This pair has put in false breakout as well as Double right after. There is also Bearish divergence on RSI confirming bearish bias.
Currently pair has broken previous structure support, turning it to a resistance.
Sell @ 1.13302
ATR Based stop loss above the previous heights @ around 1.13478
First take profit target @ 1.13052
Second take profit target ...
Given the weighting of mean period volatility, the bearish expansion of probability volatility, and rejection from institutional benchmarks, a sustained downtrend is now probable.
A short entry from this current price is an excellent idea.
Set a stop loss above 7000.
This trade has over a 6 to 1 profit ratio.
Use this trade as a hedge, a longer term position ...
QKCBTC 682 SAT (BINANCE) CURRENTLY 4% UP
MFI GREEN SIGNAL - OVERSOLD
MACD OVERSOLD BUYING WILL START
TARGETS 800 - 922 - 1119 (week time) - 30-60% profit in 7-14 days.
STRICT STOP LOSS FOR DAY TRADING OR 2-3 DAYS: 600
LOOSE STOP LOSS FOR ST & LT: 530
Something different from me, hopefully, You keep the pace and You will understand what I would like to mean.
Here are the colored price areas with some confirmations inside boxes until Friday.
Let's start from bearish confirmation areas: Red, mid-red and light-red
The red area:
If the price reaches into this area then it would be very ugly drop because it ...
Expecting BTC to pop up above the value area then dump. Last time it was because of USDT FUD that was almost certainly just a media plant to get the price into an ideal shorting location.
Price projections are rarely good for timing the date but can be useful for estimating the range of the move.
This looks like around the 1.27 extension would be a decent entry ...
Right now we are sitting on a very intresting turn. RSI (4h) is very bullish atleast short term and the pattern formed is straight Bear. Right now it very hard to pridict what is going to happen. In my opinion even if we have a drop it must not drop 3100-3200, as 4h RSI will break the chart in hat case. lolx. But intrestingly daily RSI has a lot of space for drop ...
The past few days have seen again bitcoin doing some interesting patterns.
It is basically performing a move called "Sideway Movements With A Lot Of Spikes"
Usually A spike will occur and it will demonstrate a trend continuation or a trend reversal.
But today, yes, today on the 4 hour chart. It is the 4 hour chart. We are literally seeing
"Sideway Movements ...
Something strange just happen for BTC/USD for the past few days.
The RSI has increased close to 40 over point but BTC/USD has raised to the highest less than 200 point.
***This is just information sharing.
The price was broken at the the trend line. The break of the trend signals a downward movement this will be confirmed by a momentum candle to the downside
The candle was tested and rejected.
The lower-end of the trend line is the current price area of dominance.
This is what happen to me recently.
So on the day, which everyone should notice, there is a sudden outbreak on the chart as shown which later straight after the 2 min 200 odd points rise, there is no more bullish movement.
A few days later, the same thing happen. But this time round, the exchange that I am on temporary halts all trading. The reason when I ask ...