BTCUSD reversed off its resistance at 9216.8 where it could potentially drop further to 8575.0. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL...
I do not believe selling has stopped. First, Bitcoin play between $8,500-$8,700 then the next day it played around $8,200-$8,400 and today it is playing around $7,900-$8,200.. which clearly means its a bear market and lots of volatility. From the chart we can see that Bitcoin hit the $7,500 level about six times between May and June. It's safe to say that $7,500...
BTCUSDT Short Now BTC GOING DOWN COMING SOON BITCOIN
BTC is at the end of forming a triangle, in my opinion, it will drop to $8500. Because oscillators show huge bearish divergences.
A big move is around the corner in Bitcoin (BTC). The 1H chart for BTC/USD shows the price trading within a symmetrical triangle that it will soon have to break out of. Before we see an actual downtrend begin, we could see a fake out aimed at shaking out retail bears before the big move to the downside comes into effect. The price is up against two strong...
There is a rejection on resestance line. we will see more correction and sell patterns.
This is my first post, if you have any criticisms let me know!
Bitcoin is now trading at $9400. The quick support is now $8800-$9000, as long as Bitcoin is able to trade above the support zone bulls are aiming for $10,000. The psychological resistance is now $9800-$10,000. Next few days are very crucial for Bitcoin.
BTCUSD reversed off its resistance at 9751.5 where it could potentially drop further to 8302.2. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
according to Fibonacci retracement, this would hit bitcoin into a bearish signal which can be an opportunity for traders cause it will go down below previous high Short 9400 -94500 Close 9000-8667
Here is an interesting observation. Did anyone notice how astoundingly similar the whole structure for this last rally to 14k and up to the current correction looks in the 4h chart, compared to the whole 2018 structure in the daily? This is quite fascinating, and might indicate that actually a bottom structure is forming. Everyone is expecting a drop to 6k,...
The 61.8 fib is a major support and target to the downside.. the measured move off of the past 3 month consolidation points is to $7200 range as well. this would be the best case scenario for bitcoin, If we break 7200 and close daily candles below i would say get ready for a prolonged bear market.. At the moment i am short, looking to take profit at 7200 range...
BTC successfully rebounded from the 61.8 Fibonacci level on October 23/24 and after registering a small loss to $7,433 on Thursday, October 24, The work week ended with a bang as the BTC/USD pair formed one of its largest candles ever and added more than $1200 to its value. The 16.5 percent increase helped the leading cryptocurrency to reach $8,658. On the first...
BTC is forming a contracting\symmetrical triangle with the momentum on the downside (more likely) As per chart, the target area is the height of the triangle matches the next level support. It would be important to keep an eye out on the RSI level. A Bearish Divergence will also help confirm. Finer details as the chart progresses