BTC is at major trendline right now. It will breakout or get rejected?
Finally we turned bullish again. BTC has given breakout out of resistance of 40000$ and trend line now next resistance/target 44300$,48900$,51000$++ and strong support zone is 34000-35000$
BTC Triangle pattern I think it is gives good move from that pattern. lets see . . . . Good luck from me !
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (38906.10). . 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 an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Hello traders, this is a detailed analysis of bitcoin. some important levels and patterns that might help you to know where it can go. BTC is very beautifully respecting the levels and hoping it to respect them further. last time bitcoin fell around 53% and the same correction was being done again. history can repeat and maybe it can start it's bull run again....
Here we have a very basic/beginners wave count. We have the impulsive (1,2,3,4,5) and corrective (A, B, C) waves mapped since January 2015. Based on EW guidelines, the 3rd wave of an impulse has the highest volume. Corrective waves tend to have low/decreasing volume. Knowing this, we can easily figure out that we are in a corrective wave after Wave 5 ended of...
A very nice dead cat bounce, facing a huge resistance which also turns out to be .618. I think its good time to short with SMALL SL.
If the trendline breaks on upside there will be a high probability that it may go up...🚀
After moving away from the 1H timeframe chart, we have the 4H for BTCUSD. Here we can get a better picture at our "local resistance", in this case we can see it clearly as EMA100 or the blue line on the chart. Every since the 24-Jan. we have higher lows on this chart. The "EMA100 RESISTANCE" is being challenged over and over. The more a resistance level is...
4 hour trand line Daily trand line Down trand tradline Starting upward trand
We've been looking at the $38,000 - $39,000 price range as resistance based on multiple candlestick patterns and rejections. This same resistance is right now at work. This chart makes it very simple for you. Above "Local resistance", Bitcoion can grow. Below it, we get consolidation or more correction. Additional details on the chart. Namaste.
Divergence occurs when the indicator fails to imitate the pattern on the price chart, a sign of trend weakness and likely reversal. In an up-trend, if the price makes a new High (a higher peak than the last) but the indicator fails to do so, that is a bearish divergence. You can see the supports that can resist the price fall However, 30k is strong support...
Investor sentiment is at pessimistic levels, which indicates either market lows or a near-term reversal of quotes. At the moment we consider two scenarios of the situation development: 1. an impulse ascent of the quotes from the current levels, the confirmation will be the growth above the level of 4900000. 2. renewal of the minimums around 3000000 and impulse...
Investor sentiment is at pessimistic levels, which indicates either market lows or a near-term reversal of quotes. At the moment we consider two scenarios of the situation development: 1. an impulse ascent of the quotes from the current levels, the confirmation will be the growth above the level of $43,000. 2. renewal of the minimums around $25,000 and impulse...
As btc fot rejected by the supply zone, it fell and made a retracement in the form of the bearish flag. The breakdown of the bearish flag confirmed downwards momentum. Btc is going to fall further down.
The "local resistance" we spotted for Bitcoin yesterday on the 1H timeframe remains valid. We have a bearish bias short-term as long as this resistance remains in place. If Bitcoin goes sideways/consolidates... As long as Bitcoin goes sideways the Altcoins can have some time to recover. When Bitcoin drops there is always an initial reaction from the Altcoins...
Tomorrow we have the monthly candle close for Bitcoin... What should we be looking for? We have many clues to look at but we will focus only on 3 in this article. Bitcoin Monthly Signals 1) This is the first month that Bitcoin will close below EMA10 ($44,455) since March 2020. 2) We have bearish indicators. The indicators, MACD and RSI, are both on the...
We just looked at Bitcoin short-term, BTCUSD 1H, and we are seeing some resistance around the 26-Jan. high... What does the daily chart has to say? Bitcoin Daily | The Same Barrier Holds We have Bitcoin trading within a steep declining channel. We are all waiting for a bottom to be drawn, for a reversal to take place but so far not much has happened. We can...