Few questions are starting to come up now that Bitcoin (BTCUSD) is clearly moving higher... - How far up can it go? - Where can we find the important support and resistance levels? We are looking at Bitcoin (BTCUSD) on the daily (D) timeframe We have really good trading volume, the bulls are now in full control. EMA300/MA200 fully conquered today....
Bitcoin (BTCUSD) has been a slow recovery with slow and steady growth which is now turning into a "strong recovery". We have a "V-shaped" bottom and there was only one barrier left to know if Bitcoin would produce additional up. This resistance is at $7865 and is now being challenged on the weekly timeframe. Prices for BTCUSD are safely trading above...
Bitcoin (BTCUSD) is preparing to jump and will surely find resistance at ~$8,000 or MA200, marked on this chart with a black line. Prices for Bitcoin managed to conquer EMA50 so additional growth is possible. We have bullish indicators with low trading volume. While the trading volume is low, we are seeing green bar after green bar being printed... A strong...
!! Please leave a Like if you like the idea. !! If break 6600 with a bullish candle then BTC next target will be $ 8200 $ but if BTC break below 7420 with a strong bearish candle then BTC next target will be 7100..
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (7152.05). 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 above the 21-Day WEMA which acts as a dynamic support....
I'm seeing this graph is so convincing than anything else available in the market.
FOLLOW THE LEVELS GIVEN IN THE CHART TO EARN PROFITS
Since BTCUSD follows the parabolic trend and leaner support hope this strategy would work out.
Broke out structure seems bullish momentum fade away. price may consolidate in between for for sometimes and then drop below 5k and 4k will be next. Reasons: 1. Price broke out structure 2. 7k to 6k There's a consolidation momentum from bullish bias. 3. Swing short is on.
We can See A Inverse Head and shoulder pattern !! on 4hrs chart as well as in 1hr Btw Bulls are getting weaker so lets hope it complete right shoulder formation
Hi doston after long time i'm here to share some opinion on BTC i think the current position is fakeout zone ..it may be touch 8500 or fall to 5600 so good to be wait and no trade action on this time.. if price trade above 7450 then we can expect 8500 if price trade below 6400 then we can expect 4900. so keep patience remind : this is my opinion no trade advice
BTC went through a strong bearish phase till middle of March and entered in to a weak rally till first week of April. Since then it has been showing signs of weakness as shown by the simple trend following (High-Low) mechanism on the chart. If the current trend continues we may see 5850 and 4810 test. I do not trade BTC and all the above views are personal. Hit...
Hi all !! Good day !! Hope you are doing well !! Bitcoin has formed two different patterns:- --------------------------------------------------------- 1. Ascending Triangle (Bullish) 2. Rising Wedge (Bearish) Bullish Points:- --------------------------------------------------------- 1. Formed Ascending Triangle 2. High Lows 3. Resistance 6.9k broken 4. Possible...