$BTC #BTC $16,383 support held during the weekend, currently on $16,526 support. $16,750 resisting as of now. Last 1D close with bullish engulfing, if followed thru $16,905 test possible.
$BTC #BTC broke $16,750 support exiting range $16,750-$16,905. Did not follow thru on Bullish engulfing on 1D from Dec 26, Last 1D closed following up on bearish engulfing from Dec 27 on 1D. Still testing $16,526 support, Watch $16,383 & $16,155 support areas.
The past week for BTC was of strong consolidation and diminishing volume. The price level constantly tested the resistance level at the 0.236 FIB level.
The RSI level has again formulated a rising channel pattern on the chart. However, the impact on the BTC price was minimal as compared to the rise in the RSI level
The MACD level is still attempting to cross...
Bitcoin is taking support at the small uptrend line.
There is no movement in market and BTC is trading at the resistance.
Let’s see if BTC able to break this resistance zone.
We may see a big move either side soon.
$BTC #Bitcoin $16,750 support remained in effect during the weekend and continues to, given range $16,750-$16,905 still maintained. Last 1D closed with bullish pin bar, possible bullish engulfing on 1D. Continue watching given S/R areas
Bitcoin is moving in 1% trading range from last 4 days. Nothing has changed for BTC and support/resistance level remains same. Use stop loss in all trades in case of any unexpected move.
Looks like traders are on holiday and enjoying Christmas Day with their family. You can also take some rest and spend time with family for better mental health.
Nothing much to explain about it , it just broke a triangle on weekly time frame and retested it too . I think we can have a rally to the downside from here . I am already short .
$BTC 1D closed with bullish engulfing as expected, but no sign of follow up from current 1D. Needs to breakout $17,097 to put follow through close today. As of now looking to test $16,750 support, $16,905 continues to resist, Requires to maintain current support to retest
Looking like further fall in Bitcoin we can earn well from it in this fall channel breakout and after that its completing its target of achieving previous low
The past week for the world’s largest cryptocurrency started on a positive note as the price level was able to break above $17.5K for the first time after November. Furthermore, the positive momentum led to a breakout above $18K but was unable to sustain for a longer duration. This could be justified on the 12-hour candlestick as the breakout represents a wick...
$BTC #BTC Given resistance range at $16,750-$16,905 in effect, resisted throughout the weekend. Last 1W closed very bearish as expected. Continue watching given support and resistance areas, must regain $17,301 to reattempt at $18,261.
After a long bearish phase the gold has entered in a nearby old institutional buying area and again smart money has started building there positions.
there is high chances that it will retest the ''smart money'' area and then we may see again a mid-term bull run in gold.
NOTE- Watch My Previous Article if you want to know about Previous TP & SL in BTC Perpetuals
Let's move further and analyse the current chart ,so as u guys can see i have plotted some key levels as mentioned below ...
A trendline which is acting as resistance ATM
A sideways Channel that indicates sideways move on the chart
Our Last TP as mentioned in...
