possible scenario for bitcoin in the downtrend. The trend line which starts from 10k has acted as a strong support for bitcoin. It has rebounded multiple times from the trendline. It comes at around 25k for btc and final price to which it can dip looks like 22k. If you look at left, the purple rectangle is where btc stabilised after peaking at 14k back in may and...
Bitcoin (BTCUSD) is now entering strongly bullish territory with prices trading back above EMA10.
In this chart, we are going to be looking at mainly the Fib. levels.
Based on fib. proportions, our next immediate resistance is sitting at $13520.
This level coincides with the June 2019 peak at $13764.
This price range of $13520 and $13764 becomes the 'LAST...
Bitcoin (BTCUSD) is now moving below EMA10 after a double top... The crash is now on.
The MACD has the bullish cross and the RSI trending now...
I gave all the signals at the weekend... Prices will start to move lower for Bitcoin.
It won't' be pretty.
Namaste.
We looked at the mixed signals for Bitcoin (BTCUSD) on the 4H timeframe... Now let's look at the daily and see what we have.
We still have some mixed signals here since we are technically bullish above EMA10... But we have many signals developing that tells us a drop can come next.
Let's get started right away.
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1) Let's start by looking at the blue lines...
Let's have a quick look at Bitcoin short-term.
This is the BTCUSD pair on the 1H timeframe, let's read the chart.
We can see prices moving below EMA10/50/100 and MA200 (black line).
Bear volume starting to increase as soon as prices moved below MA200.
The MACD moving below zero while curving down.
Weak RSI below 40.
Strong bearish candle on 2-Aug....
Possibility= 70%
Its look like reverse head and shoulders wait for confirmation.
Disclaimer: This information is for educational purposes only invest at your own risk !!
range which turned into bearish structure.
Reasons:
1. price 9588 was the main level for the bullish momentum which broke out to the downside. price basically flipped.
2. Everything looking good.
bitcoin holder ..long term is not painting any good but a boring consolidation, range bound movement .i dont see any scenario of bitcoin crossing 10k in this year . any bounce greater then $1500 is a shorting opportunity .
HTF showing support on RSI & price action , stochrsi , bottomed out , ripe for a bounce . positional call for 2-3 months , expecting bounce to $17000 .
