We are of the same view here with Bitcoin (XBTUSD) printing a lower high and now closing below EMA10... Prices can drop lower.
The immediate support is sitting at $9333 or EMA50, this is the next level to look at if Bitcoin moves lower.
Followed by $9174 or MA200.
Additional support levels are marked with blue dashed lines.
The immediate resistance is now at...
BTCUSD as formed double top and triangle pattern on daily chart and small triangle in 1hr chart. It as broken triangle pattern in 1hr chart and expecting upmove for short term. Please zoom if you if the 1hr triangle is invisible .
Bitcoin facing huge selling pressure around 9600 levels...
It may pull back a bit till 9550 levels and go down breaking the red trendlines...
If the 9500 and 9350 levels are broken, it will again resume the downtrend...
Watch out this levels...
And if Bitcoin breaks 9750 levels successfully on the upside, the next leg of bullrun will start and may break previous...
I hope you can now see how the BTCUSD represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no...
We looked at Bitcoin (BTCUSD) on the daily timeframe on a longer-term perspective, our followers started to wonder what would happen in the short-term...
Bitcoin 4H, Here We Are!
We have Bitcoin (XBTUSD) moving higher.
The price is trading within a rising wedge and this looks like a bounce.
The blue area marked above the current price stands for "strong...
What similarities can you notice when looking at the Bitcoin Peaks?
Can you see it?
I am a Bitcoin and cryptocurrency bull, permabull as many would say...
But, here we have this chart, Bitcoin ( BTCUSD ) and even though so many people are bullish, I am still not convinced.
Not based on my imagination, but based on this chart and what I can see...
Here is...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (8953.78). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
As 8963-70 is a big resistance in 15 minutes chart, and First good support level is 8800, so we can take benefit of both side trade and can make profit… you guys can short from 8965 or near point and can exit near 8800-8830. Stop loss- 9030.
on the other hand can go long from 8800- 8770 from near by First support I.e. 8762-8770 and can exit around 8940 to 9030....
Bitcoin (BTCUSD) peaked at $10,074 on the 7-May and prices are now trading near the $9000-$9300 price range.
Bitcoin is no longer trading near resistance, now it is going towards support.
I saw some signals out of the charts and technicals that are really strong and pointing to a drop.
Mondays can be bloody for Bitcoin so please be cautious.
The potential...
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Technical analysis continues to demonstrate and prove the power and need of having it to be considered as a foundational base for trading in the real markets , all which has now been embedded into the "Auto Signal Setup" indicator...
Starting a few weeks back we are seeing strong bullish action coming from the small-cap. altcoins on all major exchanges.
We saw really strong action taking place first on KuCoin, then Bittrex and Binance are also showing some pretty strong numbers for many pairs.
Yesterday we saw THETABTC go beyond the norm, while SOLVEBTC did the same.
Today we also have many...
