It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current BTCUSD chart which, if analyzed properly, clearly points in the upward direction.
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Bitcoin is probably going down to 43K at least, because it took top liquidity, and because of the financial crisis in the world. Just a quick opinion nothing else.
This is not a trading or investing advice. Trade and invest at your own responsiblity.
I said 2 things earlier but I changed my mind a bit
- the first thing was that I wanted to wait on Monday to do a new post because of the geopolitical situation and the halving, what happened last night convinced me that the floor was here (of course I can be 100% wrong)
- second thing is that from my last post, I said we could chill some months because nothing...
Previously attempt has failed so im gonna try this one in a bigger picture
we are currently sitting on the daily 100 MA and an Inv H&S is in the making, if we go above 63K I think it will be in play
target same as before ATH+++
if we break 100 MA Daily, 60k
if we break 60K, 55555 for the fun then prob 50k
cheers and good luck
BTC price accumulated a range. Om the orange circle we see price selling aggressively and buying back the orders leaving imbalance. We have an entry on 4 hr timeframe for the Bullish setup. But also keep in mind the internal supply zone that might affect price. Goodluck
I love trading. Having an open trade helps me 'feel' the market. This is why I have 2 accounts open at the same time, a paper trading account and a real one. Friday's sudden drop wasn't known to my real account.
We check for a symmetrical triangle and disqualify it by adding a middle line.
What I forgot to mentioned that I moved the SL up to entry once it have...
Why I am bearish on BTC?
I think we are at the top of this cycle and during this year we will touch 36.000 usd.
RSI is coming out of of the estimated area and It will drop to 50 or maybe more down.
Look at the 2 months chart, only 2 records showed top when stoch rsi touch the 100 value and marked as top.
Current stoch RSI approaches the 100 zone, the orange line has yet to touch.
At this point, I will not bet for BTC to go higher price. I expect sideway or fake out.
If you want to mess with a higher timeframe and think BTC will hit 100k and if it really...
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Bitcoin 30-minute chart.
Nasdaq is trending upward.
Beat is debating whether or not to break the record.
I'm more loyal than I look...
Purple...
Morning folks,
So, everything is going with the plan by far. Market has reached ~60K area where potential right arm of our 4H reverse H&S pattern should stay. But here is a minor tricky thing. Overall performance doesn't look bullish by far.
On 1H chart it even looks bearish. We have downside acceleration and uncompleted XOP target that makes an Agreement with...
It is expected that the price will cross the support range and continue the downward trend to the specified support levels.
If the price stabilizes above the support range, the continuation of the upward trend will be likely
Well,
The price has go lower of 60K and take all lower zone of the volume profile, It's was a bearish trap.
If the price will go lower the next support zone could be 50K.
Now, At date. The range volume profile show to peaks.
The price are little higher one first at 65K. The direction are range point of control at 67K500.
The price has break the bearish trend...
