Bullish Divergence on Daily and 4 Hour Chart LONG @ 6800 to 6900$ TARGET 1 @ 7300 TARGET 2 @ 7500 Recommended Leverage x5 to x10 STOP LOSS @ 6450
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Alright wolves, we broke the fib support briefly but recovered quite fast, it seems to be holding up for now and we are forming a bear flag. From here we will see some more sideways movement before breaking down to the 6400 long term wedge support (RSI and MACD both reading bear) We will then bounce up and test the descending triangle resistance once more at...
BTC found support at 6550 and bounced a little earlier than expected, I still believe we need to retrace to at least the 6400 wedge support (possibly to 6000) before we have a shot at breaking this long term downtrend. We now have a bull flag forming on the 1H MACD just crossed bull, RSI also bull. We might see a bounce back up to around 7k - this just seems to...
Hello Friends and Enemys! Same game same play! Last Idea brought us 116% ROE overnight with a levergae of 25. This time i would recommend a maximum levergae of x10. Bitcoin is still in a Major Downtrend and the bear Market is not over yet. Short @ 6600$ and 6700$ (+/- 50$) Target 6300$ (+/- 50$)
SHORT BITCOIN Short from 6800-7000$ Target: 6450$
This is the first time that BITFINEX:BTCUSD 's Weekly RSI has touched this level since 2014. Full details to come. **Not Financial / Trade advice**
Following regression channel nicely. Capitulation, no reason to buy as of yet. Marked possible targets for reversal.
It has a good support and 0.00006, we can but buy order from these point For Long Term
- Head and shoulders pattern developing - Short on close under neckline - Set stop above neckline - Take some profits at fib
I believe so. We have retraced the most recent dump before this pattern. I've cloned the bar pattern and matched it up to the current fibs and levels - it's too close to ignore. We will continue the trend down I feel. We will break this rising wedge (continuation pattern) around this zone.
long ---> weak resistance to 7800 good momentum no brainer
Looking at the current Fibonacci levels and Exponential Moving Averages. Firstly, the current red 0.618 Fib. $7500 range. Secondly, the 300 EMA, the Fib confluence of red 0.5 and the blue 0.786. $7600 - $7800. What supports the possibility of hitting those levels, RSI, MACD and $7300 price/Fib support. Reaching the 300 EMA and confirming $7500 - $7800 support...
This triangle in BTCUSDT shows an upcoming dump to occur in the month of April or less likely at the beginning of May. This triangle will dump BTC to 4-5k and I expect the whole market to have a big bounce towards those levels. Within the next week, I expect a possible bounce to 8k maximum. The bounce will happen cause the fractal harmonic pattern shown will...
Here are two clear channels that BTC could follow - be cautious and set your stop losses.