It looks like we are going to retest the 30k level again and possibly fake it out before we can think about longs. We are bouncing fromt hat 30k round number and this could be an opportunity to short if we keep creating bearish candlesticks. Where to BUy? Stay tuned :)
Bitcoin itself has no value at all unlike Gold and Silver which can be used as money and used in everyday items like solar panels. Price is purely speculation, yes if more people believe price is going to go up and buy it then price will go up, the only problem with this is you need more people to keep buying and eventually the supply of fools will run out.. This...
Dear Traders
Following our previous analysis BTC is moving just as expected! and yes we will see 28k probably today or tomorrow!
I just detected 5 legs down pattern being in play for btcusdt, which lures me into a short position!
Entry 1: 31495
Entry 2: 32300
TP1:30500
TP2: 29500
TP3: 28900
TP4: 28400
Stop-loss:33335
Good Luck Everyone
I can see a push down to my support zone before price bounces and bulls push price back up and through all time highs.
Would i sell down to this level, nope! I would play the waiting game and see if price does push down to this level as once price decides to push up it moves like a bullet train, and i dont want to be caught on the wrong side of that.
Do i think...
I foresee a potential bearish play on BTCUSD today and tomorrow perhaps.
On the 1H chart we have plenty of reasons to be going short, and many of them are listed in the chart. Resistance levels, fib retracement, RSI and even price action which is creating lower highs.
While on the 2m chart we could be building a Head and Shoulders pattern.
Make sure you...
SEC news absolutely nuked XRP
My two theories, have a building bear flag so may get a little upside wave followed by a greater downside wave
Or it drops and finds support at 0.24 where it could from a flat bottom triangle - would be quite bullish for XRP
If that level is lost though I think there will be heavy buyers at 0.20 but I would still stay away as it won't...
Dear Traders
You might have followed our previous Sell Signal on bitcoin, in which all 4 TPs were hit in 6 days. Here we take a look at the current situation in a 4 hour chart.
Based on the Eliot waves theory I have distinguished 3 possible zones for the end of the correction phase, 2 of which are already lost. Therefore, I believe we are going to visit 28k! If...
Bullish pennant definitely forming here
We have had multiple similar bullish formations on the BTC chart but they haven't really pumped with any volume and have gone up 1k, down 2k, then back up 1k, has been very sideways tending around the 36300-36700 level
If this breaks it could be mega, lines up almost perfectly with the 2.618 from the 2017 top to 2018 bottom...
Our levels from last week remain in place as our green zone still help and showed great support.
We like a run from out marked out plan we added to out position just above our planned entry on latest shared setup.
Dear Traders
A descending trendline has been broken, one can buy long or invest in this pair once the weekly breakout zone and conquered and retested!
Our targets are shown by blue levels.
#StayRoyal #StayProfitable
Happy Trading.
Back again with another idea!
Having broken out of a descending trend line, this pair has managed to successfully test the trend, provided that the resistance zone is conquered the blue lines could be immediate targets.
#StayRoyal #StayProfitable
Happy Trading everyone.
Dear Traders
with the support of immediate and major zones, this pair has managed to get back in an ascending channel, however, a strong resistance zone is keeping the price from trying the top of the channel again, if this zone is conquered one can imagine the blue lines as the immediate targets.
#StayRoyal #StayProfitable
Have a nice weekend everyone!
My fellow Traders
In the daily time frame, it can be observed that a very vital breakout zone is being conquered, a descending trendline is already broken and successfully tested, so the blue lines can be the next targets if the daily zone is retested successfully.
Take advantage of this opportunity
#StayRoyal #StayProfitable
![BTCUSD: BTCUSD weekend short [16.1.21]](https://s3.tradingview.com/a/AnQcxgfM_mid.png "BTCUSD weekend short [16.1.21]")
