Price has broken previous high & moving upside strongly. Expecting a +10% movement.
The TD Sequential for Bitcoin on the monthly timeframe is showing additional room for growth. The RSI is extremely strong. I got it wrong every single time on the bearish perspective, so I want your honest input on this one... How far up can Bitcoin really go? This is not a rhetorical question, I truly want to know your opinion as to how high Bitcoin can...
BTCUSD 4H is now showing strong bearish divergence with the MACD, RSI, and STOCH. A drop can potentially take place here. Watch out for a close below $15400-$1550 on this timeframe as well as EMA50 as support. Additional info on the chart. Namaste.
if bitcoin broke final frontier of 16200 -- chances of which are now more then 65% ...it will go parabola ... hope on the rocket ship.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (15183.9). 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 support....
As per my chart, the price is leaving the Median line and moving sideways leaving one channel after another. So, I don't see any strong indications where a buy could be considered on the long term time-frame. The blue wave on my chart still suggests bullish mood, but no up slope exists at present. So on BTCUSD, I shall only seek opportunities on the shorter...
Its going to be a bullish breakout ... the chart has marked..
As per the crucial fib level we are already trading above the golden pocket in the monthly candle, but what's worrying is the srsi is trading in an over bought area which is a clearing indications that market may make a passive high this month but either in Dec or Jan market will start falling
Bitcoin continues aiming higher on the weekly timeframe... Let's start by looking at the trading volume today. We always look for volume as a confirmation signal for any bullish/bearish move that is taking place. We've been seeing low volume for Bitcoin yet we didn't take it as a bearish signal. I mentioned that low volume when we have such strong bullish action...