Symbol: Bitcoin , BTCUSD , XBTUSD
Context: Descending Channel
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern
Charting Timeframe: 15m - 11H
Green->Red on 15m-30m + Yellow on 1H - 2H + Green Context
Yellow -> Red on 15m--1H + Red or Yellow Context
Green -> Red on 15m - 1H + Red or Yellow Context
Zone near upper border of the...
DAY TRADE - EXPIRES AT 9PM UK
Trading within a Bearish Channel formation.
A break of bespoke support at 1.2341, and the move lower is already underway.
Bespoke resistance is located at 1.2387.
The bias remains mildly bullish but there is scope for a move in either direction at the open.
Further downside is expected although we prefer to set shorts at...
Price has approached the top of its consolidation range, and has formed a spinning top candle, a good sign of Indecision. Since it is in consolidation, this could be a sign of another bounce moving price to the lower bound of the range.
Dropping to the 4 hour, we don't have signs of much bearish potential. There are signs of bullish potential...
APPL has suffered the biggest dump of shares in its history. Price has bounced back by still less than a 38.2% retracement (at this time). Now price is struggling at a key inflexion point. Will APPL recover? I don't know - as I cannot see into the future. The probability estimate at this time is further downside eventually on the weekly to 3-Daily.
risky play, but worth the shot, price hanging on the monthly pivot, selling pressure on obvosc diminishing, rsi oversold. Playable bounce imo off this daily block into breaker above
p.s. this is bittrex chart, adjust the difference between bittrex and bitmex premium and just add it, levels the same
It looks like the price has moved below this previous resistance level and has bounced. The price had formed a long legged doji as it touched the support and then started to produce bearish candles. The RSI is supporting a bearish movement at the moment. Overall I think the price of this pair would fall in value over the next couple of days. I would keep everyone...
The price has successfully bounce off the broken support, which is now acting as a resistance level. Also, the price has started to form a bearish channel. This indicates over the next few days we are very likely to see bearish moves, this outcome is also preferred by the RSI as it is in a bearish position. I would keep everyone updated on this pair over the coming days.
If you would look historically each time RSI hits 20 on the 4h chart we see a bounce playing out
I will be buying up some BTC here @ $7,500 to sell at about $7,850 as the target. Placing a stop here is very inconvenient so it's very risky :O
The price seems like it has managed to breakout the bearish channel it was in, now the price has made its way back down to the broken resistance, which is now acting as a support. If the price bounces off this new support level it is very likely that we could see significant bullish gains from this currency pair. I would keep everyone updated on this pair over the...
The price seems to be in a steep bullish channel. This price has managed to reach a level which has previously successfully held as a strong resistance level, if the price is able to break this resistance level then we should see substantial bullish gains. But if the resistance level holds this might cause the price to break out the bullish channel, this can lead...