This amount of similarity just cannot be ignored! All the indicators are pointing down, while BTC is going up! Is it a bull trap? Very likely, but not likely enough to setup a trade based on it. Let's wait and see what lays in store for us. Good luck!
Hey guys People are sort of 100% sure that BTC will retrace to at least 9650, just because of the CME gap. Just wanted to point out that there's a good chance it won't happen the way you expect it to happen. The last time such a sharp move upwards happened, we had a similar gap at around 8700. The gap filled around a week later with a long red wick as you can see...
I've been bearish on bitcoin the past couple of weeks. Now BTC even looks more bearish than then. All the indicators are showing weakness: MACD, STOCH, RSI, etc. The volume is low and we seem to be witnessing a Wychoff distribution phase. But despite all this I'm also seeing a strong signal that indicates growth. I'm gonna explain my point further using the...
BTC closed the day with a relatively big red candle, realizing a head and shoulder pattern. It looks kind of an ugly one, but it does meet the criteria. The Stochastic and RSI are also indicating bearish momentum on 1D and 1W time frames. There's also a huge divergence visible on 1D. These are enough signals to confirm the downtrend is here and it's very real. I...
Hint 1: There's major divergence on the daily time frame. Hint 2: Volume decreasing since the previous high. Ichimoku has also things to say. The green kumo cloud on weekly time frame works as a very strong resistance and it's never been broken upwards for BTC. It has stopped BTC from moving any higher for the past 5 weeks, and it's been rejecting it this week...
The long-term trend line was broken down back in March and we've been in an uptrend ever since. The current weekly candle has tested the trend line and got rejected in the first try. The trend line will either be broken to form a strong breakout or BTC will enter a retrace phase to test the bottom again. In order to make a more complete long-term trade plan, we...
I guess I've seen the same scenario play out for BTC a couple of years ago. Here's the similarities I see in the way BTC behaved back in 2014 and 2020: 1. A "morning star" candlestick pattern appears after several months of downtrend on monthly, indicating a change of the trend. 2. The morning star fails and the drop continues for -%50 and gets rejected (see...
Top of the channel has been touched and as we see the bulls are not as strong as the days before. I'd open short in 74xx. Although RSI does not show an overbought zone, so there's also the possibility of another pump to 76xx, then drop. But I see the first scenario more likely.
Monthly candle is about to close form a beautiful Morning Star, meaning the market is getting bullish for a couple of months at least. As you can see BTCUSD went into consolidation from its previous high at 13K, tested the monthly SMA20 (BB mid-band) which worked as a perfect support level to change the trend, making the price bounce right back up heading towards...
It's been weeks since TAs are shouting out 18k promises for BTC yet it gets rejected at 12k-13k every goddamn time. Well IMO a move to such higher prices in a brief time span won't be possible without either market manipulation or a huge fundamental news. Here's how I see the scenario from Bollinger Bands' perspective. I've drawn imaginary lines along BB bounds...
Ripple is following an Ascending Triangle pattern which could potentially lead to a good profit. IF the market doesn't turn full-bearish in Jan-Feb and IF the triangle doesn't break downwards, a %30 growth is presumable in the mid-term. The volume also supports the idea. This is not a trading advice. Do your own research before entering a position.
Reversal of the trend is expected for BCHABC/BTC .
Let's take a look at Bitcoin's five year logarithmic chart in 1W time-frame. BTC is obviously moving in a channel. I know I know the trend line mustn't be assumed linear in a logarithmic chart. My point here has nothing to do with it. As you can see both last bubbles are followed by a massive correction which ended with a sharp price dump that triggered a...
Check out the long-term COINBASE:BTCUSD chart. Every huge bull run is followed by a long correction and the correction is always over with a heavy dump. Same scenario here for 2018's huge bull run. I believe the long correction is over and in a couple of months, the new bull run will be triggered.
Once the PIVXBTC price breaks above 0.0002222 there's no stopping it until 0.0003
Next time BINANCE:STRATBTC tries 2850 resistance, it will be a touch to break. Accumulate STRATBTC under 2600, next target: 3900 Stop-loss: 2000
TRXBTC will try 368 level once or probably twice more before reaching 375. IF 375 is touched with a candle big enough, 379 resistance will not hold. Once broken, 389 doesn't look like a hard target to reach. Considering the good news around Tron, I believe even some more resistances will be broken in the next few weeks. There's an event in the early December. I...
BUY SALTBTC : under 1050 SELL: 1425 - 1600 short-term 3900+ mid-term