BTC has made contact with the top of the Weekly Bull Channel and has come up against some resistance. In my previous 4HR analysis, I showed the potential for a measured move from the 4HR Bull Channel to the Weekly Bull Channel Resistance, we have reached that price of about $38,000. Where do we go from here?
Key Points
1. Bull Channel means we should always...
Hi folks,
BTC LTF Technical Analysis
🔺BTC can retest 29300.
🔺Below the 29300 level, bears are stronger
🔺Tillson T3 indicates short-term downtrend is strong.
🔺RSI points out the price action is weak. Below 50 points --> Bearish.
BTC 1D TF has been ranging this channel since June 18th
would we be squeezing in this range till month end August ?
Could you, wake me up when September Ends ?..
1st idea-BTC breaking out through the main Trend line channel up we go.
2nd idea- BTC Falling wick down till support, kill all bulls, grab liquidation, up and Away 🤔
Let me know what you think!
could...
(Down Trending Channel)
A breakout occurs when prices break out above the resistance line or breakout below the support line. For an up-trending channel, typically a sell signal is given when prices break below the upward sloping support line.
Nice to meet you, everyone
I'm an alt trader
I'm analyzing and recommending things that are similar to my personality among many alt coins
All the lines drawn are meaningful
You can expect the line where the candle is going up or down to be targeted
Hello!😊, its me the Gorilla Trader again🦍...welcome to Makaveli & The Bitcoin Bulls Technical Analysis.
It's easy to make money in a bull market right, but what happens when things starts to slow down?
You start experiencing choppy moves, and this moves can get you easily frustrated with trading, considering how volatile the crypto market can get at times. Change...
Possible Indicators / Patterns / Observations
1. BTC stayed close or below its $5.675 stock-to-flow target
2. There were 3 up and 2 down trend week groups to reach that target
3. dropping below the weekly Bollinger upper band seems to signal a downward retracement
4. downward retracement to Bollinger baseline possible
5. drawing the $19.6 ATH target give a great...
I have a definite short bias at this point, right back down to the weekly ema 12 around 22,000 - 23,000 would be lovely but lets see. Hopefully a short will setup, maybe the break and retest of that long trendline that it's kept above since 30th Dec and retested on the latest dip.
In my analysis, the downward trend continues.
The second triangle in yellow is the most recent.
If we are lucky in case of descent from the current value we can choose to enter.
To buy (To enter, wait for the dynamic support to be checked)
- Il valore minimo di rimbalzo (per acquistare) è di 8389 Euro +/-
If we have successfully entered, then we can wait for...
BTCEUR, Mini Bullish into trend channel
If BTC starting the run to upward and don't break the dynamic support (the yellow upline in a chart)
Entry at 9380 Euro (or Around)
Target 1: 9800 Euro (More Probable)
Target 2: 10200 Euro
Target 3: 10620 Euro (Very difficult but with BTC all is possible)
Max Take Profit level: +17,5% at my dynamic resistance
