2 possible scenario at present
Updating Last Scenario
See if it breakout again higher
sup : $ 6,500 res : $ 7,300 Now what ? One thing for sure : be careful guys. Pattern forms Fractal at the march 1st - 7rd
BTC death cross is imminent (50DMA crossing the 200DMA), with a rising flag reversal pattern as well. Good time to short with the hourly 50 and 21ma starting to curl downwards. Better to short now inside the rising flag pattern than after the breakout to the downside as things can get choppy. Profit targets would be down near 3.8k and as we fall.
So, i haven't posted an idea in quite some time, just been minding my own and making my own trades, but I wanted a chance to point out that i think the big short will ensue around 8k. So, here is my chart, and what is in my opinion a likely scenario for what's to come soon. This is not trade advice.
This is a straight forward chart here. The price level that BTC is struggling to break is quite a significant level if you look back through its history. $6500 has acted as support for most throughout 2018 and we even touched on it twice in 2019. But what once was support, can become resistance. And if BTC gets stuck below $6500, this could be very bad for BTC and...
BTC/USD is currently showing potential to fall even further bearish.Price is currently potentially moving bullish short term to re-test that marked level of resistance which is also our entry. We have two take profit levels, scale out once price reaches take profit one and move the rest of the position risk free by putting stop loss passed the entry point. Do...
Hey everyone! Looking at today's 4-HR chart for Bitcoin, here's what I see. After today's $700 pump, most people are very bullish. However, part of me is leaning the other way and I'll tell you why. I quickly take notice to the dominance the MA100 has had on the price action since February. Four times we have tried to break it since falling underneath it and every...
Hello friends. We expect a decrease in the price of bitcoin as part of an upward correction to the level of 5000. At a price of 5000, we recommend buying in order to take profits at the level of 8000-8500. Overall, our expectations are pessimistic regarding medium-term growth. The market behavior model has changed and now tells us about the great risk of...
Yesterday's attempt to overcome horizontal resistance failed The bears have rejected growth and there is a risk that we will come back below this zone A third test of our trendline is also possible, be very careful there If you are interested in trade you can search for LONG orders below the trend line.
BLX TA Update Bitcoin finished it strong after regaining back above the 200W MA today and trading above the last trendline of support. There is still hope for the bulls, as long as the price action will remain above the bearish territory within 3-4 weeks, there is a chance this potential head of the Inverse H&S pattern will get the opportunity to become a...
We are coming down correctively and this bounce would be pretty normal compared to the drop we have just had.
Hey guys, Please do not miss this, I am very positive on this prediction. Thanks, -M
Use small leverage, strongly below 3x. Use stop-loss, and take profit. Don't worry, it's ok.
2020 early Summer will be a bloodbath for BTC holders. Worse is yet to come, mark my words. From this month to May price will be on downward. We have not touched the bottom yet. My best advice to everyone is to buy in the summer. Good luck all.