XBTUSD price recently broken the key level of $6380 and left the white diapasn expiriencing bearish tendency. However, the price consolidated and went back to the previous diapason from the green zone, retesting the level.
This is how I see BTC dynamics for now. The price now is moving inside the channel (diapason trading opportunities) with the upwards trend inside. Ready to open long on confirmation and monitor the key level of $6850.
The falling wedge pattern worked well today for BTC price. The impulse was followed by a retest and further upwards movement. Now the price is being consolidated
An impulse was awauted after the price consolidation. Now BTC feels better. Still holding a 50% of the position open
After a sharp drop BTC price experienced a correction that formed recently a triangle pattern. What is to expect - one more price impulse. For now, the triangle is almost formed and the target levels are: - Bullish: $6000-$6750 - Bearish: $4940-$3000 50MA is still below 100MA, so, the trend os rather bearish for now.
War of trends at $ETH chart. Possible retest is coming with the bearish sentiment. Othervise, the price enters back a range that is downwards as well
The price is experiencing war of trends, as inside the upwards trend the one declining is forming. Besides, bearish sentiment is identified by a cross of 50 and 100 MA. The major levels are $10500 and $9500.
The price broke the trend after bearish flag formation. Currently, it is moving in a downwards channel and if there is no upwards impulse, it will decrease to the lower border of the channel.
This is how TA works. Bearish flag with a strong downwards impulse P.S. What I see here is lots of stop-losses that worked in an hour
Even though the price faced a strong resistance of $10000, it is still in a bullish range and has already 3 points proving upwards trend along with the MAs signal.
Hey, while everyone was talking about Tesla, BTC continued moving according to logic scenarios. Opened long at confirmation candle at the support and currently closed a half. The $10,000 level is a point either for reversal trend or for a breakout.
The price still moves in accordance with srong levels and upwards channel. $9165 level may be crucial and identify the further price impulse after the consolidation phase with the target prices of $10000 and $8200
That is why I always recommend entering even a strong trend at a confirmation candle. Here the price broken a strong upwards trend out at the third point (usually it is a sign of trend continuation but it is to be confirmed). After the price consolidated and formed a beautiful double bottom pattern with a strong bullish impulse. managed to catch it with about 500...
Ethereum price after strong bullish impulse faced strong resistance and dropped to $162. After the decline, the price consolidated forming a bearish flag. One of the probable scenarios is following bearish sentiment with the drop to $162 and $156
Bitcoin price in Dec 2019 - Jan 2020 experienced the war of trends and finally, bullish trend won. The chart shows 3 points at 1D timeframe that can be regarded as a strong confirmation. Currently, the price may either follow the trend (rebound from the border), or enter into the breakout stage (bears power). $9400 is supposed to be a strong level for the price...
Ethereum price after a significant breakout on the 14th of January experienced the consolidation forming a flag pattern. Inside the range there were several diapason trading opportunities (e.g. short at the chart). Further possible scenario is a bullish impulse in the foreseeable future. Monitoring and preparing for the next profitable trade. Cheers!
XBTUSD price, as it was stated in previous chart, experienced an impulse after a triangle pattern. The impulse was strong enough and the price broken the $8500 level out. Opened a long after breakout at the price consolidation. Closed at $8790. Currently, the price is expected to move inside the range of $8500-$9400.
XBTUSD price after the breakout of a range with the upper border of $7900 consolidated forming a triangle inside the diapason of $7900-$8500 with the core levels as the upper and lower borders. Currently, the momentum is expected. I'm waiting to open a trade at the confirmation candle.