Buy below the lines, sell above.
Resistance will become future support and vice versa.
In order to have 2 or more consecutive trades on the same line there has to be a pullback of about the same size as the initial dip.
Trade smart & make some money!
Looks like based on last years support and resistance arrows if the market now consolidates nicely over $10,600 it hould go higher other wise next stop down will be the 20 MA and then failing that then it will be back below $10,000 and as low as $9,400. Enjoy !
Hi,
Price reach strong resistance level of 10,000. Look like Momentum is slowing down. Firs support level will be 9,525. RSI it’s trap between bottom of the reversal zone and previous support 66.65.TL on the price chart should worn us before price possibly move to down side. TL on RSI it will help as well. Pay attention to RSI – it is trap in the zone that every...
Hello and let's start with a more detailed analysis.
First of all, if BTC does not break above the yellow line, the resistance it must surpass these days, a new bottom is possible to form at the target stated on the chart (yellow arrows).
If it does break and consolidate above it, we may see a rally to the resistence zone between 10100 and 10700. If it does not...
I have been somewhat skeptical of the recovery we have been witnessing from Bitcoin and the crypto market as a whole but I am now seeing some signs that make me wonder if I have been a little too skeptical. Looking at the Bitfinex price chart on the hourly time frame it looks to me as if BTC is in the process of completing an inverse head and shoulders pattern....
Pessimistic scenario was rejected, we have a lot of market recovering signs. The price managed to survive bear pressure. H&S pattern wasn't finished. At this moment the price should consolidate in the channel and if it bounces from $8500 level a reversal and further growth will happen. However it will be a fifth wave of growth and there is not enough volume to...
Okay, so was that it? Was the low set on Feb. 6th the bottom? I wish I could tell you with definite certainty yes or no. Unfortunately, as I have said before no one really knows for sure. Since BTC set the low of $6000 on Feb. 6th it has bounced to a high of just under $9075. But what worries me is that BTC came down with such speed and momentum that I have to...
Tom Demark count gave a green 2 on the daily chart. This is a clear buy signal. Stoch RSI is not overbought yet and has room to go.
I expect the price to go up till we reach 11600 (fib 0.5)
Here is my trading idea:
Long at: 8900
Take profit at: 11400
Stop Loss: 8100
Regardless it rebounced from 6.000 level and regained 2500 in value, Bitcoin showed many sign of weakness so far,
on the first place after rebouncing from 9300 back to 11,700 none of the candles weren't closed near that price (prices were closed at 11.000 level, that means he can not pressure that price range trying to form his price on higher level, because, on...
BTC Bounce off just under $6000:
- bears got their fill
- bounced on extremely significant technical trends, the longer the time frame the more significant
- volume on bounce is the largest we had seen, evidence of this being a true bottom and not a dead cat bounce. volume is a dead give away, would have been wiser to wait for such a signal before re-entry....
In my last idea, Btc , was going down until the beginning of March, a few days later we witnessed another fall that broke the supports as if they were paper.
In this chart, I will try to clarify.
FOR THE FIRST I DID NOT EXPECT ALREADY NOW LEVELS UNDER 6500.
Ok, I'm not sad because in all my main ideas I became btc short .
Then:
1) 2 main channels have...
Bitcoin is bleeding widely as we all see, but there are several things you can do before it goes deeper and pulls entire market in dropdown for a third time in apriximately 35-40% price reversal.
Everybody is talking about some "magical rebounce from 8.200 level".
That "rebound situation" won't happend at 8.200 level (because it would happened already), but on...
Hi guys,
im sure you have all been glued to the markets like I have, if you have, as you should be, you may of noticed a spicey reverse head and shoulders pattern emerging... Do you know what they normally indicate? yes, thats right!! A trend reversal.
If you where smart you would of read my last post to see that BTC was going to continue you down just as it...
The first target is reached see the link below. Now it is expected to reach our next level of support which was resistance in the past if you look left. Someone wants to buy it for a cheaper price, it's a clear manipulation I think
