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Support and Resistance clearly mentioned on the chart.
As you can see that BTCUSDT is falling and is getting support around 30 to 32.5K. Afterwards it will go on rising to 44K - 52K.
What about me?
I think it will remain Bearish for a bit as you can see it is making bearish trend.
So...
The coins is yet to find its way outside the asymmetrical triangle. It still pays to maintain a bearish sentiment at this moment. You're expected to change your sentiments only if the coin can :
1. break out of the asymetrical triangle and travel North
2. achieve a cross over on H4 moving average.
To be able to consider the uptrend for Bitcoin, the price requires to cross the range of USD 12050, but at the moment it does not happen yet, and the RSI does not show enough strength to be able to do so.
In the 240-minute chart, also by examining the details of the waves, there is a scenario that the second wave is in the form of Double Zigzag, in which the...
Hello Sophisticated Traders,
Thanks for your comments, like and follow on my previous post. The $BTCUSD has consolidated as expected and is holding on to support. Though it cannot be ruled out of addition falling especially due to Covid-19, it would seem that the consolidation is in line with a potential upswing over the coming weeks and months. A daily close...
from our last sell,analysis which i tagged below (please check last analysis and follow me to understand bitcoin movement and updates)
so currently we see descending triangle which means a sell so we sell to our $8200 parameters as amalysed from previous analysis if you follow me
Morning Traders,
Out position has the profit of 332.6USD.
I did move my SL to 9951.3 level (just bellow 50% of the long candle).
We have support at 10007.0 level. Position remain open until price break level of 10007.0 because momentum remain very strong.
Let’s wait and see what will happen next.
Cheers,
Jim
Morning Traders,
As we predict there was price drop. I did not look like explosion, sorry about that.
Price dropping lower, just passed first step at 8348.7and the next step is below 8000.0.
As you can see another TL-4C is forming, and line 0-2 is already drawn.
We have reversal signal 24 of January 19:00 EST.
Cheers,
Jim
all blue zone are btcusd bank level zone for buy , sorry for being low active in chart we are managing funds
any more info about us messege us
#bank trader
We've been riding this descending wedge (reversal) pattern for the past 24 hours or so almost perfectly, which should culminate in a breakout (hopefully) to the upside as we near the end of this Elliot Impulse Wave (12345).
"Mr. Ichimoko" still says we're still in a downward/bearish trend, which impels me to follow the KS (red line) indicator and be very cautious...
