BTCUSD (Bitcoin) dropped too fast... This is actually good news.
With such strong on the drop, we can easily expect prices to recover.
We can see a big green candle now moving back above EMA10.
The next candle is likely to hit all the way up to EMA50 or MA200, marked on the chart.
As Bitcoin bounces and goes up...
The same will altcoins with the altcoins,...
After the impulsive 3rd wave formation, Bitcoin went into a triangular wave correction which can be considered as already completed. No we can see the bitcoin to reach to a new high as a final thrust of the current impulsive sequence.
Greetings Traders,
Earlier TEN-KIJ crossed at the rate of 7313.08.
It is now traveling upwards to a new high of the price which is 17,999.
BTC opened at 16,658.
I am predicting that BTC will fall down in the future.
Future Resistance will act as a Support Level.
As per the crucial fib level we are already trading above the golden pocket in the monthly candle, but what's worrying is the srsi is trading in an over bought area which is a clearing indications that market may make a passive high this month but either in Dec or Jan market will start falling
TSL Levels are marked. I will trail the short setup if triggers. Long I will scalp and get out as per plan posted.
As per the charts.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't...
When we look at the monthly Bitcoin (BTCUSD) chart, it is now clear that all the local resistance levels have been taken out...
The next barrier is now found at $19666+ or Bitcoin's All-Time High (ATH).
Bitcoin Aims At A New All-Time High
Bitcoin continues hitting its highest level since January 2018, with prices literally aiming higher.
This chart is very...
Here we are looking at the 4H timeframe as promised, this chart moves faster than the daily and we can have a closer look as to what is really happening right now.
We have a move and close below EMA10 and EMA21 on this timeframe.
The RSI hit below 50, which is the bearish zone just to move back up...
Prices remain trading above EMA50 which is a bullish...
Bitcoin (BTCUSD) has been facing resistance around the $14,000 price level... If this level isn't conquered fast Bitcoin's prices can drop.
Here we have a higher high on BTCUSD, yet we have a lower high on the RSI, marking bearish divergence.
The MACD looks like it peaked and it is starting to trend lower:
NOTE: The technicals are still bullish, prices trading...
TSL Levels are marked. I will trail the short setup if triggers. Long I will scalp and get out as per plan posted.
As per the charts.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't...
![BTCUSDT: [Crypto] BTCUSDT Channel Trade](https://s3.tradingview.com/w/wGrvC9sz_mid.png "[Crypto] BTCUSDT Channel Trade")
![BTCUSDT: [Crypto] BTCUSDT Inside Bar Trade](https://s3.tradingview.com/l/LYv8NLh4_mid.png "[Crypto] BTCUSDT Inside Bar Trade")
