IMO BTC looks like it possibly has formed a double bottom or "W" shaped bottom, at least in the short term. BTC still has a lot of work to do if it is going to reverse the slide it has been in for over a month. To be honest, I can't say for sure that this is the bottom and from here BTC will only go higher. As I said, it may only be a short-term bottom just like...
Quick update on the BTCUSD markets for the short term. We can see that the market is clearly hitting against the ceiling at around 11600 – 12000. With the Bulls staying shy of the market we can see that the demand is dwindling and the CCI might switch over to Bear mode soon. On the short term I would advise caution to those speculating on the Bitcoin markets....
With the 50 and 100 hour MA giving support and the STOCHRSI and the macd showing a potential reversal on the one 1 hour? Not the best cup in handle, but just maybe. BINANCE:BTCUSDT
Im Still short on bitcoin. Looking for it to hit around $8700 with a possible break lower down to the $6000 range. Long term Bullish unless break below $5000 with a solid daily close. Explainer Youtube Video! HERE or copy and paste: youtu.be
In this chart I used the elliot wave pattern in conjuction with a bullish flag. I also overlayed the Fibonacci Retracement and it clearly indicated known areas of support and resistance both current and prior. What's your thoughts? Bullish or Bearish?
Chart shows that taking into consideration the bullish trend and drawing out parallel trend lines brings us to the conclusion that the next couple of hours will show us whether BTC will drop to possibly $8,000 or witness a bullish reversal and return to last week's position. BTC needs a reversal confirmation, be it a double bottom or inverted head & shoulders, to...
Trading suggestion: Price is in the support zone (9729.4 to 7950.0), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (9729.4) Ending of entry zone (7950.0) Take Profit: TP1= @10406.40 TP2= @11574.40 TP3= @13788.50 TP4= @15020.00 TP5= @16780.00 TP6= @Free Technical analysis:...
Trading suggestion: There is possibility of temporary retracement to suggested support zone (11300 to 9300), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Closed Profit: TP1= @5985.55 TP2= @6384.70 TP3= @6707.35 Open Profit: 1 trade is still open Technical analysis: .Price is below WEMA21,...
Trading suggestion: There is possibility of temporary retracement to suggested support zone (11339.85 to 9350.00), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Closed Profit: TP1= @6930.00 TP2= @7450.20 TP3= @7773.55 Open Profit: 1 trade is still open Technical analysis: .Price is below...
Strong resistance created on Bitcoin weekly chart with two bearish engulfing patterns, room for price to drop to weekly demand around 7377. Longs at weekly demand imbalance or new daily demand levels.
BTC is slowly but surely consolidating up. I believe the BTC is as low as it will be... We can see the formation of a W and there is a reversal Bullish divergence on the indicator. CCI indicates there are more Buyers than Sellers. ... YEP be ready for the return of the BTC ... ! We are clearly going back into a Bull Market. Moon is in view ...
Bitcoin COINBASE:BTCUSD is currently forming a symmetrical triangle. We expect a continuation of the A,B,C,D,E correction. As currently pictured, we are on wave D, the corrective wave E is expected next. Side note: We do not need to complete wave E to breakout to the upside as momentum can carry us to a bullish continuation of our previous trajectory. Wave D...
Trading suggestion: There is possibility of temporary retracement to suggested support zone (11300.00 to 9600.00), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. .Beginning of entry zone (11300.00) .Ending of entry zone (9600.00) Take Profit: TP1= @12745.95 TP2= @13245.20 TP3= @13788.50 TP4=...
We are beginning to build bullish buying signals...... It is bouncing off of double bottom support and breaking out of the bullish flag on rising volumes. All of the many channels are pointing nicely upwards. The upward curled 50 EMA (50 day moving average), RSI and MACD are all showing bullish signs. So all systems are go. Research shows Bitcoin Cash (BCH) cost...
I previously identified 2 resistance levels for you, which still stand. Whilst we pierced through and closed above R1 the Buyers are struggling to hold R1 as sellers push them under R1 level once again. You all know, I am big move trader who seeks bigger profit runs, with clearly defined moves and clearly defined stop losses. With other indicators telling us that...
I see strong support levels on BinanceCoin. How to trade BNB? First of all, we should wait signal for further upward movement. How to get it? - Look at chart Support Line (uptrend line, blue). If this line and Support Level 1 could hold selling pressure, we will see pullback from it, and a Signal of further uptrend movement. For this case I have 2...
Inverted Bitcoin (BTC) Head & Shoulders (Bottom) Signaled? Bottom Tested 3 Times/Confirmed SUPPORT Level I'm seeing an inverted Head & Shoulders forming with rising volume that at 14,000 could signal the bottom is in and a reversal back up for a New Year's rally in the making. That's what it appears to be doing at this point, and if so, would lift up the whole...
A flag pattern occured in SNT with a target of 2961 in short time period. It must stay above 2024 for this target. Some resistance and support points are marked on the graph. MAde this upward movement with a good volume.