I wish the next week to be even MORE PROFITABLE than the last!
Note that the resistance level has been following the price since September 2019. This line is strong and very important. 👇🏼
As we can see, the price is now in the zone. I expect LTCUSD to exit the zone and move up and reach the resistance...
should we ignore the rising wedge with falling volume?
by all means we could push a little higher but some are calling ATH, i cant see it without a correction. correction being fall out the wedge and then restest the underside and see where market wants to go
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Above $13,000 is a demand zone for whales filling shorts (wicks pushing price back down, lower highs)
The fundamentals/structural integrity above $13,000 is weak, a correction is overdue.
20 / almost tapped ~ $12750
Let me remind you to turn your attention to the strength of the resistance line. It dates from June 2018. Today this line plays an important role in our idea.💪🏼
As we can see, the price has already tried to break through the line💥, but it did not work.
As we can see, the price is...
Measured move depends on when/if it falls out of the bottom of the wedge, but a safe place to take profit is around the green horizontal support line.
If it breaks out above the red trendline, this is invalidated and the trade is not there. It would then be very bullish and set up a long.
I am updating the BTCUSD idea For YOU. 💙
I remind you to pay attention to the strong support line. The price of my new idea should come to you. The queue starts in April 2019.⚡
Today I expect that the price, having bounced off the resistance line, will continue its downward movement and reach the support line.📉
Hello friends! ✌🏼
We continue to MAKE MONEY. Thank you for being with me!
As we can see on October 20, the price approached a strong resistance line. The line gave strength to the price and pushed it down. Now the price has left the resistance zone and continues to move down to the support zone.💲
Today I expect the price...
Chart self explanatory. Hekin hows bigger green bars off the last selloff. That selloff bought as seen by the huge volume and price not dropping. Been like this every since the march drop. Going here as usual (They wait till saturday midnight US time to rise it)
BTCUSD had popped up when PayPal disclosed their adoption plans.
A surge in BTCUSD (and friends) took place and it is appearing not to follow through too eagerly.
Volumes speak much about a tired bull here, despite being fundamentally legit.
MACD although is supportive, it should be hitting a resistance soon too.
These, when firmed upon a last spike over the next...
Chart shows the weekly BTCUSD breakout that happened in 2020.
Retested the triangle breakout, it is well on its way up to 26,000.
MACD is about to support in a breakout as well.
This weekly candle has about 20 hours to go and should be ending is a marubozu type of candle... BULLISH.
Appears to be a good consideration to accumulate on pullbacks.
Set your alerts.
Breaking out on PayPal adoption news, this appears to be a legit breakdown to a new bullish trend but in the shorter term may run out of steam. With all systems go, and bullish MACD to support, only giveaway is the volume which is suspect of a consolidation within the triangle drawn.
Perhaps a chance when it comes?
Coming week will be the last before elections turmoil and is promised to be relatively quiet. We treat chances to see stimulus pack as low and recent rally mostly is partial pricing-in of Biden's victory.
If it is everything clear what will happen in a case of D.Trump victory, concerning Biden, it seems that 12K-12.3K area looks not bad for long...
probably one of the more technical charts ive put together recently but as you can see bitcoin is at an intersection:
horizontal price level
historical pump/dump rsi band level
a touch of the band can signal a reversal, a cross of the band can signal further movement
this level truly is crunch time for bitcoin, born in a recession and facing a new one,...