BTCUSD trade ideas

avinash786 Updated 

what do you Think guys Bitcoin Break The Major Support Of 5.9k $ ? If Brakout Then Next Support Is Our Hope

ManishArora

If the wedge is broken, good entry point for long would be 6010-6030, i believe it will hold and give a good scalp opeetunity SL is 5980, then i will be looking for short opportunities as this will go to 5500. 6400-6450 is good resistance breaking that will mean that we would be validating the falling wedge scenerio on daily (chart posted earlier) and i will be...

ManishArora

Could this be a relief rally we are waiting for ? It has potential to go to at least 7550-7800 I would be in buy mode after the break of 6600

avinash786

Hello Friends I am new In Analysis and Keep Learning And Today im confused In This Chart Can anyone tell me This IS Downtrend Line Or Not? I Think Bullish divergence Is Right But Not Sure about Trend Line Please give me your valuable time to explain me Thank you

jatinkkalra

i think a small bull run is very near

NextMW

BTCUSD 60:- Looks like clear bull flag, no?

BishaMark Updated 

We may see a drop to below $ 6000 in the coming days. A minor correction may follow, and we will see another drop as we see a negative triangle forming and the price is now in a resistance zone

rvhydrn Updated 

as the bear flag played out, these are the next levels to look out for.

capamit2

IF BTC bounce from 5k8 or 4k8 then we will reverse for new Bull run as last hope? otherwise we will go down for EOY

Amit_Ghosh Updated 

As shown in charts.

ManishArora

We have invalidated wave 4 and 3 and we are targeting wave 2. targets bounce area is green box (3000-4000) by EOY Grey line would offer some temporary bounce to add more to the shorts

SenKaizens

Same channel Repeating now as i said in my last post bitcoin fallen near to 6000 support testing also high chance of bounce again 6300 6600 6800 waiting for confirmation in TA

SenKaizens

Same Channel Repeating bitcoin Tesitng 6000$ support as i said in my last post about this condition there is bounce chance are higher near to 6300 6600 6800$

SenKaizens

Logicaly bitcoin in side ways from last one week but now suddenly 300$ dumped in few hours a go,Bitcoin is testing now new support level chance to go again 6800$ otherwise the testing is fail then we can see small more deep near to 6000$ in bitcoin

ManishArora

Rising wedge has ended like it should,We had our shorts filled from 6800 and above. Its Now resting on support line. We may expect a bounce soon. I would be shorting the bounce.

Rennzzz Updated 

Levels marked on chart. I just entered in a hurry but will explain the reasons I took this in the comments

ManishArora

We are in a rising wedge which is a bearish pattern. it should break downward by 6900. But Still i feel it may go up to 7200 due tether news and other bullish bs, I have Some Sells set in green zone as well. it is a heavy resistance area with loads of longs trapped waiting get a break even.

CryptoBeri_CryptoMillennials

A Larger correction then we thought is going on, expecting it to end near 5k zone.