If BTC closes above the 50MA (50-day moving average line) on the 4H (Four-hour time frame) that will also push BTC to close above the 50MA on the weekly which is a pretty good sign of stability. This is what all of that means; When the weekly candle closes this weekend above the 50MA it is a signal that BTC does not want to go any lower than $7300 at this point....
Good morning everybody. I am watching the hourly chart again today and the bulls got lazy over the last 5 hours and we fell. Now we are below the cloud and the 50 MA along with being under the 200 MA as well. All of these signals are bearish in nature. Of course on a bigger time frame these swings are barely noticeable. We seem to be in consolidation and as a...
I cant stress this enough - in the next 4 days BTC WILL EXPLODE - THE CORRECTION IS OVER - GTFO of your shorts
Its done its over -
Currently all major exchanges are short except bitfinex who has a long open which is at its all time hight!!!! - there is a reason for this discrepancy they are holding the market up and will pump the market whilst every other...
Bitcoin, Bitcoin, Bitcoin.... I am sure there are many of you are there that are just as frustrated as me with how 2019 has turned out for Bitcoin. BTC started 2019 on a strong note hitting $14,000 in late June of this year. But since then, there have been several bullish setups that have completely broken down and the Bears have remained very much in control. As...
Although most in the space seem to be erring toward the "bearish" side (all TradeView's indicators are heavily weighted toward SELL on most charts), I'd like to present the argument for the Bulls, based on both a bullish oscillator's (RSI) and chart pattern (falling wedge).
As shown in my chart,we have been forming a (really long) Falling Wedge/ bullflag pattern...
7400 high range
6390 low range
Reassess at 6300s.
Stay safe during the holiday trading season, futures are a difficult game.
Shakeouts are always possible.
Arm yourself with mathematics.
If you are unfamiliar with cryptocurrency, please check the date.
It is almost 2020.
Read my article, please, it is linked.
Thank you, goodnight and goodmorning.
Note: All of what I claim below is simply the way I perceive the market. I am not certain nor do I suggest you take my advice without first taking into consideration what I have said. Whatever you do, be critical of what everyone claims. Those who claim certainty in these markets tend to get hurt the most.
Observations:
As mentioned in my previous post, I am...
Target fibo 61.8 is reached!
But the lower trend line of the channel is also nearby here!
We have now a few high probability scenarios!
-Bullish triangle
-Bullish flag in channel
-Also looks like the fifth wave to down
I still have the feeling this downtrend is still not enough strong to hit our target around 6300-6400 in one single move so higher upside...
Hi,
The Symmetric triangle has broken down. Also, The pull back has been completed. So, In my opinions, there are 2 ways as next:
I) We will touch the bottom line of the channel, It can be coincident with Fib level. Then we will go up.
II) The channel will broken down and we will test the bottom of daily falling wedge.
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