The thick red line is the monthly 15 EMA level. Since the price broke back below that price level it suggests it's still a downtrend. SL: 6730
The pitchfork been holding the price for a while. So those who are looking to buy might try and look to buy at this price level.
From the chart, it's breaking out from the main resistant. Also breaking weekly 15 EMA at 10.4k Goodluck!
On linear scale, BTCUSD price is trying to break through one of the major resistant trendlines. It has in fact been able to stay above the line for a few hours now making it quite likely that the price will increase further. For those who is looking for an entry this would be one of the entry. Though, if you change the scale to logarithmic scale and draw the...
From 4 hr chart, the price has just broke through one of the resistant lines. This makes it a good buy opportunity.
At the lower end of Andrew Pitch fork shown in the graph.
Strong buy candle stick on 5 mins candle around the support level at 61.8% fib and Gann fan . Looking at short term we could see the price recover, though, cannot say whether this is the end of this downtrend (a 78.6% retracement target at 4200 is entirely possible) Price target: 12550 SL: 7898 Goodluck!
Possible short entry for bitcoin as this can be the end of wave B. Though I have made a mistake once trying to catch this end of wave B so be careful. Others things I look at are the upper trendline on log scale chart (~8160; see here uk.tradingview.com), upper original Andrews pitchfork and Schiff pitchfork and the fibonacci projection using the previous pull...
If this is the end of wave B then it is possible we just entered wave C. TP1: 6600 TP2: 5500 TP3: 5000 TP4: 3050 ? Goodluck.
Possibly entering wave B so another short opportunity might be coming soon. Will remain neutral for 1-2 days or when there's opportunity for short. What's interesting with this correction (if the correction hasn't been completed) is that this wave C will cause the price to retrace below the all-time 38.2% fibonacci for the first time this year. Will be...