BTC has a resistance at 6772 . Major bull trend cant come before it rises before 7819. 200 EMA is also showing absence of any good sign at the moment.
Hello Traders, After the rally to 20,000 and a deep correction, completed Wave I and Wave II of Bitcoin and potentially started a new wave of which Wave 1 and Wave 2 is potentially complete, which then makes the next wave which is going to start soon or started just now Wave 3 of Wave III which is considered to be the longest and fastest Wave.. And given the...
Regular bearish divergence on 4HR..closed below 6838 resistance line..little correction is expected till 6500-6600 range
Regular Bearish divergence on 4HR with RSI It needs a correction after a pump. Target could be around 6435-6500 zone
what do you Think guys Bitcoin Break The Major Support Of 5.9k $ ? If Brakout Then Next Support Is Our Hope
Technical analysis has lost much of its significance in recent markets. Lot of Patterns like #Triangle, #Falling Wedge Etc. not working and already broken. Therefore, it can be said that the present situation is waiting for a sharp fall or surge. The weak support line in the current situation is near $ 6,350. As I said, this is not a strong support line, and the...
Bitcoin Hit the all time low again last week , right into the support zone and then a quick clean bounce off the 7000 mark , the 50MA has flattened and there is sense of a rally to the 200MA. Great time to buy Long/Medium term.
i had a 12% didnt thought this surprise bought it when it was 19k satoshis its now 25k satoshi
Hello, Looks like bull runs could not continue beyond a few weeks. 200 day Moving Average is a major resistance for BTC. Thus the touched it and came down twice is past month. Next support is near 7.6k at the bottom of the Ichimoku cloud. Let's see how it pays in next couple of weeks.
Bitcoin tested 7k level last month around 18th march post which it jumped to 9k level by 23rd march. My initial though was, is bear market over? are we starting with next run?. I was patiently waiting for some of the major resistance to be breached. End of march, bitcoin again tested 6.5k level and has been hovering around 7k since then. This particular junction...
Bitcoin Not take this serious where there is lot going in Bitcoin. Just for watching. Is it going to tumble? Or is it heading back 20,000$
BitCoin (BTCUSD) study A bounce towards the major trend line could be seen above 8650
Time for a routine trend retracement before we get back downwards.
BTC spot at 11257, potentially forming series of lower high, it’s highly expected as it test 13K figure, come back down up to 8200/- and if breaks 13K and followed 15k, it would potentially confirm bullish flag, expected to break 24K also. Take your decision wisely.
We might see drop in Bitcoin prices as there is head and shoulders formation, except drops if the support 14500 doesn't maintain in next few days, we will very likely see prices touching 9000
I feel that bitcoin rally has run out of steam, this seems to be the end of a 5th impulse wave of elliot and the 1st reactionary wave seems to have begun! I feel the bitcoin will test target 1 of 16500 , target 2 of 14000 and the stop loss for the same would ideally be the rally high, but i feel a close 19300 would also suffice!
BTCUSD seems to have completed its impulse wave and seems to have entered a reactionary wave. The target for the same at first will be 16500 levels and second target can 14900 levels. The stop loss ideally should be above the high of the rally, but on a closing basis the stop loss will be 19300.