We can see that Bitcoin continues to follow the rebound, but after a few days of rebound has reached a relatively critical resistance zone: 10800-11000$
As long as the currency price is not confirmed to break through the stable 11,000 $, do not change the point of view, continue to choose the opportunity of the empty order
At present, the trend support is expected...
In this piece I'm going to shed some light on the most basic, and yet, most overlooked TA tool to exist in chart analysis, the Trend Line. A trend line is a simple way to plot the price path of any asset. By connecting a set of lows or highs you can see the general direction the price of an asset is moving.
Looking at the daily chart of Bitcoin we can see the bear...
Hello dear traders,
Let's keep it simple.
Weekly:
a/ Market structure: still intact bullish structure, but indecisive at the moment => No trend.
b/ RSI: indecisive => No trend.
c/ MACD: Under Bearish Crossover in positive territory. => Consolidation.
Daily:
a/ Market structure: still intact bullish structure, but indecisive at the moment. Breakout of...
#chartstalk... just listen my friends... #FOMO-walk #buyorgetbought! BTC is about to slap up the ladder like a firefighter on PCP BABY! lol, but WTFDIK right?
So far my FA and SA havn't changed since my last analysis of the market.
But also the same goes for my TA...
- We are still in a symmetrical triangle
- It feels to me like a bull trap, sure we managed to break above ma200, but it was so weak with such a low volume , I don't think we can hold it, especially since we are at the edge of the cloud, and just stuck...
First time publishing a trade.
Bitcoin will bounce in the 10,580 area due to converging support of the set-up trend line, the 200 period MA, and the .382 fib.
If previous resistance is broken, the price should reach around 11.2K at the .618 fib.
Taking a 10x long position here on King Btc. Dominance is holding above it's pennant. As long as it stays up I like this. If dominance begins to retrace and fade, I will close this quickly. Let's see what happens.
#BTC/USD
Exchanges: BitMEX
Signal Type: Regular (Long)
Leverage: 10
Entry Zone: 10575-10650
Take-Profit Targets: 10750-10900-11050-11200-...
We see this contracting range and we can only think of a beautiful rising wedge , My next target is 11k followed by 11.2-11.4k at the tops before tanking. I closed my shorts from10.8k at 10.650 and opened 10x orders at 11k and 11.3k respectively. SHORT THE CORN OR GET REKT LONGING. MY STOPS ARE AT PREVIOUS LOWER HIGH.
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