...
