Don't miss the great buy opportunity in BTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (9322.8). 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 resistance.
. The RSI is at 51.
Take Profits:
TP1= @ 9597.0
TP2= @ 9719.0
TP3= @ 9840.0
TP4= @ 10009.0
TP5= @ 10424.0
SL= Break below S2
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Bitcoinusd
Don't miss the great buy opportunity in BTCUSDTrading 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 resistance.
. The RSI is at 73.
Take Profits:
TP1= @ 9275.30
TP2= @ 9485.85
TP3= @ 10028.85
SL= Break below S2
Bitcoin Halving 2020 - Current Setup before the eventThis is a comprehensive overview of Bitcoin behaviour prior & after it's first 2 halving phases.
Currently it's has formed a Triangle / Pennant pattern & seen to have taken support over its weekly 200 moving average .
Let's see what's in store for it.
Don't miss the great buy opportunity in BTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (9159.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BTCUSD is in a uptrend and the Continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 80.
Take Profits:
TP1= @ 10505.20
TP2= @ 12138.65
TP3= @ 13869.90
SL= Break below S2
perfectly following triangle pattern , now sitting on supporttriangle pattern is perfectly being followed by price action , now price is sitting on weekly support , a strong support to bounce from . lets wait & watch for today closing , if today's candle close is below 7900 exit or else long it from 7950 with stop of 7900 for a target of 8600 .
perfectly following the long drawn triangle on weekly chart weekly charts says it all, perfectly respecting the upper trendline , price got deflected & now standing on 50 MA on weekly , next week would be decisive , break & closing of next week candle below 8500 will bring fall till 6900 , or if it bounces back it wouldnt go beyong 9500 (perfect spot to short again) .
Bitcoin Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 8 to 12 times.
ETHUSD: The pair is at an inflection point. ETHUSD: The contract is into dominant down trend. The RSI is taking resistance at the bear market extreme with a NR formation. 196.50 is a strong pivot level. The contract needs to register a close above it to establish a trend change (as a double bottom is noticed). However any failure to move above 196.50 will lead to resumption of the trend down again. The probable southward targets are 152, 140 & 134.
What happens after BIG-BERAS? Bitcoin TutorialHere in this tutorial/analysis we'll look at accumulation which happens before a next Big leg-up. You can find notes on the chart itself, I'll just explain what happens in terms of Thrust and Momentum during these accumulation phases. White line is line of bears and it measures the momentum (Price difference divided by time taken) of the move while its slant-ness shows the Thrust of the whole move.
In current scenario you can see how bears are losing momentum after every move. To keep this theory validated we should not print any Lower low from here and go sideways for time being to weaken even more bears.
Remember this thesis will work on higher timeframe chart which has gone through a significant price decline over time. BASICALLY USEFUL IN SPOTTING REVERSALS.
You can check out the previous bottom which occurred in Jan-Feb 2019 by sliding left in the chart.