Just Take a look at the charts.
The famous "triangle" many traders talk about. I'll be short and straight with my analysis. 1-Market is bear, it's been for quiet a long time now. 2-The blue descending trendline has behaved very nice on the last swings 3- The descending BLACK triangle I've plotted broke downwards. Keep in mind point (1) 4- I used keltner channels to show that the strong move...
2 resistances that need to be break to confirm a "bullish" trend from the current situation. 1. $7500 as we enter an attractive zone 2. $8500 where people will get FOMO'd (not only "people" but also those who in institutions) by any means, we are also watching out the supports 1. $6100 Where people living denial there is still bullish intact. 2. $5800 is our...
Pattern : Descending Triangle Bear Target 3600$ - 3800$ if price break downside of the triangle Bull Target 9400$ if break upside of the triangle.
Bitcoin / US Dollar Index XBT H4 chart The price is on a very critical level. I did draw everything on the chart Blue lines: Weekly resistance The thick red line below: An important and strong support The thick red line above: A large falling trend line ( this must pass in order for the ascension to continue strongly ) There are two possibilities; 1- He will...
Bitcoin looks quite bearish, just purely from a Wyckoff standpoint (still learning, just posting my ideas so I can track my progress with this new strategy) Does look a bit like redistribution to me, suggesting we have more downside. People can zoom out and see that we are forming a pennant, I agree with that as well, but just by saying it is a pennant doesn't...
For a long time we are in the growth phase, I think a rollback to the support zone 8000-8200 would have been quite logical, we did not check the strong support and a set of new positions for a long time that would have no problem to pour the upper zone 10000-10500
In the 4-hour Heikin Ashi chart is forming a green candle. Still 2 hours and if this candle closes green, it will represent a bullish signal. First target $8,400/8,700 area, and second target $9,350/9,750 area.
BTC-USD has broken the 200-day simple moving average and now is in the proximity of the static support at $7,500 (about). Here is possible to see a bounce of the currency pair, in the last days the volume is decreased and well below the 10-day moving average. However, for a confirm, it needs a green heikin ashi candle (or at least a doji with the close higher the...