BTCUSD feeling good but we didn't see some big movement up. We are near resistance line of big triangle. After we touch this line Bitcoin will show correction because we are near 200 MA, resistance level, and we still in down trend.
Bitcoin (BTCUSD*) is gaining momentum and strength with today's huge green candle and volume.
On the 5th September, I mentioned that Bitcoin would start its bull run between 19-21 September (you can see it here). Now, I don't know if this is already the start of the next cryptocurrency market bull run, but the action we have been seeing lately is indicative of ...
Greetings from Benice team!
Bitcoin's price increase impresses with its ability to appear and disappear at the most unpredictable moment, leaving only a smile or disappointment behind. Currently, the market has turned green, and this is good news.
The current situation is as follows:
The SEC postponed the decision on the ETF's fate for an indefinite period, ...
BTC has finally broken out of that range we were stuck in for 2 weeks and has moved rather quickly to the 50%FIB, which coincides with supply zone. Bullish sentiment seems to have returned to the market as almost all altcoins together with BTC have surged over the past 24H but Bitcoin has hit its first test since the range break. We need to get above this area for ...
Ok as per my last analysis, we have had our break to the upside of the symmetrical triangle. Mid term our overall target for the long term descending narrowing wedge (shown by the purple lines) is $11.6K before a decent retrace occurs.
Right now though let’s worry about the short term target of $7K. A look at the charts shows us we have the yellow resistance ...
This chart helps confirm my decision to layer in shorts between the current price and up to the top of the kumo cloud. Of course I could be wrong and price soars to great heights or doesn't even meet the mark.. all good. Off to bed.
BTC is trading at $6730 , atm the RSI from 1H to 4H chart in overbought , we should expect a test of the support near $6500 then re-test the downtrend line at $6850 , after that the final crash come with strong support at $5200
Looking at hour chart. We note a significant increase in trading volumes. However, it is likely that after today's growth, a number of traders will open short positions, and the rate will be adjusted to 6550 in this case. After this rollback, the BTC price will reach the zone 7100 most likely.
Hello All,
Wow is all i can say at the moment, Bitcoin has really founds its legs after that bounce we saw from the most recent drop to 6100. As I has previously mentioned in my BTC 4hour analysis the close above 6400 was a major sticking point for me, if we wanted to see higher prices. We indeed held up and look at the action that followed. Now we find ourselves ...
This set-up is fairly probable if #Bitcoin manages to push through to this next resistance level. I've layered in shorts all the way up. Other possibilities are A) $BTC goes on a ridiculous parabolic bull run and everyone on twitter and youtube start screaming moon and lambo (if not already) or B) price action doesn't quite pick up steam and drops off here. See ...
Price
Yesterday, despite the new statement from SEC about delaying the SolidX Van Eck Bitcoin ETF decision again, after short fluctuations at the 6400 level bitcoin found a support and went upwards accompanied by a rise in volumes. At the end of the yesterday, BTCUSD reached 6600 level, and today already broke above Bearish Trend Line. On the way up the price will ...
From the chart, we could easily figure out the importance of trendline. Each time bitcoin failed to break the downtrend line, it went lower and lower. Once it broke the downtrend line, there would be a strong bounce.
Now, we have reached the downtrend line once again. Long if it break, otherwise short.
Tthere were some events recently that led BTC 3.65% in an unstable situation.
The reason was quickly expounded, although it is clear from the nature of the price behavior that this was a planned manipulation against market participants.
At the moment the market is stabile. The price is above the wide resistance. Above there is an "open window" (up to 6800 and ...
BTC is making an expanding flat which is a corrective structure not a impulsive move.
Watch for the breakout from this structure for a short opportunity.
Still expecting more leg down before a short term reversal
I tentatively set the end of last year's bear market to have gone through two different down cycles!
2017.12-2018.2 bear market phase I: down cycle in manic potential energy
The ultimate acceleration of greed, madness, and finally the opposite of fear, is how steep the rising slope is, how fast the falling rate is!
The second phase of bear market: the decline ...
Bitcoin break resistance and consolidation, the price are running to the next resistances, 6800 region and 6950 region.
We have a big boss in the main downtrend line, if the bitcoin break is downtrend line and passes the 7400 level, the bitcoin will go to uptrend, and the targets is in the moon. But, while is not occur, lets work with short targets only.
