BTC - BULLISH SET-UP
Looking bullish today Bitcoin forming inverted Head and shoulder pattern textbook bullish
possible to test again giant slopping trendline at 10800-11,000 Region. Let's see if BTC will break above 100MA and 55 MA waiting for more confirmation.
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- Price Hanging Between KUMO Cloud & Falling Channel in Daily Timeframe..
- Major Indicators Are Turning Bearish But For Now 9.2k Support is the Last Hope For BULLS..
- If Holds the Support then Another Pull Back Expected From 9.2k Support to 10.4k
- Bitcoin is Forming Bearish Triangle Pattern in...
Here are some macro market structure scenarios I'm preparing for. Scenarios 1 and 2 are most likely, but I'm planning accordingly for 3 and 4. Those would allot for more accumulation at spot, which I would welcome very much. Either way, I expect they all end in the same place: $50k+ Bitcoin by sometime in early 2021.
Volatility in the crypto market is nothing new. Its also the secret sauce that traders on platforms like BitMex, Binance, and Huobi thrive on. Owing to that, it should come as no surprise that the moment a ripe opportunity for wrestling the markets up and down presents itself, market makers pounce on the chance. Volatility is a traders best friend. Whether a...
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Bitcoin right now:
At the moment, Bitcoin is in a large downward channel (or a large flag on a large timeframe, as you like), hangs in a flat movement and cannot decide where to go. It should also be noted that it is located near the resistance line and the mood of the market as a whole cannot be called bullish.