Bearish divergence on the 4H chart is currently playing out, with Bitcoin looking to hit the 8.5-8.7k area and close the CME gap. This area also corresponds to 200 EMA on the 4H. Furthermore, RSI also dropped below its EMA confirming the short-term bearish move. Finally, TD also gave us a sell signal when the red 2 candle started trading below the 1.
Lets see if this is a descending triangle or a bullish pennant. Above 9800 will invalidate the descending triangle. Below 8800 will invalidate the pennant. Target for the descending triangle is between 8300-8500
Very sad what is going to happen but you will learn from it!
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !
Long. Bids as low as October's open just in case it wicks downwards like bitcoin loves to do.
Trend lines adapt did you move yours? If you listened to these morons on Youtube probably not...
With everyone expecting big moves all too often, the reality is that BTC is a quite boring asset over 90% of the time. Most interesting and strong moves happen in a very short period of time, and it can go sideways for much longer than we would all like. We now will have to see if we get a fractal similarity to 2016, where we had a very long flat period of quite...
BTCUSD expected to rise up to 1st resistance at 9751.5 where it could potentially react off and drop down to 1st support at 8302.2. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Here we have a divergence. As you see, BTC is in a downtrend while BTCUSDLongs is in an uptrend! I think this divergence means most of people think 9200$ is the bottom of downtrend and consequently opened long positions.
Good day, Selling XBTUSD between 9450-9500$ with stoploss ~ 9630$ Take profit #1 - 8950$ Take profit #2 - 8530$ idea invalidated with 4H close and open above 9630$ . #RR ratio ~ 7 Good luck, Stay safe.
BTCUSD showing weakness after the last bullish run friday, The sellers are in, I will grab the price as high as possible, and short to the last buyer after the V formation.
As the world is bullish on bitcoin, I see just the opposite. The pullback phase hasn't died yet and I call for a drop to 8200 support level on a short term(4HR-1HR). And Even further drop to the crucial 6200 support level in until next month(4Hr-1D). In my other post(check it out,BTCUSD long term analysis), I called for 5100 levels as the lowest the bitcoin could...
Is it just me or does this marco time frame set up look sexy as hell?! Bitcoin has been in a massive bull flag set up since hitting the June high of ~$14,000. But after it touched coveted .618 Fib retracement mark, BTC jumped 40% through the downtrend it had been stuck in for 4 months. This large move may be indicative of a reversal in trend and we may be early...
Bitcoin has been trying to break 9500$ resistance for 11 days. Bulls fighting against bears. At last, one of bulls or bears will show us the next move. if bears conquer bulls, the path will be a downtrend and vice versa. so the question is how to predict the winner of this fight? bulls or bears? I have some evidence that shows bears are exhausted. Take a look at...
BTCUSD expected to rise up to 1st resistance at 9751.5 where it could potentially react off and drop down to 1st support at 8302.2. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Important Support : 9160 - 9060 - 8950 and then 8750 I am eyeing.
I am expecting BTC to drop to the last support zone of $9160
#BTC Locally, we still have room to grow. But while I wait for the decline to the level of support. I advise the strait to buy. Now you can go to SHORT