Hey Guys, Since i've been a hodler of crypto, i can't help myself but to accept the reality that BTCUSD is headed for another correction. As you can see in the 4H TF, BTCUSD had a pullback moment at the level of 0.382 followed by a downfall. Hence, I believe we can short this trade to the previous lowest point at 6042 and observe for the next trend. T/P at...
After the 10K support line been broken, BTCUSD is following the logical and natural trajectory down to more appropriate pricing levels compared with the other alt-coins and the evolution of Blockchain. The professionals, regulators and analysts are now more aware of what Bitcoin is and they already realized its price was following a manipulative and bad...
Sell below 11786. Stop loss at 13109. Take profit at 9328. Reason for the trading strategy (fundamentally): There hasn’t been positive news nor negative news on Bitcoin recently with the latest one being Goldman Sachs CEO denying that they were going to launch their own bitcoin trading desk. We’re seeing a bit of a squeeze around the 11,600 range area and when...
Downtrend may continue. Price is near apex of wedge, and at 50% retracement of the down-leg from 14K. Trend is friend.
Buy above 14126. Stop loss at 13247. Take profit at 15391. Reason for the trading strategy (fundamentally): Bitcoin has been dropping strongly largely due to an SEC pushback that has led to several ETF proposals being withdrawn. There were several firms which were looking to list ETFs tied to bitcoin but the SEC “expressed concerns regarding the liquidity and...
We've got a Head & Shoulders pattern completed (it is cleaner on the H4 but I've charted on daily to show the ABC correction as well). Our first target will be $8k and second target is $5k. Stops would be above the $17k psychological resistance level. Now that we've broken the neckline, I would expect a retest of the neckline as previous support and should now...
Hi traders, Crypto currency.... BTCUSD! Since people are all over in my ear about it, I'll drop my first analysis on this subject. As we easily all see, BTCUSD had a super good momentum going for it crashing the 10K easily and wick quickly over 11K within the same day. When I look over the last correction this pair, it lasted 4 days and had an even greater...
ENTRY: 6648.75// SL: 6849.32// TP: 6068.65
Can BTC stay around 5000 USD or will go to elliot wave?