Entry, Exit, Stop Loss Level mention in chart.
Bitcoin is coiling in a 1-2, 1-2 preparing for an explosive wave 3 of 3. If the uptrend breaks we are looking at a rally like no other.
OLD resistance still working strongly, check vol, rsi is higher too, correction can come
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 .
BTCUSD may have a small retracement and then go up ahead upto 12108. Enter : 11600 Target : 12108 Stop loss : 11455
BTCUSD Plan for this week - BTCUSD Careful of 12k resistance
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...
Im waiting for a move it's going to be a period of distribution in my opinion