Bitcoin (BTCUSD) has been aiming lower since reaching a top on the 6th of August. We warned about an imminent retrace and this is now happening... Let's take a look at the chart: BTCUSD is now trading below EMA10 ($11,300). In my previous article, we mention that any trading above this level is bullish, but below this level, we go bearish. The daily candle is...
The Bitcoin charts are changing and the BTCUSD pair might be looking to retrace... But we have multiple scenarios that can play out, so let's take a look at those and where are the relevant resistance and support levels. We start with the chart as it is now: Bullish Bitcoin : Bitcoin (BTCUSD) made a strong bullish move and grew by 35% from the 28th of July...
I am not going to predict what will happen or what is happening... I'll let stats and algorithms show results. -I am using SAR Parabolic strategy. It automatically recommends long and short entry based on stats. Here we see a monthly $BTCUSD chart. By using SAR Strategy tool it shows us that It's Long entry (Upwards trend) and Short entry (Downward) trend has...
Let's take a look at Bitcoin weekly... Our analysis while looking at the weekly time frame/scale; one week per candlestick... Feel free to hit like now and let's get started... Bitcoin Weekly Chart Analysis by Alan Masters Brown dashed trendline: 1) First, let me call your attention to the dashed brown line above. This week candlestick is challenging...
Hi all Hope you don't hate me, after reading my conclusion in this post. I would like to bring a kind CAUTION to the users across the world with my technical analysis. I wish this wouldn't happen. But I can't deny the facts that I see in the charts. What-If Analysis: What-If Bitcoin falls to $ 200 ?? Do the chart tell us a complete different story that...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (9325.90). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . BTCUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
On hourly chart Bitcoin has completed H&S pattern, also right shoulder had pushed down by resistance at 50EMA,and volume surge on breakout indicate short on Bitcoin.. Target1 9800 Target2 9300 Target3 8800 SL at breakout 10,400. Enter in trade if your analysis matches mine. Please Like for Alerts.
You can see that the XEMBTC has broken the falling wedge pattern and moving in Sideway, there is 2 Resistance Level and support level 1: Resistance Level 1779 2: Resistance Level 2080 1: Support Level 1300 Please support the setup with your likes, comments and by following on Trading View. Thanks Adil Khan
You can see the chart. There's nothing to explain. Go long with a tight stop loss below the trend line.
BTC lost support on trend line and 21 EMA and daily chart. BTC is giving opportunity to LONG between 8.6K to 8.1K
Hi all!! Good day! Are you still worried about the trend ?? Are you worried on deciding whether it's a Bull Market or Bear Market's Bull Trap ?? This post is just give you peace with a simple line, called "Bitcoin Life Saver Line". As long as BTC price action stays above this line, we are in a Bull Market. When the price action goes below this line, then it...
Technical analysis: . BitcoinSV/Bitcoin is in a down trend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 24. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a...
We can see that BTCUSD is moving inside its resistance and support lines. If the breakout happens on the upside(Resistance line) then we can see $18000 which next big resistance as the rally is on bull mode. If the breakout happens on the downside (support line) then we can touch its nearest supports levels ($9700-$9000) as we can see trading volumes are going down.