BTC in the recent past put in a head and shoulders pattern. The neckline drawn onto the chart is above current price and rejecting it. Volatility has flipped decidedly. News is that Bitcoin and crypto ETFs have had several consecutive days of outflows some perhaps when stop gold spiked. Dollar value has a role in this as well as it dipped and then recovered. I...
BTCUSD on the 15-minute chart appears to have formed a rising wedge pattern which typically forecasts a breakdown and a fall in price. Overlaid is the LuxAlgo predictive model-based on a gaussian regression line ( top shelf mathematics) with a lookback to the left for similar patterns on which to found the forecast. The algo indicator validates a bias for a...
BTCUSD on a 60-minute chart had been ascending in a channel but now has broken down and has dropped below the channel support trendline. As to whether it will retest that trendline which is now resistance remains to be seen. However, the MACD lines are under the zero level and RSI lines under 50, lends support to a reversal at this time. Volatility is...
It seems like this and imagined? Satoshi : "Hello World" !
BUY ABOVE 28060 CONFIRMATION WITH 15MIN CANDLE CLOSES @28060 SELL BELOW 27780 CONFIRMATION WITH 15MIN CANDLE CLOSES BELOW @27780 DISCLAIMER :- Iam Not A Registered Analyst If You Take Any Position Consultant Your Financial Advisor
My bias for BTC is still sell. I believe the buy momentum is temporary and it is waning off. I see BTC coming down to $25000 or $24,000 soon follow, like, and share what you think on comment session
BTC on the weekly chart is in a persistent downtrend for this year. In recent weeks, a bit of a bear market rally has occurred and stochastic RSI is now at or above 80 while the MACD has K and D lines touching. The weekly candle is a red Doji. I see this as about the same as the pattern of early April. I conclude that BTCUSD's bear market rally is...
Bear Flag on The Daily Timeframe, Shorting at the Upper Line of that Flag.
My bias for crypto remains to the short side. Normally I don't look at charts with such a dramatic orientation; however, if there is a chance at all that this orientation is later validated as THE top, that would be enough for me to remain short. Right now, bitcoin is barely hanging on in what is a fairly textbook bear-flag. Be well!
Hello All, Bitcoin having hard time to follow commodities and energies because it is not consumable. Bitcoin is not an inflation hedge instrument. In an inflationary environment, people would like to hedge their wealth by investing gold. Gold became a safe haven for money and seems like a smart move to allocate a portion of gold in a portfolio in inflationary...
Hi Everyone, After Re-test at the Fibonacci Level we are ready for a new ride. Market Structure Bearish: OK Price Below EMA 15O: OK Price in the Bearish Channel. Good Bye and Good trading
Given that we are in a downward trend and with the steps created, weakness in the buyer is evident and We are waiting for the formation of Kandel, which is starting a downward trend in this region . No method is as simple and tangible as Price Action . Long live Price Action
This seems to be the most logical play. ABC Correction to 61.8% fib level. This is not financial advice. Just my thoughts.
i think this time for sell first need ingulf 41000 after we can see 22000-25000 then pullback to 85
looking to short BTCUSDT 4H, used the fib ext+ STOCH indic the entry point will be 62377.51 TP1: will be the 61.80% of fib ext TP2: will be the 100 % of fib ext SL : will be the 64275.51 good luck ******************************************* Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel...
real quick update: It's a bearish divergence, what are you think about ? Judge it. Good Luck Traders 😉
This is one of the bearish scenarios which could occur for Bitcoin. Targeting $42k-$40k zone then bounces back. this scenario is invalidated if price goes above $51K.
Wait to short at resistance zone 43000-44000