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??
1st lag- hike from $1000 to $3000 mark followed by 50% retracement as shown in chart. retraced level $1900 2nd lag- from $1900 to $4900 which was again followed by 50% retracement. retraced level $3100 current lag from $4900 to $6590 but their is a negative convergence(see chart) which i believe can be the start of the corrective phase in coming days.
disclaimer: viewers are advised to trade at their on risk. . Positional trade steup Btcusd formed a nice CUP & HANDLE pattern on hourly time frame. breakout was confirmed with increase in volume & surpassing crucial pivot line. buy @ 5810 - 5860 target 1 = 5999 target 2 = 6181 target 3 = 6419 sl= 5680
COINBASE:BTCUSD AB=CD pattern is almost done in BTC/USD in daily candles. $6300 area is where "D" wave ends. But BTC may see 1.618% extension of Fibo i.e near 6800+. Satying neutral here & just watching price action @ these levels. Next immediate resistance is 8000 (2.0 of Fibo ext).
BTCUSD is set to test 6000-6100 $ , if reverses from demand Zone
Short Bitcoin below 4320 T1: 4260 T2: 4225 T3: 4150 SL: 4360
Shrort BITCOIN at CMP(4300) T1: 4100 T2: 3820 T3: 3700 SL: 4410
BITFINEX:BTCUSD is a buy for Target of 4620
Short bitcoin upon the neckline break, i.e, below $4260 T1: $4220 T2: $4195 T3: $4160 SL: $4287
BTCUSD is heading to test its previous highs OF 4900 -5000 $.
As RSI made base for btc/usd..may be it will give buy trigger signal in between week above swing high...