Consolidation on BTC and a loss of the 4 hour support.
If we break the pattern of a higher low every day, our daily lower high in the tightening range will be set.
The break in this pattern will likely be what leads me to take the rest of my BTC position off and patiently wait all cash for a break of the tightening range.
Still keeping an eye on the tightening...
Priceline of Pundi X / Tether US has almost completed bullish CRAB pattern and entering in potential reversal zone.
RSI entered in oversold.
MACD turned weak bearish from strong bearish.
Volume profile is showing less interest of traders now.
I have defined targets using Fibonacci sequence method.
Buy between: 0.00039450 to 0.00017400
Sell between: 0.00056593 to...
this is the 1D timeframe and you can see that Bitcoin is facing heavy resistance -- represented by the black line going across. Just what does that black line represent and why is it important? Well, if you look at the 1M (One-month timeframe) you will see that BTC has not been able to close the month above exactly this point ($10,800) This will be the third month...
Priceline of ICON / Tether US has formed bullish BAT pattern and entered in potential reversal zone.
RSI is oversold.
Volume profile is showing weak interest of traders here.
We also have a strong support of 0.1807 sats just beneath the potential reversal zone and price action has already hit at this support 1st time after Feb 2019.
I have used Fibonacci sequence...
In this piece I'm going to shed some light on the most basic, and yet, most overlooked TA tool to exist in chart analysis, the Trend Line. A trend line is a simple way to plot the price path of any asset. By connecting a set of lows or highs you can see the general direction the price of an asset is moving.
Looking at the daily chart of Bitcoin we can see the bear...
There appears to be a potential H + S pattern forming on the daily chart of Bitcoin, whilst it is too early to action any trades based upon this analysis, it is worth noting.
A sustained move above $12,000 USD would support this pattern resolving to the upside, the measures move of this H + S pattern would suggest a potential upside target of $15,000 USD.
Let’s take a look at the daily Bitcoin chart! Click the link below for my analysis on the last 24 hours of Bitcoin trading.
GoFundMe page for my daughter: www.gofundme.com
DISCLAIMER: This is not...
Priceline of Harmony (ONE) / Tether US has hit the strong support of 0.00952 moreover the price action also could not break the very 1st candle stick's low 0.01091 and between these two supports the candle sticks are consolidating now.
Volume profile's complete visible range is showing low interest of traders here.
I have used Fibonacci sequence to set the...
Priceline of Bitcoin Cash ABC / Tether US is forming last leg of bullish butterfly.
I have used Fibonacci sequence to the the targets:
Buy between: 309.20 to 303.90
Sell between: 313.34 to 323.31
Atif Akbar (moon333)
At this point, we have 2 options for Bitcoin. Either it's forming a bear flag or it's heading towards the black trend line on the top. Here's possible entry points for long or short positions.
Long Entries: 1) Above 10,400 2) 10,300-10,350 range 3) 10,150-10,200 range (Stop-loss: 10,000)
Since I believe Bitcoin is unlikely to form a bear flag but rather will...
Beating a dead horse here because my analysis from August 7th is playing out with uncanny accuracy. We are still trading inside the large wedge that has formed. We set another lower high and higher low. If you look at the chart with a long term perspective we could just be forming another bull flag from the 30% pullback, which is a staple of a Bitcoin bull market....