Hi Traders! Today we're looking again at bitcoin, but this time with the long-term lenses. Currently, halving comes out on May 11, 2020, and many people have speculated based on the past that if history repeats, we should grow before halving. Subsequently, in the halving period, we would slightly decline (even consolidate) and grow again. The bitter surprise...
4H CHART EXPLANATION: - Price bounced at the Weekly Resistance Zone. - Now, it is facing the short term Ascending Trendline. - This scenario that we are considering is just a short term move towards the next support zones, looking for a retracement of the strong upside move. - Will wait and see how the trendline reacts. - Keep in mind that the main trend on this...
4H CHART EXPLANATION: - After the volatility at the opening last night, which made price to drop to the Support Zone and then it was strongly rejected, it has broken the Resistance Zone and the Descending Trendline. - We consider that it has potential to reach the Resistance Zone at 0.8800. - Will look for a lower timeframe setup to get involved on this pair. ...
IF We see good bounce from here some things I'm seeing are: $ Bullish divergences: 4, 6, 12 and Daily Time Frame (Need to reverse though to confirm the upswing on RSI) $ Descending broadening bottom pattern $ Hit the 50% retrace for overall 6440-10400 FIB on log $ 1 HR cooked at 8-10 very historic low
DAILY CHART EXPLANATION: 🔸 Price is on a clear downtrend since 2019. . 🔸 It has consolidated on a Daily Wedge Pattern. . 🔸 Now, price is facing the confluence zone between the Support Zone and the lower trendline of the wedge. . 🔸 Will wait to see how it reacts, and, if there is a clear scenario, will look for a lower timeframe setup. 4H CHART ANALYSIS:
Usdcad is at a key level I suggest putting this pair in you watch list Two scenarios can happen Remember these two scenarios You can get into the deal by following the price according to your plan strategy Thanks for taking the time If it was useful ,hit like.
Here is a possible breakout retest scenario I am looking out for. It might not happen, but if it does, then I am prepared.
Personally I am into a sell since 109.010 Arrows shows possible scenarios. Feel free to leave your opininons/thoughts in this pair
Hello friends! In this idea i would like to show you how a possible Fakeout scenario on Bitcoin (BTC) could look like. While the price was moving in Falling Wedge (Bullish Candlestick-Pattern), the price made a decent downwards move - as per my last idea (linked below). Many traders, especially here on TradingView, were expecting a strong breakout to the upside....
We can see we are at the end of a triangle that formed on a support that goes back months from here. We can bounce to 8700/8900 USD or we can find support at 7400/7300 USD, either way trade this short term operation as soon as you see wich direction the breakout is going.
Hi everyone, Welcome to another update on Bitcoin where today we examine the bearish scenario. The bearish scenario I am seeing has a $6,800 level target, with the following confluences: 1- Target of weekly bear flag 2- 78.6% fib retrace from ATH to bearmarket low 3- 50 Weekly Moving average 4- Historical (2 year) S/R line with significant VPVR Best way to...
Trade with criteria , I already mark on chart. Now Long is R/R better than Short. But everthing can happen with Gold. Only have plan A,B,.... to fight back. as I told some follower in chat. sorry if i answer late in chat but I will try my best . ^_^ *** Risk management is important than signal or entry/exit point.
Hi Traders! Last night we witnessed a sharp move on the bitcoin and the whole market . Bitcoin fell by about 15% and altcoins by up to 20 - 30%. So let's do a bitcoin analysis so we know what actually happened and what could that mean? Scenarios: 1. Triangle 2. Channel We have been watching these two scenarios in recent weeks. Although it looked like a...
Hi Traders! Today we look at BTC / USD. The summer is over and we are waiting for the key movement that will determine the direction of Bitcoin for the next months. We are currently in a key area where upward bounce to USD 11,000 should occur. We can annotate the previous move to 5 waves and we are currently at the end of ABC correction . The fact that we...
A retest of 10k is in the way, and a daily close like this will result in a rejection.
Hi Traders! Today we look again at bitcoin. On September 23, 2019 BAKKT institutional trading will be launched and bitcoin is waiting for more significant movement. We are currently tracking 2 main and priority scenarios: BULLISH SCENARIO All summer we are in one huge triangle and before launching BAKKT the price grow up . Why could it be a triangle?...
This weekend , I try to study more in Gold chart and read other guru discuss about Gold. They talk in two sides , Mostly talk Gold will drop after this because of COT data and another side look Gold Still Bullsih heading to new High. For me, I don't care which way Gold would like to go. Only move 150+ pips per day it is Ok for me. We only use Stoploss and follow...