Looking at movement of BTC since Dec 2018 / Jan 2019, BTC started its uptrend from the lows and reached peak of around 13.8ks in Jun 2019. Since then BTC has moved in the broad triangle highlighted on chart in orange except for the period of March & April 2020 (Corona / World Lockdown Impact - Outlier).
Post hitting the peak in June 2019, BTC can be seen moving...
IOST started its journey at All time High in Jan 2018 @ 0.139 USDT for each IOST Token while reaching a low of 0.003589 USDT per IOST Token in December 2018, a downfall of 97.42% in just 12 months. After hitting the low in December 2018, it started the journey of crawling back up reaching a high of 0.0185 USDT in April 2019. During this time, it crossed the...
VETBTC has successfully broken out of the long term resistance trend line on the daily charts. On the weekly charts the closing is awaited for confirmation of the same by post closing on 31st May 2020.
In the meantime, our initial position has already yielded around 30% returns and more returns are possible in the coming days if the chart structure remains...
We just entered another short trade in BTC @9440.
We expect it to retest the 9100 Levels. We shall add to the short @9660-9700 levels if it take another jump.
Entry - 9440
Entry 2 - 9660-9700 (Add More)
Target 1 - 9250
Target 2 - 9115
SL - 9800
Leverage - 10x
As you can see from the 2 highlighted zones on the chart, TRX is now playing out one of the very important moves determining the next move. Getting rejected yet at again the long term resistance line as shown in one of the images below and breaking the weekly support earlier this week.
If TRX continues to follow the earlier price patterns we could see price...
In line with my previous TA related weekly resistance, BTC is right now trying to aim for the strong long term resistance levels at around 10k. Last time BTC tried to cross 10k it just managed to do it briefly and only by 79 USD.
Although last 3 days have been a strong movement against the 1400 USD drop on 10th May, I still have my doubts that BTC will be able to...
The 1 Hour / 4 Hour and Daily Chart suggest that BTC may be ready to move upwards to 9200 / 9400 levels before it starts to fall again based on the weekly chart.
Trade Active on BITMEX XBTUSD:
Entry Price: 8912
Target 1: 9065
Target 2: 9217
SL: Close below...
The weekly pattern is following itself. This is yet another break or make moment for BTC. If BTC wants to go back above 10000 USD this is the time it actually needs to break from the downward channel. If it cannot, the same pattern which led to March breakdown will be followed.
What do you think will happen? Do let me know in the comments below.
BTC has been moving in upward channel since crash of March 12 2020.
It continues to bounce off the same support trend line today also. Still unsure.. But if it breaks the trendline on the lower side at closing.. you know what to do. Keep an eye on 8200/8300 levels. And 9100 on the upside followed by 10100/200 USD.