BTC/USD -Bitcoin just had a Bull trap after breaking the recent high at 12.1k -The price slowly dumping down to 11.6k located the trendline support -We can see a Bullish reaction candle on the 1st retest of trendline -BTC is still on an uptrend but a sign of weakness is showing -Though the trendline of support still valid -We still need to be cautious as the...
BTC/USD -Bitcoin is about to confirm a Bearish Double Top reversal -The price is starting to break the upward trendline support -If the next candle will close below the key trendline -It is likely to confirm this reversal pattern -The downside target below is 10900-10700 range -We can see multiple bearish signs on BTC -RSI divergence, Strong sell volume &...
X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore the Bitcoin CME Futures chart on the daily in order to understand the technical barriers that Bitcoin faces in its bullish rally. Analysis - A gap is an area discontinuity in a security's chart where its price...
Bitcoin CME Futures -Today, BTC made another Higher High looking at the 4h time frame -But we need to be more cautious now because of the Bearish RSI divergence -The price is touching the upward trendline resistance -If Bitcoin unable to break above the trendline resistance -It is likely to come down and try to fill the CME gap at 11735-11690 range -Also, the...
X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore BItcoin's corrective probabilities referencing the Bitcoin CME Futures chart. Analysis - To begin with, we have formed a double bottom on the hourly, and are breaking out to potentially retest 12k regions -...
BTC/USD -After the ascending triangle pattern broke out -The price hits the 12k key resistance including the CME gap before 12k -Bitcoin drops and now trading below the upward trendline of support -This is not good in the short term -We can also see a strong sell volume during the blow-off top -The key area I'm watching right now is the 10.3k-10.1k range -Only if...
BTC/USD -I have 3 possible scenarios for Bitcoin on this 1H chart -1st scenario is a bearish Double Top reversal -For the 2nd scenario, BTC breaks the trendline resistance and push higher up to 12k -My 3rd scenario would be a bearish descending triangle -Downside target is down to 10.2k which is a good area of support -These are my thoughts, let me know your...
BTC/USD -bitcoin bulls won the short term game today -as the price broke finally above the trendline resistance -also manages to give back above 200MA on 4H timeframe -now, for BTC bulls to continue. They must protect the support at 9200 range -because this level is important in the short term market view -the next level to watch for the upside resistance is...
BTC/USD -Bitcoin just got rejected again by the descending trendline resistance -the price is approaching a key area of support at a 9k-8.8k range -this area of support has been tested 4 times now -if BTC will come back to this zone this will be its 5th retest -bearish side, the more it gets tested, the more the support becomes weaker -we will never know what...
BTC/USD -Bitcoin just had a failed breakout of the trendline -the price went back inside the lower sideways range -it almost touched our green area of support -if the bulls can hold our support zone -they will have another chance breaking this trendline successfully -but for now, I expect a few more days of sideways -Alts may start going higher again
BTC/USD -Bitcoin is starting to break above the descending trendline -if BTC closes the daily candle above 50D MA -this will give a bullish side to the market for the next few days -longer sideways action is also expected -a potential challenge of 10k resistance zone again -during this sideways market again, Alts will start moving faster -well, it is really...
BTC/USDT -since the drop from 9600s area -the price is unable to break above the 50ma on 1hr chart -it acted as a dynamic resistance zone -Bitcoin is testing the flat area of support again -which is a bearish sign because it gets weaker over time -it is also painting a bearish descending triangle -if we see a close below key support -there is a high chance we...
BTC/USD -rejected at new downward trendline resistance -the price went back to the key support area at 9.3-9.2ks -this is a crucial time for Bitcoin -if we want a bullish position, we to see a break of 9.5ks zone -but if we are looking for a bearish position, a close below 9ks is a sign -I recommend not to use high leverage inside the consolidation zone -the...
BTC/USD -Bitcoin manages to break the local trendline resistance -closing the daily candle bullish -new higher low is set at 9.2ks area -upward trendline of ascending triangle still valid -the priority is back to the bulls -we may have a high chance to retest the 10k major resistance -notice the volume decline approaching the triangle apex -it is telling us a...
BTC CME Futures -the daily candle is about to close in a few minutes -it is looking a strong bullish candle -it still respecting the upward trendline for the 3rd time -if the previous drop was just a bear trap -we may likely to see another retest of flat resistance at 10ks -we also just had a golden cross last week -the bulls must not break this trendline for the...
BTC/USD -the Bulls may have temporarily held the ascending trendline -technically, the bullish ascending triangle is still in-play -the first challenge is to break the minor resistance at 9.6k -if BTC can do that, then retest it as support -BTC may likely go up to 10k resistance area once again -the good news is, going above 9.6ks will bring some Altcoin...
BTC/USD -still respecting the immediate support at 9.3ks -the upward trendline is still considered valid -BTC is currently painting a complex Ascending Triangle -the market structure remains bullish -the trading pattern is unconfirmed until broken -the price is approaching the apex of the triangle -we will soon see a clear breakout -use stop loss at all trades or...
BTC/USD -this setup is for Bulls and Bears -Bulls face rejection at 10ks -currently, BTC is holding the immediate support @ 9.5ks -the ascending trendline support still holding -can the Bulls regain the low 10k level again? -it is a tough question to answer -but like the old saying “The trend is your friend” -as long as BTC will hold current support...