Bitcoin (XBTUSD) continues to print weakness while many altcoins are printing strong charts vs Bitcoin... We are likely to drop.
On this chart we have the MACD going below zero while the RSI is now below 40, both looking bearish.
Prices managed to close below EMA10, EMA50, and EMA100.
We also have multiple lower highs...
Even on a bounce, strong resistance is...
june 24th BTCUSD Bybit Bitcoin Chart Analysis
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for june 24th .
This is a 30 minute chart created yesterday.
Without much movement, the sideway move finished.
At the bottom,
without leaving...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (9513.5). 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.
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Papa Bear is proving to be 'worth its weight' at present and it's almost ready for a name change. :)
BTC has been printing higher lows since hitting our long awaited target, and it fits a bullish scenario - as long as it continues to do so. It's next move is likely to be spectacular.
Let's have a look at the indicators for Bitcoin (BTCUSD) Weekly (W).
Here we have the RSI and STOCH on the same chart:
- The STOCH is showing lower highs and trending down.
- The RSI looks strong but is facing resistance right now after a lower high.
- Both indicators are showing good potential for going lower.
The MACD is also starting to show a curve:
With...
Will Bitcoin sideways continue?
We continue to see massive bullish action happening for the altcoins market (all altcoins minus TOP10).
The altcoins vs bitcoin pairs continue growing and many are printing strongly bullish charts.
The best scenario for the altcoins to continue growing is Bitcoin Sideways.
Bitcoin Sideways & The Altcoins Market
Bitcoin...
WEEKLY CHARTS R SAYING A LOT MORE , IF ONE CAN SEE , RSI is drawing the same pattern , as being developed in last peaks ...look at the
two circled "M" kind of peaks on RSI . .. looks like its make or break fro #bitcoin pretty soon , most probably next 1 or 2 week , STOCHrsi on weekly is already peaking out , if bitcoin starts downward journey here , we will have...
In my last trade idea for Bitcoin (XBTUSD), looking at the 4H timeframe, I gave you the direction where Bitcoin was headed next...
Now, I would like to share with you the next target (being a bit more specific).
Here are the support levels where Bitcoin can find resistance if prices continue to drop:
1) $9125
2) $8800
3) $8600
These are short-term...
BTCUSD
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Levels mentioned on chart...
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Comment your views....
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Thank you,
Vishwajeet Sharma
Price touched last weeks midrange (9539) and rejected, also deviated above monday range and now came back inside monday range, targeting last week low+ monday low
H1 close below 9377 will shift market structure to lower low and lower high
Ideal entry at orderblock low 9440, but price sometimes may not retrace fully there, so lower size entry will be at retest of...
Bitcoin (XBTUSD) is likely to continue lower here.
The initial move on the 11-June confirmed the drop, now we are seeing a follow up develop after a bounce.
Bear volume is moving higher and the indicators are starting to look weak.
Prices breaking below EMA50 and MA200 is also another strong bearish signal.
Prepare for lower prices.
Namaste.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (9322.8). 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 below the 21-Day WEMA which acts as a dynamic...
