Updating my idea on Bitcoin - USD Dollar () in more detail. I have 3 limit sell orders open at levels $9477, $9900 and last level 10180 USD, my first take profit target at $8000, second $7100 and third $6370. Stop loss at $11000
Hi guys! As I predicted in my previous analysis we had a fakeout to 9k pulled back immediately. After we broke out of the falling wedge we bounced from 8k (VPVR resistance) and then we tested the wedge as a resistance at 8.8k than we started to fall. Everything goes according to plan so far. As I mentioned before the key moving averages are the 50 and 100 MA...
Hi guys! If you read my previous analysis, you know that I preticted that we gonna have a fakeout to 9K than immediately pull back. I do not think it is gonna be a very short-living pullback, I think the 8K will not act as a support. It would be a way too small pullback compared to our parabolic run. The 21 EMA (blue line) should also not hold. What I will be...
Bitcoin Technical Overview Day Trading Range: $6410 - $6070 Day Resistance: $6365 - $6450 - $6480 Day Support: $6280 - $6200 - $ 6130 Technical Indicator: MACD: MacD shows short term bullish volume. Moving Avg: SMA20 is support Bitcoin at $6310, if break it than more down fall. Most Likely Scenario: Short Bitcoin $6400 - $6450 with strong stop loss $6588 &...
Red trend lines are important. Most important 0.618 Fibonacci level! In next month we might break 0.786 Fibonacci level (6000$) and come with V shaped bottom at 0.618 Fibonacci (4800$) to make a jump into new rally with possible final target at 1.618 Fibonacci (12230$)
Hi guys! I wanna share my analysis with you, I do hope you find it helpful. If you liked it please leave a like and If you have any questions leave a comment below!:) BTC is now in a clear bear market, price action is negative and the sentiment is also negative. Will it moon or we gonna crash? No one knows. Anyone stating that it is 100% gonna go up or go down...
Hi friends! Scary things are happening to bitcoin. We not just broke the 200 MA, but we are also about to break the almost 1 year Bullish trendline. Yes as you can see it is on the log chart. Since I am a new technical analyst, I have thirst for knowledge and want to learn as much at is possible. In the book named: Alan Farley - The Master Swing Trader, I read...
Hi my friends! Facts: Head and shoulders did not play out. At the neckline bulls did not have the power to break even higher. Shooting star candle followed buy a large red candle means a strong reversal sign. We broke out from ascending wedge = bearish. We are about to break 1 month bullish trendline (blue line). If we close below this daily that is a strong...
Hi guys! It seems we had a false breakout. We did not have enough volume to push the price higher. Reversed hammer/shooting star is forming = strong reversal sign. Closing below mid-term downtrend daily means we are still bearish. First target is 9.3k, our previous low.
Hi guys! Here is another quick analysis. So going back to a few days we had a nice gravestone doji/shooting star (on the daily chart ) showing that bulls were running out of power. Next day the red candle confirmed the trend reversal. We successfully broke the 10k psychological level. We also broke the 9.5k resistance which was a resistance before and...
SELL Bitcoin - Broken Trendline & .382 Retrace Potential Trading Profits as otlined in Chart
If you have look at the daily chart you can see a clear hidden bearish divergence which is a trend continuation sign (confirming that we are still going down). It also forming on the simple RSI too. On the MACD the lines arent crossed yet. We might move up to 9.5k and possible create a double top there then move down. Yes we broke the bearish trendline, but it...