I'm just attempting to see where the BTCUSD may head next. So far, I have been able to deduce these scenarios where BTC might drop, reason being availability of both Hidden Divergence and Trump VS Biden uproar. Only one scenario is valid for BTCUSD pump and that is just a small possibility. However, the Support and Resistance levels at these Fib levels are way...
When we look at the monthly Bitcoin (BTCUSD) chart, it is now clear that all the local resistance levels have been taken out...
The next barrier is now found at $19666+ or Bitcoin's All-Time High (ATH).
Bitcoin Aims At A New All-Time High
Bitcoin continues hitting its highest level since January 2018, with prices literally aiming higher.
This chart is very...
Here we are looking at the 4H timeframe as promised, this chart moves faster than the daily and we can have a closer look as to what is really happening right now.
We have a move and close below EMA10 and EMA21 on this timeframe.
The RSI hit below 50, which is the bearish zone just to move back up...
Prices remain trading above EMA50 which is a bullish...
Bitcoin (BTCUSD) has been facing resistance around the $14,000 price level... If this level isn't conquered fast Bitcoin's prices can drop.
Here we have a higher high on BTCUSD, yet we have a lower high on the RSI, marking bearish divergence.
The MACD looks like it peaked and it is starting to trend lower:
NOTE: The technicals are still bullish, prices trading...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (13601.0).
. 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 above the 21-Day WEMA which acts as a dynamic...
BTC/USD has completed the bearish crab pattern. As per the rules of the crab pattern, the trend of BTC/USD started to fall because it's a bearish crab. But it's suggested to sell near the D point. It will fall up to the targets 12972.35 - 12087.10 - 11465.31 . But as it's crab pattern, there is a possibility of a pullback. If it starts to rise, DO NOT SELL .
