btc move expected in few trading sessions consolidating since 2 weeks
The past week for BTC was of strong consolidation and diminishing volume. The price level constantly tested the resistance level at the 0.236 FIB level. The RSI level has again formulated a rising channel pattern on the chart. However, the impact on the BTC price was minimal as compared to the rise in the RSI level The MACD level is still attempting to cross...
#BTC UPDATE. #BTC is still trading in the accumulation range in the green box area, red box is still a very strong resistance for BTC. We saw same volatile move in the red box area and in future we might see these kind of moves in the red box area resistance zone so again I wanted to remind you guys, do not trade in the green box range. Trade above the red box...
BINANCE:BTCUSDT Looks like a symmetrical triangle pattern, comment your thought on this..
#BTC didn't shown any movement may be because its a holiday week and global markets are also off too. On HTF, Price looks like struggling to move up and might reverse. Anticipating anything would be early. So look for LTF Breakout for predicting high probable move.
Let me know how many members want technical analysis like i do in past with weekly signal
$BTC 1D closed with bullish engulfing as expected, but no sign of follow up from current 1D. Needs to breakout $17,097 to put follow through close today. As of now looking to test $16,750 support, $16,905 continues to resist, Requires to maintain current support to retest
DXY is in a large expanding megaphone pattern. If it holds true, top out and some relief comes in around 114 ( BLUE BOX )
The past week for the world’s largest cryptocurrency started on a positive note as the price level was able to break above $17.5K for the first time after November. Furthermore, the positive momentum led to a breakout above $18K but was unable to sustain for a longer duration. This could be justified on the 12-hour candlestick as the breakout represents a wick...
Chart provides BTCUSD next targets and potential bottom. DYOR
An enlarged version of the daily line of the Fibonacci circle of the Bitcoin blueprint, a closer look at the position between the K-line and the circle, and an accurate grasp of the biggest ups and downs in each general direction. The core is to be able to buy at the lowest and sell at the lowest The highest, this picture has completely solved all this, the red...
Btc Looks ready to 14 To 14.5k Area We Can expect Bounce From Lower Line Of falling Wedge We Dont Have Any reason On Chart to Buy Btc
$BTC $17,301 support in effect tested once and holding. $17,592 initial resistance from here. 1D closed ugly with bearish engulfing as expected yesterday, Current support remains crucial to hold or revisit to $16,750 possible.
As I said in my previous analysis BTC might face resistance around 17400 - 18000 It has shown weakness on the buy side If a red candle closes today , you can go with a short position keeping the previous day's candle high as stop loss Or if you are a breakout trader then wait for the breakdown of the channel
BTC is been showing the respect from the resistance zone. As it has cross the trendline of bearish now going up side with Higher Higher and Bulls might be back if is does not retrace from the resistance mark if it break down with the restest we can see the selling days else if it Goes up and crossed the zone it will go up. There might be more chances to sell side...
$BTC $16,905 support held, Reattempt at $17,301 in progress. Bullish engulfing on last 1D close, Needs follow up from today's daily close, if followed thru $17,592 test likely. Continue watching given S/R
Since the start of December, Bitcoin has formulated a strong consolidation range between the price level of $17K and $17.5K. This could be a positive interpretation as compared to its performance during November end. It could be noted that BTC is facing strong resistance above the 0.736 FIB level on the Fibonacci retracement table. The price level had also...