We have been tracking Bitcoin (XBTUSD) closely basically on all timeframes and considering multiple scenarios... Here we are looking at it again short-term, 4H (4 hours) per candle.
We put our focus on MA200 (black line) because it is a strong indicator for Bitcoin on this time frame. You can see all of the details about it here:
Now, this level has been...
Inverted head & shoulder. A long can initiated near 7350 with a Stoploss of 7050 (strong support zone and hammer formed in daily). Price going above 7680 and sustaining would bring more bulls to create move towards 8200(200 ema daily) and further to 8800 .
Seller be cautious . Selling can be initiated near 7600 levels with strict stop loss of 7843 .
$BTC 3D Hash ribbons
1-Buy Signal 2016 August after end bear market and consolidation after a sharp move
2- Buy Signal 18th Dec start a bull Market
3- Buy Signal 12th Dec end of bear market consolidation after a sharp move
weekly still pending
Bitcoin (BTCUSD) had a bullish close on the weekly timeframe.
Last week's candles closed as a "Hammer", which is a bullish candlestick.
"The Hammer candlestick formation is viewed as a bullish reversal candlestick pattern that mainly occurs at the bottom of downtrends.
"The Hammer formation is created when the open, high, and close are roughly the same price....
Here we are looking at Bitcoin (XBTUSD) on the 4H timeframe and we see the possibility of a continuation of the last bullish move.
Right now XBTUSD is trading above EMA100, which is the purple line you see on the chart... Depending o how this level is handled, we will know Bitcoin's next move.
Above this level, Bitcoin can easily move higher.
If prices for...
Bitcoin (BTCUSD) printed a massively bullish candle on the 18th of December, you can see it marked with a blue circle on this chart.
This candlestick printed high volume and managed to break above multiple resistance levels.
Many people are saying that Bitcoin will now go lower, and this is surely possible, but they are ignoring this signal.
Right now, on this...
Wishing you a great weekend ahead... Bitcoin (BTCUSD) is looking ready to continue growing.
Please allow me a minute to share this update with you... Thanks a lot for your continued support.
Bitcoin (4H) Chart Analysis
EMA10 was broken (blue circle), switching Bitcoin's potential from bearish to bullish.
After this resistance was broken with good...
Price rejected the 800 ema today and had some problems to stay bellow the 50 ema
TDI giving us the ok to go long
No divergence (remember divergence = change, no always a reversal of the trend) is this case there's none
So if we keep seeing the price on top of the 800 and 50 EMAs, we can for sure expect some bullish move at least @ 7450.00 witch is yesterdays...
bullish divergence on all time frames ... have to see if this time it breaks 7600 decisively ... we can see $10000 . good times for $btc it must be --- hopium
Bitcoin has been consolidating downwards for the past three weeks while holding the low from the 25th of November. Today, a new low was hit at $6425 with a 4H candlestick now starting to show increasing volume and bouncing back up, is the low in?
Here is the 4H chart:
On the daily (D) timeframe, which is the main chart above, strong bullish divergence is...
