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 $13764 becomes the 'LAST...
Bitcoin - Intraday
We look to Sell a break of 11227 (stop at 11336)
Previous resistance, now becomes support at 11300. 50-hour EMA is at 11360. A break of yesterdays low would confirm bearish momentum. Short term bias is mildly bearish. We look for a temporary move lower. The bias is to break to the downside.
Our profit targets will be 10948 and 10852...
Bitcoin (BTCUSD) found support just above MA200 and is now breaking all resistance while moving up.
In one single candle, we are seeing prices move above EMA10, EMA50, EMA100, EMA200, and EMA300...
Opening the doors to additional growth.
BTCUSD GREEN Chart Signals
Strong bullish/green candle.
Hey collegues! Good opportunity for SHORT! In my opinion BTC price growing is fake.
Situation with world economies very tough. I think we will have a very deep price going down.
False break up of 13000 we have now. In first stage price will go lower than 12000, will get back with false break up of 12000 and will go down. First target is 9800-9600, second target...
BTC successfully break the pattern and the next target is immense. It break with a target of 27000$
If BTC break 13800$ successfully with good volume a new All time high can be seen very soon
the parabolic run will be huge this time
A way bigger then 2017 rally
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 .
In the Five-Wave pattern, 3 of the waves are in the Directional Movement they are 1,3 and 5.
The remaining 2 waves are Countertrend interruption they are 2 and 4.
Waves 2 and 4 are necessary for the directional movement to happen.
3 Rules of Wave Pattern
>Wave 2 can never overlap wave 1
>Wave 3 can never be the shortest
>Wave 4 never enters the wave 1