This call is based on triangle play. Follow it with care and do not joke with the stated stop loss. Also focus more on the accumulation zone to place your long bid.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
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Im looking at the hourly right before the close today and we are fighting to stay in the triangle pattern which coincidentally merges with the .236 fib down there so it provided some support but not before we dipped all the way down to 9850. My stop loss was in serious danger earlier but the price recovered after a pretty rough start to the morning. But we have...
btc cant break middel line of sideway chart .
i think 10340 usdt is very important .
case 1( green way ) : if btc return and hold 10340 we can expect 37700
case 2: if btc cant break 10340 and hold it then i think red way will be future movement
1 week macd if be negetiv will be very bad
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Looking at that 4hr chart this a.m. and we sank again last night. These bears are not letting up. We are currently fighting to get over that .236 fib ($10038). The triangle pattern I had on my chart was looking like it was becoming invalid so I redrew another triangle that is still valid. Currently we are under a lot of potential resistance... The 50 and 200 MA's...
Ok so what are we looking at and what is the takeaway? Bitcoin violated a minor trend and it fell down hard enough that it had enough downside momentum to pierce the secondary trendline in green. As I stated yesterday BTC was looking weak and today we got to see the drop, and it has not been able to go back up across the green trendline which means weakness. It...
I am looking at the one hour this a.m. and we fell a bit last night. Apparently the bears dont like the idea of us crossing the .5 fib on the chart right now. We fell right through the cloud. It offered no support and we fell to the bottom of the triangle pattern which is pretty close to the .236 fib. There was a golden cross on the 1 hr yesterday but as you can...
In today's post, I want to give away a chart that has made me a lot of money dating back
I also want to go in to detail on how I use the RSI to determine when to get in and out of Bitcoin by determining bearish and bullish control as well as the transition zones.
Not the 3 day, daily, 4 hour, hourly or... god for bid, the 1 minute chart.
Ok so what is the plan of action now that Bitcoin has violated 2 uptrend lines? Immediately it will try to go to the $9,870.00 area and then rest at the $9,800.00 if either of those two areas does not hold the next drop could take us to $8,400.00. Our goal is to be able to get cheap into LTC, ETH, BNB, NEO and a few others, I hope some of you are beginning to dip...
Expecting to hit 0.65 retracement level. It has done in every previous run. We have now dropped below the 60rsi, if we close below sunday, the flood gates will open. Will cause the MacD negative cross over. I'm pretty certain. There is always the possibility of a fake down, where the macd gets rejected and pumps instead. I don't see this, but always be aware. Also...
I'm watching this, a bullish divergence in its infancy. Need to keep an eye out for this.
- hockey stick formation usually gives success
- psychological number, 10K people tend to defend or go in once it passes above it
- condition required : RSI requires to be bullish while price doesn't match it (held back) for some duration.
- previous support line, 10K.