if BITSTAMP:BTCUSD fails to close above 200 EMA support it might stay in 3K-$4k accumulation if not then a test of previous support and breakdown to 2K zone followed by 4months accumulation
Buy BTCUSD above 6385 T1: 6420 T2: 6490 T3: 6560 SL: 6338
If Bitcoin continues to create Bullish 3-method formation then we may see good bull run in coming months..
in short term we can drop to 6640 level.
bitcoin well playing inside a triangle . 200 moving average resistance also will play when reaching at near 6900 to 7000
Midterm Forecast: While the price is above the support 4966.90, resumption of the uptrend is expected. We make sure when the resistance at 8200.00 breaks. If the support at 4966.90 is broken, the short-term forecast -resumption of the uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 26 and it prevented the price from more...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: . The RSI bounced from the support #1 at 26 and it prevented the price from more losses. . The RSI downtrend #2 is broken, so the probability of resumption of uptrend is increased. . Price is below WEMA21, if price...
Midterm Forecast: . While the price is above the support 6000.00, resumption of uptrend is expected. . We make sure when the resistance at 9774.80 breaks. . If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: .While the RSI support #1 at 30 is not broken, the probability of price decrease...
Midterm forecast: While the price is above the support 6000.00, resumption of uptrend is expected. We make sure when the resistance at 9774.80 breaks. If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is...
hello guys at the moment of writing this post we think that it's very difficult to predict what's going to happen next in cryto space especially by looking at charts of btc but we will try our best to give you our opinion on and our bias towards bitcoin, ok let's start-Right now we think that our major resistance line is very crucial to break for bulls to come...
BITCOIN/DOLLAR Midterm forecast: There is possibility of temporary retracement to suggested support line (8180.60), if so, traders can set orders based on Price Action and expect to reach short-term targets. While the price is above the support 8180.60, resumption of uptrend is expected. We make sure when the resistance at 9774.80 breaks. If the support...
11700-11750 zone is going to be a make or break zone for Bitcoin as all the major trendlines converging at one point are saying something!
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...
Brief analysis I see a sharp bounce from 9222. This low was just shy of the Gartley PRZ near 8700. It has been approaching a possible reaction zone near 13000 and strong resistance near 14000. Price action there will reveal the future course of action. We have strong support at 8700. The traders should turn bearish only below 8700 because then there will be a ...
Wait for Buying partial @ 13100-13200 and @ 8800-8900