BTC/USD -Bitcoin bounced a little at 50ma and 100ma -immediate support area just above 7k regions -Bitcoin showing little strength -decision time for BTC, break trendline resistance -or go down to lower lows?
BTC/USD -Bitcoin is holding above 50MA for the 2nd day -Must close daily candle above 50MA & 20MA -Ascending trendline support keeps the bulls alive -If BTC can hold current price levels for the next few days -There is a chance we could see a minor rally to test 7.2k -Bearish scenario if the price closes below trendline support -A drop down to 5.8k is likely to happen
BTC/USD -Bitcoin failed to hold 7k dollars -a retest of 200MA on the 4H chart -floating above the ascending trendline of support -RSI level is below 50 which is a bearish zone -Last for the bulls is to keep the current price level at 6.8k -if trendline support and 200MA break -we could see BTC drop to 6.2k-5.8k
#BTC Update 2 There is CME Unfilled Gap at 7315 But It's Already broke the Trendline. Bitcoin Might Retest the Trendline & Filled the GAP Before Another Bearish Wave. Expecting Bullish MONDAY But Overall It's Bearish..!!
BTC/USD -local trendline breakout -bullish cross fo 50 & 100MA -RSI holding above 50 level -upside target is up to 8100 dollars -stoploss below 100MA -market sentiment is slightly bullish
BTC/USD -Bitcoin failed to break downward trendline resistance -but manages to trade inside this bullish descending channel -200MA is acting as dynamic support on a 4H chart -technically, Bitcoin is on a 4H downtrend -key immediate support must hold is the 6400 area -if current price failed, next key support is at 6200 zone -trading inside this channel is...
BTC/USD -Bitcoin still flowing inside this triangle pattern -100MA is acting as dynamic support -key support is 6770 dollars -RSI is holding 50 condition level -if BTC can't break local resistance trendline -we might see a drop to 6500-6200 dollars -the sentiment is neutral to slightly bearish
BTC/USD -bullish scenario today -if BTC manages to get above 7k and pullback to 6.8k -hold 6.8k and break the resistance at 7.2k -bearish side, if BTC breaks 6.5k -we will see lower low down to 6.2k levels
First bullish factor in a long time, CME gap formed above 7k.
BTC/USD -Bitcoin is following my recent projection to the upside -Key support is now established at 6780 dollars -upside initial target is 7450 dollars -the RSI is back above 50 level which is a bullish sign -no major red flag today -the priority remains to the upside
BTC/USD -must hold the key support at 6733 -ascending trendline must keep intact -100MA acting as dynamic support currently -the priority remains to the upside -if the upward trendline is broken, the trade becomes bearish -crucial time for Bitcoin today
BTC/USD -a potential double retest of support -upside target remains intact -if a break of local support, next key support is 6700 dollars -bitcoin is ready for a large move within 24-48 hours -no major red flag yet
BTC/USD -two bullish scenario -BTC will retest new support at 7074 -or retest lower potential support at 6722 -multiple 4H MA bull cross, signals upside momentum -the RSI still holding above 50 level -the priority remains to the upside -no major red flag
BTC/USD Bitcoin broke the trendline resistance and the 200MA on the 4H chart. If BTC can hold current levels for the next 24 hours, we could expect a potential bull cross of 50MA plus 200MA together. A good retest of old resistance turning into new support is also ideal for a Long opportunity. The upside target is up to 8k psychological resistance plus trading...
BTC/USD Bitcoin just hit the 7k level but failed to maintain the above crucial areas. The price is slowly going down but the Bulls still have the chance to make another attempt if key support 6500 dollars will hold as the 50MA coincide with the same area. This could be the last chance for the bulls to reclaim the 7k regions otherwise, the upside momentum will...
BTC/USD Bitcoin proves today that the bulls are still interested in the market despite the whole sector's uncertainty. BTC is technically forming a bullish ascending pattern which has the probability of breaking to the upside if the flat resistance is broken with convincing volume. Trading with patterns without confirmation breakout is a high risk especially...
BTC/USD BTC may have found new support at 5800 areas as the price immediately bounce from this region. If this is a true reversal stage, the double bottom area is at 5800 and targeting the swing high at 6800 regions together with the CME gap in between. The immediate priority is up and anything below 5800 will invalidate this bullish setup.