BTCUSD - Can bulls hold the range or let bears destroy it?!
Updated
_______________________________________________________________________________________________________________________________________
Hello traders investors and community, there are some important things going on with BTCUSD the last days i want to talk about.
Looking on the 4-hour chart we can see that BTCUSD is consolidating the last days above the psychological range of 10.000 USD, i am expecting a fall below
that level to 8.900 to 9.000 USD. At this level is a support zone, i am expecting BTCUSD to consolidate in this range as you can see in the chart.
This is also an important zone because we have to hold it to move higher, when we hold this level and form some bullish momentum toward the 11.000 USD
range there is a change to continue the bullish trend with short squezzes happening in the range between 11.680 - 12480.
_______________________________________________________________________________________________________________________________________
Otherwise when we cant hold the support at 8.900 to 9.000 this is critical for BTCUSD, as you can see in my chart there is a huge stop-loss zone,
where if we break trough this level there is a high probability of falling back to 5.000 stopping people out of long positions and forming bearish momentum!
_______________________________________________________________________________________________________________________________________
There is also an EMA crossover just about to happen the next time, you can see it in the chart, normally this is a bearish sign when the faster moving EMA
crosses the slower. When it crosses down i see more evidence for a bear continuation, so watch out for this!
_______________________________________________________________________________________________________________________________________
I would be cautios with opening a position here! When we confirmed further continuation there will be good opportunitys to enter the market wether it is up
or down, patience is always necessary, always wait on confirmation and make your decision on rational based information! I see many people calling for the
complete bottom or extreme bull market continuation to 1.000.000 USD, this is not rational analysis!
_______________________________________________________________________________________________________________________________________
I hope everybody enjoyed watching! May all happiness and luck come to you! Feel free to give a follow or like to support my further analysis!
_______________________________________________________________________________________________________________________________________
Hello traders investors and community, there are some important things going on with BTCUSD the last days i want to talk about.
Looking on the 4-hour chart we can see that BTCUSD is consolidating the last days above the psychological range of 10.000 USD, i am expecting a fall below
that level to 8.900 to 9.000 USD. At this level is a support zone, i am expecting BTCUSD to consolidate in this range as you can see in the chart.
This is also an important zone because we have to hold it to move higher, when we hold this level and form some bullish momentum toward the 11.000 USD
range there is a change to continue the bullish trend with short squezzes happening in the range between 11.680 - 12480.
_______________________________________________________________________________________________________________________________________
Otherwise when we cant hold the support at 8.900 to 9.000 this is critical for BTCUSD, as you can see in my chart there is a huge stop-loss zone,
where if we break trough this level there is a high probability of falling back to 5.000 stopping people out of long positions and forming bearish momentum!
_______________________________________________________________________________________________________________________________________
There is also an EMA crossover just about to happen the next time, you can see it in the chart, normally this is a bearish sign when the faster moving EMA
crosses the slower. When it crosses down i see more evidence for a bear continuation, so watch out for this!
_______________________________________________________________________________________________________________________________________
I would be cautios with opening a position here! When we confirmed further continuation there will be good opportunitys to enter the market wether it is up
or down, patience is always necessary, always wait on confirmation and make your decision on rational based information! I see many people calling for the
complete bottom or extreme bull market continuation to 1.000.000 USD, this is not rational analysis!
_______________________________________________________________________________________________________________________________________
I hope everybody enjoyed watching! May all happiness and luck come to you! Feel free to give a follow or like to support my further analysis!
_______________________________________________________________________________________________________________________________________
Note
BTCUSD is trading now in the blue channel, i expect a consolidation there as described.Note
Bounce of the channel, waiting on further information.Note
Consolidating in channelNote
Note
Formed support between 9100 - 9400 and is in wedge formationNote
I am expecting a bullish move minimum to 11300Note
Touched upper line of the channelNote
Thanks for everybody who supports my work! You are the best!
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.