Hi,
After the drop from $12,000 to $9,500, the Bitcoin price and altcoins have made some short-term gains. The bounce came from the trendline which printed a new Higher Low. In general, the price has started to move between two trendlines. From the top, we have nice and clean Lower Highs, from the bottom, as said, nice and clean Higher Lows. It all indicates...
Bitcoin broke the bear flag formation we had since a week ago since the 10500/600 broke. This is a first bullish sign, but doesn't mean bears are gone. I see it more as if the bears took the pressure off than being bullish now. As long as we move below the 11200/300, i think the bears are still in favor. It's even possible that the high is already set as well at...
Direction: Long
Reasons for open position:
- Price in upward channel
- Support zone by trend
- Target near 11300
Guys, if you like the idea please put like button and if you have your own ideas you can share it in comments, I would like to see it.
Also, you can ask me questions which you have in comments! Please no need to write them in PM, ask in comments!!!...
After nearly two months of consolidation, Bitcoin seems to have hit a multiple buy signal zone.
We do not overlook the 1D Channel Down (RSI = 49.943, MACD = -141.600, Highs/Lows = -0.3575) it has been trading on since the June 25 (and 2019) peak, but the August 15 low comes with the following buy signals:
1) It nearly tested the 1W Higher Low supporting trend...
Bitcoin looks good today. The Uptrend was renewed, but soon we might see a small correction downward. Why? The trend has formed an upward 1-5 Elliott cycle, but after 1-5 we have to see an ABC correction. Our goal is to gain LONG position, so we need to define supports (zones where we can place buy orders). Well, we can see two important support levels: $10500 and...
BTC is approaching a significant supply zone.
On 1 h chart the market is trading within a rising wedge pattern.
Your plan is:
Let the market reach a supply zone
Then wait and sell bearish breakout of a rising wedge
T1 - 10100
T2 - 9500
Stop above the highest point of the wedge
Who sees the wedge?
The whole market sees it, this is a short figure, only now they are making different decisions. It will be wiser to wait for a breakdown in one of the parties, and then enter.
Most take shorts and hide a stop for $ 11,000 - $ 11,250.
access to the Vit channel from the signal
that go to subscribers earn from 10% per month
write in a telegram...
Good morning dears bulls & bears this is our daily update for btc,
Please read these details we mentioned below this chart carefully. Thank you for your support.
Brief Summary for our point of view and our previous updates for btc
as you know our view for btc is bearish and we looking for more retracement as long as btc moves below $10950/12000 Daily
On 5/6...
above you can see that prices are now consolidating i this triangular formation and any move above 10800 and 10950 could lead us to 11200- 11350 next major resistance zone
RSI showing strength and strong bullish divergence in 1h chart
100 MA in daily chart has already tested so no...
Consolidation on BTC and a loss of the 4 hour support.
If we break the pattern of a higher low every day, our daily lower high in the tightening range will be set.
The break in this pattern will likely be what leads me to take the rest of my BTC position off and patiently wait all cash for a break of the tightening range.
Still keeping an eye on the tightening...
I show you on the chart best Sell Zones on my thoughts.
At first BTC can bounce from the Mirror Level 11100.0.
And the second Zone is near the higher border of the channel.
BTC has been following the larger tf Fibs quite closely.
Now we have two smaller tf Fibs in confluence here.
Price has not rejected yet, but bulls need to run fast.
Left chart is 12h tf with the primary "Golden Fib" in play.
Right upper is 1h tf, with an Impulse that might be ending.
Right lower is 15m tf, with small last Impulse also ending.
The left chart's...
Analysis of chart patterns:
A triangle is forming on the 4-hour chart, which is a strong trend continuation chart pattern.
We are seeing a continuing price consolidation in a narrow range: after the bounce down to $9,500, the price has formed a new local low, higher than the previous low. The highs have been declining as well, thus forming a downward trendline....
Good morning, traders. I've been looking for some kind of definiteness in movement but haven't found it this morning. H1 RSI printed a hidden bullish divergence and is in the process of possibly confirming it. Currently, price has printed a local descending broadening wedge with a target of around $10950, possibly printing a double top. I have included the...
This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew significantly within a short period of time making the BTC/USD pair quite popular among active traders and investors. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
