When in doubt zoom out, daily we still teasing the bottom retest again.
BTC 4 Hour rejected at resistance, will see if support can hold and if so whether the bounce is strong enough to break resistance.
For BTC to look at a possible confirmation of a trend reversal to the upside I am keeping an eye on this formation, we may see volume come in if is able to break above.
BTC weekly chat here, As long as we remain in this formation I can see a trend reversal from this level, a break below would leave me with nothing but bearish outlook short term. Perhaps if a break down below support trend line would see a test of 200 MA around $22,000 but more thinking we should see a volume pump hopefully from this level.
BTC As suggested we testing the $28k previous bottom will see if can hold daily candle above 90mins
With BTC Expecting a retest of the previous bottom $28k region, I don't think this reversal is the bottom, short squeeze, fakeout call it what you want but personally I dont think we have seen the bottom.
BTC has bounced again off the daily support trend line and now hopefully we can see a retest and breakout of 4 hr falling wedge.
BTC is forming a falling wedge on the 4hr chart, looking for increase in volume to retest resistance, will need to break this before thinking of $40k and $42k resistance levels.
For now BTC still holding above support trend line, previous updates still relevant and targets remain.
Previous BTC chart daily using closed candles now changed to wicks shows this could be a new bottom and see a bounce from $38k level, a lower low will be very bearish however.
Same here again famz, need the daily to close above the support trend line to avoid a short term bearish outlook and even better a bounce after the close above with some volume. If closes below, my target is $36,500. Close above then we need to flip $42k with a closed candle above.
Ocean has broken out nicely and so far so good for our second huge swing on this great project.
Hey guys retest of our support trend line here on the daily, need to close above over the next 30mins, very important.
As per the chart we have entered again after a huge 50% spot a few weeks ago and we have a nice flag breakout looking for another 30% swing here.
As per my previous post we had broken the support trend line on the shorter time frames however the daily is what I am most interested in and also considered it being a bear trap, as we can ee we have had a good bounce back above the support trend line and in less than an hour likely to close above, I see this as very bullish and expect some good upward movement...
BTC has broken support trend line however a daily close above will still be bullish, so until confirmed I have no bias either way, of course a daily close below the support trend line will be very short term bearish.
Hey famz, BTC continues to hold above daily support trend line, and now for a while $40,000 horizontal support, would like to see an increase in volume to get more of a pop, however it is Easter weekend, so a bit uneasy here to be confident either way.
COTI forming a inverse head and shoulders while simultaneously retesting and bouncing off the resistance trend line. Looking for close above horizontal resistance then will add profits taken on the trade prior to BTC pullback.