Rsi is indicating and up move in bitcoin in coming sessions possibly although it is the most risky to take now in pf do watch your setup very strictly if you are into this
Hello Traders,
Hope you all are doing good!!
I expect BTC to go UP after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can...
Here we are looking at the daily timeframe for BTCUSD (Bitcoin).
The grey line on the chart stands for EMA300.
This is a strong level.
Below this level we can see lower prices (red arrow)...
Above this level we move straight up.
Even if prices drop, we are still bullish, within a recent higher low.
Paraguay Comes To The Rescue
Following the steps of...
$BTC|USDT
Once Again,
BTC Got Rejected From TrendLine Resistance At 38500$ (approx.)
Also Breaking Down The Support Level At 36500$ (approx.)
Flipping It Back To Resistance,
Approaching Towards Next Support i.e., 34500$....
If 34500$ Support Didn't Hold Then ,
We Likely To See a Free Fall Towards Liquidity Raid📉With A Possible Long Wick....
Good morning again ladies and gentlemen and welcome back to my daily look into the charts of Bitcoin. Today I have the 4hr time frame pulled up after a nice little run to start the weekend off. We have cooled off a bit since the $40850 high we saw yesterday but there is still reason to be bullish. I will explain... So pull up a seat and lets get this party...
These are the questions that I am now getting very often... If Bitcoin will retrace, how far can it go?
The potential targets we look at are based on the timeframe we are reading...
Even though we have a very strong bearish candle today, with really high volume... It is still very early on this move, here is the daily (D) chart for BTCUSD:
We have today's...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (8953.78). 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...
TD Sequential green "9" on a daily time frame.
Worked like a charm during the last 10 months.
The price is still growing though, so the confirmation is needed.
Not a financial advice.
Bitcoin (BTCUSD) starts to bounce and we have good volume coming in. Our last trade idea mentions a $10,000+ Bitcoin in December 2019...
You can take a look at it here | Bitcoin Going To $10K December | Will It Go Lower First?
BTCUSD Early Bullish Chart Signals
Above-average volume coming in for the bulls (Needs daily closure for confirmation).
Hidden...
Bitcoin (BTCUSD) hit a low on the 30-Sept. and has been moving higher, slowly, since...
A peak price was hit yesterday (11-Oct.) at $8,820 with a long-wick/huge rejection candlestick.
But still, we believe Bitcoin will bounce and move higher, why?
The volume on the drop is really low... Bears are lacking strength. If Bitcoin drops some more and there is...
This has never happened in all of Bitcoins history during a bull run; there is a likely chance we are back into a bear market and could see declines below 6k. Be careful trying to make an entry as more pain is likely over the next few months.
Also worth noting is that the all time high hash rate is placing a great amount of pressure daily as miners dump...
In 2018, John McAfee put his prediction for bitcoin $500,000. I just made the path. how it will go to john mcafee $500,000.
Not a investment advice but it will happy to Bitcoin longterm hodlers. May be in 2028 bitcoin will become Global Money as an Assets.
First you should focus on $100,000. $100,000 Path link below.
happy Holding, Hodlers
This is an update to recent BTC analysis.
At 4-hour timeframe we can see that the price went out of the local descending channel via impulse growth waves. Subsequent corrective Elliott ABC movements brought the price at the upper edge of the channel.
If we take a closer look it can be seen that there are several positive signs:
1. Stoch RSI moves to Oversold...
In 4H chart Bitcoin is following currently a falling wedge pattern.
The yellow line is the major support line, I hope it wont break that and it would retrace and start an uptrend soon. Fingers crossed though!
Reasons for BTC downtrend could be?
1. Chinese NEW Year
2. Facebook banning all the ICOs and Bitcoin ads (Though it wont have larger impact but it is...
For better understanding I have marked resistance lines in Blue color while the Support lines in Yellow color.
Currently we need to see how the resistance and support holds
My expectation is if it created double top then it has to break the Support line.
