It appears as if BTC is getting traded in an ascending parallel channel and currently it's around the middle of the channel. The price of the pair is hovering around Fib level 1 and the volumes are gradually decreasing. MACD is +ve and the divergence is too high. RSI is hovering around 83. Way to high in my opinion. With all the above observations I'd expect to...
BTC / USD Previous MACD crossover has produced 36% return. MACD crossover has happened now. Expected level around $15000.
BTC - Charts reveal a retest of $ 11,000. 1 hour chart 1) Reverse Head & Shoulders pattern formation. 2) Price well supported by 200 period ema. Has crossed past 30 period ema.
Bitcoin pitchfork We could see Bitcoin bounce from resistance at +0.618 line in the upper half of the pitchfork
Intersection of R and channel line. Detailed text in the chart.
evening star is one of the powerfull japenese charting techinque . 1st day ndcale green 2nd day star + DOJI which shows buying pressure is reducing and 3rd day red candel penetrating in 1st candel showing selling pressure is taking over the buying pressure. levels shown in chart
Sell BTC on parabloic breakdown,CMP 7200 Target 4500, SL 7800
Bitcoin(6398): As suggested in previous post negative divergence visible. Closed @ Rising wedge support Going forward Immediate support @ 6300, break below with volume will witness further profit booking upto 6000-6100 levels. Till 6600-6850 is not crossed lower levels of 6000-5600 is likely to come.... In case 6300 holds bounce will be upto 6600-6850...
0.618 is an important level. It found support at this level last time before it began the upswing. Will it find support here this time?
I am not looking at trading out at the moment, but looking to see if it'd hit the resistance between 7952 and 8075?
If BTC climbs over $7300 - new bull run up. We need to look at volume.Big green candle looks bullish though.
Break below 6900 will open for further profit booking upto 6500-6600 where buyers will try to take control with rising wedge resistance turning to support now, also 23.6% retracement of 2970 to 7600 coming around 6500
Honours 150 EMA support & jumps about 80% from there...next impulse could take BitCoin towards $ 8000 by end of 2017.
BTCUSD Inverse ascending hns setup breakdown or breakout??