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Convergence

Guys don't fomo ! stay right there and think !Ok guys dont FOMO ! wait an hour at least. As you saw in my last idea I said that we have an uptrend in our way. Check it and you will find out what im talking about. Ok now we saw a touch and a pump to 9200, as I expected btc rejected, but the good thing here is we broke the triangle and also we had a touch on 9200. So there is some ideas here about this situation. 1: btc will break 9200 resistance and next target will be 9700 2: after rejection, it will go down to 8700 3: it will create another channel 9k ~ 9500 (I told that before while we were in 9400, this price will be our resistance soon) it was about a week ago 4: we will go down to 8500 because of rejection on 9200 and indicators In my view idea 1 and 3 are possible, because we have support of ma's and also convergence of rsi and macd Between these two I really like 1 ... but im not the one who is the manager of bitcoin you know :D So I recommend you to watch market and do not fomo and also do not enter a trade until you see a confirmation above 9200 or below 9k If you liked it, please hit the like button, share and write your comments, thanks for reading. Take care, trade safe
BITMEX:BTCUSD.P
by AminHa4
4
Big trend is comming ...Guys this is really interesting! I though we almost have another short until I saw this triangles, convergence and supports! Volume is almost about 0 ! and as you can see we have a big symmetrical triangle here! we have support of 50 and 20 ma now, ma 120 shows 9k ! and 200 shows 9200 ! Rsi and macd are in convergence and they are showing the way ! We have a support line at the bottom, we are almost at the end of the symmetrical, and also we have cross overs ahead ... So its time to choose what do you look for ... In my idea, we are going to see 9k and 9200 If btc break 9200 we will touch 9400 again ... If we stay on the ma 200, we will 10k again ... If you liked it, please hit the like button, share and write your comments, thanks for reading. Take care, trade safe
BITMEX:BTCUSD.PLong
by AminHa4
6
BTCUSD FULL ANALYSISWelcome back traders! We are going to look at BTCUSD today on the monthly, weekly, daily, 12h, and 4h. We will look at Simple Moving Averages(SMA's,) Exponential Moving Averages(EMA's,) Oscillators, Visible Range Volume Profile(VPVR,) and more! MONTHLY The giant pattern on the monthly points to $6,450. We want to see BTC stay above the 21 EMA, currently at $7,323. If we see a major breakout, clearing the 10 day SMA, currently at $8,350, would be indicative of further bullish activity, perhaps even a catapult to a new all time high. The Awesome Oscillator is decreasing at a decreasing pace, but still on track to hit zero. The last time the AO crossed from positive to negative (also at a decreasing rate of decline,) the bull cycle of 2019 began. WEEKLY There is Bullish Divergence on the weekly with the AO. The t3-cci oscillator is negative and increasing at an increasing rate, which is also bullish. The MACD_VXI appears to be beginning convergence, which would be bullish. RSI has locally bottomed at the price of $3,850, which could indicate a low. Currently, the price is resting just above the .382 Fibonacci retracement from $13,800. Daily Our VPVR has the strongest Point of Control(POC) at just above $7,200, with the highest volume node ranging from $7,150 to $7,350 (this indicates a likely strong area for support and resistance.) If these levels break, the next major area for support is just above $6,600. It is also noteworthy that RSI is above 53, which has been a significant level for bullish activity. Lastly, the 50 day SMA is acting as a resistance, and will need to be concurred for further bullish activity. 12H This zoomed out chart of the 12H gives us a target if bullish activity continues, with a POC just about $7,900. The next challenge will be the 100 day SMA at $7,475, which is acting as resistance. 4H Although there is an ascending bearish wedge forming, there are bullish signs on this chart as well. The 10 day and 200 day SMA's just crossed on April 5, and BTC has recently crossed the 200 day SMA as well. Despite the T3-CCI indicator originally heading towards zero, it appears to be curving back up. The AO is decreasing less than it has been, and may see a change in direction soon as well. SUMMARY Long Term Bitcoin is holding up in the long term, and overall bullish. We want to stay above $6,450 according to the giant patterns on the monthly and weekly charts, and we are holding strong above our significant long term POC's. The support along the .382 FIB is a great sign on the weekly, and $7,900 is the next target, assuming bullish activity continues. Short Term The cross between the 200 day SMA and 10 day SMA is a bullish sign, especially with the recent overcoming of the 200 day SMA. The bearish wedge forming on the 4H is a concern and should be monitored closely. Ideally, the price will remain above $7,150 for further bullish activity. Disclaimer: This is NOT trading advice, NOR financial advice! These are merely my opinions that I have posted for educational purposes ONLY. Trading comes with great risk, which should be managed carefully. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any financial loss or damages. Thanks for reading!
BITSTAMP:BTCUSDLong
by CryptoRichCrypto
5
BTC IS EXHAUSTED!As we made a 44% move from $6412 to $9190 we see on RSI that its quickly making higher highs indicating that the bulls have exhausted their push up. We refer to this as convergence. Another strong signal is when we take the top of $10572 and the low $6412 and put a fibonacci on it, we see a 61.8 retrace which is $8983 which price has moved to $9190 bringing it within the 61.8 retrace level. I would be looking for shorts from this area as it seems fairly safe to do so being at the top of this downward trend.
BITMEX:BTCUSD.PShort
by JimmyKesh
3
This Moving Average and Fib Converging Soon to Spark Bull Run?!Looking at BITSTAMP:BTCUSD 's weekly chart, we see that the 200 MA is heading upwards to (possibly soon) converge and cross over the 78.60% Fib which is at $5469.89. The 200 MA is where institutions, whales, and or countries stepped in and bought at $3122.28. whereafter BTC had a 350% run to the upside. Hence, there is a strong probability that if BTC decides to test the 5K range, approximately $5500 will be the bottom where BTC turns around for lift off into a new bull run. If you enjoyed reading this, please click the Like button so TradingView's algorithm shows it to others. Thank you!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2239932