True Support is the most accurate way of determining support & resistance levels. The method takes into account: • Volume • Consolidation zones • Length of consolidation • Frequency of consolidation in that zone • The % of the time that zone is respected This method works Over 95% of the time on the top 10 coins and has never failed on Bitcoin Use it with 1...
Hi friends , as per my previous chart trends are now about to get bullish soon and we are close to buyzone with one more dip. Pink Trend line which is also median trend line holds resistance level while red the original path for the BTC.
The market is showing us the symmetrical triangle pattern. This pattern can break either way and that's why it is important to pay attention on breakout. Don't try to buy too low because you might end up losing. That's why it is crucial to have proper breakout confirmation from the expanded volume for example. What we need to see also is that the 4 hour candle...
Hey Friends and Followers, BTC pushed into some crucial areas as the market looks on. Well Monday morning US really did provide us with a bit of a bump, and not in our preferred direction of up. We have seen sustained selling and are now below my support trendline and have had a daily close just below the line. This is very Bearish and would have me changing to...
Welcome followers and friends to a new opinion piece on BTC and what’s effecting its price. I hope you enjoy and get some great value form it. Market overviews are an important part of Technical Trading. So conventional currencies are based around Economic fundamentals. Things like Inflation and Growth drive them with Fundamental traders leading the way and...
BTC is going good but we may see a downfall with formation of another neckline and with low volume . Please like if you agreed with the chart. Regards
just a view in h4 of where is the price of Bitcoin and the 2 option. first for the 2 option i think a price to go at 11690-11720 option 1 he correct on my bleur up trendline touch and rebound for go more up around 12800 option 2 he touch my blue up t line but no rebound and correct more around 9300 so the blue trend line that i draw match with support and res...
BITSTAMP:BTCUSD Just some trend line play! considering safe play till oversold position!
BITSTAMP:BTCUSD a quick channel break!
There is divergence, but at the same time instinct says the downtrend breakout has happened from the triangle.. I guess since the hammer formation is happening, at 0.786 level, i guess, further down side is covered, and an uptrend to 0.618 levels can be monitored... Disclaimer.. not trading, just watching the situation unfold....
A small short, here, as there is bullish divergence in RSi.. short cover at 0.618 level
BITSTAMP:BTCUSD Downward channel breakout expected with rsi divergence... TAke profit adjusted at 0.886 fibo retracement level...
The Price is moving closer to Apex of The Falling Wedge Pattern. What tends to happen is that volume diminishes closer to the peak. Volume is an essential part to confirm breakout from The Falling Wedge Pattern. Without an expansion of volume, the breakout will lack reliance and be more vulnerable to fail. Stochastic RSI indicator is showing oversold position...
Whats up? Welcome to this consistent update analysis on Bitcoin based on our beautiful Fibonacci Retractment Levels. Looking at the 4hr chart we see a consistent Fibonacci Levels, you can see BTC appear to love 0.236 fib, 0.5 fib, 0.786 fib. Additional rules of trend line (pink, dotted red, dotted blue, dotted red) act as a Support and Resistance and will nullify...
1) First We should consider the trendline test. 2) Ichimoku cloud is bearish 3) Bearish flag breakout happened. Target according to its pole is around 4k. 4) Rsi moved below 50. 5) TTM Squeeze turned bearish. All strong bearish signs indicating the fifth wave to end at 4k region. Will take atleast month to reach there. Its not a financial advice. Do your own research.
This considering only bullish, not any hyper-bullish market moves.
Hello Traders! First of all, despite the bullish impulse, BTCUSD still has minimum 2 variants of possible priceaction. Maybe, correction phase, is not over.... Please, be care yourself, rapid decline not canceled and still in power. But present time with high caution Powerful Traders, will try to take Long position, after the retest of "bottom'' 10548.00 -...
Hey Traders, we're back with an update on BITCOIN as we've mentioned in our previous analysis than for short time of period we'll not be updating or BUYING BITCOIN as it's was in a Bearish Phase, Now that it has completed with III-Phases of Bearish swings and it's now ready to explode anytime soon, as per Fundamentals we have a clear check on them no negative or...