The most popular cryptocurrency opened the new week by climbing above $8,300 during the day. Bulls, however, were once again rejected around the lower end of the mid-$8,000 levels and fell back to $8,208, closing the session in red. A similar thing happened on the next day, Tuesday, October 22 when the BTC/USD pair peaked at $8,323 during intraday, just to end up...
The most popular cryptocurrency opened the new seven-day period on Monday, October 14 with another attempt at $8,300. It moved up to $8,364 and once again closed above the mentioned level. As commented, it is of critical importance for bulls to defend $8,300 and consolidate there. On Tuesday, October 15, the BTC/USD pair lost 2.3 percent of its value and dropped...
On October 10 we witnessed a low-volatile session during which BTC stayed mainly in the zone around $8,570 and did not change in price. The last day of the workweek came with a huge loss for the coin as it dropped back down below $8,300. The 3.8 percent correction resulted in BTC stopping at $8,262. The weekend of October 12-13 started with a small increase on...
After closing below $8k for the first time since June this year, the BTC/USD pair started trading on Monday, October 7 with a huge green candle. It gained 4.5 percent and moved up to $8,200, but not before hitting the $7,760 mark – right at our projected bottom of the downward correction. On Tuesday, October 8, the coin broke above $8,300, but bulls were not able...
Bitcoin fell down to $8,045 on Sunday, September 29 and closed the week with a 19.8 percent of a price decrease. The most popular cryptocurrency opened the new trading period with a highly volatile session on Monday, September 30. The coin was trading in the wide range between $8,377 - $7,714. Bulls were not only able to avoid a drop below the critical level of...
If you didn't read my educational content, you can do it here first: How to making LOT of MONEY - Hunting Divergence So again: bullish divergence formed in the last 6-7 days. 4 hour chart divergence here: 6 hour chart divergence here: 6 hour chart divergence is a very rare and strong indication of short term trend reversal! This 4H RSI(20)...
While my macro view of BTC remains bull, my short term view is very much bearish. I am still holding my short hedge position from 10.3K. Momentum on a weekly basis is still showing selling pressure. Thus, I'd like to trade to the down side. Since BTC seems to be consolidating/breathing before continuing downwards, I'm expecting price to reach the red box. A mean...
If you are watching the actions this week, that was very big firework on the ground. 09/23: BAKKT Launch 09/24: FSC general SEC meeting and after this meeting 400M $ of LONGS liquidated on bullmarket(!) and BTC dropped 15% in a single day mostly in one hour.... You sould ask: WTF happend here sir? They said BAKKT is bullish...or not? Let's see where could go...
Opened a long at 10.040$ Stop in the red area. Divergences inside the 1H channel, RSI breakout. MFI oversold, divergence on every oscillator. Falling wedge is bullish pattern! And finnaly potential bullflag forming on minute chart.
In short: Break-out UP is expected. In long: Taking into account general Bitcoin uptrend, the price should break out the triangle UP after bouncing inside. However, there is a possibility that the price can go to 8500$ levels or even 7500$. Please use stop-loss just in case.
Hello crypto guys and girls!! Bitcoin movement got interesting today or better say got even more interesting today. Let's take a look what happened, both yesterday at 16/6 and today at 9400$ got rejected. It got rejected although this time the resistance level of breaking the 9000$ and 9450$ where it lays the 38% fibonacci level should be significantly weaker as...
I have an opinion which way it will go, what's yours? Markets don't care about our opinions, so we trade what it gives us. Here we have COINBASE:BTCUSD on the 4HR. This is a very simple plan to follow, BUY or SELL the retest of the triangle breakout. We saw this pattern as a continuation pattern in 2018 from the bear market, before the drop to 3200. Will it be...
Here's a scenario I can see unfolding in the next couple of weeks/months on BTC. Basically ranging but clear bull bias to the upside. With a liquidity play on LONG bias traders in the 2 red boxes. Ultimately I think from the lower level it will recover quickly but is the last shake retail weak traders out who went long in those red box ranges. If this unfolds...
Hi, I rarely share my analysis of other coins, but BTC just seems to good to not share. So seems like BTC could go on a bull run to 6000 USD. As It just broke out of a downwards triangle. Either it will just drop to be in the triangle, which would confirm new lows to be seen. Or it could go on a bull run, which 6000 would be my first target. I would place stop...
The price has formed a candlestick fixation of the model "wedge" abroad. We recommend to buy with a target of 0.0368. Trading Plan assumes a small stop loss at 0.0322
The price decreases in the narrowing wedge model. A trading plan involves the purchase of Bitcoin after the candlestick fixing above the model's border. Locally expect testing of the yellow range, after which it is possible to implement a trading plan.
After the candlestick fixation of the model "wedge" abroad, buy with a target of 0.0265.
The levels below are good spots for entry. The lower the better. Any of those could be where price rallies from. Targets are next levels above around 6500. Could have strength to push further beyond but likely it will pause around 6500. My long term targets for this leg up are 6900-7100s