Hi guys, This is an other Bitcoin analysis on D1. The Bitcoin's price breakout his trend line resistance at 6650 $ after three tries! Nothing is won yet but it's a good start for a new bull run in the end of the year. Legends : - Purple line (clear) : MA 10 - Purple line (dark) : MA 20 - Yellow line (clear) : MA 50 - Blue line (clear) : MA 100 - Red line...
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,...
As we stated in our previous update the more probable move for bitcoin was to push towards $6800 resistance zone, however a retest of lower trendline is possible. Now as visible on the chart we are drawing, that retest is happening at this very moment as bitcoin is currently priced at $6550. This is a critical level and a decision point for bitcoin. Should we...
Hello Traders, 1- Adam&Eve Double Bottoms Pattern need to confirmation at 7400, it should go higher after it reaches there. 2- We are currently inside of Bearish Rectangle, it may drop to 5555 and more deeper. Long or Short at breakout , Setup on chart. Please do not hesitate to ask question. Have fun.
Hello guys, Bitcoin is still looking from my point of view and actually the more long term we look the more bullish we get so soon we might just be at the start of the next big bull run which might take towards the end of the year or the start of 2019! In 1h chart we have a possible trend line which will look like a falling wedge reversal so we have our supports...
BTC is still making corrective pattern however like I discussed in my previous post this whole pattern could be WXYXZ. Z wave still has more leg up left if thats the case. Watch a for bull break from this consolidation for a long to 7100. I'm still expecting a new low to be formed after this WXYXZ completes.
This is very clear what is going to happen. Most of the traders thinks this descending triangle will breaks out and bitcoin will start new up trend but unfortunately this is not gona happen.. #BTC will breaks down this descending triangle and hit 5200-4900 to make people sell their btc because they will think that #btc is going to hell now.. Then Real investors...
Next top is 7100$
Approaching the point of resistance. If we consider a bearish wedge, the same point is the upper edge. In case of a breakthrough we go to 7150-7400. If we’ll bounce, we fall again to 6300, and from there 5500 remain priority. Indicators: 1-d moves up, 4-h falling.
Its all explained on the graph but in summary: Uncertainty has caused investors to "bank" their BTC/ZEC/ETC/ETC, and any other currency that has a USDT tag. An increase in USDTBTC volume and volume of any other USDT tagged currency will indicate that a subset of investors are willing to convert their "banked" money back to digital currency. It will also...
Im back in $BTC (tentatively) with a long position tonight based on the divergence, green candles, and bottoms indicator. Stop loss in place under support. I think the divergence speaks to me more than anything. This can go either way though, and its a risky trade. I'm prepared for Bitcoin to turn around and head south but willing to layer some buys in now and if...
I think we are at the lowest point of right shoulder now. I see some bullish signals at this point which will lead us to 6400 then this inverse head & shoulder pattern on daily chart possibly will lead us to 6800 and 7900. Profit Targets: 6400 6800 7900 Stop loss: 6060 Have a nice day
It is happening faster this time because it is so obvious where we are going in the next couple years
Looks like the resistance will be broken 3 days 6 hours later. The volume while we reach the resistance is very important. (This is not a financial advice. Check the facts for yourself)
BTC remains at cross roads, hinging on the outcome of the weekly close/open. Bullish sentiment has been fuelled by the recent break of the bearish trendline, here's a few scenarios to consider: - A break and close below 8500 (and the bearish trendline) especially on the weekly will yield confidence to shorts. This will need to occur rather aggressively,...
Traders, Here we have BTC/USD 4H chart. No I don't think that we have bull&Bear fight here, We have bear winner on the stage. After breaking out with uncomfortable ,volatile, and hard to trade with that liar breaking. The best option remains to stay out for a while ! But if you are a holder my humble way to take a chance and getting away at the first...