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Bitcoin Daily Outlook, correction levelsBitcoin price in good shape, making higher highs all 2020 since March lows. So far it didn't make any significant reload like -33% drawdown or more, so it is normal to wait for bigger corrections. Take a closer look to Moving Average behaviour (MA) on chart — Faster MA (red) moved much higher than slower MA violet color. This only means that prices will calm down a little and MA will come closer (or crossover). The Moving Averages confirms idea for correction move. On another confirming signs we can see Trend Line which have too straight angle. Such trends don't exist for too long. DYOR, and do not forget to share your vision. BR, Artem Shevelev
BYBIT:BTCUSD.PShort
by ArtemFuturesTrading
2
Bitcoin 1h Analytics : Bearish ButterflyHey! Price of Bitcoin provided a new Sell signal: Bearish Butterfly Harmonic Pattern. This is quite common pattern on the markets, and it appeared earlier this year in August. Technically determined Take Profit (TP) zone located in 0.382-0.618 Fibonacci retracement area of CD. SL above point D with a safe distance, as the price of Bitcoin loves to make long extensions. Rarely this pattern ending with bigger drawdown, to about 0.236-0.0 zone or lower. But this is very uncommon for Bitcoin, so chances are considered low. On the chart you can notice another Technical pattern — Rising Wedge. It's location in right wing and follow general idea of sell signal. On indicators like MACD and RSI we can find Bearish Divergence, which indicates sell signal. Even thought all facts on the top, there is a chances for Stop Loss triggering, so be careful and use affordable risk position. Stay tuned and have a great weekend! BR, Artem Shevelev
Short
by ArtemFuturesTrading
4
Bitcoin 1h Outlook for November 11 (BTC at $15400)Hello! Here is the Bitcoin forecast for Nov 11, brought to you by Artem Shevelev. For current price action here is what we can see — well shaped triangle and its near resistance to breakout. Common Case for such triangles — trend continuation, so there is higher chances for prices coming up. But history remembers some cases, where prices went against trend and this happens in 20-33% / time. So which direction you should trade — choose by breakout and your personal research. Thanks for your attention, place like if you want it. Stay in touch, this is Artem Crypto
BITMEX:XBTLong
by ArtemFuturesTrading
7
Bitcoin Complex Trading Zone. Hourly chart TA prior US ElectionsHey! Bitcoin price action gets more complex. In fact price forming Wedge, and now price bouncing of range 13900-13500. Now let's focus on two important places to open a trades: 13400 - breakdown from this level wil signalize of next possible down move, to 12800 at least (wedge trading strategy), which is good support for next period. 14100 - breakout up from this level will mean prices approaching higher levels, and will go to 15000+ zone. Meanwhile US elections having very close race and only few states left to show who gon win. Remember, no matter who gon win, prices of the market will have it's own way in long-term perspective. Stay tuned. Have a great day !
BITSTAMP:BTCUSD
by ArtemFuturesTrading
3
Bitcoin Expanding Wedge Prior Breakout to $20000Hello, here is the Bitcoin price action plan. Today Bitcoin reached new daily high at 14165, Tail of this wick could take a lot of liquidations and stop losses. On the chart I visually represented 3 Trading Ranges inside Expanding wedge. ☞ Inside trading range price printed resistance with a-b-c-d points, where point c is higher than others. ☞ Support built by i-ii-iii points, usually point i is lower than others. ☞ Next thing you may notice is Resistance line, it have 1234 touches before bullish breakout. So for now I will expect to buy near additional entry at 13000 zone and lower near 12500. Good luck! Share and like are appreciated !
BYBIT:BTCUSD.PLong
by ArtemFuturesTrading
5