possible correction and may retest 8350 but have a stop loss for 1 % happy sunday
This has never happened in all of Bitcoins history during a bull run; there is a likely chance we are back into a bear market and could see declines below 6k. Be careful trying to make an entry as more pain is likely over the next few months. Also worth noting is that the all time high hash rate is placing a great amount of pressure daily as miners dump...
Technical analysis: . MONACOIN/BITCOIN is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There...
Bitcoin (BTCUSD) is now moving within a descending channel, going lower. Now I am seeing a potential bounce in place or further drop. Bitcoin can easily move lower, according to the chart above, but a bounce is also very likely. As for the mid $6,500 price (I am looking at the $6200 - $6500 range), I am looking at this level for Bitcoin (BTCUSD) to fully...
Technical analysis: . 0X/BITCOIN is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 77. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a...
Today's drop makes it clear that Bitcoin (BTCUSD) is going to retrace as we were expecting... But how much lower can it go? Let's take a look at Fibonacci proportions for answers... Bitcoin reached a peak in late June completing a move that started back February 2019... As it moved lower, it found at the 0.382 Fib. retracement level from the last bullish wave....
Bitcoin (BTCUSD) just closed below EMA10 on the weekly timeframe, let's get back to the basics... Back to keeping it simple... Above EMA10 = Bullish potential Below EMA10 = Bearish potential Bitcoin's bearish potential has been activated on this timeframe, if BTCUSD remains below EMA10, it is very likely to move lower and test EMA50, which is now...
In my last update for Bitcoin ( BTCUSD ) I mentioned "bearish tendency", because Bitcoin has been moving lower since it hit a peak on the 26-June, we can easily see lower highs being printed... But since the 28-July, we are also seeing higher lows. This is all a period of consolidation but Bitcoin can still move lower before moving back up. Now, the signals... ...
With a good enough consolidation on the charts, showing accumulation at the levels of 10200-10500, long targets of 12500/13900 are valid on BTC. Expect an upside price volume breakout soon enough.
Btcusd | CRYPTO analysis #CRYPTO Bitcoin
If you followed my recent trade ideas for Bitcoin (BTCUSD), you are aware that we were expecting this drop and went SHORT short-term. Multiple signals were pointing to a drop, namely: BTC moving below EMA10. Peak hit on the 6-Sept. Bearish indicators. Altcoins market time to move up. You can see all the details by clicking on the image below: Now,...
BTCUSD 1hr day trading chart analysis #BTCUSD
BTCUSD Analysis #BTC CRYPTO cryptocurrency sell to Fibonacci 60
Bitcoin (BTCUSD) can easily move lower... According to the signals coming from the chart above. My last analysis showed that the signals were weak and that Bitcoin could move down since it was rejected for the fourth time by strong resistance... You can see the full analysis here: Now, we are going to have a shorter-term look at the chart. Bitcoin (BTCUSD)...
Bitcoin's rise to the top has been stopped by heavy resistance... Let's take a look at the chart together and see what will happen next and the different potential scenarios... Feel free to hit like to show some support. Bitcoin Daily (1D) Chart Analysis by Alan Masters Good Saturday, let's start by calling our attention to the "Purple trendline", notice...