masoodmalek

masoodmalek

Currently Bitcoin is between 30K support area and two resistance area in 35K and 41K. Two scenarios are in font of Bitcoin right now. Although first Scenario is more probable, considering volatile market in these days we strictly advice to watch market carefully and open positions with Stop Loss. Scenario 1 (Bullish) Presented with blue arrows. It is possible for...

masoodmalek

Will History repeat?? if bitcoin cross trendline (red diagonal line) there possibility of rapid decline in price.

masoodmalek

bitcoin bit the top of the channel and there is potential for price decline, there is also a divergence between new local top and MACD indicator.

masoodmalek

after break of its support line ETH has a potential to fall to the next support

masoodmalek

bitcoin is in a very critical area it can form a potential head and shoulder on 4h time frame. for confirmation we should wait for reaction to resistance line and and then break of neck line.

masoodmalek

it seems bitcoin has reacted to declining trend line quite well in the past month, we are expecting bitcoin drop in short term.

masoodmalek

Bitcoin breached out of the longer channel and placed in a bearish channel, it is expected to at least touch the bottom of bearish channel. the second target is to decrease equivalently to the size of larger channel width.

masoodmalek

divergence in H4 chart between price and MACD led to price jump

masoodmalek

Divergence between MACD and price indicate potential for drop in price.

masoodmalek

there is a bullish divergence in 4H chart and we expect a rise in BTC price afterward.

masoodmalek

There seems to be a divergence between MACD histogram and bitcoin price in 4H chart. we can expect a decline in price to the specified levels.