mohammad_e_c

mohammad_e_c

Hello my trader friends! As you see above and its obvious in my drawings, Bitcoin behaves well in channels and respects them a lot. The last channel that we are still in, is actually an ascending one. She has touched the bottom and top of this channel quite a few time. If she is going to manage to ascend more in upcoming weeks she must hold tight within the...

mohammad_e_c

Hi dear friends and fellows, Those of you who are following up on our analysis are familiar with the chart above, and as we said, after breaking the 9100 support and the red triangle floor, Bitcoin was looking to find a safer range as support. And as I mentioned before, the next support range was in the price range of 7200 to 7600. Bitcoin rebounding and breaking...

mohammad_e_c Updated 

Hello dear friends and followers; Welcome to my chart on bitcoin for august 2019. Here I have drawn a beautiful well-respected descending triangle on my chart. Look at it carefully, how amazingly she has respected the bottom at around 9070 and the descending line from 13842. So, as you already know, after a descending triangle the most probable output can be a...

mohammad_e_c

the minor trendline has broken and a move down to test fib 50% at 8500$ is possible. MACD and Stochastics are also supporting this idea.

mohammad_e_c

BTC is at 0.786 Fibonacci Level and is making a shooting star which are reversal signals

mohammad_e_c Updated 

Hello friends and fellows; According to my previous predictions I believe that the most possible scenario is to touch the gold downtrend line again and start a nice jump up from there... Let's see what happens... press the like button if you agree ;) I wish you all be in profit...

mohammad_e_c

Hello friends and fellows; I hope you are all doing well; BITFINEX:BTCUSD broke the downtrend line (The gold one) and made a nice bull candle. It did it after being stuck in the non-trade zone area for many weeks. I consider this move as the first sign of changing the bear market into a bull one but there is a long way ahead as it seems! The new candle is...

mohammad_e_c Updated 

Hello Friends and Fellows! The uptrend from Nov 2013 (the red one) is still untouched. We may encounter a bullish reversal from that red line. Further drop may come after the bounce to the other supports which are shown with short lines at the end of the chart. 6000, 5400 and 4400 are possible supports in that case. But we're in a good place for reversal from...

mohammad_e_c Updated 

Hello again, we have a strong trendline now acting as support at around 6400 that comes from the high of 2013. It seems a nice and healthy support. there are some extra targets at 6000, 5400 and 4400 in case this support does not hold. I wish u profitable trades. Like this if you kinda liked this! Good Luck!

mohammad_e_c

Hello my friends, Since BTC has recently broken the major uptrend (Blue line), we experienced a sharp drop as it's obvious in the chart. The first stop can be the ~6400 level which is the continuation of recent bottoms. The next support will be seen at 6000 level that is the latest lowest price. Next one comes at 5400 which is multi support. The other...

mohammad_e_c Updated 

Hello dear all! As you see on the chart we just met the pivot point together with the top of the falling wedge and a previous downtrend line. Needless to say that reversal PA pattern is forming...

mohammad_e_c

Is this a tweezer bottom which is forming? Will these accumulative supports hold? Will see...

mohammad_e_c

Hello dear all ! In our previous TA we mentioned how rationally we're waiting for BITFINEX:BTCUSD to touch AREA 2 and gain more power. As you see on the chart the latest downtrend has been broken nicely and the price is making a reverse flag . If you look at the MACD you notice the sign of slight coming retracement and that's gonna be exactly where I've...

mohammad_e_c Updated 

As you see on the chart, price has already broken the major downtrend line (black line) and also the 38.2% retracement level in an upward bullish movement. The resistance 11274.6 (38.2%) has become a new support now. In the upside we have the red downtrend which is touched and tested now. The fight between bulls and bears continues. In my idea for having further...