Bitcoin is now sitting at a huge pivot point, which is the base of the descending triangle we capitulated from. We have a daily, 2-day, 3-day, 4-day and weekly candle close at 5 pm PST today - so this is a major inflection point and very important close today. If we can close above the 9400-9450 area I'd say we are looking really good. If not, I wouldn't say it's...
TOO MANY COINCIDENCES when we apply GANN theory on btc ATH and last bull market. Wee can see a clear rejection to a new bull market. We are still on the way to 6k or 5k if the price do not consolidate and make a real accumulation RIGHT NOW on 9k level ABOVE 0.5 fib reclaimed on last 2 days pump. ABOVE 0.5 FIB!!! If this do not happens we will see some...
The price is below the HERMES SUPPORT, that means the prices will reverse in short period. You can check the previous BUY signal, how strong it was!!
#btc # 1d #bitstamp 30% plus upward movement. This is a historic moment. It is not clear to the end what such a pump is connected with, or the situation with Tezer and Bitfinex, or maybe the signed agreement of China on the implementation of the blockchain. While it is better to stand aside, if you do not know what to do, than to create incredible things. I...
please check out previous chart to see all BTC moves ;)
Today’s rise is really remarkable 35% in one day. WOW BTC still the best performing asset in the history of human kind. We have been consolidating for 31 days without any clear direction, what happened next was a retest of bear power who tried to bring the price down and failed. Remember, trading is a constant war between the two sides (bears and bulls) and...
What goes up must come down.
After a wild bull run BTC is now forming a rising wedge in 15 Min TF which indicates a fall soon. This is supported by falling RSI and OBV as well as bearish divergence displayed by oscillators. We can expect some retracement to Fib Levels of 0.62.
Hello, Traders! Monfex is at your service and today we overview BTC/USD. Bitcoin unexpectedly grew 15% + and thereby formed a bearish divergence on the chart and met with resistance ~$8800 . Wait some rebound and consolidation at the level of $ 8100-8300 , which is the immediate goal. This is not very similar to a reversal formation, rather intimidation of...
Look at ETHUSD and LTCUSD and you will see everything. Same actions.
Hi Guys, this really looks like a bearish patter which is made even stronger by the fakeout had in the previous days. If you are bullish, make sure you have your stop loss in place in case needed. If you are bearish, set your order below support, and if you have short position already open, make sure you set your stop loss. The title of this post is bearish, but...
if you have your market view, please share it in comments Also you can ask me questions... Have a great day everyone!
BTCUSD bounced off 7470.5 where it could potentially rise further to 8703.0. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Even though it seems like BTC is creating sort of support - I prefer short positioning. Pattern looks good, exact TP level was previously resistance ( you`ll have to scroll back ). Trade with what you can afford to lose. Cheers
Head and shoulders on Daly chart so on my opinion Bye Bitcoin. Add us on our telegram: t.me/middleEastWhales
Hello, Over the last few days Bitcoin has been traded with extremely low volume. We can see that Bitcoin violated support level of $7520 and has since been traded below that level, also oscillators are showing anomalies against price i.e. bearish divergences. We can expect a burst in price and trading activity when Bollinger Bands come close to contracting or do...