Low sales amid negative news from Bitmex- "Bucket shop" .
The fact of the news was known back at 1:00 PM UTC = as witness the walls of sell orders on the Binance exchange.
It is still problematic to swing buyers for the sale of coins. And 10,500 could be a stop for this sell idea.
There is still a...
This is one of the many paths bitcoin could take over the coming months. I think this is the logical play if we're to head to the top of the range, while also factoring in the CME and BAKKT gaps that exist.
It's typical for a walling wedge to have an inverse head and shoulder at the bottom of it, and the right shoulder being the retest of the breached...
Locally, Bitcoin is consolidating near the middle line of the large trend channel.
If the price breaks the previous resistance level (~ 10800), we will probably test the supply zone and the main resistance line.
Another way: it could break the support level (~10500) and sharply go down to the demand zone.
Best regards, EXCAVO
Bitcoin's sideways price trend has been going on for over a week.
Locally, if it breaks through the level of $ 9850, BTC will go down to 9350 area.
Globally, there is an uptrend and we have consolidated near the lower boundary of the bullish flag.
Best regards EXCAVO
First off, I'd like to shout out a fellow trading view analyst @filbfilb who predicted with high accuracy a $20,000 top and a regression to the mean of $3,000 in December of 2017 by using a similar style chart of analyzing a parabolic curve on Bitcoin.
I'm taking his concept and applying it to the current trend and 2019.
There are so many macroeconomic events...
Take a look at these channels ...
We are living in a side way market for now ...
Blue channel trying to tell us the uptrend to 11k and 12k, but we have serious resistance lines there such as 10800 !
I have to say, rejection of these lines will head us to the bottom line! 10500 is our first support(Its doing well for now... but for how long??)
We have confirmation...
✅In this video, we talked about how to use Money Flow Index indicator.
If you enjoyed this educational video, consider dropping a like and a follow. It really helps the TradingView algorithm 🙏🙏🙏
See you guys tomorrow ✌️
Take it easy.
~Bo Bugra Sukas
NOTHING GOES UP IN A STRAIGHT LINE.
Wow, no shit Sherlock.
But what can we expect from Bitcoin? I think we’re in for some weeks of relative calm movements in which Bitcoin accumulates back again on a higher level, before it continues to move towards the next resistance.
The $10,000 couldn’t provide substantial support and the move is a bit overextended in my...
As we can see :
- reject from 200 MA
- moving into Ribbon EMA
- bearish stochastic RSI ( on multiple time frame )
- our scalping indicator is being bullish but for now its neutral too
- MACD is being bearish ( on multiple time frame )
- RSI is moving upward on 4H timeframe
- also our indicator is being range again on marked...