After a hard fall and some red days for BITCOIN and crypto market (which was completely predicted and written right here!), BTC shows signs of bullish movements. 4H chart indicates in addition to getting good recovery from 1.618 FIBO and 49K horizontal support, the BULLISH CHECKMATE pattern has been formed, so we can expect the upward rally for BTC.
Trade Safe ...
Good morning, traders. It appears that we are getting some action this morning as price popped out of a few patterns and is testing the resistance of another. Tomorrow is the monthly close. This movement is not unexpected at all if you've been following my analysis. Price action and volume analysis across multiple TFs have suggested that this is the most likely...
Good morning, traders. We have had a rather uneventful weekend which has been upsetting to many as the market has not provided direction. Tether Bitcoin pairs continue to print a premium over USD Bitcoin pairs. CME futures printed a gap at $5500 which will need to be filled, however this could come after price moves down first. Bitstamp has a 1H gap around $5400...
Good morning, traders. Not a whole lot to talk about this morning but I'll do my best to give you multiple views of current price action. Bitcoin's price continues to trade sideways within a small TR which I have labeled on the 15 minute chart. We can also see that a possible Adam and Eve double bottom is building. This won't be confirmed unless price closes above...
Candle Pattern: Bullish Checkmate
Trend: Up
Trend Entry: With Trend
TP/SL Ratio Target: 1 to 1
Estimated PIPs: 20
Fib Entry: 38.2%
Fib TP: 76.4%
Stochastic: midrange
Inside EMA/SMA zone: just above
BB: midpoint
Notes:
engulfing bear move to the downside. Currently in a bull checkmate just above the EMA/SMA zone.
Might see a nice move to the upper BB...
