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Btcusdanalysis

BTCUSD POTENTIAL BREAKOUTSince we have 2 phases of the upward move and forming ascending triangle pattern in the 15 min time frame, we can expect that it can give a big breakout from levels of 49000-51000 levels. The market can enter into a long long uptrend phase with some frequent minor correction and it can sustain the uptrend till 55000 levels followed by 58000. Happy Trading. :-) Note - This idea is only for educational purposes and the application of the idea provided here in your own trading is dependent on you and any loss caused by that is totally your responsibility. The author is not liable for any loss/damages that happened to any party.
BITSTAMP:BTCUSDLong
by TraderParth
2
BTCUSD - and what?Morning Traders, If you take position after price breakup trough TL2 that that was outstanding and easy position. I have created Channel but the price did not reach upper line of the channel. I just waited for candle to be closed. On the lower TF momentum slows down. But we have wait until price either break trough the TL of the channel or rises higher. And that perhaps is price doing right now. Look like price is loosing momentum pay close attention what is happening on chart. But keep in mind that this is four hours candles anything can happen in that time. Thank you for like it my analysis.
BITFINEX:BTCUSD
by ForexClub_pl
BTCUSDT 4h. Rsi divergence and a inverse H&S#BTCUSDT 4h. one thing I've noticed is that btc doesn't care the rule of where should an H&S form and if it's valid or not. it will work out certainly leaving you fool 85% of the times. if you can recognize it on time you can have the real advantage. Reason and Confluences: 1. Bullish Rsi divergence. 2. There's inverse H&S **BUT it still not confirmed. 3. Following daily time frame, there's a bull pennant ready to break upside. @in_tradingview #TradingView
by Ilikethehell
Distribution might be going on in bitcoinsevidences supporting the conclusion provided in chart.. shortening of buying thrust after the june rally, quickly followed by large severe selling waves and lack of follow through in the subsequent rallies and at the present position of the trading range the inability to cross above the 20dma, shows weakness in the price action unless the supply trendline is decisively taken out, price action on bullish expectation is better taken with a pinch of salt even then also, traders should be cautious of a upthrust formation at the level of the high made in june support as mentioned at the 200 day wilder moveing average and the zone of previous reaccumulation should be considered - 8000-7500 happy trading guys! Disclaimer.... not an investing/trading recommendation
BITSTAMP:BTCUSD
by capsule91
3