abdulla_faraz

abdulla_faraz

On the log scale, there's a clear trend where BTC cycles between tops and bottoms every 4 years.

abdulla_faraz Updated 

BTCUSD weekly chart shows bullish reversal, indicating over the next few weeks we might see bull continue to push prices higher. On the daily chart an inverted head and shoulders have formed on the bottom, but BTC continues to struggle against 6800, which it has touched several times. This week, there might be just enough momentum to push through resistance at...

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Daily chart shows 3 inside bars one after another indicating consolidation. We could see price break out of the descending triangle to the upside within the next couple of days.

abdulla_faraz Updated 

We're seeing exhausted weaker bears over the last few days. RSI shows hidden slightly bullish divergence. We could see a retest of 6100 before making a lower higher then a higher high. No confirmation yet though. Wait for a higher low to form.

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Bear flag, that's near exhaustion, indicate BTC might be ready for another breakout downward for another $800 point move. We could see this move in the next 48 hours.

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A massive bearish pennant flag has formed, clearly visible on the 1 hour chart, and we could see price fall to around 6000 levels.

abdulla_faraz Updated 

A "cup and handle pattern" is forming on the daily chart. Watch out for breakout from channel on the short side. It could result in a significant downward movement.

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As I said in the previous post, BTC is showing signs of reversal and a breakout maybe imminent right now. A flag pattern has formed, volume shows accumulation, and RSI shows massive bullish divergence. Good luck longs.

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Bullish divergence on 4hr chart, together with the bullish engulfing candle on the daily chart () may mean we're going to see a reversal here. Longs rejoice.

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RSI suggests there is enough downward momentum for the trend to continue to about 7800, possibly to 7300.

abdulla_faraz Updated 

After a sizeable bearish engulfing candle, we're seeing btcusd lose momentum and difficulty sustaining the buy side. It's very likely that over the next few days we'll see sellers dominate the market.

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Possible breakout upwards in the next 24 hours.

abdulla_faraz Updated 

We're seeing decreasing volume on the BUY side, with sellers gaining. Small double top also clearly visible on the 4hr chart. We could see a selloff to about 7500 on the short term.

abdulla_faraz Updated 

BTC price is coming up against strong resistance at around 12,000 mark. It's likely to test against this price several times before a breakthrough is made, hence it's likely that price will fall back to support.

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Bitcoin price tracks pretty closely to gann fans. Just a demonstration.

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Monthly pivot points show that BTCUSD could fall to as much as 1800 before regaining.

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Shark pattern on USOIL 4hr chart. Opportunity to short it as it goes down and go long when it reverses.

abdulla_faraz Updated 

Possible bullish cypher pattern on EURUSD 15 min chart