XBTUSD (Bitcoin) is now looking full bearish with multiple bearish signals in the making... Let's take a look at those:
First we have a break of EMA10 and EMA50 as support. Prices are now trading below this level switching our potential from bullish to bearish.
Bearish cross between EMA10 and EMA50.
Bearish RSI, trending lower.
Monday's can be...
I am expecting AMD Set up here
AMD : Accumulation, Manipulation Distribution, I would like to see one more wick or small consolidation above $8800 up to $8950 - $9000 max and a Quick Drop to $8200 levels, A drop after turning market Bullish (Manipulation).
Telegram DM : @wowitstony
As many analysis-ts and chartists have already drawn downward wedge which has give breakout . Breakout which occurred at 8100 and took the price near 9200 from where a correction is seen till 8225. A beautiful cup with handle has formed in daily which can give breakout above 8950 and target for longs to be 10200 . In this correction or i would say profit booking...
As price is falling from after touching the major resistance near 9200 ...... bears have taken over the charge from the bulls to bring the price near major support zone of 8150 ..... As it seems in 240 mins (4 hrs chart) a falling wedge seems to appear which seems to take btc price to 8650 .
A long can be initiated between 8200 to 8300 for target of 8490 & 8650...
We are looking at bearish divergence on both the MACD and RSI, while Bitcoin (XBTUSD) moved down and close below EMA10.
Bitcoin peaked and is retracing now. We can see that EMA50 ($8594) is working as support.
If this level breaks, we are likely to see Bitcoin move lower and hit the $8276 - $8128 price range.
We have both indicators trending down as well as a...
We have been tracking Bitcoin (XBTUSD) closely basically on all timeframes and considering multiple scenarios... Here we are looking at it again short-term, 4H (4 hours) per candle.
We put our focus on MA200 (black line) because it is a strong indicator for Bitcoin on this time frame. You can see all of the details about it here:...
Inverted head & shoulder. A long can initiated near 7350 with a Stoploss of 7050 (strong support zone and hammer formed in daily). Price going above 7680 and sustaining would bring more bulls to create move towards 8200(200 ema daily) and further to 8800 .
Seller be cautious . Selling can be initiated near 7600 levels with strict stop loss of 7843 .
$BTC 3D Hash ribbons
1-Buy Signal 2016 August after end bear market and consolidation after a sharp move
2- Buy Signal 18th Dec start a bull Market
3- Buy Signal 12th Dec end of bear market consolidation after a sharp move
weekly still pending
Here we are looking at Bitcoin (XBTUSD) on the 4H timeframe and we see the possibility of a continuation of the last bullish move.
Right now XBTUSD is trading above EMA100, which is the purple line you see on the chart... Depending o how this level is handled, we will know Bitcoin's next move.
Above this level, Bitcoin can easily move higher.
If prices for...