LTCUSDT has been accumulating over the past days and has not had the similar boost we have seen in other alt coins. Considering the fundamentals of the cryptocurrency are strong this only makes me think that we have some sort of accumulation of buying occurring currently and that the breakout of this accumulation will bring great results for the buyers. Here is a...
ANALYSIS 🔎
- BTCUSD brokeout above the falling wedge's (FW) resistance from my previous analysis.
- Price action is printing an ascending triangle pattern (AT).
- An ascending triangle pattern is a bullish build up pattern, but this is bitcoin 😂.
- We could see an breakout or a breakdown.
POSSIBLE PRICE ACTIONS ENTRIES
- Uptrend : breakout above the ascending...
Last week our BTC chart broke our entry for the buy and hit TP1 before reversing and hovering just below our entry, previous chart is still in play for both however I have updated these lines for the new week given the current daily candles.
I will only enter these zones if they cleanly brake at least 20 pips and close. This is due to wicking that can occur once...
Bitcoin is looking good! We are again looking for the Range High and am curious to see if we are going to look for liquidity and end up back in the range. It would be a nice option to give the alts some additional room. On the other hand, I personally think we have ranged enough and are ready for a new ATH
Hello to you all. Mars Signals team wishes you high profits at all times.
As you can see in the chart, the price has formed a support and a resistance line. Right now it is getting close to its resistance as shown by the red line. This is a good place to short it because the price will bounce back to its support line at the bottom.
Warning: This is just a...
Hello traders,
It is quite hard (at least from my perspective) to tell where bitcoin is going in short term. It seems that is short term bullish, but overall I tend to lean towards neutrality. I mean it might hover up and down for some time in the range of 46k to 52k. We should see and wait if any significant resistances or supports are broken, but for now it...
I Think BTC is in a C wave of a corrective wave with a target around 37150 $.
The first corrective wave consisted of a 5 subwaves. then the B wave had 3 subwaves , and now its in the start of the 3rd wave of a 5 wave C wave , which its drop will be sharp again.
the stop for this sell will be in case that price goes above B of 52000 again.
current price is...
Bitcoin may still be looking at the trendline for its support
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Trading suggestion:
There is a possibility of temporary retracement to the suggested support line (48280. 40 ).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Hello to you all. Mars Signals team wishes you high profits at all times.
As you can see in the chart, the price is forming a head-and-shoulder pattern. We need to wait to see if the price will be able to break the line so that our scenario will be formed completely.
Yet, there is still the chance that the price will break the upper green line and go up.
However,...
