The ascending channel has already broken and created lower low.
Now it has created 0.786 retracement of AB leg. Expected extensions of AB leg is the target which is cleared in 1 / 1.27 /1/618 and 2 Fibonacci levels.
Please manage your trade with a Stop at C level.
** for Educational purpose only
Hey collegues! Good opportunity for SHORT! In my opinion BTC price growing is fake.
Situation with world economies very tough. I think we will have a very deep price going down.
False break up of 13000 we have now. In first stage price will go lower than 12000, will get back with false break up of 12000 and will go down. First target is 9800-9600, second target...
The train to the moon scored passengers who thought it was a rocket.
They need to be dropped off at 7800, possibly lower. Somewhere in the area of margin requirements if you count from 9600-10000 it will be minus 33%.
Be careful colleagues, the markets are becoming bearish. The beginning of the week will be made by positive news about the economic growth in...
The current range keeps sending signals of a distribution phase. Bounces will be for shorting. This 4H close will print a bullish divergence.
Invalidation point should be daily candle closing above 10300$.
As you see above: (i) "In the daily timeframe BTC brake the Bullish Trendline & move slightly to the downwards" <<< here is the first sign
(ii) Another confirmation will be coming if it brakes 200 days EMA line
On hourly chart Bitcoin has completed H&S pattern, also right shoulder had pushed down by resistance at 50EMA,and volume surge on breakout indicate short on Bitcoin..
SL at breakout 10,400.
Enter in trade if your analysis matches mine. Please Like for Alerts.
As I have said in my last post, it was pullback wave to $10,000 (defined sell zone) and it reversed from there, which is what we expected. Everything is going as predicted so analyze target for new bottom and hope it follow-defined path.
The new bottom we are looking here is $8200. From previous up-trend this can be seen as consolidation zone and could change...
We are doing Analysis of BTCUSDT on 4 Hour Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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As stated in the previous article last week, if the resistance level $4200+ is not broken then we would hit the price around $3500 range.Hence it tested the $3478 price level after a drop of 15% this week.
It needs to hold the $3400-$3500 support level and break the $4200 level in the coming days to confirm bullish momentum otherwise we might see...
$BTC #BTC is having strong resistance aroun 7200$ and will see reversal from this level in 6 - 7 days
if it goes up around 7200$ - 7500$ than should come to around 6000$ again
best time to enter in alts coin is when btc will come below 6000$ again in this sep month
Bull Run will be started after 10th of oct. 2018
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