It looks like we have a made a top on the trend line. Maybe for the short term but the indicator is show some early downtrend on the 4 hour. Click the like button :-)
BTCUSD not looking too great seems to be a important level here, a break down will probably see us to 8500-8400 We think there would need to be significant news/event in order to move upwards ( for any sustained period anyway ) until the two upper are broken. Trade : Short on break below or No trade, its not good long entry here, wait for lower
BTCUSD in a falling wedge channel pattern. Will it make one more attempt to burst up to $10K? or fall out of the channel and keep falling... a lot depends on stock markets also. Were on the verge of bad Q2 results, Virus issues arising again... what will happen next? we wait and see what happens, Limbo continues...
Big parallel channel since the beginning of bull market with multiple touch points + fibs. Right now the 50% pullback is closer than ever which means down to 8500$ and closing the CME gap that's left.
At the moment there are no major changes in the market, step down and touch the MA50 chances are still great. Going below the MA50 for the current period will be difficult, for now hour timeframes demonstrate a slight opportunity to jump, but this does not cancel the global move down. If the MA50 is broken and the price locks below, it will be a bad signal, the...
BTC just completeed wkycoff accumulation on the 4hr chart. This current dip was the spring in wykcoff schematic, where the retail traders long positions stops are hunted and bear trap for the shorts. I expect BTC bounce from here, this would be the wave B of the zig zag of the Y wave in this whole corrective structure from 20k While everyone was bullish on the...
We broke out of the correction trend Bitcoin has started 05/21 however we are still inside the retracement line from 10k so the bull run to 7420 USD this morning was good but we are still in the retracement trend where I still see some room for downward movement but this will be a small downward movement to 7180-7250 USD after which we should be exiting the...
I expect that BTC may still go down until the 5th of June and after this date, it will go higher again! Why that? because if you look at every yellow vertical dashed-line, you'll see it at the 5th of each month. BTC goes into a trend "high or low" until the 5th of each month. It goes down within the red rectangle areas during the "odd numbered" months such as...
Here I present the case for the bulls and the bears using 12 hour candles. We are currently range bound in a hold-your-position or no trade zone. (Yellow Triangle) This will play out by the end of the weekend as it represents the end of the range. Watch for Fake outs. Bulls - Reasonable support established in the $7600-8000 range off the back of a c.60% up move...
thinking this might come true. the final exhaustation before going up? Catalyst would be portion of the 35k margin longs on bitfinex closing or getting liquidated. It could get really ugly.
BTCUSD is still in downtrend. The price made a correction wave and now we expect a new wave of falling to level 7250. If the price breakdown 7200 next supports level are 6500, 6000 and 5700. Glossary of terms Point of Control (P O C) – The price level for the time period with the highest traded volume . Value Area (V A) – The range of price levels in...