I can observe that BTCUSDT is undergoing a distribution phase and ther can be a great downfall if it is true, let's not take any long positions and even even if we do then either we enter in spreads or we enter hedged. can be a great DISTRIBUTION
Bitcoin close the weekly candle above the $25,000 key level. We will see a last wave toward the $29,000-$32,000 resistance level. You can start booking profit or increase your stop loss as we might see a test of the $25,000 level in the coming weeks. if btc doesnt close above $28700 then the reversal patterns for price action start to perform and bounce back...
$BTC exactly jumped from average weighted buying price from the bull (The Blue and Yellow line) and makes 25% move to the upside. Now it is facing resistance where usually swing traders take profit($23.9k - $24.5k), also MFI retesting the bottoms of H&S pattern trendline and RSI upper trendline also being tested. If $BTC breaks these trendlines and crosses $25.5k...
Technicals : medium term 1. Price Breakout with bounce of 20dma 2. Above average volume 3. High momentum 4. @bbands squeeze open 5. S1 : 19700 6. R1 : 26935
Bitcoin is going through massive pain areas as compared to the other cryptos, as it has been affected the most in this bearish time frame. We have given here the technical analysis for the long-term scenario and short-term scenario, with all of its possibilities. The price is volatile enough to move in any direction- up, down or sideways. Bitcoin USD Live chart...
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...
hello guys, in my last analysis I already told you guys to exit from btc market if it broke major trend line support now we can easily see that big red candle breaks the major trend line it means bears and dominating now bitcoin chart showing full bearish moments right now it breaks that major trend line which is not good sign for bitcoin at the moment it can...
Bitcoin Inverted Head & Shoulders Setting Up? $4,309 26Aug17 Are we seeing a start of an Inverted Head & Shoulders? Resistance remains at around $4,440 (potential neckline) Expecting a pullback to at least $4,000 from there we will see... Sean Vengan Professional Cryptocurrency Trader and Trading Educator
As the interest in blockchain continuously grows more and more people getting interested in cryptocurrencies. Bitcoin is bound to hit all time high as it is basically the Apple of Cryptocurrencies. Bitcoin after the market day out is again rising at a steady rate, People should start investing as soon as possible as soon it along with litecoin are gonna skyrocket....
BTCUSD just broke out of the symmetric triangle pattern Target 1160 SL 1018
Go long on BTCUSD Target 1000 (Target can be 1040 with trailing SL) Tight SL 939