Bitcoin (BTCUSD) dropped below $6500 and is now trading around the $5900 support. We still have the "Gap" from 8-March, will it fill after the drop? Here you can find the most important support levels for Bitcoin on the daily timeframe: Bitcoin Daily Important Retracement Support (+Extension Targets) Bitcoin Ends In Adam & Eve Bottom Again, Repeat 2018/19...
BTC/USD BTC broke local support at 6500 and the price immediate drop by almost 10%. If Bitcoin fails to hold current pice at 6200, we could expect another leg down to previous Higher Low of support at 5800 areas. 5800 level would a good potential bounce play and targe the swing high at 6800 dollars.
BTC/USD Bitcoin is still floating inside this consolidation phase where the price is just trading sideways with a flat line of resistance at 6800 areas. The priority remains to the upside for as long the trend-line support and the 50MA on the 4H time-frame holds. No major red flags on Bitcoin but only showing some minor weakness because the longer BTC stays on...
BTC/USD Bitcoin is facing minor rejection at 6600 but the price action is trading above 100MA inside the ascending pattern. If BTC can hold this level for the next 24-48 hours, we could see a potential breakout to the upside as the bears failed to drop the price during its consolidation. A trading strategy here is to wait for the break of resistance and open a...
BTC/USD BTC finally shift the 4H trend to the upside after making its 1st Higher High and currently topped out at 7100 areas. The bulls have a lot of room to establish its next potential Higher Low between 6000-5600 regions. We may expect BTC to hover within this area for the next 2-3 days before another attempt to push higher. The bullish scenario will remain...
BTC/USD Bitcoin is holding strong the price range between 5200-5400 zone and looks to be forming a bullish ascending triangle as the price keeps making a series of higher lows. BTC just had a bullish MA cross of 50 & 100 moving averages on the 1H time-frame. This signal short-term shift in momentum to the upside but still not confirm until immediate resistance...
BTC/USD BTC manages to break the trendline resistance at the 5k and keeping the price above it for more than 12hrs now. This is a good chance for the bulls to change the shorter timeframe rally going up. This momentum will remain intact as long as the price does not break below 4.8k because if that level is gone this will give the bears a meaningful entry to...
BTC/USD BTC is setting up another large move on the 1hr time-frame, once we see a break of this trend-line resistance above 5600 areas. Most likely the price can easily pump up to 7k regions or between 0.618-0.786 fib resistance area. Bitcoin has been beaten badly so I won't be surprised if BTC can regain or just bounce above 7k. Still be cautious, wait for the...
BTC/USD After a massive drop we experience this week, BTC still manages to bounce right at the last trend-line of support which is located at around 4k. $4000 was also the previous resistance area of the ascending triangle that gives us a parabolic pump last 2019. If Bitcoin can recover a V-shape in the coming weeks or months. This potential inverse H&S has the...
BTC/USD Bitcoin confirmed the Cup & Handle pattern as the price broke to the upside after piercing the immediate resistance at 9k. Now, BTC needs to hold the 9k regions and continue higher to validate a strong presence from the bulls. Target to the upside is between the reverse Fib 0.5 - 0.618 levels.
#BTC respected our support zone 8370-8460 exactly and made a move upwards.. We are still holding our position of 8800 zone.. The reason why I didn't add some BTC at the support level (Our support and resistance levels have worked accurately most of times) is - Fundamentals like Corona virus.. Else I would have bought it there are per my technicals... So we can...
BTC/USD How is Bitcoin is doing on the longer time-frame? Well, Technically, Bulls are still in the fighting stance as it is currently holding/testing the 0.5 Fib support levels at 8.5k. Is it still possible to retest the swing high at 10.5k? or even the 12k area? The answer is Yes, If and only this potential right shoulder will playout. What are the chances BTC...
Bitcoin Futures CME Bitcoin finally filled the gap between 9250-9130, now that this scenario is completed and the upward trend-line of support still intact. There is likely a chance we could see another leg up to hit 10k in the coming days. Priority is back to bullish again after the price re-entered the 9500 zones.
BTC/USD Bitcoin failed the bull break at 9600 without follow-through and the price slowly grinding to the 9200s. 50MA is currently acting as dynamic resistance keeping the price below it will increase the probabilities that the support is likely going to fail in the next 24 - 48 hours. As we all know, the more times the support is tested at 9200 areas, it is...
BTC/USD Bitcoin is looking bearish after failing to break above 9400s, it also failed to hold previous Higher Low at 9280s and has now retested the same support at the 9220s. This key support area is likely to fail as the EMAs and 50MA on 1hr time-frame is acting as bearish momentum pointing to the downside. We will be looking at 9000s next key support area if...
BTC/USD Bitcoin found support again for the 3rd time at 9200s area, BTC started turning to the upside and has the potential to retest the swing top at 9600. If BTC can't break the swing High, there is likely a pullback at immediate support areas to push another wave up. Bearish side, BTC will come down and retest flat support area for the 4th time which will add...
Bitcoin CME Futures Bitcoin broke outside the upward trend-line support and EMA crosses bearish on the 1-hr time-frame. There is a price gap between 9250 - 9120, if BTC fell lower, this will be our immediate key targets for Short positions as this area also coincides with the previous support region.
BTC/USD Bitcoin is still respecting this upward trend-line of support and immediate EMAs on a 1-hr time-frame period. As long as BTC follows this key support line, I can see another leg up but keep in mind the RSI is painting a warning signal. Please keep stop-loss in place in case of major dump happens.