BTC/USD has completed the bearish crab pattern. As per the rules of the crab pattern, the trend of BTC/USD started to fall because it's a bearish crab. But it's suggested to sell near the D point. It will fall up to the targets 12972.35 - 12087.10 - 11465.31 . But as it's crab pattern, there is a possibility of a pullback. If it starts to rise, DO NOT SELL .
Bitcoin fallen from 16 k after breaking the yearly ath trend now again tested from 16k to 17.5 k and created small uptrend but look like seller can move here to test 17k support then we can expect move next big ath in long term right now everything is correction right now and I believe this is so different from 2017 fall of BTC, for now, its making market stable...
Bitcoin Bounced from 16k support as we mentioned yesterday now testing the 17200 is a strong resistant point in 4-hour candlestick if this resistant point will break bitcoin will retest the 17800 resistant points and 18200
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...
Bitcoin - Intraday
We look to Sell a break of 11227 (stop at 11336)
Previous resistance, now becomes support at 11300. 50-hour EMA is at 11360. A break of yesterdays low would confirm bearish momentum. Short term bias is mildly bearish. We look for a temporary move lower. The bias is to break to the downside.
Our profit targets will be 10948 and 10852...
I hope you can now see how BTCUSD represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
BITCOIN UPDATE. ✌ 🤲
Bullish Trend. ✅✅
11940 - 12060 Is A Good Trend Line Resistence, If Price Successfully Breck This Level, Then Next Target Will Be 12800 - 13400,
Brarish Trend.... ❌❌
BTC Can Be Retest Near At 11700 Again,Then It Will Be Pump From Here,
If Price Failed To Pump From Near 11700, Then Price Again Take Another Corretion At 11850 - 11200,
The charts shows two paths for BTC. From here it can follow the either one.
RED one is distribution schematic.
GREEN one is re-accumulation schematic.
Personally I'm leaning towards distribution schematic but if I see some strength around 9100, I'll switch bullish.
Any Price weakness around 10100 will trigger shorts.
BTCUSD as formed double top and triangle pattern on daily chart and small triangle in 1hr chart. It as broken triangle pattern in 1hr chart and expecting upmove for short term. Please zoom if you if the 1hr triangle is invisible .