As we didn't expect - the rumours about BTC payments pulled BTC price higher than H1 downtrend channel.
As we expected than - a good bounce from the resistance of 40500 - 40000 to the level of 37000 - 36500.
The price now is about 37000 and we should share our trading ideas with you.
The main thing is that we are still in a major sideway correction.
It is on...
There is an idea that BTC still needs to have a correction.
We saw good manipulative pumps few holidays.
We saw a good attempt to move BTC higher again.
But now we see that small investor is still is not ready to pull the price higher.
Not now. And it doesn't depend on good news.
Just not enough minerals (LOL).
You can buy or you can sell shortly, but in...
In the daily time frame, as you can see, after each intersection of the MACD lines, the price moves down a bit. This has happened again and the price is expected to move down a bit. But in general and in the long run, the price is still bullish.
Good luck traders 😉
BTC continue to move down as we expected previously.
There is still no buyers to continue the uptrend.
Nobody wants to buy high. Reasonable.
So the idea is that BTC should correct till 34000 - 32000 soon.
Technically, we can see a strong level at 37300 on 4H and 1D Fibo.
Manage your short positions carefully.
Always remember that forecast is nothing...
Finally BTC has bounced from 29278 and is close to the resistance level of 35000 - 36000.
The movement was quite predictable, as we wrote it before. BTC continued to move in its "profit channel".
This week BTC has touched the bottom at the end of the week and we can see a good speculating effect of holidays.
But it is early for BTC to go higher. If this bottom...
BTC seems to be quite predictable last weeks.
The reason is H1 channel, that shows us flatting downtrend of BTC.
As we expected the bounce from the support zones yesterday, there is an idea that the price can move down again.
If that happens, we can see BTC retesting 31000 - 30000 zones with a new bounce effort.
If buyers continue to show the interest, there...
BTC is showing the local downtrend moving as we have posted in the previous scenario.
We can see at least 8 efforts to break through H1 trendline and 1 good effort, that was also ended above 41000.
The idea is that right now BTC meets a strong resistance of both trendlines.
It can be another good time to retest the support levels of 31000 – 29000.
May be it...
This week BTC lokal price reached the high of 35500 and couldn't breake the downtrend line. This local high now looks more like a bounce from last deep.
Today is the date of futures experations on CME. We think that this bounce was made specially for big capital to come out as profitable as possible.
Scalper Season analytics have an idea that BTC sale is still...
H4 Stochastic forms a bearish divergence and price comes the trend line breakout.
SELL around 34600
Stoploss : 35800
Target : 33000
This is not a financial advice and it is only for educational purpose, Do you own analysis. I will not be responsible for your loss.
As mentioned in my previous post BTC testing its (B) wave retracement upto 38.2% of (A)43370
But the target for 'c' of ABC flat(B)is 41863 as A=C.
Whatever may be , upside is capped by this week end .
The next wave will be on DOWNSIDE wave''(C)'', targets given
5 waves move from 12 Mar '20 finished. Also we've got A and B waves of correction with 12345 structure. On daily chart we have 12345 structure and ABC correction formation. But on monthly chart Bitcoin seems like it came from nowhere to the moon. It got pumped when COVID-19 happened. Also it will be dumped back when it gone. In daily chart we're waiting for...