#Bitcoin finally broke the Fibonacci resistance it was unable to break over 7 times in the past, which becomes now a strong support. This is 'Buy the dip' scenario incase there's any more fear is thrown on it's way by the mainstream media. Happy Trading.
Hi Guys, The way we've been going up from the recent pull back to next Fibonacci resistance around $38k, we need to close above 38k on daily candle to invite more buyers to join in. Also, media has been spreading the #FUD regarding Bitcoin going back to $20k, usually 100% retracement doesn't happen that often unless fundamentals are very poor, not the case with...
Bitcoins starting to really ride the bottom bollinger band like we talked about yesterday, which if we continue we could definitely see a fall, if our 0.6 FIB or 30K level doesn't hold the next major support level is around 21K or the 0.7 FIB. Our MACD histogram is getting smaller and smaller bull wise and we are coming up soon to that midpoint where we could see...
Hi, #Bitcoin continues to look weak, still feel it needs to shake out more bulls off the market, next support is 30k. PS: Tesla in 4 days have to file with SEC if they have sold off their BTC position, this can be a trigger to next round of sell off.
Bitcoin seems to be building up some momentum as we notice lots of sideways movement and our bollinger bands are starting to squeeze, keep in mind this could be bullish or bearish. If you look back in time when bollinger bands begin to squeeze it is almost certain we will see at some point an explosive move, aswell with the bollinger bands as you can see marked...
Hi, So far, #Bitcoin broke the support and looks quite bearish, next support is 30K for double bottom support, if it breaks it, it'll invite a lot of short sellers drag it down all the way to low $20K. PS: If TSLA confirms they sold their BTC positions, on Wednesday/Thursday SEC filing should confirm that, if that happens, it'll be a catalyst for short sellers...
looking to continue going long @ around 33,000 - 35,000 #bnb #kucoin #btc #binance
#btcusd continues to look weak and is following a downtrend pattern, failing all support levels. It's taking all the bad news by inviting short sellers. Discouraging short term downtrend. I personally won't buy until the downtrend reversal is confirmed. Next support is around $34k, then fibonacci below that.
#Bitcoin continues to show weakness around Fibonacci resistance, but it's hanging in.
China Cyrpto ban news halted the progress again for BTC reversal, but still ~42K support is holding it well, I'm still bullish unless the bearish news keep piling on one after the other. " When everyone is fearful, be greedy" - Warren Buffet. ~ Happy Trading
Technical Analysis Chart 1. Clear Elliott Wave Pattern, 5 impulse wave with ABC Correction. 2. Red and Green parallel zone is the short term bear and bull zone. Upper line in the parallel zone represents resistance and down line represents resistance.
Big moves are soon likely as we approach a breakout from an inverse head and shoulders pattern and an ascending triangle. Always remember that these patterns -- although they are technically bullish patterns -- can still break down; don't place a trade until there is a confirmed breakout with volume.
here is a short term analysis of BTC/USDT. its a "short" position and don't forget TP/SL . wish you best
This is the two most probable price routes that I am expecting based on the Weekly and Daily structure.
First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Given the 20k ATH, the 14k high, and the recent downward channel, BTC has many key resistances layered between 9.4k - 10k. The longer resistances take to develop, the harder they are to break. As a result, before these resistances...