BTCUSD is looking very healthy now. BTCUSD is failed to break 78.6 Fibo Price Retracement Zone (PRZ) mentoined. At the same time, BTC did retest broken trendline on weekly timeframe. There are few important levels now awaiting, especially whole time trendline from total upside. If we are able to break this trendline, we could see some rocketing up (maybe back to...
It is looking likely that the price has completed a double top, which is considered a bearish pattern. In addition, the pattern is combined with bearish divergence, which makes a breakdown more likely. The price is following an ascending support line, which is currently at $6200. A breakdown from the support line would most likely take the price to the next...
The current BTC price movement since the March 13 low resembles an ascending wedge, the price currently being very close to the end of the pattern. Besides being a bearish pattern, the ascending wedge is combined with bearish divergence in the RSI, making a breakdown even more likely. A breakdown from this pattern could trigger a rapid price decrease, one that...
BTC Short Setup, Having an IDEA of the "power" of correction is EXTREMELY IMPORTANT in the Logical integration process. This potential triangle pattern on BTC provides you with an accurate idea of whether a Correction will, should, might , should not or Will not get completely retraced by the next move. Every day we present the Elliot wave method, The First...
BTC/USD BTC broke local support at 6500 and the price immediate drop by almost 10%. If Bitcoin fails to hold current pice at 6200, we could expect another leg down to previous Higher Low of support at 5800 areas. 5800 level would a good potential bounce play and targe the swing high at 6800 dollars.
Hi! Lot's of uncertainty right now, however it seems like the price wants to go lower. Expecting BTC to hit resistance at the 6300-6350 area and maybe a small rally afterwards to 7Ks. My idea can be seen on the graph. Let's see! Good luck trading! Feel free to leave comments and share your ideas.
FUNNY THAT CHART IS ALSO MADE BY HUMAN
* 50% for all predicting. - Risk: 0.5%. - Pyramiding = 2. - Risk/Reward: 1/3. - Good luck.
Are you ready? There is literally no reason or usage for Bitcoin to be over valued. Currently 30-40% miners already unplugged and today there is a 14-15% drop in difficulty in Bitcoin network. insights.glassnode.com Transactions dropped under 300k per day and continues to drop. Activity is only between exchanges and very few whales. Otherwise BTC is a No Mans Town.
Possibility on short volume still low no sign of WHALE'S SWEEP Clear trend of Ascending wedge more beneficial IF market will intend to go down more and more
BTCUSD Bitcoin is looking very interesting right now definitely still stuck in a bit of consolidation it looks like we’re going to be gearing up for some really big moves. Remember I previously stated that 7000 is a really strong key level so we need to see a very strong push above 7000 and we need to sustain above 7000 otherwise we’re gonna roll over and head...
looking to trades this either way it goes
I've been waiting for BTC to drop, but the pattern is revealed to be a rising wedge and it may take a little longer to complete. Note the bear divergences building on mid-time frames. A typical scenario here would be for the MM's to spike through 7k aggressively to remove stops of anyone who assumed we double topped (circled). If I were interested in shorting, I...
SHORT THE CORN & GET RICH. 5X / 10X at max.
1. PREVIOUS RESISTANCE FLIPPED TO SUPPORT 2. Volume profile diluted 3. long beneficial proportion gap of loss and profit 4. Ascending wedge yet support not broken 5. Possible double top retracted Thus, betting LONG, NOT BAD AT CURRENT FLOW