I have struggled with further scenarios, after the bounce from my mentioned level at $7,930, because there are two, almost equal, resistance levels which can play an important role in the next movements.
To be said, I'm still with mid-term bearish bias because of the Weekly bearish candlestick pattern Evening Star. The price can make another $150-$300 leg upwards...
Hello Brother...
In this update, we will try to explain the most important points about btc, to you in the simplest way possible!!
Current Movement:
Btc moves between $11500 /$5500 as Current trading range!! between these levels, you can extract the good support levels and trade the price Action from these levels, as we do until now!!
Best Buy zone for Current...
Basically what we have forming is a descending wedge which is a signaller that we will be having a reversal in trend. We will go up for one more touch then return downward, will also put another idea up that shows why this will be the case.
As you can see the HVP indicator is low nearly at 0 this is indicating that a huge move is incoming the next 24 hours
hard to know which direction it will take but more bullish sentiment now
So there's a H&S-ish looking pattern going on here. However, I am not 100% sure, as this looks a bit distorted.
Then there's also a rising wedge at the same time, which tells a higher probability for downside as well.
But as the last times BTC just wonderfully ignored any TA, I am not sure myself this time.
BTC maybe wants to make it look as if an imminent...
Bulls keeping control as long as this uptrend remains intact.
The 2D chart has the most clarity for me otherwise.
We are watching for 3 scenarios:
- Daily continuation
- 2D Head and Shoulders Reversal for more weekly consolidation
- 2D Lower high and equilibrium
Knowing the frame work of the setups on the longer term time frame, the 4 hour chart can give us...
Hello friends!
The price slowly moves to the zone of the beginning of a possible strong impulse down.
We recommend to look for sales with targets below 7000.
Good Morning my fellow Bicoinistas!
For those of you who follow my posts you know I have been watching and posting on the Weekly progress of Bitcoin for some time. A major indicator on the weekly chart is the fact that Bitcoin made the 20/40 Week moving average cross on June 2, 2019 and the gap on that cross continues to expand and the bitcoin price continues to...
What we see unfortunately is a rising wedge formation in BTCUSD yet throughout the process of consolidation we may catch a break and hence the reason I’ve drawn two possible scenarios for us to pivot and consolidate.
We should hope for the latter but if not we could take profits off alts this weekend so worry not!
As always it’s A good idea to set your stop...
Daily chart:
Bitcoin is testing the key resistance level 8310 at the area of middle Bollinger band, where sell-offs can take place and as a consequence a new phase of the coin’s quotes decline (black arrow).
But we can’t rule out an option, that bulls will successfully settle above this zone, that would open room of the upper Bollinger bands for them (red...
Two day's ago we had a higher high candle close (the candle which got a close above $8,000), a few hours ago we got a higher high candle close on the 1H.
This 1H candle was pretty powerful and the buyers pushed it straight through the blue counter trendline (down-trendline). Yesterday, I said that those two blue trendlines make a Triangle chart pattern. Triangle...
Everybody and their mama are calling for HnS. When this can be true and correct, there are some MAs crossed, that suggest a possible further movement upward.
It looks very similar to 2014 pattern. There is one major difference: purple MA crossed up the blue one (200) when it did not happen in 2014. Which makes me think, we have one more push to 10k region. (Blue...
Btc/usdt analysis using Elliott wave and wyckoff and harmonic and techniques analysis
Now we are in the 2th wave and should dump from 8303.9$ ~ 8553$ to 6857.6$
And the wyckoff theory told that we are In distribution phase.
And 8303.9 ~ 8553 is a strong resistance so be careful from the upcoming dump
And we have a head & shoulders in 1d fram so be careful.
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.
