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...
BTC - zigzag correction in mid term
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...
Island Top in play almost exactly similar to January 1994 Platinum.
Hi guys! As you can see on the 4H chart we are forming this bullish triangle. The volume is decreasing we are making higher lows. The 7500 USD level acted as support, so the next target is the top of the triangle at around 8200 USD. According to VPVP we have a quite strong resistance at 7950-8000 USD which is not surprising, since it is a round number and also a...
We have failed to make a new HH and have gotten rejected on the 8.3k range TWICE, thus creating a double top. A head & shoulders formation seems to be forming on the 4HR timeframe. My Target is listed on the chart for a re entry if this formation does play out. Trade safe and have amazing Tuesday!
Bitcoin can not get enough demand. I'm expecting a huge decline. Btw, I'm not going to trade this setup. Just analysing! FYI: This is a SELL STOP setup. This is not financial advice.
1) I can see a clear divergence formation 2) Volume is falling on this BTC local growth 3) CME is telling that Asset Managers and Leveraged Funds are shorting BIG despite this rally 4) Longs are keep falling on Bitfinex. Shorts are rising against the trend That is indeed a very weak short-term rally. I doubt it breaks 4250 and stays where. Fundamentally media...
BTCUSD struggling and the weekly chart was closed below a powerfull resistance line which means we need a re-test of a 200MA which is situated at 3400-3409$. Stochastic RSI is overbought and probably in the next week we will have a bearish cross. At RSI we see clearly,was rejected. In my opinion bottom was hitted BUT we need to test once again 200MA. Good luck
simple support turned resistance here with a tight stop, more conservative stop at 3611
Appears harmonic patterns bearish butterfly at frame h1, Preparing to sell in areas 1 and 2 Target price goes down to point A Safe and Happy trading!!
BTC 12HR We have been consolidating sideways for a while now between 6400-6600, for me this is no mans land, a few indicators are looking bearish to me though.. According to futures data 72.35% of retail traders are long, thats ammo for a large down move in my opinion, although we have BAKKT coming up next month so i am bullish, but for now expecting a slow move...