The rounded top formation on BTC/USDT 4hr chart is showing the potential end of a previous uptrend.
- Showing that it has already reached the maximum price. (01 Feb.)
- And that the possibilities are now in favour of a downward price movement. (02 Feb.)
In technical analysis , the rounded top is a negative chart pattern . When a chart develops a top,...
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...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (59488.35).
. 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...
You can go short on BTC/USDT if it breaks the red line strongly and can achieve the targets (1 or 2) accordingly to your risk to reward ratio. OR you can plan to go long if the price the upper trend line (Green).
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (48086.72).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSDT 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...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (50100).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSDT 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...
A descending triangle with an over valued price is a deadly combo. Short your stocks would be the ideal move right now and book profits. Fresh entry can be made only when it bounces off 799 levels. The momentum is fading and the volumes are also declining.
It is having an uncanny resemblance with BTC USDT chart doing a saw tooth pattern.
Risk-o-meter...
Trading suggestion:
. There is a possibility of temporary retracement to the suggested support line (51946.00).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BTCUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (30500.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Bitcoin/TetherUS BTCUSDT is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a...
