I am bullish around these regions as long as support does not break. Manage trade near these levels.
3 day chart.
no comment. charts should speak for themselves.
Everyone got trapped - if they were trading the longer term time frames. If you were an intra day trader - You possibly made it out ok - But if you are a longer term trader hoping to catch trends bitcoin just slapped you across your face and told you - this market will be behaving differently from now. The Past price action of Bitcoin should not be compared with...
sideways of hell leading lots of frustration. don't lose sight of bigger picture. don't short till the line breaks.
short it. the bankers wont let bitcoin grow, So we short and give arthur hayes money instead when he liquidates our positions.
snek is bearish biased here - since line is not broken u shud be aware of it anyways.
Bitcoin is set to test the 8.7k levels after clearing the crucial 8.2k level on the charts. If 8.7k level breaks - I might become slightly bullish, But BTC needs to go above 9.4k for me to be long term bullish. But middle term trend still looks to the downside - As long as 9.4k holds as resistance - don't be bullish on BTC long term..
BTC has been on a bull run for the past few months. That candle from 9.4k utterly destroyed any bull hopes i had left. Currently the 4h has tested the 8.2k resistance which has held well. The weekly RSI 50 level currently stands broken. If the trend is strong it oughta continue much lower without testing 9.4k again. Short 8.2k , manage trade on lower time...
The daily support at 9.8k area has held so far friends. I think this 9.8k level is absolutely crucial in determining the future of btc. It is absolutely important that it holds on the shorter time frames for me to be continue holding a bullish bias.So i would long the area at around 9.9k and manage risk from there. A 4h closing below 9.8k would be your signal to...
Friends , btc seems to be in trouble. The 4h support at 10.1k seems to be broken as of this moment - which means that price is likely headed lower. I'd take a short position at 10050 area and manage risk based on a 4h candle closing above 10.1k. The chart pattern is arguably a descending triangle, It does not look like a symmetrical triangle to me. Descending...
Lets go. Please let there be an alt season soon. Manage risk based on 1.5k satoshi level.
The weekly 11.5k is going to be super crucial - Because. 1. It governs the mid term down trendline from the recent local highs. 2. It is also the massive weekly resistance of 11.5k - which has been tested like 4 times. I strongly believe if BTC breaks above 11.5k we could be seeing ATH's for bitcoin very soon. This is also the reason why its better to be...
The 9.4k level has again held strong, It has proven again and again its a strong level. I think price might go and test the 10.5k-10.8k area and then go on price discovery mode again. It could possibly break above that area as well, I will make future trades based on how the test reacts. A 4h candle closing below 9.7k area will put a pause on this trade...
A symmetrical triangle has been forming on btc usd for almost more than a month now. Symmetrical triangles are a NEUTRAL PATTERN ie they are not bullish or bearish till a breakout is confirmed. Don't let the dump from 10.6k fool you - Daily support level has not been broken yet, and there is no lower low yet on the higher timeframes. As you can see we are right...
So everyone is looking at the weekly level of 11.5k - 12k area. With price Forming a symmetrical triangle, targets at 13k (bullish break) and 10.5k(bearish break) This will be one of the most decisive weekly closes we've seen on btc. The way we resolve this pattern will decide the future of btc! Symmetrical triangles can break both ways! Trading the breakout of...
The critical level of 11.1k was sadly broken with good volume. The volume on the dump is pretty decent - So i am expecting continuation. Until price closes a daily above 11.1k again - I remain bearish. I am hoping the market gives us opportunity to short this based on confirmation - I am looking for shorts near the 10.5k and 11.1k areas based on lower time...