Failed to make a higher high MACD going bearish. Above 200EME Fighting to not get eaten by 50EMA
Plan A. Short term, going short seeing we broke the traingle and retested the top of the trend line. Plan B. We are in a uptrend and we might be able to break the trend line long term.
These post on BTC are on a demo since i want to try to see how BTC trades will react to my stratagie, this is idea is mainly for me to look back on and reflect. mabye someone might think its usefull
I'm currently doing a 100 trading test, this is a way to log my ideas. It could be helpfull for others.
We have broken the downward trend, but in my opinion it may be another bull trap, so be carefull. The current support is 9230. If bitcoin breaks them, the next support is $ 8670. Expect further declines after breaking it, below last low. Expect increases if bitcoin breaks 9460
Bullish: RSI Div, Falling wedge, Triple bottom, MACD crossing over Bearish: Previous bearish div, 4th touch of bear flag, lack of a strong bounce (yet)
Hello Traders . Price blasted out from my last target and keeps it ok :/ performance . As you can see on 4H pushing down didn't work couple times and volume on each drop got smaller . Over all selling volume its drooping on 1D as well . We are holding 1M pivot here and that suggest we are going higher . I believe that R1 should be the target witch it...
BTCUSD IS NOW CORRECTING THE TREND COINBASE:BTCUSD NEXT TARGET IS 11K BULL RUN WILL LAST TILL THE END OF THIS YEAR, I GUESS.
Everything I want to point out its on there .. with previous and last 24H example on the left . ignore mex in the middle . zoom in version
BTC has fallen through support of the 8HR Ichimoku Cloud (Red). Now from within, has tested resistance at top of cloud and failed. Volume is tapering off, particularly buy volume.
as a beginner in this field, that is my idea. if any advice plz tell me.
Some potential outcomes based on BTC resting in a Liquidity Zone. The entire pennant could also be broken down from here as well.
BTC appears to be in a pennant pattern. A break to the upside or downside could be the difference between 8k region and 11k. For now, buy zones (green) and sell zones (yellow) are set based on pennant swing pattern.
The red trendline is a key level, if we drop below 11k, most likely will see lower lows for the next few weeks. Most recent doji showing indecision, could lead into a reversal or more down trend. Watch the 1,2,3,4 hr charts for hints for the next daily. If the next daily candle printed is green, put on your moonboots - 13k and beyond. This is not...
Moonbois get ready, we're going to 20k. ... This is not financial advice - counter trading me is a good strategy :D