Bearish divergence on the RSI at 30-minute candles coupled with the hanging man doji may indicate at least a short-term reversal. We may see a pullback to around 4800-5000 satoshis, perhaps lower, depending on market confidence. I expect to see another upswing after a retracement and consolidation period. How long? Who can say? The market moves in mysterious...
We can see on a daily chart the extended rough cup & handle formation that culminated in an expected spike upward a week ago, but the handle may also now be a part of a head & shoulders formation which may signal a downtrend. If it completes the H&S, I am setting my stop-loss at 900 satoshis. We may see it retract to around 800-820 before rebounding. If it...
What I see happening here is the formation of a trending upchannel. I am currently aiming for a target of 700 sats. If the channel breaks down, I think we may see good support between 425 and 450, and if it continues the current trend upward along the channel we may hit the target sometime early next week.
Disclaimer: I am not a professional trader and cannot...
As a follow-up to my BCCUSD analysis, I am taking a look at BCCBTC. on the 4-hour chart, I am seeing what could be the formation of a second bounce indicated by a rising wedge, but the downtrend in the upper (resistance) line could also point to the formation of a head and shoulders signaling a downtrend.
If it breaks the resistance line, we may see upwards of...
This is my first TA, so please bear with me.
Based on Fibonacci levels and the current BitCoin bull run, I am seeing a possible peak at $696, and possible pullback to $550 if it breaks down. If the BitCoin run continues up, we could see $780 on this by next week. On the other hand, if BitCoin corrects hard, we could see retracement back to around $460-$500. ...
