Good Sunday my fellow profitable cryptocurrency trader, supporter, reader, and to all those living and looking into Bitcoin right now... I am wishing you the best.
Let's have a look at the weekly chart, we have something really good going on right now.
The last time we looked at this chart we had the late June 2019 price peak, for BTCUSD, as the next...
Bitcoin (BTCUSD) fully detached from the S&P 500 Index (SPX) and now continues bullish towards $20,000+.
Here is the weekly chart:
Looking at the daily timeframe, which is the main chart above, we can clearly see Bitcoin trading above all major EMAs.
EMA50 was conquered 8-Oct. and now prices are safely trading above the EMA10 green line.
This is a very...
It seems that we will see a wave like the last head and shoulders in daily chart. just with a level upper in trend line.
NOT A FINANCIAL ADVICE ITS A SKETCH UP FOR MY SELF.
13K should hold to get into new highs, If it breaks previous day lows and 13k we can easily get 12 k levels .Get ready for short in case if break 13k .we might touch below channel line in case we can not hold here.
Bitcoin (BTCUSD) just printed the first bearish signal/pattern since breaking above $11500, once our strongest barrier.
With this bearish signal now in, marked on the chart, additional bearish action can follow.
This is just a friendly reminder.
BTCUSD Chart Analysis/Signals
After a strong bearish candle, BTCUSD closed below EMA10 and the indicators are...
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...
Today we are officially looking at a higher high for Bitcoin (BTCUSD) compared to last month's prices and we also get the highest level we've been since July 2019...
This changes everything.
Now, $13880 is the next barrier when we look at the weekly timeframe and where prices are headed...
Above $13880, there isn't much resistance.
If BTCUSD can break above...
For many months my friends we saw the SPX and BTC charts being correlated...
We saw Bitcoin mimic the SPX and vice versa, both moving in the same direction at the same time.
Now, things are starting to change.
The charts for the SPX and BTC are now completely different and both showing different potential.
The SPX for example is looking at a bearish MACD...
Bitcoin (BTCUSD) is now facing resistance at $12490, which is the last peak hit back 17-Aug.
If this level is conquered, meaning that BTCUSD moves and closes above it, we will see $14,493 as the next target.
But, if instead this level can't be conquered, we will continue to see additional consolidation.
Breaking above this current resistance also opens the door...
bitcoin is at edge of peak , most probable direction is deflection ... if go by the trend line & back test it ... slanting red line would act as strong resistance , break of which can bring god rally ..whereas it holds lesser chances ... while green line would act as support line . Rsi is also going to give swing top failure if it bends from tomorrow .
We are doing Analysis of BTC/USDT on Daily Timeframe .
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Anish kumar
btc direnç noktasını azda olsa hacimli kırması bir sonraki direnç noktası olan 12 binler test etmesine neden olabilecek mi ? bekleyelim görelim yatırım tavsiyesi değildir.
We are doing Analysis of BTC/USDT on multiple Timeframe .
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Anish kumar
