Hello World, As you can see XBTBT Currently in Descending Channel, XBTUSD moving up since last crash with all green candles with strong buy volume, Today XBTUSD tested $9460 resistance, 11 days to halving, i am not 100% bullish on XBTUSD because there is rejection possible similar last one. A expected CME Futures Short still be in our minds. Bulish...
I closed my previous M-formation trade as it appears to have been invalidated with sideways movement. It still could be in effect, I just want to go with a new trade setup. Now expecting a third test of 9000-9200 horizontal resistance along with the 14k-10k longterm trendline which will be around the 9350 area over the next 24-48h. This is a severely difficult...
It's happening! It is here! The moon is close. A beautiful triple bottom formed and with a nice break of the downtrend. Now it gone to test it's support uptrend line.
Chart says it all. On Daily, and 4H there is a clear M-formation (easily visible on 4H). If we continue this formation we'll have to go to the base of the M at the very least, which is around 7754. After the last leg of an M formation, it will rise up to the M neckline again, which is around 8410. From that point the formation and reaction has completed, and it...
XBT at weekly 61.8 fib level Bear flag consolidation in full swing. Elliot waves within flag.
Hello guys Whats up ? What are you doing with market ? I hope that all of you took profit from last jump We think we are ready to do some rest with market It can be happen to this area on chart Dont forget STOP LOSS ( SL ) Good Luck
Hey traders, Hope you are all well! Bullish case: Halving, volume increase on weekly candles more adoption. Bearish case: The chart itself low volume a good retest to the 5200 is possible. Cheers
#Update ideas on Bitcoin dated April 07 . From 7450, Bitcoin began to slide down. In 7 days was formed some kind of five-wave structure with multiple overlapping. I marked it as leading diagonal triangle in the first wave, after that printed zigzag in (2) wave. Also is likely the scenario as on ETHUSD, where a triple zigzag complicated the correction. Instead...
Hello friends. Once again, we made adjustments to the overall picture of the price movement (given the upcoming of Bitcoin Halving). Locally high probability of a sharp decline in prices to the level of 6000. In general, in the next month we should not expect a decrease in prices below 6000. With good buying support and strong media support, the rapid rise in...
It's not Financial Advice just a Analysis , Because These are Corrective Pattern but looks possible it will touch top of channel for next correction. We will open any trade until it clear its move,open and short between the trend is always risky. Only scalping can be happen. t.me/tradingheights
This week bitcoin moved back into it's range. The 50 DMA is pushing it down, right now we are finding support on the 21 DEMA. Considering we have not closed above the recent range high in 5 days is looking more and more bearish. That said I only give it 60/40 right now, this because candles reveal indecisiveness. Wick to supply close below and wick to demand close...
If it is making Expending Leading Diagonal then it has reject by 7000-7100 to complete its E wave because me personally believe that it has one more leg down for completion of its E wave of Expending Diagonal pattern. then No One can sure about it is corrective A wave or 1st wave of Impulsive downward but due to fundamental support we can only assume this will...
Why my previous shorts have failed? Because I did the analysis on weekend when S&P didn't worked so it was all BTC work. Kudos for high stability so CME won't open on Monday with gap, thus those huge spikes. Now since Monday we started to PUMP because uncle S&P started to PUMP also with a wooping 4%+ without stopping for a correction. Today I've notice S&P is...
Hello guys In here we have power of bearish on market It can be continue drop to that area we shown it on chart Dont forget SL ( take position with your own strategy capital management )
So i added up a ascending channel and took some ideas from @transparent-fx . Aaaaand this is what i got. Please comment or message me about your advices or my mistakes.
Market entered into ranging which side likely to be dominated Short Side evidence : 1.Should retest weekly support aroubd 6.8k before trending up. 2. Most Oscillators in overbought region . 3.Forming a possible double top on 4h(conformo aftr close blw its nekline) 4. Not much expected volume for a healthy up trend. Long Side Evidence : 1. Gap on CME...