Price continues to move within of framework of our wave map.
We all also believe that price is moving within the upward correction channel. The optimal level for the purchase can serve as the bottom line of the channel.
In general, we are continue to expect Bitcoin price growth within the framework of the impulse waves.
Good luck to all!
BTC looking to continue bull run. Further resistance at 11.45k - 11.85k but breakout looking more and more likely. Positive EMAs and MACD crossing in 3hr and shorter time frames, 4hr shortly. Look for BTC to make another large gap in CME futures this weekend, and with possibly more news on stimulus package coming, we’ll be on the moon shortly.
On D1, the cloud is directing downward, indicating an downtrend. The price also broke the downtrend line at D1.
Locally, we recommend buying when the RSI reaches an oversold level on the H4 near the Fibonacci level of 38.2%.
At H4, the cloud is directing upward, indicating an uptrend. The RSI of H4 is not far from the oversold level, indicating...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
We're standing at a better place to sell. I don't know how low we're going to fall. There is an assumption that on the Fibonacci grid (by levels) reasons to sell :
- EMA intersection
- AO prepare to cross the zero mark
- RSI below the 50th level of 9500$ from above and 10 000$ from above will not break them down at once, we will follow the liquidity.
looking for a long position on the .786 fib with my target being one of the two extensions. BTC has been consolidating at a key level 9600-10k and will see a bullish move to 10.3-10.5k where there has been heavy resistance. make sure you use good risk management and lot size according to your account size because Bitcoin is extremely volatile and can blow your...
Time = D
– Structure = Downtrend
– Pattern = Downtrend channel & Double Tops
– Tendency = Downtrend
*** Activate the trade only when it reacts precisely with the analysis in the Chart!!
Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
Bitcoin Bears have taken over and we have seen lots of buying pressure past few weeks
Our preference: buy positions with Tp at 10300 area and 10500 in extension.
comment: the trend is still up, forex trading rule still applies(the trend is your friend)
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I didn't expect a reaction to the last post about Bitcoin.
Writing my thoughts and possible clues for you.
Looks like at least a 9200 correction.
Bear divergence 4h + break-down and an attempt to fix under the local trend.
Perhaps even the violas will go further into the...