Alright, BTC is on its deciding moment. A real, clean break of 7300, means we can go all the way up to 8k. Failure to break means more momentum downwards. Please refer to chart.
Technical analysis supports uptrend more but placing a long is a huge risk because we are in high point of the range.
It would be safer to place a short before 7300, but you're going...
Need to retest origin of previous break in market structure, technical analysis and price action agrees with this. Please refer to chart, it's meant to be read easy but many factors were considered.
Can go lower than 5900.
Movement can be a lot different from this post. Please do your own research.
Aight, I said in my previous post that it is still largely bearish due to virus sentiment, but price action dictates that it is bull for short term. Take note that big players are not yet inside the game and virus is still RAMPANT.
I am completely for bull if it closes above 7300.
It can go down anytime if if breaks trend line support.
Good luck! Have a virus...
Alright, for these tough times, I want to follow price action movement, on supports and resistances, more than indicators. Price action dictates a lot and so far, it goes for short. 6550 proves to be a strong resistance, and it can never be fully bull unless it exceeds 7300. Let's also keep in mind that virus sentiments run the show for now and the sequence is as...
BTC's movement for today is bull biased due to the following reasons:
1. MACD at H1 is open upwards and RSI at H4 is oversold
2. Falling wedge pattern usually favors long.
3. Fib retracement is likely finished and will go up now.
The falling wedge can be a diversion or just an illusion of mine but still possible to break either way. 8500 proved to be a good...
BTC's movement for today is bull biased due to the following reasons:
1. MACD at H1 is open upwards and H4 is on it's way.
2. Triple stop reversal favores long.
3. Fib retracement is likely finished and will go up now.
BTC is largely bull, but keep it mind that it can go down to 9100 if it breaks 9450 level because D1 MACD is open downwards. Then it will go up...
BTC's movement for today would be small downside then upwards due to the following reasons:
1. MACD at H1 and H4 is open downwards; however, higher time frames indicate upwards.
2. Strong downward pressure from 10200 followed by a dump indicates weakness of bulls.
3. 0.618 of fib is not yet done.
If this downtrend breaks the 9500 level, we're looking at more...
Trading for BTC today is mainly bear biased due to the following:
1. Failed to break the 9900 level.
2. MACD at H1 is still bearish .
3. No fib retracement yet.
A LOT OF OTHER FACTORS ARE IN PLAY! Huge movement is just around the corner.
It is good to mention that BTC is LARGELY bullish but is awaiting correction. Price action will dictate more so please keep...
Trading for BTC today is mainly bear biased due to the following:
1. Tested 9350 level and failed to break.
2. MACD at H4 is bearish .
3. Fib retracement, most likely, hasn't finished yet.
Personally, I think it can go down to 8900-9000 before continuing the uptrend. It is good to mention that BTC is LARGELY bullish; however, price action will dictate more so...
It is the weekend so I am not expecting huge movements but be careful because a few weeks ago the weekend gave a huge dump. As for yesterday, BTC did not break any serious level. I am still bear biased due to the following reasons:
1. Tested the 9460 supply zone and rejected.
2. MACD at H4 is bearish .
3. Fib retracement, most likely, hasn't finished yet.
As...
Insane movements yesterday, other BIG factors came into play so trading for BTC today is really tricky. It can easily move to the other side but I distinguished it to be more bearish due to the following reasons:
1. Strong downward pressure before reaching 9600 then sudden dump.
2. MACD at H1 and H4 is bearish .
3. Fib retracement, most likely, hasn't finished...
WATCH OUT! Crazy price actions and anything can happen anytime, as seen in 3 purple arrows again.
BTC's movement for today is short term bull biased due to the following reasons:
1. Price action showed strong rejection of the 9200 level.
2. Momentum for a dump is needed and will be achieved at around 9550-9700 level.
However, BTC's movement is medium term bear...
Trading for BTC today is tricky. It can easily move to the other side but I distinguished it to be more bearish due to the following reasons:
1. Before reaching end of the range, it gradually went down then small dump. After the dump, it went up but then as seen it went down again gradually. Bears are getting momentum.
2. MACD at H1 is bearish .
3. RSI is nearly...
BTC's movement for today is bull biased due to the following reasons
1. MACD at H1 and H4 is largely open upwards.
2. Price action a few hours back might have suggested a fake pump but it went up, showing strong upward pressure.
I'm looking at current price action and if it breaks the minor resistance at 8700 level, it will go up. On the other hand, it can go...
Ahead of time I'm going to say, TRADING AT CURRENT RANGE IS RISKY. As shown, there are 3 scenarios, which is my first time showing so because it has no definite movement for today. Both sides are neither backing down as seen in sudden pumps and dumps. Here are some of the observation:
1. MACD at H1 and H4 are both favoring the bears.
2. RSI is in neutral.
3....
BTC's movement for today is bull biased due to the following reasons:
1. MACD at H1 and H4 are both opening upwards.
2. Strong upward pressure as seen recent pump.
3. Price action follows an ascending channel.
I believe that we have to be cautious because BTC can drop anytime for the correction,most likely until the lowest part of the channel or it can be pretty...
BTC's movement for today is bull biased due to the following reasons
1. MACD at H4 is largely open.
2. Strong upward pressure as seen in inability of bears to push it down, many doji candles.
However, I believe that it will go down after reaching some upward level. No exact level but between $9000-9300. However, if it breaks $9300, we're looking at a strong...
