Good night traders,
Btc is trading on an upside channel on our H4 timeframe (left) and after the strong dump yesterday it has respected once more the bottom of the channal.
On our weekly tf (right) we have 3 dojis in a row showing strong indecision right now.
The idea here is to take advantage for the price when its on the bottom and top of the channel until...
Good evening traders, overview on BTC.
H4: The coin is on short term uptrend as we can see on left chart, we have an already confirmed uptrend (3 touches) e therefore we can search for buy oportunities if the price go there again, wait for rejection and then buy.
: Im using LOG CHART and then we can see there is a downtrend confirmed by 3 touches and now we...
4H CHART EXPLANATION:
The main Items are:
-12345 Elliot Count completed
-Bearish Divergence on MACD between wave 3 and 5
-Bearish Flag Pattern
Based on this, if price Breaks out the Bearish Flag Pattern and the Ascending Trend line at 5.140, we expect Down movement towards the support zone at 4.5500,0 paying atenttion to the middle support zone at...
1H CHART EXPLANATION:
- After the Break out of the Ascending Trend Line with a previous Bull Trap, Price is on a Pennant Continuation Pattern.
- We will be waiting for a retest of the Minor Resistance zone (top of the Pennant Pattern) and then for a Break out of the structure, looking for a down movement towards 4859.8 to close our position.
- For the full Top...
Good week everyone, H4 outlook for btc.
As we can see btc is one more time approaching resistance level (orange) and it'll try to break it again.
- Low volume on selling waves (check indicator), looks like there is no interest selling right now
- Thats candle spikes (like the balloon demarcated one) are definetly killing some bulls...
Green trendline support price since 2016. Again the trend line has supported the price on December 2018.
Now price is going down, there are many possibility to see a bottom on 85€.
That price is also connected to the 38.2 fibonacci level.
Stratis por lo que observamos esta comenzando una buena tendencia al alza pero tomamos nuestras precauciones poniendo un stop a maximo 3% de nuestro punto de entrada
podemos observar que casi todas las criptomonedas pueden comenzar al año y esta operación la vamos a dejar 1 mes en observación con nuestro stop donde esta marcada la linea roja.
BTCUSD sta da un paio di giorni comprimendosi parecchio. Il prezzo è incastrato all'interno di quello che sembra una triangolo discendente.
Che stia aspettando il weekend per esplodere ? E la domanda è: in quale verso ? ;)
eXample of "BART SIMPSON" patron (inverted). Look the candles of 15 minutes and see how the price come back to the previous level. For me its a kind of bot manipulation of the price (f.e:shorts squeeze).
PS:sorry for my English, my native language is Spanish and i am an autodidact and i still learning
PS2: this post its open for discuss ideas for education...
The following two weeks we can see BTC moving up or moving down, it will depend on the next resistance marked in our chart. First profit target could be around7600 and second profit target 7750 or 7890. If those points fail, we can see BTC reaching lower levels of FIBO retracement.
Cripto market, from the beginning, was moving x10 or x20 times faster than the traditional market.
Still recoverying fuell for start again the impulse, we havn't seen the bottom yet, as the volume is not big enough to create more HH and HL.
Stock markets fall hard, and part of this money can come to the criptomarket.
The reason is because still very cheap...