We are seeing BTC test and hold EMA 12 support on the 4 hour and daily inside bars form.
This is still extremely healthy consolidation and the fact that we are still holding up here is a testament to bullish strength.
Bulls are sitting pretty as a bear break leads to a daily higher low and a bull break leads to continuation to $7,777 resistance.
Notice the ...
Yes, the market has witnessed a pull back when we look at most of the top-10. So why has bitcoin not pulled back?
All I know is what I am looking for as a trading opportunity long.
Daily trend is still bullish and that TK cross above the kumo with price above on the 4hr we likely have more upside on BTC, but there is a good chance it will drop to retest 7170, 7000, and maybe even 6800
Opening a small short position up to 7430. 65% of desired position filled so far.
Stop and target marked.
This is a hedge. Long position from 6500 still ...
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Hopefully my analysis helps you make some decisions for BTC.
p.s If you do want to take a trade as per my EW count, please keep a SL as stated in the video.
R:R is 3.5
Alright, as discussed I wanted to post a new updated posted on Stratis here. I think this is the best moment to buy Stratis and probably we won't see the same opportunity once again here.
As already explained in the Bitcoin post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto ...
Daily is in a short term bullish trend for now and we have some resistance from earlier in the year on the log scale coming up around 8k. Expecting a retrace or consolidation due to the lower time frames, so I am looking to open a long position with avg entry around 7k. I have one long open from previous posts and have taken profit on that position along the way. ...
7500 level was chosen for a reason. My thoughts are Month CAM (Camarilla) R3 retracement to go higher.
Few other support shown, but a retracement to R3 is a normal move before going higher to 8500-9000 reason.
Volume break on the H/S neckline was good and what you want to see for a sustainable move higher.
We have enough information to mark a target in BTC 8500 at the beginning of August. It is too aggressive to believe that we could achieve the strong resistance of 10,000 in a single movement. So 8500 seems to be the most appropriate.
Being consistent with the analysis, 1200 for BCH on the time target.
Let's see how it develops.
Best wishes!!
#Stellar on a pullback and trying to find support at the uptrend line, if the support holds then we can get a good trade, targeting 1:1 fib extension and previous levels of resistance.
https://www.tradingview.com/x/4cYaEq80/
On the BTC, the flat continues. Tonight there was a false breakdown down, after which we returned to the range. You can keep longs on BTC, but now it is undesirable to buy altcoins. On the breakdown of the local consolidation, there is not much point to add value, because the trend resistance line is already at $ 7700, and the strong resistance zone at $ 7800. For ...
XZC is a chart that looks promising but its also dependent on bitcoin, this formed a double bottom, also bullish divergence on indicators. Orange resistance line needs to be broken to continue the double bottom. I like this trade setup for me and just sharing with you all my thoughts.
Its also on its last support so that is where my stop loss is set so if it ...
BTC is still above its long term up trend and I expect BTC to come back to its logarithme curve.
Log Scale ON - Weekly timewrame
https://www.tradingview.com/x/N2FO5WUP/
Log Scale ON: - Daily timeframe
https://www.tradingview.com/x/UlkpKZ3b/
Log Scale ON - Daily timeframe
https://www.tradingview.com/x/JzddSqfj/
Log Scale ON - Daily ...
So the price of Bitcoin has recently crossed a major resistance of 6800 on high volume, continued up for over 10% gain in a couple of days, then, despite being overbought on all time frames up to 1D went even higher, and finally retraced a little bit and I already see people calling a return of the bear. Did they expect it to go straight up to 10K or a new ATH in ...
