#Bitcoin Inverse H&S Pattern:-
#BTC 30% Up My Long Positions.
Now Still I am Expecting $25800 is my 1st TP and $27500 & $31500 also after Hit TP1.
Now Must Need to Breakout $22000 Supertrend Resistance for $2k-$3k Candle
Bitcoin price is about to exit the bearish zone of the Ichimoku cloud (red cloud) and to close above the Leading Span B line which indicates to a bullish movement in the coming days.
I expect first a test for the 23k resistance then pullback to the ichimoku cloud Leading Span B line which will act as a support.
23k is not a tough resistance and most likely it...
Bitcoin short-term view - BTC above $21.000
Next resistances are $21.913 and $23.127
Next supports are $20.562 and $19.892
Volume low - price at EMA50 (4h chart) with quite big importance
What do you think dear Crypto Nation?
Drop me a nice comment.
*not financial advice
do your own research before investing
#Bitcoin Technical Analysis:-
$BTC currently trading at $20300
$Bitcoin Forming Inverse Head & Shoulder Pattern in Lower Time Frame.
As Per Chart Inverse H&S Pattern Neck Line Resistance Is $21000
So If Any 4 Hours Candle close above $21400 then Target would be $25800-$27400
Chart Only Invalidate below $19000 support.
So If Break $19000 then We can see More...
BITCOIN chart working nicely and support found at the lower end of ascending channel.
21400 is the resistance we fear the most as the middle off the channel and the21405 linear resistance co-exist.
NEWS:l
Bitcoin could stay below its historical high of $69,000 for the next two years after the latest digital asset market rout, according to the chief executive of...
Bitcoin is on its short-term resistance in the 4-hour timeframe, which is likely to grow to $ 22,500 and $ 23,500 if it crosses this area. Of course, due to the resistance range and the resistance of the trend line, we will have the possibility of falling to the support area.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Bitcoin short-term view - BTC about to lose SMA and RSI support
If this happens it will be interesting to see if ATH 2017 at $19.892 will hold as support again
We have seen this several times in the last few days dear Crypto Nation
Drop me a nice comment.
*not financial advice
do your own research before investing
Bitcoin has risen back above $20K after the weekend plunge below this key level.
At around $20K, bitcoin is now severely oversold following a relentless sell-off. There’s the possibility we will see at least a short-term recovery, although so far, we haven’t seen any clear bottom pattern yet.
Incidentally, the area just below 20K also marks the high from...
Bitcoin appears to be forming a pattern similar to last month. Last month the pattern was a Descending Broadening Wedge and not an Inverse head and Shoulders. The price breaks out of the Descending Broadening Wedge and it consolidates for a while until it reaches the price target then the price starts to get weaker until it capitulates into the next lower trading range.
Bitcoin is struggling to maintain the $20K's. It is forming a very narrow range between $19.7K or so and $21.5K. The Kovach OBV has flatlined, and the lack of buying interest suggests another dump may be in order, unless stocks have a breakthrough and can break out of their malaise. We must solidly clear $20.7K before attempting higher levels, the next target...
