At the 2-hours timeframe we can see a possibility of Head and Shoulders formation. Although it is not a clear H&S all signs further decrease presence at the market as TA indicators are bearish Overall BTC is still in bullish mood and this decrease can be evaluated as a natural correction. If the price candle at 1-day timeframe manages to close above $7 568 level...
Same price action, broke the parallel channel, went above the 20 weekly ema, then drop below it, about -36% all the way down to the 200 weekly, The RSI is hitting the same resistance levels, and the stoch rsi is all the way to the top, same setup.
at most best case if it goes up from 5800 then this is scenario
Two important news on the stock exchange Bitfinex 1. Bitfinex removed deposit restrictions, which used to be $ 10,000. Looks like someone is preparing for a bullran? That's interesting ... 2. Today closed 20% of short positions See my idea about trading on stock tokens. There is a certain strategy.
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in Bitcoin chart we can see that a desending triangle gonna breakout soon this triangle can make whole market from Bearish to Bullish aggred with my idea? please click Like Button comment your opinion Thanks @SajjadProTrader
As we can see the price fell back under the downtrend line. Sign of Bear trend A weekly 20MA is showing downtrend too (not shown in chart). We can spot possible trend reversal zones. Fib 61.80% zone (7900-7800$) Fib 78.60% zone (7300-7200$) Uptrend line of the triangle. (6800-7000$) Ps: The breakout of 8167$ level (fib 61.80% of major fib retracement) could be a...
Potential bullish bat pattern on Bitcoin. Our area of interest is 7722-7674. Look for a reversal in that area, will keep you all updated. Happy Trading!!!
T.A AND F.A BC IS WEAK WE CAN SEE MORE DIP IN BTC UPO 6800-7200 BTC is bearish in larger time frame Sell a 8200 and BuY 69-7200$
The price accurately followed our previous analysis and consolidated above the triangle which has finished a descending trend. There was formed reversed H&S pattern which is very bullish. The resistance of Fib 0.618 was broken and the price heads to the major resistance of Fib 0.5 which is near $12600. In case of soon break through it impulse growth will start and...
Brake of the channel pending, we can expect a retracment to 10k before we go to new higher high For hold trading sell 20% in 24K For meduim term trading sell 10% at 20K For margin close trade in 12K
Looks like based on last years support and resistance arrows if the market now consolidates nicely over $10,600 it hould go higher other wise next stop down will be the 20 MA and then failing that then it will be back below $10,000 and as low as $9,400. Enjoy !
hello dear traders as we see bitcoin break the last and most high top in his history so this will lead us to a new areas i tried in this chart to figure the way that the bitcoin is going to move in the next dayes lets hope the best as i say always selling or buy is only with price action . good luck .
long BTC in the red area! then after breaking the upper resistance
Buy BTC after breaking upper resistance! 4000 target +++