Yes the title may be catchy but as you'll see in this study, both features (LMACD and Triangles) draw a very accurate mid-term trading pattern for Bitcoin.
*The LMACD*
We have analyzed the LMACD indicator numerous times (see the charts at the bottom of this study) and has helped us identify buy and sell entries with great consistency within the Channel Down that...
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Reasons:
- Price in Triangle
- Key Level 7520$
- Bottom part of triangle coincide with Key Level
- Price made fake breakdown Key Level
- Always do your own research
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If you have any questions or...
Friends, please at first, support this idea with your Like and any Comment, thanks.
Reasons:
- Price near resistance zone
- Resistance zone 7450-7550
- Yesterday price create a strong bearish candle
- That candle got all SL's above 7600 and fall
- Price made fake breakdown Key Level- Always do your own research
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Has been a slow, low volume week with wick all over the place and together with fake moves. Seems yesterday we have seen the last trap move, since we have some real follow through for the first time. I showed a possible double bottom in the making in my channel earlier today at 7300/280 which could also turn into a descending triangle as you can see on the left....
The price broke the uptrend line and the support line of the triangle. It is a bearish signal, and if you are a buyer, be ready to see a new attempt to reach 6500.00 and 6000.00 support.
In spite of this solid bearish signal, the market still has a chance to develop an upward movement. For this, the price needs to stay above 7100.00 level. It is the previous...
Thanks for all your support to my last idea. My post may not have a lot of views but because of your LIKES my posts were able to be on the first page of TradingView most of the times. So, once again, appreciated.
I promised that I will give more frequent updates, so there you are. Although it's not the best time to trade due to the price is at a critical level...
What is Bitcoin..!!
Bitcoin is a digital form of cash. But unlike traditional fiat currency, there is no central bank controlling it. Each unit of Bitcoin is unique and cannot be copied or destroyed, and it runs on top of a distributed network, maintained by thousands of computers around the world.
Bitcoin Features..!!
- Decentralized access allowing any party...
Hello friends.
After a recent surge in volatility, the price is slowly moving towards local highs.
At the moment, one of the main scenarios for our fund is another rapid decline in price of BTC to 6000.
To confirm the sales scenario, we advise you to wait for the breakdown of the trend line border.
...Candle Beginning December 23, 2019. My label as a "Short" is to proclaim we are still in a bear trend. The "Short"" label is NOT telling everyone to go margin short at this very moment.
We should see the Blue LSMA in the 2-Week begin to round off and turn back up between the 2-Week Candles that begin December 23, 2019 and January 6, 2020. This lines up...
In this idea we will see how the tricking crossover between 19 MA and 100 MA can help us to see the Market changes its behavior, with subsequent trend reversal (to the Upward in our case). Firstly I should remind that current trend is a Downtrend, which has been confirmed by a bearish crossover between 20 and 121 MAs on a daily chart or by 19 MA and a Price Chart...
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The Price closed below strong support level. Now both support trendline and support horizontal line turned into resistances. The price will rejected from these resistances so there are two scenarios for taking short position.
1 - If price will retrace after such decline and reject from the resistance trendline
2...
A little Christmas trap for the remainder of the bulls is likely.
Maybe we'll get our sucker's rallies on the alts that have shown merit to the algorithms.
BTC continues to tighten and sometime within the next 3 days or so we will be looking for a volume and volatility spike to break this tightening range. Patiently waiting on the sidelines until then!
A bull break will have us zoom out and look for a weekly lower high. A bear break will tell us the monthly higher low is not set yet and we will be looking back to...
Bitcoin Going Higher High in Big Time frame , and current price is corrective phase first need to test the Bottom around 5.5k$ on Diagnoal Support Trendline.
after Pullback Can see another Big Movement Upside in Upcoming Few Years.
#BTCUSD Chart:
Now #BTC Retesting Trendline Support.
Trendline support is $7180-$7250.
If above the support then I bullish.
And Target still same $8600/$9300.
If break down then my target will be $6000.
But still I am bullish and long at retest the support.
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.
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