BTC showing strength long term but short term rejection at the $58k resistance level.
The ascending triangle setup is just beautiful, let's hope to cut straight through $60k like a hot knife through butter.
Looking to accumulate more BTC around 50,51,52K stop loss is a must incase we breakdown and especially considering that BTC historically does not perform...
For the Second time BTC is approaching the $58K level, if we can get through the level of resistance then we will be back in price discovery, keep your eye on the possible breakout or rejection.
If we breakout I'm looking for entry points around $58,700 with a stop-loss under current day green candle.
In the event that we stall at $60,000 be prepared for many...
COINBASE:BTCUSD
Bitcoin appears to be forming a descending triangle. IF we do not break out of it I am anticipating a retrace to the $26k area during the next 60 days where a long position is highly desired. By no means do I think we are in a bear market, I simple believe we need a stronger retrace before the historical monster gains of Q2 are...
We have a down trend on recent highs. This week should tell a powerful tale as to the future of BTCUSD if we can break the recent highs trend line. Seeing as we also have a TK recross in possible play, there could be an explosive move up in the near future or a steady decrease to establish new local support. As of now no clear trend is established.
As stated in the title, I believe the Ichimoku cloud is forming a C-Clamp.
Also looks like the possibility of head and shoulders could be be in play.
I'm not shorting, just want to see how this plays out.
Small buy at Kijun support.
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As many have said the next two weeks are a critical period for Bitcoin.
Looking at the chart, we can see that ichimoku points to a bullish future with the cloud already angulating towards the upside.
The best part is Williams %R creeping its way to oversold territory, all the while as price/sentiment is maintaining strength.
Looking for a Kijun-bounce shakeout...
These are my thoughts and positions,
1. Appears that NVAX has opportunity for breakout as pennant matures
2. Price is trending healthily above 200 EMA.Price is also above and respecting the 50 EMA like they're in a long term committed relationship celebrating Valentine's day.
3. Notice the mid term higher lows signifying bullish strength
4.Support market...
