To be honest, it is really hard to trade in the market right now, but I discover and found out thru the pattern and volume trade .
Bitcoin might be move into ABC correction, from A to B point might hit at the highest close resistance line., the C is still unknown since too much of issue and news effect, my C target will be touch down the lowest support.
For the Perma Bulls, this is your price range to break $9,729-9,768
A final chart to compliment pre-existing authored one's for today. Thus far a good efficacy rate has been obtained as per trending conformity, with areas of key resistance identified. This chart elaborates a bit with respect to more detailed indicators, and highlighted areas such as, zone to...
Trend lines GALORE and fib retracement tool, which is fairly self-explanatory however; let's expand.
0.618 rejected, which previously acted as support so we know for the interim $9,666 is a key area of interest to break to validate a temporary reversal, with a higher high holding above the bearish trend line, and breaking to the upside, which i doubt very...
This is just one of the possible scenarios, no1 is sure what will happen, so keep that in mind.
Recently we had a parabolic advancement, they usually retrace more than 80 proc in any markets. There is an unfilled gap at spike from 4 - 4.7k, having is coming in April, 86 proc BTC already mined. Whales need to accumulate as many BTC as possible from retailers,...
If price action breaks towards any of the point then it will result in the testing of respective zone.
I'd recommend to short/long from the respective breaking points.
As the title says , we're reaching the end of a perfectly respected bullish descending triangle pattern, entries must be confirmed with aditional indicators and maybe some news to have a more precise point, also you can find our potential long entry zone plotted.
If the breakout happens, the first test will be around the 0.23 Support wich equals more or less to a...
Looking at the 1H chart currently:
Bullish signs:
Retrace into optimal fib zone for now
Some local higher lows
Clean break above 4040 would add bullishness
Bearish signs:
Struggling to stay above that white level which is also 0.5 of the range we're in right now
Made a swing failure which indicates a stop run was made for shorts
Clean break below 3730 (last...
So just earlier we saw Bitcoin drop below its existing trend line for support. Then it popped up back above that support meaning we had false breakout downwards. So I'm taking this as another confirmation for the existing trendline we are on. Currently we are relatively oversold on RSI, MACD has crossed indicating the end of the short term downtrend, and Volume is...
