Following the continuation of Bitcoin's November correction (to what is otherwise known as President's pump to $10500) towards my first $8400 target based on the following LMACD cross Sell Signal:
I thought it would be productive to see if the wider +4 month...
Bitcoin (BTC) price is still retracing from the massive rally two weeks ago, which leads the sentiment to turn bearish. Several signs indicate that the price needs to reverse quite soon, or the whole upwards move is deleted from the charts.
Let me know what do you guys think about the current situation of the market ?
I'd definitely appreciate your action of...
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Reasons:
- Price in Big Downward Channel
- Price got all SL above 8700 after fake breakdown
- Key Level is 8700 $
- I expect that price will continue to decline of Key Level
- Key Level is 8550 $
- 1st Target is bottom part of channel 8150 $ and lower
- Always do your own...
Hello my friends! This is a quick observation and comparison from September 2019 to our current situation.
We are backtesting the RSI to spot a short opportunity for another price drop. Please see the Trend Line (dotted line) on the RSI
and the shifts from oversold to overbought.
The price is also moving along the EMA20 after a bearish cross with the EMA50, just...
Everything is going according to the past plan. That is, fixing under the level of 8730, after a decrease to 8400 and a rebound.
But what to expect next days?
The main levels:
9450 - is the support level that was tested three times, so this is a strong level, but you can’t be 100% sure of it, since it was broken and then acted as resistance for a couple of days....
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.
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#BTC
Bulls fail to breakout $8800 and the bears flooded btc to...
Despite the look of the Chart, there is nothing complicated in this idea. We will go through everything in order.
Firstly I would explain why I used the headline "Downtrend confirmed". As I wrote in my previous idea the bearish signals overwhelm. The resumption of Uptrend stayed relevant until the recent price decline, that broke the strong support level which...
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Hello traders investors and community. The prince is here for a royal analysis on bitcoin. There are some good signs revealing in the charts which I show you.
We are looking at the 4-hour chart. Let's...
The pattern:
The leading cryptocurrency is forming a bullish BAT lets have a look on this pattern.
1. After initial X to A leg the A to B leg is retraced between 0.382 to 0.50 Fibonacci level which is perfect fit for A to B leg of BAT.
2. After formation of A to B the B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg as required...
Bitcoin is no different from the central banks. The scam is owned by the 1%, who own 80% or more of the entirety of bitcoin. The future is not a punk riot. The future is not based in fear and greed. That is the past. Blockchain technology is great, but technology itself doesn’t create the future, people do. So there is no bitcoin utopia. Bitcoin is only creating a...
Currently sentiment is extremely extremely bearish, and this is when I love showing a completely opposite scenario.
From what can be seen on my chart, the fibonacci support has been rejected cleanly, gann fan also. At the same time, downtrend gann fan trendline is broken suggesting a strong bullish move in coming days.
And finally, 100 MA was rejected, which can...
BTC Formed Diamond figure. The price of an important uptrend line, from which everything depends on the reaction of the price (yellow line). Also, the price has been for a long time above the downtrend (white line).
If the uptrend (yellow line), which acts as a support, maintains and the price moves up, then the first goal is $ 9700-9800 A very important area of...
Checked H4 - if a diagonal is in place, then it is a wave C of and ABC and expect a strong move up.
Daily frame and H4 to show the context and the set up to go.
I observe my pattern, rollback - flat movement - consolidation (small).
There are borders of flat movement 8550 and 8440, near these levels there are blue rectangles, from which it is better to work.
1. If the price is move to the upper rectangle, then (there will definitely be consolidation) and a set of positions for long or growth. But also an important point...
The current structure looks very similar to the structure in early February 2019 just before BTC went on to a massive bullrun. We're just waiting for the volume spike now. Of course a Bart down invalidates this setup. Good luck!
This breakout has been long awaited.
Upside Breakout Target: Golden 61.8% Ratio @ $9700 to 65% Fib Level @$9778
Watch out for STOPS-HUNTING BOTS!!!!
*** Trades should not be placed based upon what you see here! Do your own research and manage your own risk.
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction...
This Is The Calm Before The Storm.
Bullish signals on the chart... Bullish Divergence, Falling Wedge, & Ascending Triangle.
Immediate Target: $8730
Watch out for STOPS-HUNTING BOTS!!!!
*** Trades should not be placed based upon what you see here! Do your own research and manage your own risk.
Only trade the breakouts to be safe and not be sorry. Wait for...
Analysis is the preparation process for trading, and I think that trading is the area of correspondence.
I think the long-term trend is to calculate how much funding and retention period you have for trading at the present time.
If you think the long-term flow is bad, you can trade your money and holdings accordingly.
The results of the analysis can be known...
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