Good morning, traders. Many were scared off by yesterday evening's little drop. As we can see, price bounced just above the pivot closing above the 21 EMA once more. The short double bottom target, of the swing high denoted by the purple line/R1 pivot, remains at this time. The 4H Stoch RSI is nearing a bullish cross in oversold. RSI remains bullish at 56.8.
Rising triangle (trend following pattern) ... More Up possible.
Rest on the chart.
The rising triangle can be seen as good trend-following pattern. If it is confirmed, usually further upward trend movements could be expected.
Let's see what happens. Happy trading. :-)
300 and 400 about to death cross
MacD bearish cross
OBV finally passed over the horizontal resistance of demand, but can easily fall back under...
too early to tell, but very possibly this is a huge bull trap
We are in Monthly and Weekly on the highest point of our channel and MA200-100-50 are tight!
Next pump will bring us near to 6300-6500$
and this channel will begin to drop until september to next channel near to 7600-8000$
I would not recommend buying any altcoins until we see a btc over 6k $ - than dominance will start to drop under 48%
altcoins for a good opp....
In Daliy TF Looking Bearish & It Can Test 5000$ Region.
If Holds the 5000$ Area Then I'm Expecting Big Move In Coming Days..
So be Ready For 6000$
Hit Like Our Idea & Follow Me For More Like This..
Thanks For Your Support..
In this report, we will discuss price ranges and forecasts, my general positioning, open interest, and market maker theory. Remember, none of what I say in here is investment advice. Risking money in markets is dangerous and can result in financial loss. Consult your licensed financial professional before making any trades/investments.
BTCUSD Second option
Bitcoin billionaire Zhao Dong predicts stagnation around $ 4,000 and $ 6,000
The famous Chinese bitcoin billionaire and trader Zhao Dong shared with Weibo his thoughts on the current state of the crypto market. Zhao is sure that the bear market has not ended, and that the recent Bitcoin rally does not say anything.
After 2 failure dip charts I spent decent time to come up with this post. We headed to 8k usd(1/1.5/2months max) from here non-stop, not 3k or 4k. Don't get trapped. Please thank me if this idea is useful to you.
My Trade Details :
Long at 5k 10x leverage, No Stoploss.(I may change in worst case)
Target : 8013$
I believe we are in a BTC Wyckoff Distributions UTAD phase. I also believe we are on our way out of a trend change aka, we are no long looking through the lens of a bear market. We are on our way towards incremental accumulation through the trend changing parabola I have shown.
We will bounce around the top EMAS for a bit around 5200-5400 and then we will we...
Hello, I want to take a closer look at Bitcoin's price weekly logarithmic chart.
Firstly, the chart examines growth and fall cycles, sometimes referred to as economic cycles or trade cycles. As you can see in my analysis, the growth cycle usually lasts approximately 150 weeks and is always longer than the fall cycle that spans out over the course of approximately...
Today I want to show the 4 hour chart on which you can see the channel going up and the middle line of the channel is shown in black dotted After Bitcoin reached the maximum price this year, it began to be adjusted, all of the classical impulse-correction (rising wedge) - impulse. after breaking the wedge, we are now at a weak support of 38.2%...