BTC #BTCUSD (Update)
Failed to Break the Resistance (100 MA & KUMO Cloud.)
Now Looking Bearish 4hr Timeframe .
If BTC Remains Inside the Channel then It Can Follows the 2 Scenarios.
- Test the 10k Support & Bounce Back to 11k.
- Test the Strong Support 8.8k - 9.2k & Bounce Back to 12k.
Don't Forget to Hit Like .
BACK AGAIN WITH THE BTC ANALYSIS !
SEEING THIS CURRENT STRUCTURE i CANT IMAGINE WE DONT REVISIT 9200 AREA AGAIN
AND POSSIBLY FILL THE 8500 CME GAP
I HAVE SPOTTED A MACD DIVERGENCE IN THE CURRENT UPTREND , NOW IT DOESNT MEAN WE WONT GO HIGHER BEFORE DUMPING DOWN
BUT IT IS A CLEAR SIGN OF WEAKNESS.
WITH THE CME GAP CREEPING IN THE CRYPTO ABYSS AND THIS MACD...
Bitcoin seems to be getting out of the strangle hold it has been in the past hours.
We really do need to clear that cloud resistance though if we want to see more upside.
We have resistance on the way, but i think bitcoin can do it
The clock is ticking on the daily cloud coming into play which ironically will also be the weekly close tomorrow.
Approximately 10850 is the TD flip price on the weekly, which means a red 1 could print on the weekly for the first time in 23 weeks.
If we close the weekly above 10850, we'll probably test the downtrend line from the top as well as the previous...
Bitcoin never tends to amaze us.
I believe we still have room for some more up.
We haven't yet touched the fib above, so expect a further more pushing to 11k ish before a small retrace, and we will see from there
Bitcoin may of completed a bullish inverse H&S reversal pattern, target is 12.1k. I'm not a huge fan of this pattern in general, and this is a very messy one, but considering other fundamental and macro TA reasons to be bullish, I'm long here.
Good morning traders!
Bitcoin has had little to no movement in the past 24 hours as buyers and sellers are at a stand still on price.
Currently, looking at the chart, we can see we had a strong push out of the $9000 zone on a single hourly candle that took us from $9200 to $10700.
This also lines up with our 38.2% fibonacci zone on this recent swing.
Well we seem to have broken my uptrend. Thats not the end of the world though. Right now we are currently battling to get above that 200 MA. It has been acting as a significant source of resistance for a while. Right now the 50 MA is sneaking up from the bottom to provide the candles with support. Well the 200 MA and the 50 MA will cross soon and the candles will...
Hello for my first analysis, identifying a basic chartist pattern: Head and shoulder!
Please be careful if you're short because the downtrend finished with the rebound on the bottom channel, like you can see on the chart.
Bitcoin really wants up, but it can not get there for the time being.
Why? Multiple reasons, not enough buying pressure to punch through resistance.
But support seems to be holding for now.
We shall see in 15mns or so with the 4h close
After 20 days of declines, the market's risks have been initially released and the bulls are regrouping to prepare for a counterattack. In the 2-hour chart, we captured the shape of the bottom of the head and shoulder. Although the right shoulder is still being repaired, we can feel the thoughts of bulls.
First of all, let's look at the 2-hour level, which is...
Moving right along... These trends truly are my friend. I cant guarantee it is going to continue going up but for now we are establishing the up trend which is good news for the bulls. We are staying above 10400. This is shaky though in my opinion. We need more volume. I am excited to see the uptrend. I know that we are currently walking up the daily cloud. The...