Bitcoin continues to find buyers whenever it retests the 50% pullback low. With every rebound, the price, however, created yet another lower high, forming a downward pressure within the consolidation. The crypto market has been extremely vulnerable to any news from major governments to tweets from Elon Musk. We continue to see Bitcoin under negative pressure...
Bitcoin, break up pattern. Wait for confirmation
Bitcoin,D1: Support level + Bollinger bands + Candle patterns + Oversold + Divergence + Discount
Bitcoin is in the channel. If bitcoin breaks the channel, then take long with target 39k or 42k. Is highly recommend to trade this setup on 5m chart for better entry.
Bitcoin has completed 5 wave pattern yesterday when it attempted to clear 38K zone and now what looks like is it is moving in 3 wave correction pattern. So it has already touched point A for ABC pattern and is heading towards Point B from where it will move to Point C. Now there are two scenarios to it. Scenario 1 - It bounces off at 35K zone and completes its...
Bitcoin broke the trend line. Best entry on a pullback to it.
Bitcoin is currently trading at key level longs can be opened from this zone.
Bitcoin is forming a pennant pattern on the 4hr and 1D charts. Although I am still waiting for a retest, this pattern is extremely clear and because of that I believe that it is very strong. Throughout this drop over the past few weeks, many pennant patterns have formed and almost all of them have resulted in a significant change in price... Here is one...
Bitcoin along with other cryptocurrencies continued to be scrutinized by countries and social media, with the latest one from Weibo suspending crypto accounts. Bitcoin has been consolidating for half a month and it is coming to the end of a bearish flag which, from a technical standpoint, will result in more selling. This week, we can expect the price to break...
Bitcoin likely to go lower from here and test support at around 30k. Trend is short on the Super Trend indicator and is also below the 200 ma. RSI levels are still technically not overbought just yet trending around the 30 band. As you can see price is also forming flat candle price action just after a drop forming a bear flag. Hold onto your butts kids.
Bitcoin broke wedge pattern. Scenario with missive SL hunt
Bitcoin has seen a big sell-off in the last few weeks but it appears that resistances may not be broken so easily as recent intraday recovery looks corrective. In fact, on some important markets we see impulsive sell-off, meaning corrections can be deeper after bear market rally. Grega
Bitcoin out of the triangle for the last 10 hours and inviting Buyers as it gains momentum. The price is now at the first resistance (small one) and coming closer to the 40,000 psychological resistance and the much bigger technical one at 45,000. You can check my previous ideas below for the longer term projection. One Love, the FXPROFESSOR
Bitcoin, price still in a range i wait for break out pattern
Bitcoin definitely looks like it wants to try and test the lower levels. Sub $30k is an increasing possibility in my mind, continues to lose levels with no real buying pressure regardless of any articles that may have you believe otherwise. I believe the bull market has come to an abrupt end but not all is bad, I do not believe we will see a multi-year bear market...
Bitcoin may be in the process of establishing a higher low formation. IF the current candle can close green, and then take out its high during the next candle, a new buy signal will be in effect based on our LONG only swing trade strategy. How does this compare to the recent bearish price structure? Buy signals based on candle formations are only one part of the...
Bitcoin is trading within a technically confirmed symmetrical triangle. These formations are typically biased to continue in the direction of the trend, as in downwards. This is further supported by the incredibly weak overall technicals, the weak, weak bearish RSI channel in particular, in which the RSI barely even manages to retrace to the green RSI 50 line...