is showed a cycle on chart and its easy to find the bottom with that. the cycle trend have good potential for a see a pullback on eos. you can see 2 wedge on chart to terminate all of the bearish wedge. last wave is equal to 1.27 on a wave and this can show us too the wave is going to terminate. trade is a counter trend and have a huge amount of risk. good luck...
BINANCE:MDABTC A small accumulation zone. The bulls are trying to go up but seems that have not much power now. Must watch for the trend. For the moment it's playing on the 7852 support line. If we want to be early, we must watch a reversal candle for our entry. Possible trades on chart. Buy: 7950 - 8120 TP1: 8518 TP2: 8997 Risky ones or mid/long term TP3:...
Again, the resistance of the floor of the 20-day flag was targeted. If liquidity comes to market, we will see Pump Bitcoin. Otherwise, it will rest a bit ,until make a renewed effort to break this roof.
The green trendline show best buying opportunities in the past. Every time it falls below there is a spring and normally and up trend follows. Below the red trend line for a daily close and I will be a little worried. But alot of this falls on BTC as the market follows it for now. Whats next hopefully BTC bulls stay in control for at least another week so AE can...
The next 0-2 hour period is your entry into the 12 hour upward trend on BTC. Caution: As we near the end of the bigger timeframe wedge, BTC loses volume and chances of this trend continuing for extended period are lowered.
Broken trend line on the 4hr rsi. Bearish divergence forming and stagnant movement on the 4hr chart at the .236 fib level. all indicatros bulls are losing presence and we will see a pull back from this run up.
The day chart's up but the 4hr is down so we could be moving back towards the $6600 range - believe it or not. It's going to be okay because we still need this double bottom to build up enough faith (and more accumulation). June 5th and 6th we should see it happen. This has been the 2 month pattern... From there we'll see. Not financial or psychological advice....
In the last analysis I've traced a zone around 7200-7600$ as a confluence area and the price actually stationed here for some time. This price level is important because if it fails to act as support, price could retest the lower triangle trendline and the daily support @6900-7000$ or go even lower for a possible triple bottom pattern @6400-6500$. This is what I...
My last analysis was correct and we made huge profit guys! Cheers! Today, I gonna show how the trend will work. Let's simplified it. If the red support wall will break out, Bitcoin 0.57% price can be re-entered 7250/7200 over 70% possibility. If the red support wall won't break out, it can try to break 7700/7850 resistance wall. Position (with conservative...
As we can see, Bitcoin is in a wedge pattern. We got the support here around the $7400 mark. Expect some consolidation around $7500-$8,000, then a breakout to the upper range of the wedge. Resistance around $9500. Lets see the wedge start to close, and expect a breakout to either the upside or downside, but the longterm move should be a breakout to the upside.
Testing intersection point of different trends and channels. Short in the short term :D unless it crosses over and retests it and holds it.
Testing to see if this theory is correct. It looks like the stock psi cycles every 3 hours. Check back at 2100 pst.
Bitcoin was finally pumped and someone put a lot of money in it. That company, person, hedge fund or whoever put that amount of money in bitcoin will not want to be dumped again (for sure) and will want to increase the value of Bitcoin. There are a lot of reasons why Bitcoin will not easily dump again: There are too many miners who will not allow that...