Many BTC indicators and patterns show us that bears are more stronger atm, but 4h TF show us a bullish divergence and a possible repeating falling wedge pattern. Similar to the end of March. Also Stoch RSI look interesting. This makes me a little bit more positive in the trend. What do you think about?
Seems like BTC is going into a flat zone. Like I said some days ago,we passed up 9700$, but as I predict, with this tiny volume, it hadn't the strenght to break out 10k and go to 11500 area. Now as you can see, we have find this channel and TL. Daily chart is also a bit bearish (MACD), but 4h chart show us some strenght to push up since yesterday. For the moment I...
Ok guys,this is an important value to consider, BTC is trying to cross MA 200, like you can see, it need some more strenght to cross above the price and if the cross will done will be another important bull signal imo.
Good luck everyone
Trend continuation, last 24 hours show us more bullish movements. This is another confirmation from 1h chart to short term target.
According to my previous analysis, probably BTC will go in the 11,500 area. But to definitively reverse this 2018 bear trend, we need more strenght, so more volume because some bear signals are in the game too in higher tf.
Good Luck everyone
As i said in the past days and posts, I remain LONG on BTC , pennant is broken, leg up are clear, volume are increasing. Now we are testing again 9700, but this time probably we could go higher more easily before go to the next stop, in the 11,500-11,700 $ area, that could be a strong resistence in the short term. For those who want some addictional indicators,...
As i said yesterday, many people don't see this trendline but it continue to work perfectly from almost a months. I don't like to draw TL like this, but when a possible trend reversal is upcoming, many differents possibility could happen.
Now if you look at 4h chart, after some days of indecision, BTC respect that trend for many days and work much better than...
Ok, the green line is the most important bearish trendline that we brakeout recently. Red lines are other 2 possible trendline that converge all at this point. I think we could broke now and go up strongly, or we can retrace a bit in the lower lightblue line around level 8650$ before definitely exit from the bearish big movement of the past months.
Imo no reason to be bearish, indicators, EMA and simply TA show us that the most probably option is that we are near for a stronger bull run. Key level around 11,500$ then we go finally up faster. Pay attention to the red trendline on daily chart, it could be the level for going to test 11500 in the upcoming days. If we brake down 9k, BTC probably will go to test...
BTC in on 9400 resistance again, like I said yesterday when almost everyone going short, they haven't seen an important TL where BTC bounce.
Now we need to brake out 9400 and retest 9700 again.
Take a look at RSI on 4h, trying to crossing 60 that is always a strong buy signal and MACD just crossing.
Good look everyone!
Like I said, back to basic sometimes work perfectly. Just keep clean your charts and draw some basically TL. Check my previous idea on 4h chart, here's an update on 1h charts, seems like forming a new pattern. Good Luck
Last week I've supposed this support TL and keep drawned in my chart. I've seen none drawing this,but now without too much lines and levels, you can clearly see that it could work well also on 4h chart. Not sure about what to happen cause volumes are thiny today, but for the moment still working pretty well and I've seen too many shorters jump into conclusion too...
This is the bullish scenario we could go in the upcoming days. I take a look to RSI, we cross 60 after a long time ago and usually BTC start a run after this value brakeout. We need some more strengh to reverse definitively. If we cross 60 on daily RSI probably the fud will be over. Like every time before if you look into this. According to these scenario, like...
Now testing 6800 resistance area, if breakeout confirmed it could reach 7100 pretty soon and start to reverse like I predict some days ago. It could show us more in the next 48/72hours. Good luck everyone
We remain on the bug wedge but breakeout the small one pretty strong