As it was normal, Bitcoin has started to correct.
The overall trend remains grossly bearish and I looking to sell this rally
Resistance extends to 32.500 and only a daily close above 33.500 would finally put a stop to this drop
TRADING SUGGESTION:
Now we looking to the market got reversal at the strong support zone, so take a buy trade.GOOD LUCK
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TAKE A TRADE,SIT BACK AND RELAX
LIKE AND SHARE
Hello traders,
this is my analysis for BITSTAMP:BTCUSD and the way I will operate.
Post your idea/analysis below for discussion.
Thank you all for your support.
For mentoring services, FX signals, Crypto, Indices and Stocks PM me.
As I said in my previous analysis, it is clear for me from, watching the price evolution, that bulls are very weak when it comes to crypto market.
In Bitcoin's case, every rally was considered a good opportunity for sellers and I expect bitcoin to fall further.
Last week was a range trading one with price congesting and congesting.
A break under support looks...
Buy when the price going dip, Buy when the people worry, buy when the people panic, buy when the people on fear.
Hold it and take some coffee. close your ear don't hear anything about people said.
bitcoin is the best long term trade for me. not for daily or weekly. I see always for monthly
All billionaires do this way.
As we see, there is no buyers on...
Bitcoin is trading in the range of $30,000 - $40,000 with huge wicks on both sides. Bitcoin is in the range for almost two months. The lower point of the trading range is $30,000-$31,000. The midpoint of the range is $35,000-$36,000 and the upper point of the range is $40,000-$41,000. A daily candle that closes below $31,000 is bearish and will bring more dump....
Idea for BTC
23.61 line is best and most appropriate line for a reversal
this will be the third touch of support on this line, and a great point for reversal
Coinciding with the curved trendline that has developed, it just makes sense
Resistance areas in red, green areas are support
~30K (29k if you are good)
Hi guys,
So I've decided to take a look at Bitcoin's weekly chart with Elliott Waves approach.
I need to mention that I'm considering the pandemic drop, and the following weeks until the price comes back into its original channel, as a slope. Let's take a look as if it never happened.
First, let's take a look at the 4 main rules of Elliott Waves and see if they...
Hello Dear Traders,
As u can see in chart btc is trading in falling wedge, most of the time falling wedge breaks upside.
Btc tested lower trendline of falling channel and on lower timeframe we can see buying pressure. if btc sustains above trendline and gives bullish cloisng on daily then we can expect btc retesting 33500-34000$ in 2 days.
Hey Guys,
BTC seems to be forming a three drives pattern on 8 hours chart.
If this pattern completes as predicted, the price should hit 31500 area, between 14-15 July most probably, and then begin to rise after that to near the top of the first wave, 36500 area.
Following this up to take a long position. This is a great and reliable bullish pattern, only if it's...
