Hello everybody. Retail is labeling Bitcoin(BTC) as an inverse head and shoulders right now. Please do not be fooled by these gurus that are not knowledgeable in this craft. An inverse head and shoulders is simply a break and retest of your break on your HTF not some magical pattern that makes you money. That being said it is possible this "pattern" fulfills due...
Finally bitcoin successfully closed above $3600 on weekly if it not sustain there then it might test short term support at $3400 $3200 and even $3000 , once break $3000 then can hit $2500 to $2700 by jan 2019, But good news is it is trying to break resistance at $3800 once it breaks then it can test $4100 and above in short time
Bitcoin forming head and shoulder and almost 15 to 25% chances it will come down to $4k or $3800 and might face some resistance at $4500
If we consider 4 hrs chart since the massive fall, and see the downwards trend then three things can happen, 1 Whales might dump it to $3000 arrow one 2 If downwards trend continues like this for a longer period then might be $2000 or $1500 will be possible but possibilities of this is very very less as $3500 then $3000 is a strong and sociological support . 3...
In this we tried to find out Bitcoin double bottom and what will be the major resistance & support and what will be the point of trend reversal.
Bitcoin moves in triangle and about to chose it direction. Now its time to decide: which way you will go? To whale or to shark? Breakout of 6000 and 5800 will bring us to whale level. Breakout of triangle in 7000+ and 7400+ will bring us to sharks. Don't be like a plankton, keep it simple: play smart, use capital management and trading plan, keep away...
Hello, dear friends! Bitcoin shows heavy resistance at 6600 and 6800 . On other hand we have higher lows, with demand/support zone at 6200. On the left screen 1h chart, price stays above MA200 - which is bullish signal for us, lets take a look at history: July April February November September and many others times... But when it comes to ...
Bitcoin looks interesting, will it break the (E) zone?
Hello, dear followers, as we can see price found support at 6890 level which located at the top of Accumulation Support Levels *6800-6340*. The Support level at 6890 is also come with MA50 Daily support: So for Plan A we should use this level as Stop Loss for Long Entry. Targets are above 7280 and maybe with optimistic 7460. Plan B will be activated as if...
Hello! #Bitcoin shows bullish setup, but... There is 2 Bearish things : 1> RSI and Stoch RSI are overbought * We should not blindly follow only indicators, so lets see what else we've got for Bitcoin today 2> 7800 Resistance this resistance is important since 2017 from previous bullish rally, as we remember from this level price felt to 5500 in 5days So...
Hello! Multi timeframe analysis is there. Recently we meet Local resistance at $6514 (red horizontal line) Which is bottom of Descending Triangle (Red on 2D chart at left). Now it need to break $6514, to move on higher resistance $735 2, which will be hard for bulls IMO. If bulls will fail breaking this resistance, we will probably see reloaded bears for...