We now have 6 consecutive green candles on the daily Bitcoin chart. This isn't something we see often.
At this point, many people are already looking for a retrace but here is my theory as to why I think we can go straight up.
First, it is the same signal I mentioned just two days ago with the volume bars.
We are starting to see volume, finally, but it is still...
". There is a possibility of temporary retracement to the suggested support line (32877.1).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. BTCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Etherium has hovered from 1700-2400 range for a while, touching 1700 support thrice.
However, it is the very first time that the price has crossed 55 EMA on the daily chart.
With this EMA acting as a support line and positive news about Etherium's utility, it's only a matter of time that the 2400 resistance will break, setting a new target at 2900.
Following chart is of BTC/USD which shows RSI Divergence Pattern, Buy After it Breaks the @41000 Level, Very Strong Resistance right there.
Also The Targets is huge, so Go Long After Breakout.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Bitcoin has been in a lot of stress lately, many new investors joined during the bull run but as the market reversed as it did in 2017 we can see that happening again in 2021, as my analysis says the last fall of bitcoin in this crash has started and it might end bitcoin on $20000 to $19500, which will be an important support.
This is just an idea of BTCUSDT, If market fall again and where it will go next and where to enter ..
this is not a financial advise.. Do your own research before investing
This is an analysis of BTC in worst case scenario
1. We can see a divergence in 1D chart where price creating a LL and RSI is creating a HH
2. AB=CD patterns show market likely to reach 1st...
Price can be seen approaching the Yearly Pivots!
- The Yearly Pivot in the chart is a “Virgin” Bullish Yearly GPZ which acts as a strong zone!
- Price is currently hovering near it’s weekly demand zone too!
Long between Yearly Pivot & L3
SL Yearly BC (Bottom Central)
Bitcoin has taken support on the 29k line 3 times in the last 3 months.
RSI has cooled own from 90 to 57.
Next support for RSI is available at 48 and after that 43 which will be crucial, if we do not see a bounce back from 43 here then it may slip to 20k or probably 13k.
What is an ‘inverted cup and handle’?
An ‘inverted cup and handle’ is a chart pattern that indicates bearish continuation, triggering a sell signal. Think of it as an upside-down cup and handle.
If you look at the regular cup and handle pattern, there is a distinct ‘u’ shape and downward handle, which is followed by a bullish continuation. This means the inverted...