Looking to enter 8900. Stop loss at 9050. Profit taking 8750. Significant volume on the most recent downmove.
Price action managed to break below 9000 level. BTCUSD traded in a tight range yesterday from 9200 to 9400 with little volume. 1 am last night saw the big move to the downside breaking through 9200 & 9000 resistance levels. My short term-bias is that price action is going to go lower & probability wise, I believe there is a greater chance of it going to 8800...
Doji forming on the daily with decreased volume from yesterday's candle. On the hourly the 8EMA, 13EMA, & 21 EMA are crossing over with the shorter time frames going to the downside. The market managed to reach near 9600 level ~2 am last night but then sharply enough dropped to the 9200 level. It has touched off this level a number of times over the past few days...
Bullish bias for Bitcoin over coming days. Weekends tend to have a drop in the cryptocurrencies markets but price has held strong today with a bullish engulfing forming on the daily chart for Bitcoin. What this would indicate to me is that bitcoin attempted a drop in price yesterday but was held up by strong buying pressure & the increased volume on today's candle...
As of recent when bitcoin price has been surging litecoin has been outperforming. On the other side of things, when bitcoin has been dropping, litecoin has been underperforming it. At the moment, bitcoin is trading in a tight range against the USD & I have a bullish outlook for it as I referred to in this idea This could be an opportunity to enter a long...
I have a bullish bias for today's price action in $BTCUSD. Next significant resistance level I am looking at is ~9600. Doji currently forming but we have a number of technical analysis indicators on the daily supporting this viewpoint: -Yesterday's candle tried to get below the key level 8950 but failed with a price surge occurring late enough in the day. I can...
If price action can close above 21EMA on the hourly chart, I will be looking to enter a long position. Volume has died off significantly on the downward move & inverse head & shoulders is forming. Altcoin market has also had some decent gains today which would support an overall positive sentiment for the cryptocurrency market.
Volume dropping off on this short term push up in BTCUSD. Sellers coming in every bit the price pushes up. If can reach 9200, I anticipate sellers coming in significant enough volume to push the price one to two hundred. Seek short at 9200 level with stop loss at 9300 and profit taking 9100-9050 level.
Market has had a quick drop over the last 30 minutes. Overall sentiment remains positive. Try get a limit order fill @ 9200 with stop loss @ 9000 and profit taking at 9400.
BTCUSD meeting significant resistance @9000 level. I have heard theories that significant resistance & profit taking is anticipated at 10000 level so this significant resistance is the result of people acting before this happens to take profits. A number of signs would support taking a short-term short position with an aim to take profit at the 8700 level or stop...
Typically, bitcoin & ethereum & litecoin price action is very similar and it sync but over the past few days bitcoin has been reacting more strongly with upward market movements. Larger volume has been coming in & price action has been showing greater percentage returns against USD. On the other side of things, Litecoin today has been showing greater percentage...
If retraces back, look to enter @8400 long position. Profit taking between 8520 to 8900 depending on market dynamics. Scale out of position. If price action goes down to 8150 or below, look to exit at loss.
$BTCUSD in a downtrend & for to move upwards will need to break a lot of resistance levels including both horizontal lines and moving averages. This view is being supported on multiple time frames. If enter and $BTCUSD breaks above 8600, monitor closely to consider stop loss
Bulls still struggling to move price action up. 9EMA closing in on price action. Key resistance level around 8600, let's see if the price action pushes lower and this becomes support.
Bulls are struggling a lot on the way up, short bias
$BTCUSD working hard to get back up and seems susceptible to another fast drop to the key support level of 8600. Look to short at around 8800 with stop loss around 8950 and profit taking just above key support around 8610
TA looking bullish across multiple time frames with price action trading above 9EMA and higher highs and higher lows being formed. Many alts showing gains against btc pairing over past 24hours and etc also showing gains but not as large as other alts so there may be room for a move to the upside. Look to enter @ 0.0188 with close analysis of 21ema among multiple...
$BTCUSD broke through key daily resistance level at 8380. Let's see if it comes back up and touches it to become support. Looking to enter short position at this point. If comes up even further look to add more to short position if it hits 9ema. Look to exit at a loss if it comes up to 21ema.