In the daily time frame we can see a bearish pennant. Also, bearish divergence is appeared in the RSI. Target could be the 10200. It could be a good support because it is near the EMA-100 and the top price of the June!
In sca;ing timeframe 30 minutes, we see that Bitcoin has formed a Bearish Channel Rising Wedge, that pattern is continue of the microtrend, in that case is bearish. We continue in bearihs sentiment at this Bitcoin. Logically because there are a buyers hope to buy in this lower level in the exact zone of $9,000 USD. So, what mean this chartist patter? That mean my...
I am not too sure if it is valid but the FIB levels seem to match up well. What do yall think?
If bitcoin cant jump apx 9800 usd; 1. target: 7600 usd 2. target 4900 usd E.S
X Force Global Analysis: In this analysis, we rationally assess Bitcoin's daily chart, from a perspective that is neither bullish nor bearish. Simply going through all the bullish and bearish evidence we spot, to discover scenarios with the highest probabilities. Bullish Evidence - The ascending trend line support, marked in the dotted orange line,...
ETH is at a similar spot as Bitcoin, giving us an answer to whether we are entering a bear market again coming months or that a trap is being set and we continue the bull trend that started a year ago. The bear flag on the right is what might give us the answer for this, similar to Bitcoin's H&S. The guideline for me is the bear flag. At the moment i am neutral...
On the daily chart at the moment the bitcoin has returned bearish. The efficiency ratio of the Kama indicator has exceeded 0.30 which is the threshold that separates a flat market from a trending one. At the moment we are at 0.47 and this confirms the bearish movement in place. Usually when the efficiency ratio reaches 0.7 and sometimes 0.8 the market top or...
Bitcoin (BTCUSD) has been aiming lower since reaching a top on the 6th of August. We warned about an imminent retrace and this is now happening... Let's take a look at the chart: BTCUSD is now trading below EMA10 ($11,300). In my previous article, we mention that any trading above this level is bullish, but below this level, we go bearish. The daily candle is...
Bitcoin (BTCUSD) has been aiming lower since reaching a top on the 6th of August. We warned about an imminent retrace and this is now happening... Let's take a look at the chart: BTCUSD is now trading below EMA10 ($11,300). In my previous article, we mention that any trading above this level is bullish, but below this level, we go bearish. The daily candle is...
You can short Bitcoin (XBTUSD) based on the following signals: Bearish engulfing candlestick pattern. Trading below EMA5/EMA10. Bear volume dominating. Bitcoin bearish on higher timeframes. MACD and RSI bearish. Stop-loss: Full candle close above $10,111. Targets: $9,500 followed by $9,000-$9,200. Enjoy the profits as the come. Make a habit of...
Overall, I think we retrace to somewhere between 5500 and 6k before we head back up. Full disclosure: I will be trading with BTC as my base pair from here on. I will likley sell alts if we see a hard fall, but I will stay in BTC and not use stable coins. I am of the belief that 3K was bottom and we won't see anything below 4K again. NOTE: This report does...
We are forming a rising wedge Or you can also say a bearish Flag over there but The thing is we are going to test at least 6k. Can drop to 5.4k. If This Helped You HIT THE LIKE BUTTON HIT THE LIKE BUTTON HIT THE LIKE BUTTON BTCUSD
On this update, I can clearly see bitcoin is within a bear flag, as well as bearish divergence. Will be entering a small short right here.
well the bull flag on the 1hr chart has broken bearishly downward and the projected drop this target is 6880...which is just enough to allow the current 4hr candlt to pass down back into the bear flag and down under it. There is just the tiniest tip left for the 4 hour candle to fit in on the bear flag so if its gonna happen its gonn a happen this currrent 4hr...
As you can see the past fe candles have been more or less trading sideways....I anticipate the price will break downward bearishly out of the current flag, which should help the price continue to reach the drop target from the larger bear flag of around 5700....I still have a limit buy back set up at 7590 and am waiting patiently...I expect it to go even further...
A bearish flag is forming on 4h chart. Now the price is consolidating. It will break soon to strong key support at around 8460 and bullish to resistance zone 95xx-96xx. In addition, the price has broken EMA, so be prepared :)