RSibayan

RSibayan Updated 

Potential Downside Target: $7323 Note: Never dismiss the possibility (30% chance) of an upside break out from a rising wedge. =============================== Watch out for STOPS-HUNTING BOTS!!!! *** Trades should not be placed based upon what you see here! Do your own research and manage your own risk. Only trade the breakouts to be safe and not be...

RSibayan Updated 

HAPPY NEW YEAR! Potential Upside Target: $8375 =============================== Watch out for STOPS-HUNTING BOTS!!!! *** Trades should not be placed based upon what you see here! Do your own research and manage your own risk. Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your...

RSibayan Updated 

Green Bar Must Hold As Support (@ $6.9K - $6.8K) For This Pattern To Go Into Fruition. RSI has a Bullish Divergence and could probably have a secondary one as the price dips towards the green bar. MACD has a Bullish Divergence. =============================== Watch out for STOPS-HUNTING BOTS!!!! *** Trades should not be placed based upon what you see...

RSibayan Updated 

Volume is very low. A storm is brewing in the horizon Price is well under the 20 Week and 20 Day EMAs and continues to be press down upon by the yellow resistance trend line as well. Bitcoin is still in a consolidation phase in the NO Trade Zone (Descending Triangle). More downside price action for the short term is expected with price re-testing the support...

RSibayan Updated 

If this channel is respected, price could ascend to $8073, and Bitcoin could end the year on a positive note. If support from the channel is breached, price could drop to $6.9K to $6.7K to re-test support zone. The 120 Period EMA is just slightly above the 200 Period EMA (slightly bullish). The RSI has a bullish...

RSibayan Updated 

If Bitcoin re-tests $6.9K and finds support at that level, a rebound may take price all the way up to the 61.8% Golden Ratio Fibonacci Level at $8970 and may even fill in the Golden pocket up to $9K. Failure to find support at the re-test may open the doors to $6100. Pink Descending Trend Line Has Been A Long Term Support Bitcoin. ...

RSibayan Updated 

Currently traders are practically just sitting on their hands and letting the bots just do the small trades for now until the contraction starts to happen and volume diminishes further as price moves sideways in a consolidation phase in the no trade zone. The 120 Period EMA has kept it's position as the point of rejection and resistance for now and could still...

RSibayan Updated 

If there's any chance for the bulls to get their heads above water then price must push up above the 20 Day (Light Blue) and 20 Weekly (White) EMAs. For now, price is retracing and the target is the 61.8% Golden Fib Ratio Level at $6819. The 120D EMA is crossing the 200D EMA downwards, a bearish sentiment. Looking at the weekly chart... Price is finding strong...

RSibayan Updated 

Bitcoin reached the $6522 and further down to the descending support line of the falling wedge. Now price has pulled back, what's next? Next, Bitcoin has to re-test a support zone. Be Aware: Support Re-Test Zones only get re-tested 80% of the time, 20% of the time price will not re-test the zone and will just ignore it and continue towards its newly established...

RSibayan

The descending trend line of the falling wedge has held support since July 2019 and Bitcoin's final level at this support line is at $5990. Breaking the support line could mean another 17% drop in price down to the 200 Weekly EMA @ the $4900 price level. Currently, price has passed the 120 Weekly EMA price level although the week has not yet ended and price may...

RSibayan Updated 

It's like waiting at the delivery room for the coming of a new born (new BULL Run) Looking for support at $6160, possibly consolidate for a moment, allow the baby BULL to get up on its legs first prior to running. =============================== Watch out for STOPS-HUNTING BOTS!!!! *** Trades should not be placed based upon what you see here! Do your own...

RSibayan

20 W EMA was the support for the bottom in 2018, and it could also be the support for the next bottom. There's a Region Of Confluence (ROC) for multiple lines from support and resistance including the 20 W EMA that could provide a possible area of price target if Bitcoin so chooses to further dip past $6K. The Fib level at the ROC is the 78.6% level. Price level...

RSibayan Updated 

Yellow Broken Resistance Trend Line has been replicated, the trend angle are exactly the same. Price has been kept below this trend line in 2018 all the way down to the 200 W EMA level where it finally found support and the bottom. 200 W EMA (Red EMA Line) lines up at the $5K level. This 200 W EMA has supported price back in...

RSibayan Updated 

Bitcoin is a gift to mankind.

RSibayan

Price has re-tested support, bounced off and could now be headed for the 38.2% Fib Level $7357. If price gets rejected by at the 38.2% Fib, downward trend may continue due to price will be creating a new lower high and eventually a descending triangle. If price does manage to push high the next level to reach is the 23.6% Fib @ $7533 and possibly consolidate,...

RSibayan Updated 

20 D EMA continues to press down on Bitcoin while the 20 Monthly EMA continues to hold as support. How much longer can the 20 M EMA hold price up? =============================== Watch out for STOPS-HUNTING BOTS!!!! *** Trades should not be placed based upon what you see here! Do your own research and manage your own risk. Only trade the breakouts to be...

RSibayan Updated 

Bitcoin has now again formed a falling wedge (Bullish Bias) as it held good support at the $7.1K - $7.2K range (Blue Rectangle/Bar) RSI has a Bullish Divergence Initial Upside Breakout Target Price: $7467 @ the 61.8% Golden Fib Level 2nd Target Price: $7552 @ the 78.6% Downside Breakout Target: $7038 @ the 61.8% Golden Fib...

RSibayan Updated 

Bitcoin Now Has To Decide To Breakout To The Upside Or Downside Upside Target: Resistance at the 20 Monthly EMA above around $7650 Downside Target: 61.8% Golden Ratio Fib Level $7295 =============================== Watch out for STOPS-HUNTING BOTS!!!! *** Trades should not be placed based upon what you see here! Do your own research and manage your own...