Price has now formed a Falling Wedge, might be getting ready for another pump. Note worthy: There's a bearish divergence on the RSI that has already formed. When this pump runs out of steam, that bearish divergence has to be fulfilled. Upside Breakout Target: $8,550 Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction...
Bitcoin Bearish Divergence And Rising Wedge Bearish Divergences have to be fulfilled. Downside Breakout Target: $8.8K Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade. Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your...
Bitcoin - DOJI And Bearish Divergence
Price has been consolidating after a strong descent to $7.3K... Now what's going to happen next? Price has been supported by the white broken extended line (support since Sept. 26th). RSI has Bullish Divergences. Upside Breakout Target 1. (Golden Ratio) 0.618 Fib Level @ $7698 2. (Blue Rectangle): $7,760 - $7810 Note worthy: 0.786 ($7,521) and the Golden...
Bitcoin price dipped downwards, what next? Hello Traders, This Falling Wedge has been drawn since the 26th of Sept after the huge downside price action. Currently price is still respecting the bottom support line of the Falling Wedge. If price breaks the support line, next potential support will be at $6K, then further down will be at the .0236 Fib level @...
Bitcoin Bulls Are On Fire!!!!!! 17.87% Gain so far!!!!
Bitcoin has now given an opportunity to get in at a low price. What now? RSI Bullish Divergence is currently signaling a short term price reversal and a high probability of it reversing back down. Levels of potential reversal will be at the Fib levels. No one knows where it might start to reverse, but trying to determine where the most probable level of...
My apologies guys. My previous post was mistakenly entitled "Bitcoin Hidden Bullish Divergence" which should've been this chart. Ok here it is... The price bottom on the 10th of December 2018 was a Higher Low compared to the lowest price of March 20, 2017 and the corresponding RSI indicator had a divergent movement direction creating the 1st Hidden Bullish...
Price is still inside the falling wedge which is still a bullish sign. Price should break out to the upside soon if manipulation doesn't mess it up. Upside Breakout Targets: 1. 0.382 Fib Level @ $11,283 2. Red Broken Horizontal Line @ $11,545 Note worthy: Bitcoin loves to range throughout the entire pattern, in this case price may descend all the way to the tip...
This will eventually break out and if it does go upside, the target will be back at the base of the wedge @ $13,800. Watch out for that BEAR FLAG! Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get stopped out at your trades. >>>>> Always be prepared for either...
Bounced Off The Broken Green Extended Line Creating A New HL... And now the following could probably happen: 1. Price could go straight up now on it's second leg of the bull rally. If it does, long at $8300, but watch for any FU moves, could wick out and reverse. (Less likely scenario) 2. A correction to the Golden .618 ratio at $8143 and even down to the .5 @...
Price tried to go back into the ascending channel but had not enough strength... could mean a sell off in the very short term, unless more XRP Bulls jump in. Bearish Divergence on RSI. Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get wrecked with your...
Higher probability of breaking towards the upside. Potential First Target: $8260 Retracement: $8200 Second Leg Up: $8454 to $8530 Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade. Remember to always, always place your stop loss at the appropriate levels immediately after you have put...
Bullish Divergence on RSI. NEVER LET YOUR GUARD DOWN, BITCOIN WILL KICK YOUR A*S IF YOU DO! Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade. Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not...
Bearish Divergence on the RSI, declining strength of buyers, soon Bears will take control. RSI are spiking above Level 70. Downside Breakout Target: @ 0.236 Fib Level is 0.25745 Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade. Remember to always, always place your stop loss at the...
Text books use the term "Diamond" Chart Pattern. Key Level Of Support is at $7860 Last Line Of Defense is at $7705 RSI has a Bullish Divergence. If RSI Level stays above Level 20, it will continue to be bullish even if price dips further. Great Big Breakout Coming Very Very Soon! Upside Breakout Target: $8827 Downside Breakout Targets: 1. $7540 2....
Yesterday the volume was declining as price was going up which indicated that less buyers are coming in to push the price up and eventually priced dipped. Now, the bulls have a second chance at trying to win this battle, but the bears are watching. The bears' DESCENDING TRIANGLE is looming in the background. Chart Contents: 1. Falling Wedge (Bullish Bias) 2....
Bitcoin is at the brink of breaking towards the upside or the downside. There are 2 bearish crossovers on this daily chart and price is well below all EMAs. Stoch RSI momentum is shifted downwards, although it's at Level 57 and is quite in the middle with lots of room to move either upwards or downwards. RSI is at Level 35 and has lots of room to go...