sellers seem exhausted after our bullish dip. wait for pullback conformation. ema 20,50,100,200 can be a good indicator when another run is to start. good luck! Sl and TP's for best outcome.
Chart is as follows. Good position to open a long trade or take profits as labaled on chart. Red- Target price 1, Yellow- Target price 2, Green- Target price 3,
ABC correction into a bullish run, ti’s are in perfect spot to jump in, wait for conformation after pull back is finished. SL and TPS for best gains with min risk. Good luck
So, a little update to our previous chart, BTC has held the .786 support on the lower time frames where we saw a bullish continuation of some important ti indicators, meaning we had a falling price action but rising indicators. this shows us vol will likely keep this support pushing us to that 42k resistance, where after we can re-evaluate BTC and what that will...
BTC is at a perilous stage for whether we will see a continuation of bull trend or make a lower low. Price action has the ability to go either way atm, no clear indication that we are in a safe space. On the bright side, nothing last forever and personally i do think we will see another parabolic run within the next 6 months.
Good position for opening long trade up, watch for candle closing below reversal zone otherwise abandon trade set up.
Chart is as folllows, wait for pullback to open long position, after pullback make judgement on a stop loss, good luck!
good set up for a long position. wait for pullback to buy in, stop loss .18-.1820. good luck!
Chart is as follows. Possible 3 scenarios to play out. wait for pullback and conformation to open up long trade. always use stop loss.
our indicators on the daily have alot of room to drop, need to hold that support zone if we want to see any kind of bullish continuation for btc.
Nkn formed a bearish H&S pattern which is now completed, currently we are seeing nkn open up into a broadening wedge which correlates nicely with btc stoch rsi on the daily making a move up. btc must overcome the 42.5k level for it to be considered a continuation of a bullish trend, if rejected it will drop past previous low to around 27.5k level. As for nkn if we...
If BTC gets rejected by our 42.5k level i feel considering all factors included btc will fall making a new low, most likely around that 27.5k level. If btc can withstand the market pressure from sellers and push through that resistance level we can assume btc will continue its bullish trend back to recovery. -the following links will give a picture of our...
Considering our parallel channel crossing our middle threshold we can always assume some resistance which seems to be the predicament we are in currently, with that said we moved out of a reverse bull flag into a reg bull flag. as mentioned previously we did have a good conformation on a reverse H&S pattern but that seems to have broken down, where we are...
First day since nov that btc 20 day ma has been used as support, as well price broke through 50 day ma. Seems our ma ribbon is tightening, this is good news, hopefully we see a golden cross in our future very soon!
As mentioned previously last week i made a prediction on btc possibly forming a reverse h&S pattern, we now have conformation that the pattern has formed. on the 4hr we can see a few indicators pointing towards a reversal in price action. This is not a trade setup, only a price prediction for the coming week or so.
Little clearer view from the 4hr time frame to show trend projections as well as where our price action might follow. Reverse H&S pattern seems the most likely formation for BTC at the moment.
Possible reverse H&S pattern forming, this seems very likely to happen to gather vol for another run up.
Short term trend? Or are we moving towards a larger breakout? BTC TI trend indicators are showing strong movement, so we can expect the same from the alts!