As we can see new local support formed near 60K and we mentioned that as local support here too, also now we have local resistance near 64K area and this resistance is a strong one before ATH resistance.
Any breakout of supports or resistances here can dump or pump the price and we can expect a new high or low here.
DISCLAIMER: ((trade based on your own decision ))
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Bitcoin now incorrection wave, and create somethink similar to Trianlge.
My trading plan next: if price will break resistance line of triangle.
I will waiting for retest of this line and open long position.
Target 1 - 62950 / Target 2 - 63750
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to...
💎Technical Analysis Summary💎
BTC/USD
-Not much update for Bitcoin today
-Currently testing the previous resistance level
-We can see the price is reacting to this horizontal support
-If the Buyers can sustain above this 59k dollar support
-Consolidate and form a potentially bullish pattern in the daily timeframe
-The chances to print another ATH price is...
Since early august, Bitcoin has generally been trading upward. During this upward move BTC has slowly but surely formed a bullish channel. This bullish channel has appeared on different analyses before, but never as a fractal.
If we copy the bar pattern from 21-07 till 29-09, we can overlay it on the current move. Surprisingly enough, Bitcoin is following this...
Bitcoin Weekly chart - Bearish Shooting Star Candlestcik pattern.
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before...
Bitcoin was downgraded to as low as $ 59,500, But it is now making up for the losses and will likely hit $ 63,250 soon.
Before the bearish correction began, Bitcoin had reached a high of $ 66,982 and set a new price record. Support levels of $ 65,000 and $ 63,250 collapsed one after another during the correction.
Meanwhile, the 100-hour moving average was broken,...
Hello, Let's talk about a great indicator called 'Bollinger Bands.'
On this chart, You'll read what they are, how you can use them, and what the limitations are.
Bollinger Bands are a trading analysis tool developed by John Bollinger. They are used in market finance for technical analyzes and make it possible to assess the volatility and probable evolution of...
Hello traders and dear followers!
I have not posted any idea since the start of this month but today I am back with a powerful strategy that will help your trading easy and the strategy is also very easy to apply. It works exactly as you have ever imagined/wished that God should give you.
1. A strategy that can predict the Target perfectly.
2. At the same time...
In my very first TV post ever, I made the mistake of trying to call the top of the most hyped out B leg in history. Was... Shi**ing.... BRICKS for a minute there!
Turns out I don't need to delete my first post in total discrace and shame. Lol
All good now though.
The weekly chart shows a close in a nice shooting star doji, so onward and downward for the C.
I...
Hi all,
The hidden wyckoff accumulation on the lower level timeframes played out well and Bitcoin successfully exited the range to the upside.
Now that we are in the markup phase, slowly marching towards all time highs, there are important levels that i think will end this uptrend and give us a pull back.
Resistance is the fib 0.618 / 0.66 zone at 64.139 /...
Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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Bitcoin currently is very bullish. The structure that we...
Here's a quick Look at BTC 2 hr chart . As we can see, the price has been forming a falling wedge and we could see a break to the upside soon! If the price breaks above the falling wedge, the target is all the way at 70k! Keep an eye on this falling wedge!
The best entry would be, when the price breaks above the falling wedge with good amount of volume ....
View on weekly chart basis.
A closer look shows that a potential double top pattern is forming. The double top is often considered as a bearish pattern, which means that a bearish trend reversal could follow.
Also, the second top has a long upper wick and appears similar to a shooting star candle. Again, this is a bearish candlestick pattern which shows that...
Hm...It slammed into a bit of supply.. you can see it right on the session divider those 2 volume bars. Going to see if it comes down for a final test. I dont like buying right at the edge there. My personal rule is that is price is above centreline on RSI its too high.There are exceptions but I don't care. In order to be consistent you need to have rules.
With...
We saw BTC touched Resistance level at $66.5K and moving back.
Right now, it is moving around Fibo 0.236 ($60.5K).
The down trend will be confirmed when D1 closes below $59k. When this happens, the next target should be Fibo 0.5 ($53.3K) or even Fibo 0.618 ($50K).
What do you think?
BINANCE
