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WE are looking at possible Scenarios in the BTC move in the Daily Chart.
1st of all Remember we are in the Golden Cross where 50DMA crossed above the 200DMA.
As we can see the moves are widening so much with doubts in the market and fear of some swing traders to go LONG...
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BUYING A PULLBACK in a Triangle created with the Fibo Retracement 100% First Drop/First Failure.
First Drop/First Failure to signal for full Reversal of the Downtrend to go upward movements.
Buy Zone @ 50% Fib. Retracement of 8680 - 8690$
1. Trade with a Plan
3. Make your own...
In the past few days we see a downward movement of BTC Price.
From 10000$+ down below the Support level of 9K$ Area down to 8500$ this happens after the GOLDEN CROSS in the 18th of February, 2020.
Are we looking for the Reversal?
I as a Bitcoin lover I always go for LONG in Trades with BTC.
If Price Actions closed above EMA200 and Ichimoku cloud standing as...
In my previous TA about the End of the Bearish Market creating the Cup and Handle pattern to confirm the Bullish Trend, yes the C&H still in progress.
To update everyone. Here is the continuation of my Technical Analysis for 1D Chart.
First, I encourage everyone to DYOR if you want to Trade for LONG and support my Analysis. Better understand the Market...
In my previous TA about the End of the Bearish Market creating the Cup and Handle pattern to confirm the Bullish Trend.
See above TA for further info about the Bullish Trend.
First, I encourage everyone to DYOR if you want to Trade for LONG and support my Analysis. Better understand the...
Hey Guys A blessed Day!
WHAT ARE WE LOOKING INTO?
- we are looking @ 1D Chart where BULLISH DIVERGENCE occurs. StochRSI shows the Higher Lows from February 4th - 19th indicating OVERSOLD, Wherein Price Action shows in the same dates Lower Lows.
- on the 18th of February MA50 crosses above the MA200 indicating GOLDEN CROSS
- Starting January 2020 the Market shows...
IN THE 18TH OF FEBRUARY 2020 MA50 CROSSED ABOVE MA200
In that event Reversal from the Downtrend becomes Bullish creating a Bullish Engulfing pattern.
Are we really looking for a Bull Run?
Things we should know first:
1. Price above Ichimoku Cloud
2. Price above MA20
3. Price above EMA200
4. Price above MA50 & MA200
5. Price Action in the Daily Trend is Bullish...
We are looking @ 4H Chart wherein the Bearish Price Channel has been created.
Price must not totally Break the Important Key Level Support @ 9640 to continue the downward movement.
Things to Remember:
1. There are 2 different CME GAP in Lower and Higher Price @ 8450-8500$ zone and 10100-10400$ zone respectively.
2. Price still above the...
1. If Price bounces above Support Level of 9700 possible upward movement Target is 12K$ but if breaks down to 9400 Target downward movement is 8400-8500 level
2. Remember we still have CME GAP below 9400 which is 9400 - 9500
3. New CME GAP @ 10400 - 10500 area
4. Price still in Ascending Channel
5. Price above EMA200
6. Price above Ichimoku...
Looking @ the 4H Chart Price bounces @ 10500 after the fake breakout down to 10075.
Price must not Break the Support Level of 10080 if Yes Price will continue to move downward.
I will update this TA afterwards for more interpretation.
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Thanks and God bless!!!
BULLISH FLAG DAILY TREND
1. Price above EMA 200
2. Price above Ichimoku Cloud
3. Price bounces above the Strong Resistance becomes Support Key Level
3. Candle must close above the MAJOR KEY LEVEL of 9900-10000
4. Bullish Flag pattern still not targetted
We are looking @ 1D Chart wherein Bullish Flag target sill not been hit....