Btcusdidea
Bitcoin- Evening Star in resistance. A sign?Bitcoin had quite a run in the past two weeks, gaining 40%.
At this point we have an Evening Star candles formation just in the falling line resistance and a drop under Friday's low would expose 36k support and 30k further more.
I'm bearish, waiting for confirmation
btcusdt shortReasons :
1)its below the yellow ema line and it directing downwards
2)nice pattern trend
3)price action at 40,000 level
there are 2 support levels ,
the 1st support level would be our entry point and
the 2nd support level would be our take profit
as you can see i decreased a little amount of pips from take profit i.e 2nd support level because we want the market to hit our tp sucessfully
BTCUSDHello dear friends
Given the scenario we talked about earlier in the previous channel, we are now at a critical juncture that could change the market trend. Now we have to wait for the market trend in this triangle to come to an end so that we can make decisions more easily. Please write your comments for me below this analysis and I will be happy and welcome. Be profitable
Bitcoin In Neutral PositionBTC once again break the trend line but if is not certain that it will continue to the upside as the trend line was broken before mentioned in Circle one and then it continues its down Journey.
BTC might test the trend line and if it didn't break it , then It might continue to the upside to 40,000. The second circle is the area to Monitor with 4 hours Chart.
BITCOIN: Possible sell opportunity...?BTCUSD has reached the top of a Descending Channel, and entering a Supply Zone presumably holding selling orders. I believe the market will tap into this pool of liquidity, and turn over control from buyers to sellers.
Comment if you agree with this outlook. I would appreciate the feedback.