There are two Fundamental Reasons for collapsing Bitcoin the giant cryptocurrency.
Selling from 40000 may be a good choice till 30000 again.. rest of all depending on others fundamental issues.. keep in touch
***Not trading advice***
If the pattern can continue to follow the same trend as in the 2017 bull run we will end up begin august 2021 with a top around 250.000,00.
Before a big sell off just like in 2018.
possible reversal
-> diagonal break
-> back in the range
-> HH within Range
conservative = Daily Close above Supply Zone
aggressive = anticipating HL around lower grey zone
Medium to Long Term:
EURAUD is currently trapped between two local demand and supply zones, making it a rather unattractive pair right now. However, EURAUD may simply be accumulating volume before a big move.
The local demand zone may hold, sending price above the local supply zone and above the resistive trendline. A break and retest would be ideal for opening a...
#REVIEW BITCOIN
Well, now we have two gaps, one below and one above 🤷♀️
I can see two possible scenarios here:
1. Bullish. Firstly we are closing the gap below, moving to $7000 - $7050 region. Next we are flying up, breaking the global resistance and closing the gap above. Main targets of the move are $7500 and $7700.
2. Bearish. Firstly we are touching $7300,...
I personally don't believe in any fundamental analysis. I trade with my technical analysis knowledge and Risk management.
What I can see, this is a short pattern.
I believe the best indicator is your eye.
Long term trades, manageable positions, Clean Charts and profits.
Peace.
BINANCE:ERDBTC is looking much healthy for a Bull run.Apart from the indicator we must notice that Binance has announced supporting ERD Staking.
Indicators: RSI , Macd both are bullish . Market sentiment is also bullish. Falling Wedge Breakout is also completed
(Just not forget to watch Price Movement as BTC moves)
We are focusing on FIb levels....
WTIUSD
Trading Bias: Neutral
This is an important level for Oil. If we bounce, then the rally may continue and there will be opportunities to go long. If we break below this level, then price will keep falling.
Alerted 3 days back to long HENGSENG, HSI Plays out extremely well and more upside to come. We might close the 200 point gap up but expect the trend to be on the up side to wards the yellow median line as of now.
NASDAQ is in a range bound territory and has a potential chance of giving a breakout above and turn the markets bullish and form a double top. it has resistance on the upside but yesterdays after hours move continuation can change all thay.
GBPJPY is still under downtrend trendline resistance.
Break of 141,62 will bring resistance and pair could go much higher.
If that don't happen I expect retracement to 139,67.
This zone under 141,62 and when it reach that level with possible test could be good for short position. In the other hand if it breaks this level we will see this pair much higher.
profit target at 6.60 USD. I suppose we have an HPS setup with the trend line divergences, the undersold stochastics indicator, the very much undersold relative strength index and the MACD line intersecting the signal line
It seems to me that it will bounce back off the support line one more time and possibly have a breakout over the resistance level. good luck...
![BTCUSDT: #BTC Update [April, 20th]: Two scenarios for next move !](https://s3.tradingview.com/c/ctdeslXy_mid.png "#BTC Update [April, 20th]: Two scenarios for next move !")
