The charts shows two paths for BTC. From here it can follow the either one.
RED one is distribution schematic.
GREEN one is re-accumulation schematic.
Personally I'm leaning towards distribution schematic but if I see some strength around 9100, I'll switch bullish.
Any Price weakness around 10100 will trigger shorts.
Play patiently!
seems we have stabilized a new longterm trendline which need to be retested and also place for potential right shoulder of inverse H&S pattern seems we may land around 6k again ....
Is Bitcoin (XBTUSD) moving back up?
Looking at the chart above, short-term, we can see Bitcoin breaking and staying above each resistance level in the form of EMAs.
We can see prices testing the support level on a long-wick then moving back up while printing higher lows... This can be a short-term bounce for another try at $10,000 - $10,500+
We have a...
possible bitcoin price move scenario on both the direction from symmetrical triangle pattern most likely towards upside i feel, but still its impossible to predict bitcoin price to anyone.yet we need to be cautious i have given both the level support and resistant.pls like and share if you like my idea.....
We have the same chart for Bitcoin (BTCUSD) as we've been seeing before...
After yesterday's candle close our view remains the same.
The "strong resistance", marked orange on this chart, produced a strong rejection this time and is the level that needs to be conquered if Bitcoin is to go higher...
Below this level, the $10,000 / $10,500 price range, we...
probably the bitcoin will go down if it closes this week with a candle with this wick but if it forcefully breaks the resistance of the triangle and at the same time the resistance of the pitchfork it will probably go green at the top.
you knew bitcoin can do anything ..
t1=11226
fifth wave can not go above 10943.
wave fifth can achieve the target of 11226.
wave five can make after triangle .
fifth wave over into 10943 to 11226.
