Expect a nice bounce at 200-215 ,from previous chart pattern history it was a really tough resistance area,so expect whales to look for a bounce at that area,
if we do break 200,I expect us to enter Re Distribution zone and our target can be Accumulation zone on the Weekly chart 166 area.
HI guys, So on the 12h you can see that we are in a symmetrical triangle , hopefully we accumulate in this area, and make a move up and break out, the rsi on the 12h indicates bullish divergence in play ,which will lead to a medium scale bull run,. usually triangle breakout target's are based on the base of the triangle , the question is are we going to...
Hey guys so far btc has had a nice drop in price, and i am expecting more to come , because ...
1. On the daily I see resistance at 200 ema
2.Bear flag formation
3. It plays well with Distribution phase of Wycoff's Idea.
It Might not play out exactly ,but this is just a sense of direction ,and price action you might see.
If you have any ideas that might...
Hey guys , while Btc is trying to get back into the larger trend, so far Btc is facing resistance at 200 ma which is a physiological price level as well '10k' ,for a bullish scenario we need to break high with great force above 200 ma , test the trend line for support and reach 11330 target ,but we are loosing positive momentum on the daily ,and the daily Rsi...
So far we have resistance at 50 ema, there is positive momentum on the higher time frames, which might lead us to test the top of triangle target level around 271$ , but we must break 50 ema first, and failure to break,will bring us back to 200 ema area and retest of the bottom of trend line.,258$-260$
Hi guys ,
So far, we are nearing the top of a rising wedge, which has a high chance of breaking down, my first target would be the green zone, and would be expecting a continuation up if we can hold that level, If we decide to break above the wedge and the red zone , the move is going to be Massive(possible cup and handle breakout),and target would be in the ...
Hi guys , So far we Had a rising wedge, and in developement of a bear flag,
with possible target level , The 4 hour Mac D looks like its about to cross down.
The RSI is reaching mid point.
The 50 EMA IS crossing 200 ema which is strong indicator of downtrend
For confirmation of a reversal we need to be above 200 Ema
Btc is on a downtrend channel ,currently trying to complete the fourth wave of the Elliott Wave,which might bring it up to 10k area.The 20 day ma is crossing over the 50 day ma, which can indicate a short term up movement.The Price currently is bouncing off of the 20 bb ma ,possible short term long position with a stop loss under the 20ma and a target 0f...