At this time I expect 2 scenarios:
Form a Cup and Handle Pattern and break the neckline.
Continue to Range and breaks the top of the TR.
That aside we have a gap of CME ~ 28000$ that soon or later will be filled.
Cm your opinion.
BTS plays. After the failure of the downtrend, BTS is ready to start its growth.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
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I still believe that they are buying to sell here even though we have broken through key resistance (downward trend line). Here we are in the 2nd week stalling at previous higher time-frame resistance, though this time we are clearly in the Buy zone. If there isn't enough bullish pressure to surpass these levels then we are looking for price to push down before...
Yet another morning in the red for Bitcoin and the broader crypto market. The BTC/USD pair is currently oscillating inside a narrowing range limited by $7,000 on the downside and $7,300 on the upside.
The RSI on the H4 chart is inching closer to the oversold region. If the downtrend continues, the chances of Bitcoin plunging below $7,000 will remain high. In that...
we will see inverse head and shoulder then the price rising.
and in the 1 day chart we have probably hanging man and i think the price will drop to 6300 zone.
Follow BTS Chart at given buying zone with available target in the above chart
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BINANCE:BTSBTC POLONIEX:BTSBTC POLONIEX:BTSUSD BINANCE:BTSUSD
Price broke out of a falling wedge signaling a great buy opportunity.
I see prices possible forming a head and shoulder formation which may or may not form.
Lots of ichimoku resistance but I see buyers coming in fierce.
